Understanding the Impact of Overvalued Market Conditions

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 27 March 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Guest host Tom Wheelwright who is filling in for Robert Kiyosaki, speaks with guest Bob Prechter, who discusses the current state of the economy, the overvaluation of markets, and his theory of socionomics.

Prechter, the visionary behind Socionomics and author of "Last Chance to Conquer the Crash," shares his insights on the patterns of social mood and their impact on various societal aspects, including the economy and stock market. The conversation dives into the phenomena of market manias, propelled by excessive valuations in areas like tech stocks, cryptocurrencies, and real estate, despite broader market challenges.

Prechter and Wheelwright discuss the potential implications of rising interest rates on the federal debt and the broader economy, and how individuals can prepare for potential crashes through safe investment strategies. Additionally, the discussion touches upon the influence of socio-economic conditions on presidential elections, with a focus on the upcoming U.S. election and historical analysis of stock market trends pre-election. The episode concludes with advice on financial preparedness, emphasizing the value of treasury bills and floating rate notes as safe investment options amidst market uncertainty.

**Elliott Wave International has an exclusive offer for Rich Dad listeners: Get Bob’s report, “Preparing for Difficult Times”-- normally $50 -- FREE. And his book, Conquer the Crash, at nearly 2/3 off. The offer is good for a very limited time. Just go to https://www.elliottwave.com/richdad

Transcript

Click on a timestamp to play from that location

0:00.0	When it comes to hiring, the best way to search for a candidate isn't to search at all.
0:03.8	Don't search match with Indeed.
0:06.0	Indeed is your matching in hiring platform with over 350 million global monthly visitors
0:10.8	according to Indeed Data, and matching technology that helps you find
0:14.2	quality candidates fast.
0:16.2	Ditch to busy work, use Indeed for scheduling, screening and messaging to connect with candidates
0:20.4	faster.
0:21.4	And Indeed doesn't just help you hire faster. 75% of employers claim Indeed
0:25.6	delivers the highest quality matches compared to other online job sites.
0:29.2	Leveraging over 140 million qualifications and preferences daily, Indeed's matching engine is constantly learning
0:35.6	from your preferences, so the more you use Indeed, the better it gets.
0:39.4	Join more than 3.5 million businesses worldwide that use Indeed to hire great talent fast.
0:44.8	Join today by heading to Indeed.com slash Podcast 5 and get a 100 pound sponsored job credit
0:50.9	that's Indeed.com slash POD K-D-K-A-T-Z-5. Terms and conditions apply.
0:57.0	This is the Rich Dad Radio Show, the good news and bad news about money.
1:04.0	Here's Robert Kiasaki.
1:05.8	Hello, hello, this is Tom Wilwright filling in for Robert Kiosaki
1:10.3	today.
1:10.8	You're listening to the Rich Dad Radio Show, the good news and the bad news about money.
1:16.2	Robert is in Australia, New Zealand speaking down under and I get the great privilege of subbing for him and learning along with you from an amazing guest. Bob Prector came up with the term socionomics and is recently written a new book called
1:39.6	The Last Chance to Conquer the Crash. And this is something I know Robert talks a lot about
1:45.0	crashes and I'm so excited to have you on the show Bob because you're going to help
	...

Please login to see the full transcript.

Previous episode | Next episode

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

Generated transcripts are the property of The Rich Dad Company and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.