I wish I could thank this Gordon Long guy personally for the immense knowledge he provided for us free of charge. I look forward to another video with him on.
I have been following Gorgon Long for several years now. I love the way he explains complex risk in a simple, easy to understand way. I never miss an interview with him. He is the GOAT!
A very clear outline of what's coming. Unfortunately we are living in the time of the great financial stripping of the masses. Sadly the vast majority have been programed not to see and avoid this situation.
Never heard of this guy before, but he has effectively explained the delta between how the market and macro worked and how it may change due to the 'rule changing'. Very impressed....will revisit this video a few times
Gordon, Stephanie Pomboy, and Darius Dale are the top 3 people you interviewed. As often as you can, get these 3 people back in the show! Thank you for (in the words of Darius) "doing GREAT work"! Grazie!
This was a good one. He stuck to the facts and the data rather than try to sell us a fairy tale that just so happens to line up with his investment strategy.
There is risk premium on stocks and bonds. What is it for derivatives and how does it manifest? Maybe you could do a show just on derivatives. That is massive market and hardly anyone knows what it is. At least I don't.
Biggest risk issue with derivatives a lot of times has to do with expiration. You pay to buy an underlying (asset of your choice here) and a pricing structure that is based on a time frame. So you can be right on price forecast, but if you don't buy enough time you may never capitalize on being correct. The flip side is that buying more time costs more money.
During the Trump administration the US was adding 2 trillion a year to the deficit. That's 8 trillion in 4 years. I don't recall anyone saying the markets were about to crash?
Can someone explain to me what he means by making capital gains on treasury bonds? Sorry, I’m dumb but really curious about this. Is he talking about selling long term bonds on a secondary market a few years down the road?
He said that we should buy gold right now but then he said the government will tax the heck out of it or price fix it when we try to sell. Did I hear that right? Can somebody clarify? Is gold not a good hedge for inflation?
Excellent interview/exchange!! As a older person who bought my first home and lived through the hyperinflation of the early & mid 1980s, I’ve been questioning why the Central Banks are deliberately raising rates and creating unemployment to lower inflation when the real cause of inflation is increasing liquidity (thru rampant currency printing and helicopter money). This explanation of the strategies that Volker used in the 70s and 80s was very valuable in highlighting his eventual and very painful success as compared to the inadequacies of the current processes. I have also questioned the worldwide idiocy of short sighted governments and long planning central banks (privately owned) adopting Modern Monetary Theory, when anyone with half a brain could see what has happened in 3/nations that adopted this approach decades ago, in particular Argentina, Venezuela and Zimbabwe. This episode of Wealthion is definitely a SAVE for me, as I am sure I will rewatch several times. Many thanks to both of you.
Have been subscribing to Gordon for about 2 years now but also followed him for a couple of years earlier. A very sensible and interesting "forecaster" who is not in any way hubristic.
One of my favorite as well…top guy 👍 Gordon and Macleod…top minds…Macleod in his recent interview on WTfinance alluded to similar points and predictions!
If financial market metrics diverge from fundamentals, one explanation could be that with excess liquidity investors may be willing to chase higher multiples. That could create a new normal until the excess liquidity disappears due to some shock.
@ 38:49 what do you mean by "there's not the buyers coming into the dollars" : Japan does not buy dollars when it buys treasuries ---- Japan exhanges (or sells dollars) dollars for treasuries
Comedy channel, not financial. It's only about inviting people predicting imminent doom on equities while it never happens and they all seem to forget about what they had been predicting so far 🙂
The stockmarket was going up because the mood was still confident until the end of 2021. That confidence fell away through 2022 until October when it blasted off for the remainder of the year. Since then it has been very choppy and overlapping and, significantly failed to get past the January 2022 peak. I believe that it was an A-B-C correction, albeit a higher than usual one that ended in late July. Such is the power of the overall confidence that had been growing over the last 90 years that it has taken a while to shake off. We have seen at least eight strong upthrusts since January 2022. Stockmarket players are so sure that each steep downturn will be the bottom and signal the start of a new bull market. The signs of a deterioration in mood are all around though. Political polarization, labour unrest/strikes, US hate towards China and Russia, tightening of lending standards, reluctance to take on more debt, a rise in bankruptcies and the escalation of war in Ukraine all point towards more trouble ahead.
