What took CNBC months to describe through their many experts and guests, this guy explained in under 10 min. I was always a follower and true admirer of Mr. Prince. He's like Dalio but more directly analytical, with a hint of common sense.
What we really need is a good old-fashion depression. Stagflation only benefits the rich and it's their choice of downturns because it keeps the poor in line and begging.
As for the Gold Bugs. I own about 10% of my portfolio in gold. It is historically NOT a very good inflation hedge. I own gold as a hedge against disaster, which is not as implausible as it used to be.
Similar. Gold isn't a great hedge against normal inflation but should be more effective as tail risk hedge against fist money collapse/ hyperinflation. Fiat collapse is either unhedgeable or only gold and similar hard assets are a good hedge.
@@thirdplace3973 In situations like that, governments that would form out of the ashes of civilization would accept your gold for their currency. Gold is an insurance policy for the value of your liquid holdings.
@@WhatIsThis-zq4hk You underestimate humanity and their ability to reform groups and societies. Gold would have immense value in a SHTF situation. You essentially can acquire resources by convincing the group that the metal you hold will be tradable with other groups in the short term. However, I would trade resources for gold in that situation. Anytime that the overall society gets better and currency is reissued by a reformed government, you could then cash in that hoard of gold savings you have. Gold is all about the long term.
Stagflation: "When the inflation rate is higher than discounted and growth rate is lower than discounted" Milton Freidman is would be very proud of him.....
@@Surfwavesallday he believes markets haven’t fully discounted the effects of inflation on markets…markets are still too high, both equity and bonds..and I would imagine he believes commodities prices are going higher
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.ur portfolio, you must hire a financial counselor or broker.
1:27 - what do you own other than Bonds or Stocks, which get CRUSHED in Stagflation??? GOLD. In the 1970s, Stocks were DOWN 70 PERCENT vs Inflation. My Great Uncle told me the stock market was a SCAM because he lost his shirt in the stock market in the 1970s... and what were BONDS called in the 1970s?? "CERTIFICATES OF CONFISCATION" because you were being CONFISCATED on by Inflation. People do NOT REMEMBER HISTORY and these guys don't either, because they didn't absorb the lessons of the 1970s learned by their predecessors. They came in AFTER the 1970s were about over and the losses had been taken by their predecessors.
What a stupid question how stagflation looks like. We're right in stagflation. Q1 growth print is down, Q2 unlikely to improve, high inflation. When people and institutions liquidate their ETF portfolios I whish every equity investor a good night.
It's quite obvious that they still talk it down ... the big money needs some more time to unload their assets quietly. Once the big fishes have done so, you will quickly see the narrative change. It already started if you think about how people would talk about the economy a few months back (i.e. "inflation is transitory ...").
People have awfully short memories. They've already forgotten that the massive monetary expansion to inflate a deflated covid economy began when Trump was in office.
I think gold could make a violent move to $10,000 if inflation stays high but rates stay low. In terms of yen gold may not move that much though. Anything can happen
I wish these guys would explain this stuff like I’m five. How can this be informative if they speaking a different language. I don’t doubt these guys are smart however make it simple so the American people understand it.
You have the internet, you can take the time and look up the terms. I don’t understand most of this stuff either, but there are 1000’s of articles, videos, and books to explain the terms. Take the time to learn for yourself :)
People have awfully short memories. They've already forgotten that the massive monetary expansion to inflate a deflated covid economy began when Trump was in office.
Inflation is on its way down and fed will continue to hike rates. As of now, inflation protected bonds yield 9% to beat inflation at 8%. As inflation begins to cool, the 9% treasury yield will be superior when compared to the volatility found in the commercial equity market. As of now, 9% treasury bonds outperform the S&P 500 by 26%
Keep dropping! I keep buying! F U Hedgies! The time has come for the poor to be rich! Buy and Hold! They eventually have to buy back! When? We don't ever really know but I'm holding until the freaking BOOM!
He's wrong on monetary being the driver. It's trade wars, covid hangover effects restricting supply and the war in Ukraine. This man should know better.
