I'm no goldbug, but when you look at almost all other asset classes this year, its almost impressive how flat gold has been. With a strong DXY, you could make a case for it "doing its job"
🧡💛💚💙 gold is manipulated by the banks (on behalf of US Fed) . thats why it never rallies, they 99x leverage it, paper ETF ... i own bitcoin, ethereum & other crypto because they havent corrupted it... yet
Avrg house: half million+. Avrg pymnt w 20% down: 2600$+ at 5.5%. avrg rent 2k. Gas over 5$+. Food, utilities and goods all time highs. Middle class and below will be destroyed. Gen Y, Z, and majority of millennials are already priced out of housing. Fast crash would be best. Slow crash and the longer it will take to recover. Either way there's pain, serious pain, globally.
to say that Russia hasn't intentionally used energy as a weapon is quite frankly ridiculous, why do you think European Gas storage facilities were so low in 2021 ?
@Jonas, exactly. this podcast claims that the sanctions drove up oil prices overlooks that war involving oil producers always tends to drive up prices. Putin knew that the West was dependent on Russian oil and that the switch to renewables was not going as well as ESG folks and European politicians wanted to portray. So Putin chose to weaponize oil as a leverage to get what he wanted: bring Ukraine under Russian control and annexe it or wipe out the population. He did not expect the West to fight this hard. But he calculation was right about oil and he is slow walking gas to Europ so they can't build up reserves over summer. The cost to consumers at the gas station means Biden is helping Russia quietly get ships taking oil to India and China to help manage world demand. Don't believe the headlines. Biden can hand over weapons to Ukraine while also helping Russia make money to bring down oil prices.
This did feel like a coordinated global initial melt up with a subsequent smack down by somebody like the Norwegian Sovereign Wealth Fund in combination with BlackRock, Citadel, Goldman etc leading into the the week of Biden bashing Big Oil and meeting with the windmills. Interestingly all commodities based charts seemed to look identical. Copper- Holy Cow 🐮
Shortage of Tbills spells trouble because that means collateral shortage. Collateral shortage means banks get skittish and cut bank on loans, which means a slow down.
For me as a HEDGEYE client, it helps a lot that the slidedeck looks pretty much like theirs. No need to get used to different colors or graphs. Good job.
Please explain how prices keep shooting up when no one has the money to afford them, in stagflation salaries were going up, they aren’t now. Commodities will stop inflating as well when people can’t buy them it’s just that simple, if somehow war or whatever jacks up the price of a commodity, demand destruction will occur
Mr. Dale is very impressive and I am interested in using his research service but am going to see how the current legal issues with his former employer Hedgeye unfolds.
I'm curious about an off-topic concern: apologies. Has anyone else's Broker made equity research next to impossible? I can only access broad ranged, generic generalizations. No specific chart data can be accessed, not yearly data, or higher/lower price ranges. I can no longer pull quarterly earnings. Are Brokers supporting WEF, instead of Customers? hmmm...I 'm furious!
Just chiming in to the mutual admiration society. I completely agree with Erik’s big picture view and I appreciate Darius’ data supporting Erik’s view. However, I’ll take it one step further. The Biden Administration as well as GB, EU,NATO, IMF, BIS, WEF triggered this war. Biden promised us a cold dark winter in the fall and from a retired Swiss NATO officer we know that the AZOV Battalion, financed by the US and trained in NC, Canada and GB increased attacks on Russians in the Donbass Region 30 fold on Feb.16th, 12 days before the actual invasion started. Ukraine has been annihilated by the Russians in the meantime and a British authority on warfare, the Royal United Services Institute admits that nobody including the US has the weapons to fight the Russians. The US has a just in time inventory system and Ukraine would go through the annual US production of missiles, howitzers etc in a week. The US doesn’t have the parts either. That’s why we only hear hot air out of Biden and NATO. Also Putin has made perfectly clear that he considers the Western financial system an unsustainable fraud that must be exposed. So Erik’s suggestion that Putin has something much bigger in mind than what we have seen so far is right on.
I found there was too much info on the charts and rather a lot of them. I love a Chart, but Mike Maloeny gives a good balance. Too much info, to take it all in. Sorry to be critical, but I needed up glazing over them. Keep it Simple 🙂
"The coming recession could spell another $10 downside in oil" - Erik Townsend 2022. This guy thinks the SP will trade in the 2000's, and oil will drop $10
I heard $10 downside in the short term. Long term I think it may go back to $60-$80 range in a deep recession. Definitely will not be seeing $30-$40 oil again in our lifetimes I think.
