The Glass is Not Half Full
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 14 January 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
2022 is just two weeks underway, other people are joining me in no longer saying Happy New Year, the NFL playoffs are finally starting (a week later than ever before), and the college football champion has been declared. Coming into the new year was the time to forecast what we expected for the year – but now, we are actually in it.
And speaking of those forecasts, I will keep the white paper in front of you here. But I think we are due for a little update on a few big macro issues, so update you we will. From the glorious spot of the 2022 TBG offsite where our entire team has spent the last day and a half meticulously working on improving our business (in some really significant ways, I will add), today’s Dividend Cafe covers a lot of bases.
I have written ad nauseum about the fact that much of what we discuss when we discuss macroeconomic outlook is really about the state of debt in our economy. Much of what we think and ponder about the Fed comes down to debt considerations. There is much to evaluate on the periphery, but debt levels sit at the middle of a lot of these peripheral concerns, and I will tell you that I am seeing more and more people make truly faulty assumptions that I believe are headed to a bad place.
This is a topic that will illuminate and inform your understanding of many things, and the only place I know to do it is in the Dividend Cafe.
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and |
| 0:07.3 | dividends in your understanding of economic life. Well, hello and welcome to the Dividendon Cafe. I'm |
| 0:16.8 | recording our video and podcast here this morning, actually looking out at the beautiful |
| 0:21.7 | Pacific Ocean, but instead of doing that from my office in Newport Beach, we're doing it |
| 0:26.8 | from our team retreat where we have been doing our off-site meetings, our kind of annual |
| 0:32.8 | get-together for the last couple days and run downstairs here when I'm done recording to get back to that. |
| 0:42.4 | And it's been kind of fun because, you know, our team is 40 people now when we have four |
| 0:47.5 | offices around the country. |
| 0:49.1 | And we didn't do one of these events last year. |
| 0:52.8 | And so it's just been a very nice time of regrouping and really actually some pretty |
| 1:00.0 | substantial changes on some things that we think are really exciting and additive for |
| 1:06.1 | our business going forward. |
| 1:08.2 | But nevertheless, the Dividend Cafe this week is a pretty healthy one. |
| 1:12.9 | There's a lot that's gone into it. |
| 1:15.2 | And I want to spend our time today talking about these kind of economic issues that we think |
| 1:22.1 | are relevant and interesting right now. |
| 1:24.9 | And what happens is you get like, let's how we say, |
| 1:30.1 | offshoots of the key economic matters that become the economic matter in the press and the |
| 1:36.4 | way we talk about it and the way we think about our portfolios. And so you get a lot of talk about |
| 1:41.8 | Fed activity. You get a lot of talk about bond yields, really granular. |
| 1:47.2 | You look at like, why didn't gold prices go up last year? |
| 1:52.1 | What's going on with inflation? |
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