Recession Is Inevitable. So Own These Assets | Luke Gromen

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Macro analyst Luke Gromen returns for Part 2 of our interview with him on the unfolding sovereign debt crisis & the likelihood of recession, which he sees as "inevitable" -- largely due to higher oil prices and the collapsing commercial real estate market.
Luke also shares his outlook on which assets to consider holding in such an environment, as well as which ones to steer clear of.
Follow Luke at his website fftt-llc.com/
And on Twitter @LukeGromen and on KZbin @LukeGromenFFTTLLC
TIMESTAMPS
0:00 Recessions and recessions inevitable.
5:56 Does the argentinaification of the economy include social uprising?
14:55 The importance of oil and real estate.
22:04 The extent to which the housing market will crash.
29:04 Thoughts on a new BRICS currency priced in gold.
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At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.
We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you.
There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion’s endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth.
SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: www.wealthion.com/
Subscribe to our KZbin channel / @wealthion
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#oilprice #recession2023 #commercialrealestate
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.
While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.
We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.
The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

[@Wealthion]

LOCK IN THE EARLY BIRD DISCOUNT PRICE for Wealthion's online conference on Oct 21 at wealthion.com/conference

[@issenvan1050]

Timestamps?

[@jameskelly9243]

You folks have been so wrong for last 1year+, you've lost many tons of money for many Your conferences etc. Should be free. You should hold yourself accountable but you won't cause your fees keep you from losing sleep

[@conair1625]

Lyn Alden has a new book, when is she back in wealthion?

[@EricaClapton]

Due to inflation, you may need upward of $3.6million to maintain your existing lifestyle, with the ongoing effect of high inflation, lower forecasted stock market returns or value, and stagnant wages. Achieving a secure early retirement could be more challenging than ever before.

[@Xhibitz]

• Hello I'm already in retirement and have over $720k in a CD account with a very low interest rate. I only need $200k for liquidity purposes (emergency funds) and plan on growing the bulk. I discovered Kayla exceptional resume when I Googled her name online. I consider it a blessing.

[@jiyadavi]

I earn $93,000 a week. GOD bless Kayla Rodrigues, she has been a blessing to my family

[@kwittnebel]

Wow. Scammers all over these comments, making identical scam replies to multiple comments.

[@scoot2992]

Luke has strong convictions, and gives reasons for all of his takes. Much respect for him, and great interview.

[@rokyericksonroks]

Fair enough, but this ain’t no eighth inning we’re in. We’re still shagging fly balls in the outfield during pre-game batting practice.

[@HectorYague]

He does and he is well articulated. That being said, he has been saying the same thing for over a year: long gold, long BTC, long energy, short bonds, mixed views in stocks. Some hits and some misses.

[@BrazilianSwedSamurai]

Being early is being wrong

[@jeffm9145]

Yes, great to hear all perspectives to avoid confirmation bias. The system is very strained and brittle and nobody really knows what black swan will cause the collapse.

[@theflightsimulationexperie6894]

Scam alert 🚨

[@majorpayne8373]

Recession has been with us for months. Depression is what is inevitable.

[@majorpayne8373]

@@oliveradams5030 BS. She scammed me for 20 grand. Stay away!

[@1ireneaustin]

​@@pamelaparis1659reported as a scam and spam

[@1ireneaustin]

stop the scamming.

[@contemplating1015]

What do people expect when we're coming to the end of a long-term debt cycle. Record breaking indebtedness 🙉🙊🙈

[@trailguy]

291k subs as of aug 30 2023. this channel is growing very fast, no surprise.

[@matl7560]

Fertilizer never gets talked about. It really is a baseline for everything and when oil/diesel goes up just a fraction it cost farmers so much and they have to pass the cost down the line and that’s a long ass line. From trains and tankers to trucks to the grocery stores and your snicker bar and cream for your coffee.

[@junkscience6397]

Check out "Peter Zeihan". He's been talking about fertilizer and the production/distribution/resources necessary and who has what for years...

[@xavierayayaell546]

The WEF are banning it worldwide

[@gerardomartinez9992]

Dude a Snickers bar is two dollar in our vending machine at work. It’s nut.