Great interview and analysis. A outlet of things I would add. One, if inflation was high prior to the Ukrainian war, and we can’t really blame Russia for our inflation, then our response to the war has not help, but it is also not the sole source of why our CPI remains high. Second, I’m sure Russia could imposed worsening sanctions and make affect our growth, but let’s not forget that it also comes at a cost to them, possibly much higher than the cost to us. Thanks again for the great video.
I'm a long-time listener who is unscribing. The feeling Erick is over-engaged with Putin and his regime started to build a long time ago and now I had enough. "Putin plays this game brilliant" - Erick are you nuts? Putin is killing hundreds and thousands of civilians at this moment! SHAME ON YOU ERICK!
![DDG & G Herbo - Nosey [Official Video]](http://i.ytimg.com/vi/I9Ra0Zc2NlQ/mqdefault.jpg)
Where are my high net worth, sophisticated homies at?
*ex high net worth homie. Lost my life savings on nft’s 💯
Trying to be sophisticated, trying to become high net worth. Don't tell Erik.
Idk I’m just a poor worker making $40k/year.
But I still love listening ✌️
I’ll have a high net worth again once BTC makes it back to its ATH.
@@cryptofein3888 for real?
Seems like one of the smartest guests I’ve seen
I'm no goldbug, but when you look at almost all other asset classes this year, its almost impressive how flat gold has been. With a strong DXY, you could make a case for it "doing its job"
🧡💛💚💙 gold is manipulated by the banks (on behalf of US Fed) . thats why it never rallies, they 99x leverage it, paper ETF ... i own bitcoin, ethereum & other crypto because they havent corrupted it... yet
When the market is getting slaughtered, flat is not bad.
Of course.
Gold is gaining value vs everything falling .
It’s one of the best deflation edge .
Avrg house: half million+. Avrg pymnt w 20% down: 2600$+ at 5.5%. avrg rent 2k. Gas over 5$+. Food, utilities and goods all time highs. Middle class and below will be destroyed. Gen Y, Z, and majority of millennials are already priced out of housing. Fast crash would be best. Slow crash and the longer it will take to recover. Either way there's pain, serious pain, globally.
Gen Y = Millennials
Much appreciated as always every Thursday. Thanks to all 3 of you
to say that Russia hasn't intentionally used energy as a weapon is quite frankly ridiculous, why do you think European Gas storage facilities were so low in 2021 ?
What have they done thus far to weoponize energy?
@Jonas, exactly. this podcast claims that the sanctions drove up oil prices overlooks that war involving oil producers always tends to drive up prices. Putin knew that the West was dependent on Russian oil and that the switch to renewables was not going as well as ESG folks and European politicians wanted to portray. So Putin chose to weaponize oil as a leverage to get what he wanted: bring Ukraine under Russian control and annexe it or wipe out the population. He did not expect the West to fight this hard. But he calculation was right about oil and he is slow walking gas to Europ so they can't build up reserves over summer. The cost to consumers at the gas station means Biden is helping Russia quietly get ships taking oil to India and China to help manage world demand. Don't believe the headlines. Biden can hand over weapons to Ukraine while also helping Russia make money to bring down oil prices.
Because the EU hates fossil fuels and jumped the boat before they had an alternative?
Bearish Patricks microphone
Darius is always great.....and another great interview👍
Darrius is legit. Looking forward to this one!
Thanks guys!
I feel like a fraud when Eric mentions it's for the " High net worth" individuals, that don't stop me from turning in though
Knowledge is how you will become high net worth. Keep at it!
@@anthonyharris8547 and luck lol
@@monkeycouple6935 certainly doesn't hurt!
@@monkeycouple6935 fortitude...luck eventually comes if you keep going.
Great guest.
Terrific job Darius
Love it, they are manipulating oil price directly and these guys don't get it
This did feel like a coordinated global initial melt up with a subsequent smack down by somebody like the Norwegian Sovereign Wealth Fund in combination with BlackRock, Citadel, Goldman etc leading into the the week of Biden bashing Big Oil and meeting with the windmills. Interestingly all commodities based charts seemed to look identical. Copper- Holy Cow 🐮
Great interview. Darius is terrific.
Shortage of Tbills spells trouble because that means collateral shortage. Collateral shortage means banks get skittish and cut bank on loans, which means a slow down.
Get Art Berman. He thinks oil prices have peaked for this year.
not going to happen - they fell out big time
"Russia hasn't done anything to create commodity price inflation" - Erik Townsend 2022
Nice work Dale! #42
Fast forward to 2025: This game's going into extra innings, and all the batters are pitchers.
Superb. I think we are at a 100 year top inflation adjusted. Thank you.
We in the west deserve what’s coming. It’s going to be so ugly and sad.
