MI231: Bubble: 3.0 History’s Biggest Bubble w/ David Hay

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 27 October 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 03:34 - Why David believes we are in the biggest financial bubble of all time and how did we get to this point? 05:57 - Why the Fed’s use of Modern Monetary Theory, Quantitative Easing (QE) and negative real yields have been large contributors to Bubble 3.0. 09:09 - What the difference is between QE and Modern Monetary Theory. 14:47 - What the “Fed Put” is, does it still exist, and what impact this has on the stock market. 26:28 - Why David thinks this bubble is more like the 2008-2009 period and what is different about this time. 32:44 - David thoughts on where we are in Bubble 3.0 as of 2022 and why he thinks the worst is not over. 37:23 - What is driving the dollar’s recent strength? 46:50 - David’s thoughts on owning Gold and bonds right now. 51:10 - Why David thinks now is the worst time to be a passive investor and his thoughts on the “passive indexing bubble”. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out David’s financial writings: Haymaker. Check out David’s book: Bubble 3.0: History's Biggest Financial Bubble (audiobook on Awesound) USE DISCOUNT CODE: MINVEST33 Related episode: Stock Market Bubbles & Crashes w/ Scott Nations - MI197. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with David: Twitter | LinkedIn Connect with Rebecca: Twitter | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.8	Hey guys, I'm really excited to share an upcoming event hosted by the Investors Podcast Network.
0:08.8	Beginning on Monday, October 17th, we're launching a stock pitch competition for you all to
0:14.1	compete in, where the first place prize is $1,000 plus a year-long subscription to our TIP
0:20.4	finance tool. If you're interested in this,
0:23.4	please visit TheInvesterspodcast.com slash stock dash competition for more information.
0:30.7	The last day to submit your stock analysis will be Sunday, November 27th. And to compete,
0:36.4	please make sure you're signed up for our daily newsletter.
0:39.0	We study markets, as that's where we'll announce the winners. And all entries can be submitted
0:44.4	to the email newsletters at the investorspodcast.com. Good luck. And then this is bubble 3.0, which I would argue is the biggest bubble of them all. In fact,
0:59.1	I think it's, as you know, one of our little catchphrases is the biggest bubble in recorded human
1:03.4	history. And it really hit peak insanity last year. On today's episode, I am joined by David Hay, who is a longtime investment advisor and he's currently the chief investment officer at Evergreen Capital.
1:21.1	David is also a financial author and he recently wrote the book titled Bubble 3.0 History's biggest financial bubble, and he gave our
1:29.1	listeners a discount code, which is M-I-N-V-E-S-T-33. You can also find all of his financial
1:37.1	writings on his website Haymaker, and I'll make sure to link those both in our show notes.
1:42.4	During this episode, David talks all about why he believes
1:45.8	we are in the biggest bubble of all time, bubble 3.0, how we got to this point, and why the Fed's
1:52.7	policies such as the use of modern monetary theory, quantitative easing, and negative real
1:57.8	yields have been large contributors to this bubble. We also dive into comparing today to past bubbles,
2:03.8	and David discusses which prior bubble he thinks this period is most like
2:08.0	and what is different about this time.
2:10.0	He also shares his thoughts on where we are in bubble 3.0 as of 2022
	...

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