[@kwittnebel]

News flash: farmers don’t set commodity prices.

[@gamanshoo]

Luke Gromen ladies and gentlemen….👏👏👏💪💪💪 talking sense in a senseless era.

[@priyamd4759]

I love the way he values Oil in terns of Gold. Great Interview. Thanks, Regards,

[@mr.makeit4037]

So I'm a boomer. Guessing as to what the guest said, I should watch my back.

[@evegreenification]

I can't reach. What's your secret?@@5577Nar

[@LadyF71]

☠️😏

[@maplenook]

He’s not your threat….Pfizer is

[@liebo76]

I appreciate the lack of a question mark in your title. Truth is power.

[@somejohndoe3004]

That was a masterclass right there. Thank you Luke for your generosity. Much appreciation, all the best. 🙏

[@mohammediqbal123]

Fantastic interview Adam. Enjoyed Luke’s clarity of thought and conviction. One of the best guests 👍👍

[@DanKohan]

As someone who invests in houses, I get how important it is to be ready for changes. Luke's ideas remind us to learn and be ready to try new things when things get tricky.

[@AdminDesk-pq6xf]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@jonathanlee5185]

👍Luke clearly explained the simple re-introduction of gold as a practical means of exchange. No need for BRICS+ to flaff about with a doomed-to-fail complicated currency role-out, just use gold itself. (Non-BRICS Indonesia is working towards such a parallel gold-currency system. )👍

[@SamanthaJaneJames]

He's got the same idea, I do! Nice to hear the feedback and ideas during this interview.

[@jameswatson5501]

Peter Schiff points out that huge government deficits stimulate the economy (as inefficient as gov is). On one hand the Fed raises rates to contract the economy while the gov spending stimulates it. A race to the bottom.

[@RadicalRocks]

Great interview and conversation

[@iktr109]

This is real talk in an interview. I appreciate this video

[@Gabber44906]

Toward the end. He absolutely said Congress needs to stop the spending and eliminate social spending immediately.

[@secretariatgirl4249]

Get rid of corporate welfare, too?? 🤔🤔🤔

[@HectorYague]

Luke is right. Bringing deficit spending back down to a somewhat balanced level is the ONLY way for the current monetary system to be sustainable. The problem is that voters, and therefore politicians, do not have the appetite to reduce the (artificially inflated) living standards they've grown used to. This is not about the haves versus the havenots: they BOTH need to accept that federal budgetary pain is required or they BOTH will suffer the consequences. The haves will see their wealth confiscated via wealth tax, capital controls, property taxes, etc. The havenots will suffer via inflation.

[@Gabber44906]

@HectorYague I agree 100% our founders are rolling over with sheer disgust.

[@cole1404]

This is theee best explanation I have heard about the Japan vs US comparison in a downturn. Please continue to have this guy on again.

[@AdminDesk-pq6xf]

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[@tomdonovan4842]

Excellent insightful and presented well thank you

[@mattanderson6672]

Thanks guys! Great interview! Thanks for having Luke on!

[@LofgrenMark]

In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.

[@Serranogarcia97345]

The market has gone berserk! regardless of experience level, everyone needs a sort of coach at some point to thrive forward.

[@melissawehner]

true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@romiverajr]

@@melissawehner How can I contact your Asset-coach as my portfolio is dwindling?

[@melissawehner]

@@romiverajr I'm been guided by "Susan Bauer Normansell," who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.

[@romiverajr]

@@melissawehner I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her.

[@one4change4thebetter]

Oil is much more valuable than gold or dollars. Oil grows food, transports it and cooks it.

[@AdminDesk-zx9uv]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@Gabber44906]

9:30 he says they need to cut rates entitlements 30 to 40% and defence NOW. He did say but they won't do it.

[@kieranoconnor4334]

Excellent guest @Wealtheon.....going back to watch episode 1 now.

[@jamesburke3803]

There's no link for #1

[@DSMentzer1]

Best interview of 2023 - Luke lays out the path to keeping your family safe as this period of geopolitical and economic transition accelerates towards a new normal. I pray the future includes freedom, but Luke’s advices is the best there is to protect yourselves.

