4.4 • 1.1K Ratings
🗓️ 12 February 2024
⏱️ 13 minutes
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0:00.0 | Boy, the Biden administration really wants you to believe the economy is fine, nothing to see here. |
0:11.0 | Everything is great. You are living the good life. And yet there's plenty of indicators |
0:16.0 | that say that is not the case at all and a nasty recession is on the way. In fact, Mark Spiegel of Stanley Capital just released a new investor note that I want to kind of go through here before we get into our Q&A part of the show where you're able to leave us a voicemail question. We answer it here on the show. So they just released his most |
0:34.1 | recent investor letter and he's very very smart. Mark is very very smart and one of |
0:41.0 | the things he's talked about is the fact that we still have this large, really a large consensus that there is a massive recession coming and it's going to be nasty. |
0:52.4 | So they have been betting big internally in their... recession coming and it's going to be nasty. |
0:52.8 | So they've been betting big internally in their investments. |
0:55.5 | They've been shorting spy. |
0:57.5 | They're short positions and that. |
0:59.2 | They really think the stock market is in for a big pain in the butt over the next few months and really |
1:04.8 | it's this first half of the year where we're going to see this problem here and |
1:08.6 | specifically he says that not yet arriving isn't the same as not arriving isn't yet arriving, meaning it hasn't come yet, doesn't mean it's not coming. |
1:17.5 | It absolutely is. |
1:18.8 | He strongly believes that a recession will appear in the first half of this year and the expensive stock market will suffer severely from it. |
1:28.0 | And he says, the consensus is now for either no landing at all, like a total falling out of the sky collapse or a soft |
1:36.0 | landing but it is coming so when you think about your family and you think about |
1:41.0 | your investments this is again why I'm such a big real estate |
1:43.6 | investor. |
1:44.6 | This is why I believe in owning tangible assets. |
1:48.0 | When you hear warnings like this, how do you prepare for it? |
1:51.9 | How do you move your money? You know, do you have money sitting right |
1:55.0 | now in a bank account? Do you have money sitting in the stock market? Where do you have |
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