How to Navigate Speculative Resource Investing With Jeff Phillips

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 6 June 2023

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week's Stansberry Investor Hour, Dan and Corey are joined by Jeff Phillips. He's a well-respected expert in the resource and mining industries and president of Global Market Development. With more than 20 years of experience consulting with Fortune 500 companies and government agencies, Jeff is one of the most trusted names in his field. Now, he's giving us an exclusive look into his "highly speculative" approach to investing.

But first, Dan and Corey discuss the recent impressive U.S. employment numbers and their potential impact on interest rates. According to Dan, "It ain't looking like a recession anymore." After that, Dan and Corey examine the burgeoning artificial-intelligence ("AI") bubble – highlighting Nvidia's recent run, its continued growth, and its varying effects on different professions and sectors.

Then, Jeff joins the conversation to talk about his unique approach to speculation. Jeff shares his belief that the financial markets are facing a significant problem and are on the verge of a substantial decline in asset valuations. However, amid this cautionary note, Jeff highlights the potential for exceptional growth in speculative natural resource stocks. He thinks they're a promising investment in an otherwise uncertain market landscape...

➡️ Watch Here

Transcript

Click on a timestamp to play from that location

0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value and the Ferris Report, both published by Stansberry Research.
0:12.0	And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today we talk with Jeffrey Phillips of global market development.
0:19.4	And before that, Corey and I will talk about the huge
0:22.9	blowout employment numbers and what that implies for interest rates ahead. And remember, if you
0:28.1	want to get in touch with us, send us an email to feedback at investor hour.com and tell us what's on
0:33.1	your mind. That and more right now on the Stansberry Investor Hour.
0:47.6	Well, it ain't looking like a recession anymore, I'll tell you that, because employment numbers were just blowout. They were expecting 190,000 jobs, and the U.S. added 339,000 jobs in May. It's just not feeling very recessiony to me.
0:59.0	Doesn't sound like it based on that number, right? Yeah. I mean, David Servantis, who we had on the show, he said, the economy is Enfuego. It's on fire. We're, we're just cranking along here. But, you know,
1:15.9	like I said in the intro, this has implications, of course, for, for Fed policy, which the entire
1:22.0	world is focused on because, you know, fastest tightening cycle in history. What are they going to do next?
1:28.7	Higher for longer would be much worse than I think with the market and everybody is expecting.
1:34.1	And yet we get these Enfuego numbers.
1:37.5	And, you know, the market is discounting a pause or a skip in June this month. I don't know. Maybe they do skip, but who cares, right? They're
1:49.7	going to, they're going to hike again, period, right? You have to think eventually, yes,
1:55.5	they will, even if they take the new skip over the next month or sorry this month when they when they meet again
2:07.3	I you're not seeing the employment situation or the jobs market weakened significantly beyond
2:15.6	what has already happened.
2:25.6	Really, the end of, we're talking, the end of last year was when we were talking about all of the kind of the layoffs and tech and that sort of thing.
2:56.7	I think that, that part happened, which kind of led the, led the bubble in, you know, with all the, the overgrowth of some of these companies and the fears of what we're going to come and or the reality led to job cuts in the tech world. But, but yeah, when we're seeing double the expected job, you know, job creation at this point, I don't think this was what the Fed was going for or was expecting at the beginning of all of this.
3:10.1	So which, and that the jobs part is important because they're balancing basically inflation in the jobs market and don't want to see the runaway part of inflation with wages, you know,
3:15.0	getting permanently in a, you know, unsustainable.
3:19.4	Well, yeah, I mean, it's the other, it's the other part of their twin mandate, right?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stansberry Research, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stansberry Research and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.