Bridgewater Co-CIO Prince Says US Headed Toward Stagflation

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Bloomberg Television

Bloomberg Television

Күн бұрын

Bob Prince, co-chief investment officer at Bridgewater Associates, discusses the impact of Federal Reserve policy and inflation on bond markets, outlook for the US economy, and the firm's investment strategy He speaks at the World Economic Forum's annual meeting in Davos, Switzerland on "Bloomberg Surveillance."

Пікірлер: 140
@ericwittman3
@ericwittman3 Жыл бұрын
This is the first guy on this channel with any realization of the nature of our current inflation situation.
@J3-2344
@J3-2344 Жыл бұрын
He knows his stuff forsure
@LTJDN
@LTJDN Жыл бұрын
Jeremy Grantham….
@inflationking1271
@inflationking1271 Жыл бұрын
You are watching the wrong channels. Have a look at Peter Schiff podcast.
@minatighosh8331
@minatighosh8331 Жыл бұрын
With the mean income of Americans being stagnant for decades, for the majority stagflation has been a reality for a very, very long time
@jakw97
@jakw97 Жыл бұрын
Its all Ray Dalios words.
@TWWIW
@TWWIW Жыл бұрын
What took CNBC months to describe through their many experts and guests, this guy explained in under 10 min. I was always a follower and true admirer of Mr. Prince. He's like Dalio but more directly analytical, with a hint of common sense.
@westcoastkidd17
@westcoastkidd17 Жыл бұрын
I'm gonna pay very close attention to this guy for the next couple years
@versant12
@versant12 Жыл бұрын
Interviewer interrupted so often. May be he wanted to be interviewed but unfortunately lacked the skills.
@letsdanceonhere
@letsdanceonhere Жыл бұрын
Thanks Mr. Prince
@palashrawat401
@palashrawat401 Жыл бұрын
Basically saying the next 2/3 years are fvcked
@Q_QQ_Q
@Q_QQ_Q Жыл бұрын
thanks to rbgamin quota people
@dayneholt4149
@dayneholt4149 Жыл бұрын
True statement, let's just say less than desirable. 2022 will suck, 2023 will be worse.
@MBarberfan4life
@MBarberfan4life Жыл бұрын
Same guy who was saying "New Paradigm!" in January 2020
@chrisginoc
@chrisginoc Жыл бұрын
Exactly
@raymondmenendez6499
@raymondmenendez6499 Жыл бұрын
Don't know who's worse on predictions, NFL analysts or stock analysts
@goneviral8814
@goneviral8814 9 ай бұрын
That man is right.
@rubyaliza1854
@rubyaliza1854 Жыл бұрын
Spot on. Prince is going to prove himself correct, I'm pretty sure, on many levels 👍
@petronipetroni6841
@petronipetroni6841 Жыл бұрын
There’s actually three bond markets but everybody only looks at two because the fourth one is too complicated 🤣
@MrJoege18
@MrJoege18 Жыл бұрын
How to say "buy gold" without saying "buy gold"
@ChriseCxD
@ChriseCxD Жыл бұрын
Bridgewater is not overweight gold though
@randomdude7384
@randomdude7384 Жыл бұрын
What an exquisite watch, Bob; is it platinum, or titanium?
@johnjohn-ml8vt
@johnjohn-ml8vt Жыл бұрын
Looks like a steel Breitling
@tetrahedral3921
@tetrahedral3921 Жыл бұрын
*Hyper Stagflationary Depression
@susymay7831
@susymay7831 Жыл бұрын
How have financial stocks done durring stagflation?
@stephenlight647
@stephenlight647 Жыл бұрын
As for the Gold Bugs. I own about 10% of my portfolio in gold. It is historically NOT a very good inflation hedge. I own gold as a hedge against disaster, which is not as implausible as it used to be.
@thirdplace3973
@thirdplace3973 Жыл бұрын
Bro, if SHTF like that gold will have little value. In that situation things like medicine and alcohol will have the most value.
@WhatIsThis-zq4hk
@WhatIsThis-zq4hk Жыл бұрын
In a true disaster, hunting weapons will be far more useful than shiny metal bars.
@rdubitsk
@rdubitsk Жыл бұрын
Similar. Gold isn't a great hedge against normal inflation but should be more effective as tail risk hedge against fist money collapse/ hyperinflation. Fiat collapse is either unhedgeable or only gold and similar hard assets are a good hedge.
@bhe8336
@bhe8336 Жыл бұрын
@@thirdplace3973 In situations like that, governments that would form out of the ashes of civilization would accept your gold for their currency. Gold is an insurance policy for the value of your liquid holdings.