[@luisraya8734]

Simply Fantastic, Adam, I congratulate you on your success!

[@rokyericksonroks]

Reach out to former Exxon CEO Rex Tillerson. As POTUS Trump installed him as Secretary of State, and he coordinated arctic exploration with the Russians instead of starting a war with them as Biden has done. Your future will depend on energy and that will soon be a State Dept issue, never mind Energy Dept. Trump knows that much. Adam should try and get someone like that to talk about energy.

[@BlueWaterSTAX]

Thanks for having Luke on Wealthion Adam. Great channel 👍

[@AdminDesk-pq6xf]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@jasonport2907]

Adam, great interview! Thanks for having Luke on. No nonsense, straight to the point commentary on where we are and where we're headed. But it does make me, and should make us all very nervous, about how the Feds may ultimately decide to go after that $73 trillion in boomer assets. (PS: it's $73T, not 65T, according to Ed Yardeni)! Also, very interesting that Luke mentioned owning Bitcoin...(wanted to hear more about that btw)

[@utuber2]

Luke has been advocating Bitcoin for a long time now. See also Lyn Alden

[@vinz300000]

Fantastic interview, Luke Gromen on fire today!!!!!

[@Zummbot]

Speaking of productivity miracles, barring action from Congress the estate tax will basically double for high net worth households on Jan 1, 2026. This means a lot of Boomer wealth will be passed on to children and charities before then. There was a recent WSJ article on this. How does this affect the endgame Luke envisions?

[@AdminDesk-zx9uv]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@dave8212]

Awesome - thanks to y'all! 👍💛

[@aguywhohikes1271]

One of my favorite two part series to date - thank you, both of you.

[@electrocademyofficial893]

Brilliant, thanks both

[@user-le5sx3cj6g]

Great job !

[@edgeman148]

Excellent and spot-on.

[@chirsbowman8041]

Wow, thank you Adam, so nice to hear some, both helpful and truthful, valuable insights here.

[@holykissme]

Thank you. Thank you, both.

[@GowerCrowd]

The intricacies of the commercial real estate market are often underestimated. As we've seen in places like San Francisco, there are already signs of strain. The looming challenges in refinancing and the increased cost of debt, especially when juxtaposed with the banks' demands for additional equity, paint a concerning picture. It's crucial to understand that these dynamics are not isolated; they're intertwined with broader economic factors. For instance, the role of oil as a driving force in economic growth cannot be understated. It's not just about the immediate implications on the housing market, but the ripple effects it has on the global economy. The interplay between commercial real estate, oil prices, and broader economic indicators offers a comprehensive view of where we might be headed. It's essential for investors, policymakers, and the general public to be well-informed and prepared for potential shifts in the market landscape.

[@charlesbrown9213]

More than most of the guests on Wealthion, Luke is great at projecting a high degree of certitude regarding his outlook. He claims homeowners are "locked in" at low rates, so would tolerate inflation. I'm sure Luke is "locked in". but consider, ~ 40% of households are renters. They skew to low-income. These are the ones most susceptible to inflation and money-printing. Further, about 40% of people who own a home, have NO mortgage. They too would not benefit from inflation. So, I think Luke's opinion about the political landscape of accepting more money-printing is essentially "talking his own book". Luke also suggests entitlement benefits need to be cut, but won't be. Here is an obvious alternative which Luke apparently cannot contemplate: eliminate the earnings cap on FICA taxes. That alone fixes about 90% of the Social Security funding gap. And as that action would prove mildly DEflationary, and would also address govt deficit accounting metrics, this would seem to be an obvious policy solution. -- Luke would probably be among those paying more taxes here, so he again, neglects to mention this obvious solution.

[@secretariatgirl4249]

Yes, the very wealthy are milking Social Security to death because the taxation level cut-off spares them. Wonder why..?? /s. OH, and the GOP robs the SS trust fund!

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤

[@SierraScout2]

So good!

[@pp-8829]

Thanks!

