✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only. *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.6% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 9/18/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at public.com/disclosures/bond-account.
Automatic thumbs up before the video, then to sit back and enjoy your interview on a Saturday morning with leisure coffee. Perfect way to start the weekend. Thanks, Julia. Have a great weekend.
For Julia to have a mental background and understanding of some arcane history of Dr. Shilling's employment history gives me confidence in her mental acumen.
Yeah the "dual mandate" of price stability and full employment is a very distant second to the Federal Reserve's true purpose of backstopping the banks. Any 50 bps cut is proof positive of grave concern about the health of the finacial system among the fed presidents, regardless of any public statements they may make
i followed garry shilling since 2012. he was in constant recession is coming deleveraging is coming camp. he is one hit wonder w his bond purchase in the 80s and thats it.
Fixed income is a broad and deep topic. Public and Private Debt. Warren Buffet holds ST Treasury debt like cash while he waits for underpriced equities. GS for 30 min gives a quick take. Thanks to Julia, what a great host.
India has relatively high PE levels, I also invest in India ETFs, I am curious if PE levels of 31 are a concern going forward or does Dr. Shilling go with low PE funds like EPI over INDA?
The lost to use economic models and computers has not ended, what they realize is that people are often irrational and not totally logical. The solution, cbdcs, that way you can control people. Now you don't have to rely on people acting logically and rationally, you can force them to by controlling their spending, and if they don't spend just take it from them. That's the way computers and algorithms will become better, by making humanity more controlled.
Im not certain how anyone has the right to call this a soft landing if you've seen all the major company layoffs, and bank failures in the past 2 years.
The sucking up to the guest with excessive flattery is awkward to listen to. Watch Jack Farley's interview with David Rosenberg. It's no nonsense. We want to get to the guts of his call and we want you to push him on inconsistencies.
✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only. *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.6% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 9/18/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at public.com/disclosures/bond-account.
Shilling is THE economist of the generation. Speaking as an unreconstructed Austrian School influenced wonk. Plus my mother always invested well.
Thank you Julia! I always enjoy the "old guys" that have been doing this for a few economic cycles.
Automatic thumbs up before the video, then to sit back and enjoy your interview on a Saturday morning with leisure coffee. Perfect way to start the weekend. Thanks, Julia. Have a great weekend.
Appreciate you! Thank you so much. Have a wonderful weekend. 😊😊😊
One of the timeless great experts in fixed income. Thanks for having him on!
💙💙💙
For Julia to have a mental background and understanding of some arcane history of Dr. Shilling's employment history gives me confidence in her mental acumen.
I read Dr. Shilling’s book, The Age of Deleveraging.
She always reads their books! It makes the interviews so much better ❤
@@ljragsandfeathers ☺🙏
that's a good point "they cut rates before 2% target" it means a lot
Yeah the "dual mandate" of price stability and full employment is a very distant second to the Federal Reserve's true purpose of backstopping the banks. Any 50 bps cut is proof positive of grave concern about the health of the finacial system among the fed presidents, regardless of any public statements they may make
Another great interview
Thanks Julia
Hell yeah! Love this dude!
i followed garry shilling since 2012. he was in constant recession is coming deleveraging is coming camp. he is one hit wonder w his bond purchase in the 80s and thats it.
Detective of Money Politics is following this very informative content and cheers from VK3GFS and 73s from Frank from Melbourne Australia 😊
Always interesting.
Fixed income is a broad and deep topic. Public and Private Debt. Warren Buffet holds ST Treasury debt like cash while he waits for underpriced equities. GS for 30 min gives a quick take. Thanks to Julia, what a great host.
Love your show. Look at Armstrong Economics & their SOCRATES model for a truly A.I model developed by Martin Armstrong.
Really. Can you give me 1 prediction of a price of a stock or commodity that his computer is predicting in the future?
India has relatively high PE levels, I also invest in India ETFs, I am curious if PE levels of 31 are a concern going forward or does Dr. Shilling go with low PE funds like EPI over INDA?
Federal spending lollapalooza?
Treasury perma bull never adjusts his views for reality.
The lost to use economic models and computers has not ended, what they realize is that people are often irrational and not totally logical. The solution, cbdcs, that way you can control people. Now you don't have to rely on people acting logically and rationally, you can force them to by controlling their spending, and if they don't spend just take it from them.
That's the way computers and algorithms will become better, by making humanity more controlled.
Who died and left the goons of Washington D.C. to replace the Free Market?
Calvin Coolidge
Im not certain how anyone has the right to call this a soft landing if you've seen all the major company layoffs, and bank failures in the past 2 years.
Did he say that govt debt is 3% of gdp? BS! The interest on the debt exceeds gdp.
Convexity home run enroute!
🎉👌😃😃😃
If he has been in the long bond in the last couple of years, he got his ass kicked.
The sucking up to the guest with excessive flattery is awkward to listen to. Watch Jack Farley's interview with David Rosenberg. It's no nonsense. We want to get to the guts of his call and we want you to push him on inconsistencies.
Vintage Shilling here. Nothing new. Not worth your time if you're familiar with the good doctor.