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The Pomp Podcast

#1077 Dave Collum On Why Everything Is Worse Than You Think

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 16 August 2022

⏱️ 152 minutes

🧾️ Download transcript

Summary

Dave Collum is a Professor at Cornell University and is a leading thinker on markets and the larger world around us. In this conversation, we discuss why he's so bearish on the market and how he's preparing for the next 12 months. We also get into various controversial topics including China, Putin, the election and the virus. ======================= LMAX Digital - the market-leading solution for institutional crypto trading & custodial services - offers clients a regulated, transparent and secure trading environment, together with the deepest pool of crypto liquidity. LMAX Digital is also a primary price discovery venue, streaming real-time market data to the industry’s leading analytics platforms. LMAX Digital - secure, liquid, trusted. Learn more at LMAXdigital.com/pomp ======================= Don't miss Mainnet, the most anticipated crypto event of the year, September 21-23 in New York City. Join 4000+ crypto builders and thought leaders for 3-days of can't-be-missed keynotes, fireside chats, demos, networking, and more. Get $300 off of your pass today by visiting https://mainnet.events and entering promo code "POMP" at check out. See you this fall at Mainnet 2022! ======================= BCB Group is the leading payment services partner for the digital assets industry. BCB Group provides payment services in 30+ currencies, FX, cryptocurrency liquidity, digital asset custody and BLINC, which is BCB’s free, instant settlements network for the BCB client ecosystem. Find out more by visiting bcbgroup.com/pomp ======================= If you’re trying to grow and preserve your crypto-wealth, optimizing your taxes is just as lucrative as trying to find the next hidden gem.Alto IRA can help you invest in crypto in tax-advantaged ways to help you preserve your hard earned money. There are no setup or account fees, and it’s all you need to do to invest in crypto tax free. Let me repeat that again:You can invest in crypto tax free.   So, ready to take your investments to the next level? Diversify like the pros and trade without tax headaches. Open an Alto CryptoIRA to invest in crypto tax-free. Just go to https://altoira.com/pomp ======================= Crypto wallets and browser extensions are outdated, limited in features, and don’t meet the needs of today’s Web3 users. Core, the free, non-custodial browser extension built by Ava Labs, is more than just a wallet. Core is packed with features that give Avalanche users a more seamless, and secure, Web3 experience. With Core, any crypto user can easily swap assets, display NFTs in a beautiful interface, and store your assets in a Ledger-enabled wallet. Plus you can put real dollars in your Core wallet in just a few clicks. Go to www.core.app to access the full power of Web3 on Avalanche! ======================= The number one name in NFT domains and the world’s most powerful wallet are teaming up to bring something new to the crypto and Web3 world: That’s right, Unstoppable Domains and Blockchain.com partnered to create NFT domain names ending in .Blockchain. It’s the perfect ending to show that you’re a believer in a decentralized future. The Blockchain.com community can get one, for free by signing up for the waitlist here. Either sign up for a free blockchain.wallet or visit Unstoppabledomains.com to buy your domain today. ==================

Transcript

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0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp

0:07.4

podcast, simply the best podcast out there. Now let's kick this thing off. David Collum is a professor

0:13.8

at Cornell University. He also is a leading thinker on markets and the larger world around us.

0:19.5

In this conversation, we talk about everything,

0:21.8

including why he's so bearish on the future months to come,

0:24.7

what he thinks about various topics like Russia, Ukraine, China, Taiwan,

0:29.7

the election, the virus, and much more.

0:32.8

We also spend quite a bit of time talking about financial markets and financial assets,

0:37.1

including Fed policy and many other topics that most of you are interested in. I really enjoyed this conversation

0:42.5

with David, and I hope that you guys enjoyed as well. Let's get into this episode, and let me know

0:47.3

what you think once you've completed it. Anthony Pompliano runs Pomp Investments. All views of him

0:53.0

and the guests on his podcast are surely their opinions, and do not reflect the opinions of pomp investments. All views of him and the guests on his podcast are surely their opinions

0:55.6

and do not reflect the opinions of pomp investments. You should not treat any opinion expressed by

1:00.7

pomp or his guest as a specific inducement to make a particular investment or follow a particular

1:05.8

strategy, but only as an expression of his personal opinion. This podcast is for informational purposes only.

1:12.6

All right, guys.

1:13.6

I have Dave here.

1:15.0

I don't know, we've recorded two or three times.

1:17.1

This one's going to be the best one because we live in the most chaotic times.

1:21.6

Let's maybe start with the easy stuff.

1:24.5

The Federal Reserve, they for, I don't know, months told us inflation is transitory.

1:30.0

Newsflash doesn't seem so transitory. They now are saying that they're going to create tighter

...

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