@bhe8336
@bhe8336 Жыл бұрын
@@WhatIsThis-zq4hk You underestimate humanity and their ability to reform groups and societies. Gold would have immense value in a SHTF situation. You essentially can acquire resources by convincing the group that the metal you hold will be tradable with other groups in the short term. However, I would trade resources for gold in that situation. Anytime that the overall society gets better and currency is reissued by a reformed government, you could then cash in that hoard of gold savings you have. Gold is all about the long term.
@derekwfrazier
@derekwfrazier Жыл бұрын
hes amazing
@connormcleod9595
@connormcleod9595 Жыл бұрын
A sensible fella
@500stoney
@500stoney Жыл бұрын
He is saying the markets are not buying any likelihood the Fed’s tightening will be long term.
@jaybird7534
@jaybird7534 Жыл бұрын
What we really need is a good old-fashion depression. Stagflation only benefits the rich and it's their choice of downturns because it keeps the poor in line and begging.
@allanzheng
@allanzheng Жыл бұрын
I have some bad news for you, the world in run by the rich
@logic8673
@logic8673 Жыл бұрын
@@allanzheng yes, of course what is the problem?
@The3bizzle
@The3bizzle Жыл бұрын
So last question, “ How much more pain is coming?” Buckle up
@petronipetroni6841
@petronipetroni6841 Жыл бұрын
All these experts about to get a DP in the back side 🤣
@rebeccaartgallary
@rebeccaartgallary 5 ай бұрын
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
@arthurworld9768
@arthurworld9768 5 ай бұрын
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.ur portfolio, you must hire a financial counselor or broker.
@bigticket5869
@bigticket5869 Жыл бұрын
Stagflation: "When the inflation rate is higher than discounted and growth rate is lower than discounted" Milton Freidman is would be very proud of him.....
@Surfwavesallday
@Surfwavesallday Жыл бұрын
What do you mean by “than discounted” in layman terms? Sorry for my ignorance
@greentea2225
@greentea2225 Жыл бұрын
@@Surfwavesallday IOW: "then commonly assumed" or "then priced in."
@jerryware1970
@jerryware1970 Жыл бұрын
@@Surfwavesallday he believes markets haven’t fully discounted the effects of inflation on markets…markets are still too high, both equity and bonds..and I would imagine he believes commodities prices are going higher
@jerryware1970
@jerryware1970 Жыл бұрын
Muni yields still aren’t where they need to be, a lot higher
@jdom01354
@jdom01354 Жыл бұрын
Gold and Silver.
@mr3817
@mr3817 Жыл бұрын
1:27 - what do you own other than Bonds or Stocks, which get CRUSHED in Stagflation??? GOLD. In the 1970s, Stocks were DOWN 70 PERCENT vs Inflation. My Great Uncle told me the stock market was a SCAM because he lost his shirt in the stock market in the 1970s... and what were BONDS called in the 1970s?? "CERTIFICATES OF CONFISCATION" because you were being CONFISCATED on by Inflation. People do NOT REMEMBER HISTORY and these guys don't either, because they didn't absorb the lessons of the 1970s learned by their predecessors. They came in AFTER the 1970s were about over and the losses had been taken by their predecessors.
@bhe8336
@bhe8336 Жыл бұрын
First answer: Gold
@AldiTVFan
@AldiTVFan Жыл бұрын
just pay us already
@jurgschupbach3059
@jurgschupbach3059 Жыл бұрын
Outsourcing is key for succes
@gloriajaimesa2811
@gloriajaimesa2811 8 ай бұрын
one of the smartest guy at the smartest shop got it so wrong, it's insane. that's the market, that's the economy
@chavruta2000
@chavruta2000 9 ай бұрын
Well, let's just update where we are at for a moment, hmmm?
@poreddyjeevanreddy3002
@poreddyjeevanreddy3002 Жыл бұрын
This is true
@jaym9846
@jaym9846 Жыл бұрын
How many nearly empty Jumbo Jets fly leaders to Davos?
@rudyr4163
@rudyr4163 8 ай бұрын
Proven dead wrong
@konreww
@konreww Жыл бұрын
Best Bitcoin advertisement ever
@MrSupernova111
@MrSupernova111 Жыл бұрын
Clueless! LOL
@libertysprings2244
@libertysprings2244 Жыл бұрын
I think gold could make a violent move to $10,000 if inflation stays high but rates stay low. In terms of yen gold may not move that much though. Anything can happen
@Longtack55
@Longtack55 8 ай бұрын
Anything except gold to $10k ;-)
@mikeheflin2614
@mikeheflin2614 Жыл бұрын
the interviewer with glasses tries to complicate his questions to make them seem more intelligent. it is actually the opposite
@robertbrandywine
@robertbrandywine Жыл бұрын
The guy in the overcoat needs to stop talking over his guest.