When the “bet” is so huge, and their betting on a much smaller market, the incentive and possibility to manipulate a market is available, the outcome is inevitable. Gambling should be reserved for bookmakers. Financial markets need to be protected for genuine investors.
Ironically, while Gordon recommends seeking investment advice, he also made a strong case to NOT use a "professional money manager" because it's only a "job" for them, allowing (and even forcing) them to take needless risks with OTHER people's money!!!! I AGREE COMPLETELY! 👏
Weall are - ypu are notalone. Now is the time to cleave to family, friends, community. Weare going to need each other to getrhrough 4th turning. Chickens coming home to roost time. Best wishes frpm.the UK
Music to my ears. If you’re long term investor don’t worry about being early. Your asset class will go on a bull run. Don’t need many wins just a few really big wins and if you have to wait so be it. I’ve been in PM since 2021 and been flat but at least it kinda maintained its value. Now waiting for the bull run
Forgive me, Adam, but you keep referring to a peacetime economy. We have been in perpetual war for decades, with a “defense” budget bigger than the next ten countries combined. We may not have bombs falling on our own homes (yet), but history points to that possible outcome.
I totally agree with the idea of being careful and not trying to get the very last bit of money from the market right now. It's like trying to pick up tiny coins in front of a big, fast-moving machine - not safe!
LOCK IN THE EARLY BIRD DISCOUNT PRICE for Wealthion's online conference on Oct 21 at wealthion.com/conference
My question is is is is is is is
I wish I could thank this Gordon Long guy personally for the immense knowledge he provided for us free of charge. I look forward to another video with him on.
You know this may be your best interview yet, listening for the third time. Thanks Adam!
So much knowledge. He knows exactly what he is talking about. Never stutters never has NO idea what he is talking about.
I have been following Gorgon Long for several years now. I love the way he explains complex risk in a simple, easy to understand way. I never miss an interview with him. He is the GOAT!
Where do you follow him…. Twitter? His own podcasts or website? What’s the url please?
You have THE BEST guests on Wealthion!
Loved listening to Gordon, thank you for having him on!!
A very clear outline of what's coming. Unfortunately we are living in the time of the great financial stripping of the masses. Sadly the vast majority have been programed not to see and avoid this situation.
What a great guest. I could have kept listening cuz he was so interesting. Thanks Adam
More of Gordon. Such a knowledge is priceless.
Gordon blows me away again! Wow incredible interview. Thanks Adam & Gordon. World class discussion.
Adam, this is one of the interviews I come back and watch a week later...then watch it a second week later.
Never heard of this guy before, but he has effectively explained the delta between how the market and macro worked and how it may change due to the 'rule changing'. Very impressed....will revisit this video a few times
Me too. Sign up for is weekly newswyter. Very genetous with ha fre learning. I seae I'm abkut to understand what mercantlism is.
Gord Long is really sharp. Been reading & listening to his stuff for years.
Excellent guest...thanks again for the helpful information.
Not a well known guest, but a guest worth knowing well.
Gordon, Stephanie Pomboy, and Darius Dale are the top 3 people you interviewed. As often as you can, get these 3 people back in the show! Thank you for (in the words of Darius) "doing GREAT work"! Grazie!
This was a good one. He stuck to the facts and the data rather than try to sell us a fairy tale that just so happens to line up with his investment strategy.
Phil Donahue knows his stuff!!!
This is an excellent guest and a straight shooter! Thanks Gordon.
Brilliant guest. Bring him back!
There is risk premium on stocks and bonds. What is it for derivatives and how does it manifest? Maybe you could do a show just on derivatives. That is massive market and hardly anyone knows what it is. At least I don't.
Biggest risk issue with derivatives a lot of times has to do with expiration. You pay to buy an underlying (asset of your choice here) and a pricing structure that is based on a time frame. So you can be right on price forecast, but if you don't buy enough time you may never capitalize on being correct. The flip side is that buying more time costs more money.
Probably the best interview of the year.
Fantastic interview. Brilliant guest ! Thank you Adam !!!
