US Debt, Pension Crisis & BRICs Threat with Peter Grandich

Interview recorded - 8th of December, 2023
On this episode of the WTFinance podcast I had the pleasure of welcoming on Peter Grandich - Founder of Peter Grandich & Company.
During our conversation we spoke about what Peter is seeing in the market, "Don't worry, Be Happy" bias in Wall Street, current issues globally, assets which Peter believes are undervalued, BRIC's and more. I hope you enjoy!
0:00 - Introduction
1:57 - What is Peter currently seeing in markets?
8:22 - “Don’t Worry, Be Happy” bias
9:22 - What is the current pension issue?
12:07 - Pensioners having to sell down their assets when they retire?
15:12 - Timeframe on stock market fall?
17:47 - Number one growth area is Crime
20:12 - Assets which will perform well in coming years?
25:32 - What type of metals will Peter be looking at?
26:22 - Who will be what BRICs produce?
28:02 - China growth story over?
30:27 - The world is more dangerous
31:52 - One message to takeaway from our conversation?
Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training, and within three years was appointed Head of Investment Strategy for a leading New York Stock Exchange-member firm. He would go on to hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds and a mutual fund that bore his name. His abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. He has spoken at investment conferences around the globe, edited numerous investment newsletters and was one of the more sought-after financial commentators.
His autobiography, Confessions of a Wall Street Whiz Kid, was first published in the fall of 2011. The second edition was released in 2014, while the third edition, Confessions of a Former Wall Street Whiz Kid, was issued in October 2015. The fourth edition of the book was later released in April 2019, and the fifth edition was issued in May 2021.
The fifth edition of the book is currently available on Amazon.com, but you can also read the book for free online. Read the book online.
Grandich was the editor and publisher of The Grandich Letter from 1984 to 2014. He was also Senior Commentator for Moneytalks.net from 2013 to 2015.
In 2013, Grandich founded the Athletes & Business Alliance (ABA), a private organization of professional athletes and business executives who exchange ideas and build relationships with an emphasis on capitalizing on the talents of all involved. A symbiotic organization, ABA is a network of accomplished individuals in an environment where one can develop personal associations with a structured and supportive system of giving and receiving business. The ABA boasts a select membership of diverse senior-level executives, high net worth business owners, and both active and retired pro athletes. By invitation only, high-level corporate and business decision-makers and prominent athletes intermingle. To achieve success, businesses must utilize effective marketing tools, secure new customers to generate repeat business and provide superior customer service that engenders loyalty. The ABA provides an environment to do this and more.
Peter Grandich currently resides in New Jersey with his wife, Mary, and they have one daughter, Tara.
Peter Grandich -
Website - petergrandich.com/
X - / petergrandich
KZbin - ‪@Peter-Grandich‬
Blog - petergrandich.com/blog-posts/
WTFinance -
Instagram - / wtfinancee
Spotify - open.spotify.com/show/67rpmjG...
iTunes - podcasts.apple.com/us/podcast...
Twitter - / anthonyfatseas
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[@MrGazzy]

Always love listening to Peter 💯

[@WTFinancepodcast]

Agreed! Thanks for watching

[@andrewmaksymyk7923]

One of the most down to earth and credible guys around. I’m 60 and concerned about my retirement.

[@WTFinancepodcast]

Agreed! Thanks for watching and all the best

[@goldismoney5899]

I usually have a problem with people that are very religious. Grandich is a real genuine guy that pursues his faith with sincerity. I may not agree with all his beliefs but that doesn't matter to me. He is an intelligent and thoughtful man that speaks from his heart.

[@WTFinancepodcast]

The way individuals should be! Have a conversation with strong beliefs without pushing it down others throats. Thanks for watching!

[@valerieprice1745]

Antitheist propaganda has a specific agenda. Anti-theists are targeting the inalienable rights humans are endowed with by our Creator. No Creator, no inalienable rights. That's why antitheists are so hostile, insistent, and intolerant of religion, especially Christianity. It's because Christian theology recognizes the sanctity of human life, and the rights of humans to reproduce, and to practice our faith without interference by government.