[@alexcampbell3492]

Thank you, great video

[@littlebitmckee8234]

Great guest. Thank you

[@yourname06]

Great interview

[@jak-id3mu]

I think Luke assumes that everybody has rich parents to bail them out. Also, a good amount of people who get inheritances will blow it all on a new car within 2 years.

[@AdminDesk-zx9uv]

±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕⊥👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽💬💬💬

[@jimtillapaugh5551]

Great insight on how he sees things.

[@AdminDesk-pq6xf]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@timm1470]

Wow great interview

[@bruceposch1449]

the 29 minute mark question and answer was very interesting

[@CHAZAGE]

......And YET, the Market grinds higher!

[@ciarancoyne9104]

Thanks a mill boys again🙏🏻

[@trillionexmacro]

outstanding discussion on the ''argentinazation'' of the US economy. Holding gold; real assets oil and blue chips which are able to grow FCF and EPS above inflation trend is the right recipe for what is next.

[@AdminDesk-zx9uv]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@thehungergames8918]

Thank you guys 😄✊

[@bbracing2780]

Luke called this coming soon consistently for the last 18 months, with high conviction on the timing. By his own admission don't listen to any one that is 100% sure of the future events with timing. Come on TLT EDV TMF for a trade.

[@harpoen7358]

Goepolitic developments influence where to invest and an out of the box thinking is needed for that and that is what Luke Gromen is doing which makes interviews very interesting to watch. On top of that hé is very smart in analysing and coming with interesting views you do not hear all the time.

[@AdminDesk-pq6xf]

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[@_Thoughtful_Aquarius_]

Great interview! Speculation on BRICS @29:10 Very insightful!

[@aleaiactaest8354]

Good segment!

[@dennisfowler2138]

It very well may not go too the dump, but I'm right there with Luke!! I'm by no means an investor but rather a realist. For the most of it they call us dumb south Carolinian's. Dad always said some people don't need to reproduce and appears an abundance did, and went into politics.

[@goodbyebluesky5770]

LOL! So true! Congress is full of deranged lunatics. Morons placed in high positions for the sole reason of dividing people into Team A and Team B

[@hart-coded]

respect great interview

[@jackx9274]

Luke explains much better than I what I've been thinking was the end game for years ... only you'd think knowing these realities would move markets the way that makes sense ... but they don't. It always seems we have to push things to disaster and then everyone just says "no one could have seen this coming!". It's just so absurd there is no proactive policy awareness of any kind and 99% of people don't understand this stuff ... and 90% couldn't understand it if Luke explained it to them at their dinner table anyway.

[@Eleuthero5]

You have great guests Mr. Taggart. This guy certainly doesn't pull any punches and his pessimism is data driven. It's refreshing to hear a sober minded appraisal of the Gordian Knot that is the US Economy.

[@markharpster6197]

I love Luke and agree with his worldview. What I can’t quite grasp is how they’ll be able to keep rates low during a period of high inflation. Bill Fleckenstein and others always talk about how the bond market might some day take away the printing press. I guess if you launch a big enough yield curve control program that will somewhat solve the problem. But what about nature’s discount rate, high oil prices? Wouldn’t this have a highly deflationary impact vis a vis a lack of credible borrowers and reduced consumer spending power. Will the government be cutting checks to everyone to make up for that too? Also wonder about mortgages and other consumer loans in a ycc world. Would banks lend a mortgage at a negative rate? Or a used car loan? Because surely rates at levels near the kind of inflation we’re talking about would severely hinder growth of credit. Great interview, though! Thanks!

[@AdminDesk-pq6xf]

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[@platec4798]

The Fed having to print money to keep the US Government going because of a lack of tax receipts is, in my view, a very real and accurate assesment. Luke is correct that it will be inflationary as well. The harsh reality is that the long time economic party with artificial low rates, low inflation and lot's of money in circulation has come to an end. With the BRICS nations amounting to 50 percent of the worlds population, I beleive scarcity will also become another problem along with the collapse of the US dollar. Plate C

[@rokyericksonroks]

Luke overlooks the fact that 2022 tax receipts were at all-time record highs. THAT is the scary part because it nowhere near feeds the bulldog for the kind of runaway spending taking place.