That is inaccurate. All inflation is a monetary phenomenon. What you talk about as being the drivers are only effective at causing severe negative outcomes in a weak economic infrastructure society. In a strong economic society, those things would be like wearing body armor against a bullet. But the current economic situation is like wearing a T-shirt against them. You should probably educate yourself before sharing your ignorance on the interwebs
@@matsudakodo currency is one half of every transaction. When you explode the supply of currency, its value falls, thus all prices of anything denominated in it rises. Basic supply and demand. Learn some real economics
@@matsudakodo the first comment aside, demand is not an isolated reality of and in itself. Demand comes from SOMEWHERE. When demand increases, it increases BECAUSE of something. Demand is purchasing power. Lock people in their homes for a year, send them checks for producing NOTHING and give them nothing to do but buy stuff, the result is artificially induced demand due to an increase of the currency supply. IE inflation. The REAL definition of inflation is accurately stated, AN INCREASE IN THE QUANTITY OF THE CURRENCY SUPPLY When the supply of currency increases, economic demand increases artificially. When economic demand increases and production of goods supply remains the same, you have a “supply chain problem”. Study Austrian economics bud
Bitcoin will not be going up though, so I guess you'll give a F, Bitcoin is a flash in the pan get rich scheme doomed to go completely bust in the next 5 years
Not so fast. US chip production and automation are very powerful drivers of economic innovation in the American Digital revolution. We got a rough patch ahead.
Food production and distribution are way behind the curve and in need of vast rationalization. Packaging and storage are still trapped in the 20th century. This sector is ripe for huge innovation. What Elon Musk has done in his domains is applicable to nearly every sector of the American economy.
What speaks FOR STAGFLATION and what speaks AGAINST STAGFLATION?! Check out the video I just uploaded addressing this topic and see how this will impact your portfolio.
This is the first guy on this channel with any realization of the nature of our current inflation situation.
He knows his stuff forsure
Jeremy Grantham….
You are watching the wrong channels. Have a look at Peter Schiff podcast.
With the mean income of Americans being stagnant for decades, for the majority stagflation has been a reality for a very, very long time
Its all Ray Dalios words.
What took CNBC months to describe through their many experts and guests, this guy explained in under 10 min. I was always a follower and true admirer of Mr. Prince. He's like Dalio but more directly analytical, with a hint of common sense.
Interviewer interrupted so often. May be he wanted to be interviewed but unfortunately lacked the skills.
I'm gonna pay very close attention to this guy for the next couple years
Basically saying the next 2/3 years are fvcked
thanks to rbgamin quota people
True statement, let's just say less than desirable. 2022 will suck, 2023 will be worse.
Same guy who was saying "New Paradigm!" in January 2020
Exactly
Don't know who's worse on predictions, NFL analysts or stock analysts
Thanks Mr. Prince
What we really need is a good old-fashion depression. Stagflation only benefits the rich and it's their choice of downturns because it keeps the poor in line and begging.
I have some bad news for you, the world in run by the rich
@@allanzheng yes, of course what is the problem?
As for the Gold Bugs. I own about 10% of my portfolio in gold. It is historically NOT a very good inflation hedge. I own gold as a hedge against disaster, which is not as implausible as it used to be.
Bro, if SHTF like that gold will have little value. In that situation things like medicine and alcohol will have the most value.
In a true disaster, hunting weapons will be far more useful than shiny metal bars.
Similar. Gold isn't a great hedge against normal inflation but should be more effective as tail risk hedge against fist money collapse/ hyperinflation. Fiat collapse is either unhedgeable or only gold and similar hard assets are a good hedge.
@@thirdplace3973 In situations like that, governments that would form out of the ashes of civilization would accept your gold for their currency. Gold is an insurance policy for the value of your liquid holdings.
@@WhatIsThis-zq4hk You underestimate humanity and their ability to reform groups and societies. Gold would have immense value in a SHTF situation. You essentially can acquire resources by convincing the group that the metal you hold will be tradable with other groups in the short term.
However, I would trade resources for gold in that situation. Anytime that the overall society gets better and currency is reissued by a reformed government, you could then cash in that hoard of gold savings you have. Gold is all about the long term.