@inflationking1271
@inflationking1271 Жыл бұрын
What a stupid question how stagflation looks like. We're right in stagflation. Q1 growth print is down, Q2 unlikely to improve, high inflation. When people and institutions liquidate their ETF portfolios I whish every equity investor a good night.
@A3racada3ra
@A3racada3ra Жыл бұрын
It's quite obvious that they still talk it down ... the big money needs some more time to unload their assets quietly. Once the big fishes have done so, you will quickly see the narrative change. It already started if you think about how people would talk about the economy a few months back (i.e. "inflation is transitory ...").
@inflationking1271
@inflationking1271 Жыл бұрын
@@A3racada3ra you are exactly right. That's why they meet in Davos I suppose
@mastersplinter666
@mastersplinter666 Жыл бұрын
I wish these guys would explain this stuff like I’m five. How can this be informative if they speaking a different language. I don’t doubt these guys are smart however make it simple so the American people understand it.
@mr5timewcwchamp
@mr5timewcwchamp Жыл бұрын
You have the internet, you can take the time and look up the terms. I don’t understand most of this stuff either, but there are 1000’s of articles, videos, and books to explain the terms. Take the time to learn for yourself :)
@tetrahedral3921
@tetrahedral3921 Жыл бұрын
Go study Human Action by Ludwig Von Mises
@scottphillips8117
@scottphillips8117 Жыл бұрын
Dude he DID dumb it all the way down. The average American isn’t gonna get it any simpler than that
@duffduck
@duffduck Жыл бұрын
Memestock diamond handers vs. Over leveraged hedgefunds... how entertaining
@777jones
@777jones Жыл бұрын
The USD is becoming a meme stock. And it’s a problem.
@chessdad182
@chessdad182 Жыл бұрын
If he says look up, you should look down.
@user-ys5qp4bq4s
@user-ys5qp4bq4s Жыл бұрын
translatoin: short sp500 ex energy
@Lisa.Tucker
@Lisa.Tucker 6 ай бұрын
Keep dropping! I keep buying! F U Hedgies! The time has come for the poor to be rich! Buy and Hold! They eventually have to buy back! When? We don't ever really know but I'm holding until the freaking BOOM!
@masterzvmmvvve9529
@masterzvmmvvve9529 Жыл бұрын
25/ 1 vs 2
@kikolatulipe
@kikolatulipe Жыл бұрын
The hosts talk more than the guest :-(
@777jones
@777jones Жыл бұрын
Yes, it is insufferable. Good guest though.
@threshaserusrex6471
@threshaserusrex6471 Жыл бұрын
I think another peter Schiff was right vid is coming soon
@RagingGeekazoid
@RagingGeekazoid Жыл бұрын
*Bridgewater Co-CIO Says Exactly What Everybody Else Is Saying*
@KidFreshie
@KidFreshie Жыл бұрын
*thinking but not saying
@adriansmith7604
@adriansmith7604 Жыл бұрын
Recession fuse lit then here 2023 may June arrive
@DonTrumpF2024ever
@DonTrumpF2024ever 4 ай бұрын
🤣😂Depression been here for DECADES! just hidden by massive debt and cheap labor overseas.
@TheBlackClockOfTime
@TheBlackClockOfTime Жыл бұрын
Thanks, Biden.
@ericfranke1637
@ericfranke1637 Жыл бұрын
If only it were that simple.
@ericfranke1637
@ericfranke1637 Жыл бұрын
People have awfully short memories. They've already forgotten that the massive monetary expansion to inflate a deflated covid economy began when Trump was in office.
@santiagojesus123
@santiagojesus123 Жыл бұрын
Inflation is on its way down and fed will continue to hike rates. As of now, inflation protected bonds yield 9% to beat inflation at 8%. As inflation begins to cool, the 9% treasury yield will be superior when compared to the volatility found in the commercial equity market. As of now, 9% treasury bonds outperform the S&P 500 by 26%
@santiagojesus123
@santiagojesus123 Жыл бұрын
I recommend investing in bond ETFs such as UST and TLT
@ericfranke1637
@ericfranke1637 Жыл бұрын
What sources do you use for your info?
@JazevoAudiosurf
@JazevoAudiosurf Жыл бұрын
he looks like Dalios brother
@d7seven
@d7seven Жыл бұрын
oh yeah we should all trust the rich pepole
@georgeburwell7083
@georgeburwell7083 Жыл бұрын
KZbin boss blunts
@flipper6480
@flipper6480 Жыл бұрын
4:40
@livefreeordie7598
@livefreeordie7598 Жыл бұрын
Dear god, I saw a video of him two years ago. He aged like 20 years from then.