[@LostSoulAscension]

I would put a miracle under unpredictable. Even though Luke makes some great assessments of foreseeable miracles, I'm willing to say that a miracle by definition would be unforseen. Hence, miracle. Only time will tell, Macro operates on these vaguely long term timelines in such a way that we know what will happen but not when or precisely how.

[@AdminDesk-zx9uv]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@newatthegamed1]

Again I ask, (but ignored), why doesn't Luke consider that the US can lift sanctions on the super big oil resource countries like Iran, Venezuela, etc.? They can and that would allow lots more oil onto the market.

[@janedodson7032]

Luke is good. He talks over my head easily.

[@AVDS85]

Thanks guys!

[@M3LTUP]

Gold , Silver , BTC , Oil , Other Commodities.

[@AdminDesk-zx9uv]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@BrianFrenchinternet-marketing]

The older generation has always had the majority of the wealth.

[@terrillmel]

More so now than before. Average age for first time buyer right now is 37 and I see that going up. I was nothing like this before

[@johnbirman5840]

@@terrillmel Than before What? When? Last 60/80 years? History has much to teach about “home ownership” This period has been an anomaly- not the rule. Just saying......

[@terrillmel]

@@johnbirman5840 so you think home ownership age will go back down. I think we're going the way of Japan. They will choose inflation at costs and future generations will own less. Wages have been falling behind asset prices since the early 80s.

[@Ultrajamz]

What are some good ETFs to invest in oil in the ground or energy innovation companies?

[@al-du6lb]

Please invite Richard Werner on the show. Thank you for all you do Adam.

[@edwardk4198]

Luke says, correctly, that the U.S. paid for Japan's defense. More critically the U.S. has paid for everyone else's defense which is why Europe has had such a generous social system. Also provided energy security by making sure ships can transport oil globally. Think this is not appreciated but obliquely referred to as the dollar's "exorbitant privilege". Do not know about de-dollarization or fourth turning but the Pax Americana has been largely beneficial but the social contract has deeply frayed in the intervening decades.

[@daroccot]

21:20 not just boomers. Im gen x. Ive been thinking of this also for my two boys…

[@kemptonbryan]

All in on MO and XOM boys 🚀

[@bitbybit3889]

"It's not a dial anymore. It's a switch." 😳

[@AdminDesk-zx9uv]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@JJ-gp3bo]

What are US Electrical infrastructure equities ? Any examples? Similar to DRAX?

[@jplacroix461]

Adam, Great interview, Luke Gromen is awesome!

[@tonya1604]

This guy is too smart. Please do a much slower deep dive with this genius.

[@debashishchoudhuri1023]

Reality check.... Great episode

[@utubedude2842]

Define commercial real estate. Does that only include RE such as office buildings or are you including multifamily?

[@mktwatcher]

If you think a serious recession is coming why would you own oil?

[@barrybearman3511]

Great investment is a commodity

[@mktwatcher]

Demand for Oil always goes down during a recession and this one looks to be a Global one. So Oil will go down even if OPEC cuts production other non-members will cheat forces them increase production to keep market share.

[@atenas80525]

Did we go from a gold standard for the dollar to a petro standard for the dollar?

[@atenas80525]

the "out" is to grow - grow GDP, grow our energy reserves, reduce red tape to free up free enterprise, reduce taxes to allow private investment

[@daroccot]

Rather than mortgage rate decreases, amortization will increase with higher rates. All anyone looks at now are monthly payments.

[@rokyericksonroks]

That is how Joe Sixpack and Sally Software has been taught to think about money. The US economy is 70% driven by the consumer and that consumer is financially illiterate.

[@gerardroth8838]

What I am surprised is not discussed about the financial mess we are in is the ability of the fed gov once the system is at a breaking point, to come after our assets in some creative way. In other words, you are rich so you will be taxed much more. I believe this is the goal. The final reset.

[@gerardomartinez9992]

It will be great, we can free and independent. We’ll go through upheaval and hardship but we’ll be free from the vampire system of central banks.