How to say "buy gold" without saying "buy gold"
Bridgewater is not overweight gold though
*Hyper Stagflationary Depression
That man is right.
Stagflation: "When the inflation rate is higher than discounted and growth rate is lower than discounted" Milton Freidman is would be very proud of him.....
What do you mean by “than discounted” in layman terms? Sorry for my ignorance
@@Surfwavesallday IOW: "then commonly assumed" or "then priced in."
@@Surfwavesallday he believes markets haven’t fully discounted the effects of inflation on markets…markets are still too high, both equity and bonds..and I would imagine he believes commodities prices are going higher
There’s actually three bond markets but everybody only looks at two because the fourth one is too complicated 🤣
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.ur portfolio, you must hire a financial counselor or broker.
1:27 - what do you own other than Bonds or Stocks, which get CRUSHED in Stagflation??? GOLD.
In the 1970s, Stocks were DOWN 70 PERCENT vs Inflation. My Great Uncle told me the stock market was a SCAM because he lost his shirt in the stock market in the 1970s... and what were BONDS called in the 1970s?? "CERTIFICATES OF CONFISCATION" because you were being CONFISCATED on by Inflation. People do NOT REMEMBER HISTORY and these guys don't either, because they didn't absorb the lessons of the 1970s learned by their predecessors. They came in AFTER the 1970s were about over and the losses had been taken by their predecessors.
Spot on. Prince is going to prove himself correct, I'm pretty sure, on many levels 👍
He is saying the markets are not buying any likelihood the Fed’s tightening will be long term.
So last question, “ How much more pain is coming?” Buckle up
hes amazing
What an exquisite watch, Bob; is it platinum, or titanium?
Looks like a steel Breitling
Muni yields still aren’t where they need to be, a lot higher
What a stupid question how stagflation looks like. We're right in stagflation. Q1 growth print is down, Q2 unlikely to improve, high inflation. When people and institutions liquidate their ETF portfolios I whish every equity investor a good night.
It's quite obvious that they still talk it down ... the big money needs some more time to unload their assets quietly. Once the big fishes have done so, you will quickly see the narrative change. It already started if you think about how people would talk about the economy a few months back (i.e. "inflation is transitory ...").
@@A3racada3ra you are exactly right. That's why they meet in Davos I suppose
the interviewer with glasses tries to complicate his questions to make them seem more intelligent. it is actually the opposite
A sensible fella
All these experts about to get a DP in the back side 🤣
The guy in the overcoat needs to stop talking over his guest.
Gold and Silver.
just pay us already
How have financial stocks done durring stagflation?
Thank you Biden voters
Yeah, hope they're happy now that economy is ruined, 8% inflation, $5/gl gas and brink of war in Western Europe
People have awfully short memories. They've already forgotten that the massive monetary expansion to inflate a deflated covid economy began when Trump was in office.
Best Bitcoin advertisement ever
Clueless! LOL
I think gold could make a violent move to $10,000 if inflation stays high but rates stay low. In terms of yen gold may not move that much though. Anything can happen
Anything except gold to $10k ;-)
Outsourcing is key for succes
The hosts talk more than the guest :-(
Yes, it is insufferable. Good guest though.
Memestock diamond handers vs. Over leveraged hedgefunds... how entertaining
The USD is becoming a meme stock. And it’s a problem.
How many nearly empty Jumbo Jets fly leaders to Davos?
Well, let's just update where we are at for a moment, hmmm?
one of the smartest guy at the smartest shop got it so wrong, it's insane. that's the market, that's the economy
I wish these guys would explain this stuff like I’m five. How can this be informative if they speaking a different language.
I don’t doubt these guys are smart however make it simple so the American people understand it.
You have the internet, you can take the time and look up the terms.
I don’t understand most of this stuff either, but there are 1000’s of articles, videos, and books to explain the terms. Take the time to learn for yourself :)
Go study Human Action by Ludwig Von Mises
Dude he DID dumb it all the way down. The average American isn’t gonna get it any simpler than that
First answer: Gold
Proven dead wrong
🤣😂Depression been here for DECADES! just hidden by massive debt and cheap labor overseas.