Damn you know we’re in a recession when Macrovoices is trying to get sponsors
For me as a HEDGEYE client, it helps a lot that the slidedeck looks pretty much like theirs. No need to get used to different colors or graphs. Good job.
Not first
Nice.
fantastic data sets!
Please explain how prices keep shooting up when no one has the money to afford them, in stagflation salaries were going up, they aren’t now. Commodities will stop inflating as well when people can’t buy them it’s just that simple, if somehow war or whatever jacks up the price of a commodity, demand destruction will occur
one of your program mentioned the lack of new refinery in US . don't need them the A B C islands have capability to supply most US needs
Good
Mr. Dale is very impressive and I am interested in using his research service but am going to see how the current legal issues with his former employer Hedgeye unfolds.
Inning 4 to 6?
We have ~20% of the crash behind us, 80% to go.
You heard it here first
Where is the Sergei Glazyev info? I don’t see in research roundup. Great episode! Thanks 🙏
I'm curious about an off-topic concern: apologies. Has anyone else's Broker made equity research next to impossible? I can only access broad ranged, generic generalizations. No specific chart data can be accessed, not yearly data, or higher/lower price ranges. I can no longer pull quarterly earnings. Are Brokers supporting WEF, instead of Customers? hmmm...I 'm furious!
Really been enjoying your videos Eric. Thanks from across the pond
when he says i don't know the quality of drugs they smoke lmaooooo
The idea of playing hardball - that is a very good point I did not think about...
First.
@@jrs1064 hell yeah
Why do you have the same restaurant story as George Gammon??
Dale is one smart cat - awesome job. Enjoyed the episode. Thanks again Erik for bringing these great minds to your platform.
Just chiming in to the mutual admiration society. I completely agree with Erik’s big picture view and I appreciate Darius’ data supporting Erik’s view.
However, I’ll take it one step further. The Biden Administration as well as GB, EU,NATO, IMF, BIS, WEF triggered this war. Biden promised us a cold dark winter in the fall and from a retired Swiss NATO officer we know that the AZOV Battalion, financed by the US and trained in NC, Canada and GB increased attacks on Russians in the Donbass Region 30 fold on Feb.16th, 12 days before the actual invasion started. Ukraine has been annihilated by the Russians in the meantime and a British authority on warfare, the Royal United Services Institute admits that nobody including the US has the weapons to fight the Russians. The US has a just in time inventory system and Ukraine would go through the annual US production of missiles, howitzers etc in a week. The US doesn’t have the parts either. That’s why we only hear hot air out of Biden and NATO. Also Putin has made perfectly clear that he considers the Western financial system an unsustainable fraud that must be exposed. So Erik’s suggestion that Putin has something much bigger in mind than what we have seen so far is right on.
Darius is one of the best. And he’s not a 🐻 but a crash is coming. It’s pretty much avoidable.
Cool. I guess we will avoid it then
Darius is great as always, too bad you have to sit through the rambling synopsis of zerohedge geopolitical 'analysis' to get to him.
🔥 content
My Boi DD !
I found there was too much info on the charts and rather a lot of them. I love a Chart, but Mike Maloeny gives a good balance. Too much info, to take it all in. Sorry to be critical, but I needed up glazing over them. Keep it Simple 🙂
"The coming recession could spell another $10 downside in oil" - Erik Townsend 2022.
This guy thinks the SP will trade in the 2000's, and oil will drop $10
I heard $10 downside in the short term. Long term I think it may go back to $60-$80 range in a deep recession. Definitely will not be seeing $30-$40 oil again in our lifetimes I think.
@@seanpeasley2184 That sounds reasonable. What will the price be when we are trying to grow and the dollar is weakening? That's what I wanna know.
@@michaelb4546 $200-$300 per barrel wouldn't surprise me.
Uh yeah he does think that
Great interview and analysis. A outlet of things I would add. One, if inflation was high prior to the Ukrainian war, and we can’t really blame Russia for our inflation, then our response to the war has not help, but it is also not the sole source of why our CPI remains high. Second, I’m sure Russia could imposed worsening sanctions and make affect our growth, but let’s not forget that it also comes at a cost to them, possibly much higher than the cost to us. Thanks again for the great video.
I'm a long-time listener who is unscribing. The feeling Erick is over-engaged with Putin and his regime started to build a long time ago and now I had enough.
"Putin plays this game brilliant" - Erick are you nuts? Putin is killing hundreds and thousands of civilians at this moment!
SHAME ON YOU ERICK!
LITERALLY PUTLER OMGGGGGGG 😱😱😱
Host is absolutely insufferable.
Affirmative Action - Not a good look