[@HectorYague]

Look up Russel Napier's opinions on "financial repression". It is basically what you are describing.

[@dtrout]

Government ultimately cares about itself first and above all else. Any minority group can be pillaged as long as the majority believe they will benefit. I never thought I would see USA drive itself into the ground, but DC politicians are very crafty.

[@mariasimpson9628]

My advice to anyone starting out in the market is to seek guidance as its the best way to build long term wealth while managing your risk and emotions with the passive investing strategy.

[@user-fb2hk7vu3q]

The trading market is constantly evolving with new features, trading opportunities, financial swings with sudden surprises around every corner. The best thing is to stay in shape and don’t let anything catch you on the wrong foot

[@mariasimpson9628]

I know Camille Anne Hector, Been trading with her since 2021, my first investment with her gave me profit of over $265,000 and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

[@KarenLynnOlsen]

Nothing feels better than having a trader that makes maximize profit on ones benefit, I didn't get to benefit that this whole lockdown but its never late, how can i reach this trader you speak about that made you earning even in the red market?

[@KarenLynnOlsen]

Thanks I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.

[@markphillips9822]

Luke Groman is one smart guy. Imo

[@Gabber44906]

Mr. Kelly in your opinion how much or how many more times can this happen before it really blows up? ie QE There is NO real free market.

[@AdminDesk-zx9uv]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@ericshang7744]

US does not need oil from Middle East any more. US is oil exporter. But the key is about the US dollar. The reason US kept low interest rate for so long was from its international reserve currency status. Now that status is in real danger.

[@wanttobeslimjim5032]

Drill our way back to prosperity or default.

[@jerrysteffy7900]

When you consider the content of this interview, and many parallel and similar ones on Wealthion, what is very disconcerting is you never hear even a glimmer of recognition from Powell and Yellen on the serious macro conditions facing the U.S. currently. ( Or the White House ofcourse ) Either they are oblivious or incompetent or do not believe it should be mentioned in order to keep the populus from the truth and under control. I share the opinion that some point something breaks in the system triggering a series of recessionary problems and decays.

[@dtrout]

Excellent points. Well said.

[@issenvan1050]

Timestamps?

[@ronaldbryant252]

The productivity miracles are interesting.

[@AdminDesk-pq6xf]

±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕⊥👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽💬💬💬

[@l.a.mottern3106]

Another way to "cut" Inflation is to raise Margin requirements if they want to slow down the economy and they have not done it at all.

[@AdminDesk-zx9uv]

Ƭx̷ƬᎷe±𝟏𝟖𝟒𝟑𝟕𝟓𝟓𝟏𝟓𝟖𝟕👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻💬💬

[@waynesnelling8259]

my only beef with this is that regardless of fundamentals, which are wildly bullish, oil will plummet during a recession no matter what. the time to buy oil if you believe a recession is coming is not now... oil could easily drop 50% in 6 months in such a case only to triple from there but it WILL go down in a recession make no mistake.

[@stuarthowe8174]

22$ Barrel by FEB 2024

[@michaeloconnor6683]

sky is falling

[@jonathanlee5185]

👍yep, you make a fair point about timelines. If a recession hits and oil prices drop then -- after waiting -- it will be a smart time to buy. 👍

[@gerardomartinez9992]

@@stuarthowe8174if that happens, I wonder who will actually have a job?

[@dmf5rn]

How do you buy oil?

[@themarkandmelteam]

So did Luke basically say that the coming volatile market will not impact the housing market prices downward that much?

[@evegreenification]

That's what I understood of it. BUT location location location

[@HectorYague]

Unless there is a significant raise in unemployment pushing stressed sellers to list (or default) their 3% mortgage properties, there is no reason for new supply to hit the market. Therefore, prices remain high.

[@alexcampbell3492]

Blown away

[@flemmingnielsen5724]

Always learn something. The average real rate on bonds negative early 1900 to 1992 that is amazing certainly not a way to make money!! I didn't recognise that bond int rate has reasonable chance of actually going up so much if no- one buys their bond possible and maybe probable?

[@flemmingnielsen5724]

Sorry 1982