MI255 Navigating Bubble 3.0: Is This Time Different? w/ David Hay
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 7 February 2023
⏱️ 61 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.0 | The stock market doesn't typically bottom in a major bear market. |
| 0:06.0 | And we've got to say, and we've seen some of the stats, I mean, NASDAQ was down 32% last year. |
| 0:11.0 | As I mentioned, individual investors overall were down about 38. |
| 0:14.0 | So it's been a serious bare market. |
| 0:17.0 | Those don't end until the Fed is most of the way through a cutting cycle. I mean, |
| 0:21.5 | stocks keep going down even as the Fed's cutting. So all this enthusiasm over when is the Fed |
| 0:28.0 | going to stop and then when is the Fed going to start cutting, I think is misplaced. |
| 0:36.4 | On today's episode, I'm joined by David Hay, who is the chief investment officer at Evergreen Capital. |
| 0:43.0 | He's also the author of the book Bubble 3.0, History's biggest financial bubble, |
| 0:48.2 | and writes a weekly substack called Haymaker that comes out every Monday and Friday that I highly recommend checking |
| 0:55.9 | out. During this episode, David gives us an update on where we are in Bubble 3.0, why he thinks |
| 1:03.6 | it hasn't fully popped yet and there will be likely more pain to come. He also shares how this |
| 1:09.6 | time could be different in the sense that interest rates |
| 1:12.4 | could still go up even in a recession due to the tremendous amount of government debt that needs |
| 1:17.7 | to be newly issued and rolled over and talks about what impact this could all have on markets. |
| 1:23.6 | He also discusses why he thinks inflation is going to come back and how to invest in this type of market environment. |
| 1:30.3 | And I also get his thoughts on some of the sectors that he is particularly bullish on, including oiling gas and uranium. |
| 1:37.3 | And he shares some specific investments in each of the sectors that he thinks are buys and shares his investment thesis behind why. |
| 1:45.9 | It's always such a pleasure chatting with David. |
| 1:47.9 | And for those that missed our first episode, David came on the show a couple months ago |
| 1:53.6 | and talked all about his book, Bubble 3.0, which I highly recommend checking out in reading |
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