[@timbassett9766]

Yes it always concerns me when they believe in the make believe , and give advice ????🇦🇺

[@Sola_Scriptura_1.618]

God bless Peter for spreading sound financial advice and God's word in the same interview!

[@WTFinancepodcast]

He is great, thanks for watching!

[@bruceposch1449]

Amen Peter to your last message. Peter spoke like this 20 years ago on BNN (which was Report on Business back then), and it was a good message then also.

[@aleaiactaest8354]

Good interview.

[@WTFinancepodcast]

Thank you very much, appreciate it!

[@joelazar8318]

Like that Sacred Heart image Peter! Nice!

[@ownsilver]

I’m older than Peter I have seen a lot over the years I agree with Peter we haven’t seen anything yet, Americans are mostly reactive many will react too late to what’s coming, many are in the camp it’s always going up it will be to late! sorry

[@WTFinancepodcast]

It showed during Covid, no one is ready for bad things to come, and if it does come then there will be a mad rush for the door

[@christinanapolitano6837]

Peter❤️

[@kirstinstrand6292]

Looking for a worthy opponent...well said. Realistic.

[@ikhong]

USTreasury bonds are junk. Debt is out of control. USDollar is toast. Petrodollar is dying.

[@WTFinancepodcast]

Even when they’re producing close to 13 million barrels a day?

[@bobhsohi704]

Another fact we better play very close attention to

[@luxboss2388]

I’ll be out of debt in about 3 years I just need that dollar to fight a lil bit longer 😂😂

[@bobhsohi704]

Me too

[@bobhsohi704]

After Obama and his f o o l Joe Biden you're absolutely right there is no bright future

[@jonathanmagic5633]

We have a rental and housing crisis here in Australia due to record immigration numbers of around 600,000 a yr and less than half that many houses being built, and in some parts rents have jumped 50% in last 2 years it has become a headline issue just as you say.

[@murrat]

Great interview.

[@WTFinancepodcast]

Thank you, appreciate the kind words!

[@JohnPong-ly2zg]

King dollar is still #1 but no world reserve currency lasts forever

[@homerflesher7426]

Dollar 💀☠

[@WTFinancepodcast]

Can’t see any worthy opponents to the dollar in the short term

[@bobhsohi704]

There's a fact we all a lot of pay real close attention to

[@cabragooncabulous4082]

We are all responsible for ourselves and actions. But! We need to come with grips that the Fed needs revamping.

[@Sola_Scriptura_1.618]

Revamping? We need the FED like a hole in the head. The Fed needs us, not the other way around.

[@WTFinancepodcast]

How should it be revamped?

[@cabragooncabulous4082]

@@WTFinancepodcast first to reduce the number of academics by introducing business “experienced”to the staff, also adding more boots on the ground to acquire faster intel so as to avoid these stupid lag affect decisions. And certain % of rate change have limits which would require congress to allow acting even though that last sentence scares me most and tastes as bad as I texted.

[@peterwilson9327]

Hold gold. Only what you dont want to lose.😮

[@LUIS-633BANK]

👍🏽

[@WTFinancepodcast]

Thanks!

[@skijay2010]

one phrase "GDP PPP"

[@cherylcampbell7495]

Our children can’t wait. A lot of boomers are broke and broken.😂😂

[@rudeawakening3833]

Boomer … I’ve got your “ boomer “ 😤

[@trails3597]

The student loan forgiveness is $133B. The student loans are $1.4T and the US debt is $33T. The forgiveness is 9.5% of the loans and .4% of the debt. Hardly a game changer. The US debt is a political problem that needs to be addressed.

[@rickaklein774]

All The united states has to do is produce there own goods AGAIN !!!! and Americans need to live with in there means... and The government needs to be rebuilt from The bottom up ... Social security needs to go ... People nee🎉d 25:38 professionals to develop a new for Retirement ... . Gold Gold Gold....

[@WTFinancepodcast]

Can or should Americans live within their means if their government doesn’t?

[@fndngnvrlnd]

A mirage of a country One day it will... poooff.... disappear. And I will break out the champagne.

[@qake2021]

👏👏🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️‼️👍👍

[@WTFinancepodcast]

Thanks for watching!

[@user-ld9zo5sd7d]

old and negative

[@WTFinancepodcast]

What do you think will happen?