During the Trump administration the US was adding 2 trillion a year to the deficit. That's 8 trillion in 4 years.
I don't recall anyone saying the markets were about to crash?
On par with Rick Rule, have him back
Gordon is great. The videos on his channel are also very informative. Thanks for having him on, Wealthion.
Thanks for a great discussion - a sane voice among all the brouhaha of pure TAs. Please keep bringing him back. Regards,
Very informative. Thank you Mr.Gordon.
I really appreciated his viewpoint, no matter how harsh he felt it was. We all need to listen to it, and I hope you have him on more often.
One of the best of the wealtheion
Can someone explain to me what he means by making capital gains on treasury bonds? Sorry, I’m dumb but really curious about this. Is he talking about selling long term bonds on a secondary market a few years down the road?
Around 1:07 Gordon mentioned zombie corporations long and short. Would have been interesting to hear more on that.
Enjoyed Mr. LONG'S Disortation.
He said that we should buy gold right now but then he said the government will tax the heck out of it or price fix it when we try to sell. Did I hear that right? Can somebody clarify? Is gold not a good hedge for inflation?
he mean u should buy gold to fight inflation now, but just be aware that gov will probably hit you with some kind of windfall tax later on.
Gold profits are taxed at a flat 28%. However, Sprott PSLV and PHYS are treated as capital gains and losses.
Why would there be a moritorium on foreclosures when houses are at record unaffordablity? Insane
Wow. Great guest. Thanks.
You always have the most amazing guests… Thank you
WOUU ….. Gordon is an encyclopedia , never learned so much on a short time
Great information! This is very enlightening. Thanks for another great interview!
Knowledgeable man. No hype. No ego need
Thank you very much...
Great interview…. Thanks gentlemen.
Excellent interview Adam, spot on.
Best show in a long while!
A.M.A.Z.I.N.G. Guest! Loved it!
Would be interesting to see conversation between Gordon Long and Brent Johnson.
Excellent guest. Bravo 👏
I always appreciate your insight.
Thank you!
Excellent interview/exchange!! As a older person who bought my first home and lived through the hyperinflation of the early & mid 1980s, I’ve been questioning why the Central Banks are deliberately raising rates and creating unemployment to lower inflation when the real cause of inflation is increasing liquidity (thru rampant currency printing and helicopter money). This explanation of the strategies that Volker used in the 70s and 80s was very valuable in highlighting his eventual and very painful success as compared to the inadequacies of the current processes.
I have also questioned the worldwide idiocy of short sighted governments and long planning central banks (privately owned) adopting Modern Monetary Theory, when anyone with half a brain could see what has happened in 3/nations that adopted this approach decades ago, in particular Argentina, Venezuela and Zimbabwe.
This episode of Wealthion is definitely a SAVE for me, as I am sure I will rewatch several times. Many thanks to both of you.
Best clearest explanation of where we are at ever! Now I need to know how to invest in credit, bonds, gold, silver and commodities.
Gordon is brilliant.
Thank you for this interview, bring him back as often as you can
Best video I have seen yet ! Keep it up !
EXCELLENT VOICE of REASON! I've never heard him before. Thanks for facilitating this interview!
Excellent discussion!
That was an incredible conversation. Thank you for finding this guy.
Fantastic interview, thank you!
WOW !!! Awesome !!! Thank You Gordon and Adam !!!
Have been subscribing to Gordon for about 2 years now but also followed him for a couple of years earlier. A very sensible and interesting "forecaster" who is not in any way hubristic.
Definitely he should be a monthly regular🥇🌟🌟🌟🌟🤗
Great interview!
Being em back!! This episode was too short!! We need to listen to elders lol. They don’t need to be president, but they’re still wise.
Wealthion 🥇
This was interesting. Thank you.
incredible interview!
Gordon T Long! Great invite to the show. I’ve been following him for several years now.
One of my favorite as well…top guy 👍 Gordon and Macleod…top minds…Macleod in his recent interview on WTfinance alluded to similar points and predictions!
More on derivatives and collateral pls
This is good shit
If financial market metrics diverge from fundamentals, one explanation could be that with excess liquidity investors may be willing to chase higher multiples. That could create a new normal until the excess liquidity disappears due to some shock.
