'A Recession Is Inevitable' | Peter Boockvar
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- Опубликовано: 4 июл 2024
- Peter Boockvar discusses the inevitability of a recession and essential strategies to protect your wealth.
In this episode of Wealthion, host James Connor speaks with Peter Boockvar, Chief Investment Officer of Bleakly Financial Group and editor of The Boock Report. Boockvar provides a deep dive into the economic landscape, highlighting the inevitability of a recession, the potential for a massive market correction, and shocking insights on inflation.
TIMESTAMPS:
00:00 - Introduction
01:36 - Discussion on Q1 GDP and consumer behavior
04:40 - Disparity in consumer spending and economic conditions
06:52 - Expected Q2 GDP and economic predictions
09:08 - Discussion on Core Durable Goods
09:25 - Inflation and its impact
13:04 - Concerns about oil prices and economic implications
14:54 - Fed rate cuts and economic predictions
16:59 - Stock market performance and AI-related stocks
21:25 - Views on generative AI and market returns
22:13 - Asset allocation recommendations
24:21 - Commodity investments and their rationale
26:15 - Conclusion
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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.
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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.
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#podcast #economy #thefed #interestrates #investing 
Развлечения
The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.
if you want to hold on to cash, put it in a safe deposit box, if you want assets, buy things people need in a shtf society, food, ammo, wood, water filters, tools, have a skill at building and fixing
IMO, when we go into recession, tech will do poorly as a sector considering what's going on in the world, while defense stocks should be doing good, but always do your own research, or speak to a valid advisor before investing your money
Agreed, I've always delegated my excesses to a pro, ever since suffering portfolio steep-down amid covid-19 outbreak. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.
@@EShepard- incredible outcome! how can I vet this professional guiding you pleas? definitely would love to end the year well, but also concerned who I let handle growing my finance
Katherine Nance Dietz is the licensed advisor I use. Just google the name. You’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Peter is an educated man. He doesn't butcher the English language. He has a grasp of subject-verb agreement.
I’m 53 hoping to end the rat race by 60 with above $100M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.
i'm blown away! more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one... they all seem to be involved in either real estate, stocks, or crypto
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Relax...everything is relative
Great podcast, very insightful. What is the view on cash? Between 2022 and 2023, cash and short-term fixed income securities ruled the period given higher competitive returns. Appreciate the view on this security type. Thanks
The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sandy Barclays , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Sandy Barclays program is widely available online..
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Sandy Barclays’s understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. Her siignals are top notch..
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, she was able to scale this quickly to $150,000.
According to some experts, the United States and other regions of Europe may have a recession in 2023. Because China and emerging countries frequently grow faster than more developed economies, a global recession, which is defined as a decline in annual global per capita GDP, is more uncommon. Fundamentally, if economic growth lags behind population growth, the global economy is said to be in a recession.
My primary issue right now is how to increase revenue during these tough times. I can't afford to see my savings disappear into thin air.
Very true! Due to my financial advisor's discovery of defensive tactics that make portfolios less susceptible to market downturns, I was able to increase my investment from $430K to over a million dollars throughout this bear market.
Who is this advisor you work with? I only started a few months ago, I'm aiming for the long term, and I'm still trying to understand it.
Her name is Sharon Ann Meny can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Hi! Out of curiosity, I looked up some fascinating numbers and certifications she had. Thanks.
So sad. 100k plus but struggling
Bidenomics
Reduce your spending, stop the YOLO life style
Your not managing your salary properly
@@fkrr5
Really, you cannot make it on $100k? LoL!!!
Maybe NY or some other metro area, but no one should have issues outside of the cities with a $100k/year income unless they are horrible with their money.
@@ericmcginnis7576what lol?! $100k is basic income now
Look I think rate cuts are ready but inflation is still too high.
In the 70s unemployment was very high but they kept rates up to counteract inflation.
I am convinced this is now like the 70s and not the great depression or Japan 2.0...
Tom Lee just increased his s&p year end target to 5800, what is he seeing that the bears are missing😮?
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
Litecoin is pretty much dead. It's a zombie coin like DASH and ADA. BTC is gold and ETH is silver
@@fkrr5 Litecoin is a decentralized second oldest, only after bitcoin, coin on the market since 2011, and has never so far been compromised. But ether is not silver but a security since it switched from PoW to PoS.
It’s more than.50 cents
Gas prices will come down after Trump get elected.
Peter!
I report the comment spam.
Join me in my quixotic quest.