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The Compound and Friends

Delete Your DMs

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.72.2K Ratings

🗓️ 15 April 2022

⏱️ 97 minutes

🧾️ Download transcript

Summary

On episode 42 of The Compound & Friends, Michael Batnick, Nick Maggiulli, and Downtown Josh Brown discuss: Elon's Twitter bid, Nick's new book "Just Keep Buying," lump sum vs dollar-cost averaging, inflation, and much more! This episode is sponsored by KraneShares. To learn more about KraneShares' suite of China-focused and climate themed ETFs, visit: kraneshares.com/?adsource=wealthcast Grab a copy of Nick's book: https://www.amazon.com/dp/0857199250/ref=cm_sw_r_tw_dp_32DZJGHZ56VYTCAH5A3X Check out the latest in financial blogger fashion at: https://www.idontshop.com Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/disclosures/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Besides for like the Tom Hacks night, take that out of the equation, is this not

0:06.4

potentially maybe this is the most obvious recession incoming that we've ever seen?

0:11.8

Like if we get a recession, well that's not have been the most obvious recession of all time.

0:16.3

Yes, you agree with me?

0:18.5

Well, the few that I've lived through, and this is the one that I feel most qualified to even

0:24.4

speak about. So maybe that maybe there's not recency bias, but there's like some personal bias

0:30.2

there because now we haven't left this stage in my career. I basically know everything is how I

0:34.0

feel. Of course, of course, I don't. Oh my god. No, don't delete it. That's how I feel. I'm very,

0:40.5

I'm very confident. The Fed is already tightened with their mouths into an economic slowdown

0:46.3

and something's going to break. So okay, very, very confident. That being said, very confident in my

0:51.3

career. Why do we cover rates? I'm bad, but you can't possibly sell stocks. It's not that

0:58.0

bearish. Can't sell. No, just keep on. This might be just be a recession where stocks are great.

1:03.2

Yeah, I'm saying that stocks are, I mean, if you look at the yield curve data, right, like the last

1:07.6

five out of the last six led to recession, right, the one in August, 2019 didn't. Let's not,

1:11.8

I don't want to count the. No, it did. It did. No, don't count the COVID recession off the

1:16.8

that doesn't count. That's ridiculous. It was in August, 2019. It was three months long. Wait,

1:21.9

no, no, no, no, it shouldn't count because in August, 2019, COVID didn't exist. So let's

1:26.1

stand. But are you data X data? Well, I'm data. That's like not fair. You'll

1:33.0

curve it based on a future pandemic that no one knew about. The yield curve is undefeated,

1:37.8

although I would agree, I would agree. It has lost some predictive power. Just based on the fact

1:41.3

that the Fed is so involved in the yield curve. I think, I think it's, I think it still has

1:44.6

predictive power. I think it's like five out of six times. It's pretty good. It's not five out of six.

...

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