Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms”

Masters in Business

Bloomberg

Business, Investing

4.4 • 2.2K Ratings

🗓️ 19 February 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wars, national defense spending, technology innovations – historically, these have had big impacts on the economy. The result: A spike in inflation and a huge surge in market prices. How can you take advantage of these Superbooms?

Jeffrey Hirsch is editor of the Stock Trader’s Almanac & Almanac Investor Newsletter. He wrote the 2011 book, “Super Boom: Why the Dow Jones Will Hit 38,820 and How You Can Profit From It.” He sees a similar sort of cycle today.

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

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Transcript

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0:00.0	Donald Trump has already changed the way we think about the US economy. Now he's back in the White
0:05.5	House and Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, head of
0:11.6	government and economics at Bloomberg. Whatever the big question of the week is, we'll have something
0:16.2	interesting to tell you about it in a lively conversation with the reporters and analysts closest to the action.
0:22.3	Listen to new episodes every Wednesday
0:23.9	and follow Trumponomics on Apple Podcasts, Spotify,
0:27.4	or wherever you listen.
0:32.3	My feet go boom, boom, boom, boom, boom. My heartbeats, boom, boom, boom, boom, boom, boom, boom.
0:39.3	My heartbeats boom, boom, boom, boom, boom, boom, boom.
0:43.3	The newly elected president, even before he was sworn in,
0:47.3	threatened to take over Greenland, recapture the Panama Canal,
0:52.3	and to make Canada the 51st state.
0:55.7	I'm Barry Rittaltz, and on today's edition of At the Money, we're going to discuss
1:00.2	whether this saber-rattling has implications for your portfolio.
1:05.1	To help us understand all of this and its implications for your portfolio, let's bring in
1:10.5	Jeff Hirsch, editor-in-chief of Stock Traders' Almanac, an author of
1:14.9	2011's Super Boom, Why the Dow Jones will hit 38, 820, and how you can profit from it.
1:23.3	And full disclosure, Jeff wrote a piece.
1:26.3	I want to say it was like 2010, talking about the
1:29.4	upcoming super boom driven by the combination of war and inflation and basically said the
1:36.0	data suggests we should hit 39,000 by 2025.
1:41.3	And I called him out on this nonsense.
	...

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