@TWWIW
@TWWIW Жыл бұрын
My thoughts also lol
@qake2021
@qake2021 Жыл бұрын
😱🖐🙏🙏🙏🙏🙏🙏🙏🙏🤞
@Indomitablespirit108
@Indomitablespirit108 Жыл бұрын
As long as Bitcoin goes up who gives a F
@patrickcarlson1400
@patrickcarlson1400 Жыл бұрын
Bitcoin will not be going up though, so I guess you'll give a F, Bitcoin is a flash in the pan get rich scheme doomed to go completely bust in the next 5 years
@GadisBaliLivesAbroad
@GadisBaliLivesAbroad Жыл бұрын
But is is only getting down. Meanwhile Gold is getting up.
@followerofjesuschrist.
@followerofjesuschrist. Жыл бұрын
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17:..
@histidinehzq
@histidinehzq 8 ай бұрын
Isn't he dead wrong on both accounts of stag and inflation? Now the inflation is down, and the economy is booming.
@christopherrichardwadedett4100
@christopherrichardwadedett4100 Жыл бұрын
Not so fast. US chip production and automation are very powerful drivers of economic innovation in the American Digital revolution. We got a rough patch ahead.
@christopherrichardwadedett4100
@christopherrichardwadedett4100 Жыл бұрын
Food production and distribution are way behind the curve and in need of vast rationalization. Packaging and storage are still trapped in the 20th century. This sector is ripe for huge innovation. What Elon Musk has done in his domains is applicable to nearly every sector of the American economy.
@thirdplace3973
@thirdplace3973 Жыл бұрын
Lmao. So weird listening to these boomers talk about how great bonds are. 🤣
@Markdfadf
@Markdfadf Жыл бұрын
Ummm.. They literally said bonds were an awful place to be. Was kind of the main point in the video.
@grass.dihenia2590
@grass.dihenia2590 Жыл бұрын
Where tf does Bloomberg find this annoying host
@joycekoch5746
@joycekoch5746 Жыл бұрын
Imagine that, build back better leads to Stagflation - who would have guessed?
@ericfranke1637
@ericfranke1637 Жыл бұрын
It's much more complicated than that.
@ssuwandi3240
@ssuwandi3240 Жыл бұрын
Abs agree to tax the Rich. You gotta do what you gotta do.
@paulsriedstra
@paulsriedstra Жыл бұрын
He's wrong on monetary being the driver. It's trade wars, covid hangover effects restricting supply and the war in Ukraine. This man should know better.
@tetrahedral3921
@tetrahedral3921 Жыл бұрын
That is inaccurate. All inflation is a monetary phenomenon. What you talk about as being the drivers are only effective at causing severe negative outcomes in a weak economic infrastructure society. In a strong economic society, those things would be like wearing body armor against a bullet. But the current economic situation is like wearing a T-shirt against them. You should probably educate yourself before sharing your ignorance on the interwebs
@ericfranke1637
@ericfranke1637 Жыл бұрын
@@tetrahedral3921 not buying that "all inflation is monetary". Supply and demand imbalances cause inflation, lots of it.
@tetrahedral3921
@tetrahedral3921 Жыл бұрын
@@ericfranke1637 currency is one half of every transaction. When you explode the supply of currency, its value falls, thus all prices of anything denominated in it rises. Basic supply and demand. Learn some real economics
@tetrahedral3921
@tetrahedral3921 Жыл бұрын
@@ericfranke1637 the first comment aside, demand is not an isolated reality of and in itself. Demand comes from SOMEWHERE. When demand increases, it increases BECAUSE of something. Demand is purchasing power. Lock people in their homes for a year, send them checks for producing NOTHING and give them nothing to do but buy stuff, the result is artificially induced demand due to an increase of the currency supply. IE inflation. The REAL definition of inflation is accurately stated, AN INCREASE IN THE QUANTITY OF THE CURRENCY SUPPLY When the supply of currency increases, economic demand increases artificially. When economic demand increases and production of goods supply remains the same, you have a “supply chain problem”. Study Austrian economics bud
@tetrahedral3921
@tetrahedral3921 Жыл бұрын
@@ericfranke1637 would you like to try again?
@avenue2revenue
@avenue2revenue Жыл бұрын
What speaks FOR STAGFLATION and what speaks AGAINST STAGFLATION?! Check out the video I just uploaded addressing this topic and see how this will impact your portfolio.
@andresmattos7541
@andresmattos7541 Жыл бұрын
Thank you Biden voters
@fkrr5
@fkrr5 Жыл бұрын
Yeah, hope they're happy now that economy is ruined, 8% inflation, $5/gl gas and brink of war in Western Europe
@ericfranke1637
@ericfranke1637 Жыл бұрын
People have awfully short memories. They've already forgotten that the massive monetary expansion to inflate a deflated covid economy began when Trump was in office.
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