Be really good to have a conversation with an expert in the global derivatives markets, the bulk of the iceberg that is below the waterline.
This video is a gem! I listen to everything Adam puts out on his channel. This perspective has helped me fit a lot of the pieces together. Thanks.
I hope you didn't listen to the advice given so far as it would have made you going broke for a while!
Superb
@ 38:49 what do you mean by "there's not the buyers coming into the dollars" : Japan does not buy dollars when it buys treasuries ---- Japan exhanges (or sells dollars) dollars for treasuries
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank
300K subs for a nerdy financial channel. That's amazing, guys! Keep the great content flowing!
Comedy channel, not financial. It's only about inviting people predicting imminent doom on equities while it never happens and they all seem to forget about what they had been predicting so far 🙂
@@dapred00 I sympathize with you. But even without the predictions wouldn't you be cautious with a market so overvalued?
This guy is awesome, we need more on derivatives.
Great interview
best guest ever
Fantastic
The stockmarket was going up because the mood was still confident until the end of 2021. That confidence fell away through 2022 until October when it blasted off for the remainder of the year. Since then it has been very choppy and overlapping and, significantly failed to get past the January 2022 peak. I believe that it was an A-B-C correction, albeit a higher than usual one that ended in late July.
Such is the power of the overall confidence that had been growing over the last 90 years that it has taken a while to shake off. We have seen at least eight strong upthrusts since January 2022. Stockmarket players are so sure that each steep downturn will be the bottom and signal the start of a new bull market. The signs of a deterioration in mood are all around though. Political polarization, labour unrest/strikes, US hate towards China and Russia, tightening of lending standards, reluctance to take on more debt, a rise in bankruptcies and the escalation of war in Ukraine all point towards more trouble ahead.
When the “bet” is so huge, and their betting on a much smaller market, the incentive and possibility to manipulate a market is available, the outcome is inevitable. Gambling should be reserved for bookmakers. Financial markets need to be protected for genuine investors.
IT IS NOT A DISCUSSION, IT IS A TALK!
Gordon Long is great!! You should have this level of speakers on more often.... Please bring him back often!!!
Ironically, while Gordon recommends seeking investment advice, he also made a strong case to NOT use a "professional money manager" because it's only a "job" for them, allowing (and even forcing) them to take needless risks with OTHER people's money!!!! I AGREE COMPLETELY! 👏
Last time it was the "Dotcom bust" this time it will be the "AI bust"
Thanks!
Q: How is this a peace-time economy if one considers donations in arms with orders for their replacement?
After having listened to Gordon's insight and analysis, never have I felt more like a piece of financial flotsam tossed about on stormy global seas.
Weall are - ypu are notalone. Now is the time to cleave to family, friends, community. Weare going to need each other to getrhrough 4th turning. Chickens coming home to roost time. Best wishes frpm.the UK
Kinda helps you navigate by the stars in cloudy skies 😉
Best yet, 5 stars
Music to my ears. If you’re long term investor don’t worry about being early. Your asset class will go on a bull run. Don’t need many wins just a few really big wins and if you have to wait so be it. I’ve been in PM since 2021 and been flat but at least it kinda maintained its value. Now waiting for the bull run
This is not an understatement...Gordon Long is the man.
Agree. Sjould be better known.
Thanks
"They can't keep doing this..." I have been hearing this for decades... LOL 😢
Enjoyed the interview. Explained things well in understandable language
UAW is smart. You must ask for more than you want. Look how easily UPS caved to moderate demands.
Trust once lost ends quickly. The markets will seize up once it does.
Forgive me, Adam, but you keep referring to a peacetime economy.
We have been in perpetual war for decades, with a “defense” budget bigger than the next ten countries combined. We may not have bombs falling on our own homes (yet), but history points to that possible outcome.
If BlackRock collapse, what happen to my etf bond ?
I totally agree with the idea of being careful and not trying to get the very last bit of money from the market right now. It's like trying to pick up tiny coins in front of a big, fast-moving machine - not safe!
My first thought was "Oh come on ..." but then there was a great finish.
if inflation persists in Japan, or worsens, does that inflation negatively impacts the Japanese carry trade?