Aug 16, 2022
We’re seeing huge signs that the economy is about to roll over—especially with the current commodity prices. John Rubino comes on the show to talk about this, and explains some of the trends that allude to the forthcoming recession. If oil and housing move in a particular direction, then the rest of the economy has to go in this direction as well. People are changing the way that they interact with the market, staying on the cautious side and feeling more inclined to sell. To hear more on what’s to come, be sure to tune in to this episode.
-There is a decent chance that the current quarter is negative, and this will carry us through to the election
-People are starting to save less money with alternative energy (i.e. electric cars)
-We’re in a transition that needs to be managed
-We’re headed into a time of very slow growth, which leads to people being nervous in the market. We could see a lot of big cap being sold, bringing it back down to fair valuation
-Some people would like to see the country divided—people are moving to other states because of their beliefs
-There’s lots of civil unrest in multiple European countries because of farmers being targeted.
-Things are too crazy right now for rational participation