Where tf does Bloomberg find this annoying host
This is true
*Bridgewater Co-CIO Says Exactly What Everybody Else Is Saying*
*thinking but not saying
Dear god, I saw a video of him two years ago. He aged like 20 years from then.
My thoughts also lol
I think another peter Schiff was right vid is coming soon
translatoin: short sp500 ex energy
If he says look up, you should look down.
Thanks, Biden.
If only it were that simple.
People have awfully short memories. They've already forgotten that the massive monetary expansion to inflate a deflated covid economy began when Trump was in office.
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17:..
4:40
Isn't he dead wrong on both accounts of stag and inflation? Now the inflation is down, and the economy is booming.
Inflation is on its way down and fed will continue to hike rates. As of now, inflation protected bonds yield 9% to beat inflation at 8%. As inflation begins to cool, the 9% treasury yield will be superior when compared to the volatility found in the commercial equity market. As of now, 9% treasury bonds outperform the S&P 500 by 26%
I recommend investing in bond ETFs such as UST and TLT
What sources do you use for your info?
Keep dropping! I keep buying! F U Hedgies! The time has come for the poor to be rich!
Buy and Hold! They eventually have to buy back! When? We don't ever really know but I'm holding until the freaking BOOM!
He's wrong on monetary being the driver. It's trade wars, covid hangover effects restricting supply and the war in Ukraine. This man should know better.
That is inaccurate.
All inflation is a monetary phenomenon.
What you talk about as being the drivers are only effective at causing severe negative outcomes in a weak economic infrastructure society.
In a strong economic society, those things would be like wearing body armor against a bullet. But the current economic situation is like wearing a T-shirt against them.
You should probably educate yourself before sharing your ignorance on the interwebs
@@tetrahedral3921 not buying that "all inflation is monetary". Supply and demand imbalances cause inflation, lots of it.
@@matsudakodo currency is one half of every transaction.
When you explode the supply of currency, its value falls, thus all prices of anything denominated in it rises.
Basic supply and demand.
Learn some real economics
@@matsudakodo the first comment aside, demand is not an isolated reality of and in itself.
Demand comes from SOMEWHERE.
When demand increases, it increases BECAUSE of something.
Demand is purchasing power.
Lock people in their homes for a year, send them checks for producing NOTHING and give them nothing to do but buy stuff, the result is artificially induced demand due to an increase of the currency supply.
IE inflation.
The REAL definition of inflation is accurately stated,
AN INCREASE IN THE QUANTITY OF THE CURRENCY SUPPLY
When the supply of currency increases, economic demand increases artificially.
When economic demand increases and production of goods supply remains the same, you have a “supply chain problem”.
Study Austrian economics bud
@@matsudakodo would you like to try again?
25/ 1 vs 2
As long as Bitcoin goes up who gives a F
Bitcoin will not be going up though, so I guess you'll give a F, Bitcoin is a flash in the pan get rich scheme doomed to go completely bust in the next 5 years
But is is only getting down. Meanwhile Gold is getting up.
he looks like Dalios brother
Imagine that, build back better leads to Stagflation - who would have guessed?
It's much more complicated than that.
oh yeah we should all trust the rich pepole
Lmao. So weird listening to these boomers talk about how great bonds are. 🤣
Ummm.. They literally said bonds were an awful place to be. Was kind of the main point in the video.
CZcams boss blunts
Not so fast. US chip production and automation are very powerful drivers of economic innovation in the American Digital revolution. We got a rough patch ahead.
Food production and distribution are way behind the curve and in need of vast rationalization. Packaging and storage are still trapped in the 20th century. This sector is ripe for huge innovation. What Elon Musk has done in his domains is applicable to nearly every sector of the American economy.
😱🖐🙏🙏🙏🙏🙏🙏🙏🙏🤞
Abs agree to tax the Rich. You gotta do what you gotta do.
What speaks FOR STAGFLATION and what speaks AGAINST STAGFLATION?! Check out the video I just uploaded addressing this topic and see how this will impact your portfolio.