Value investor Brian Hirschmann, managing partner of hedge fund Hirschmann Capital, makes his debut on episode 152 of The Julia La Roche Show.
In this episode, Hirschmann argues that we're currently in the most dangerous time in financial history and that three bubbles—stocks, real estate, and global bonds—could all burst.
Hirschmann also makes the case that we'll likely see more persistent inflation in the future, given the massive deficits and debt burden. He argues that the price of gold could soar to $7,000.
For investments, he favors gold miners and exposure to international equities.
Links: https://www.hcapital.llc/
00:00 Introduction and Macro View of the Economy
00:43 Dangerous Time in US Financial History
03:08 Consequences of Crisis Suppression Policy
04:35 US Equity and Real Estate Bubbles
06:27 Government Debt Problem
08:20 Global Government Debt Crisis
09:47 Government Debt Crisis and Private Sector Recession
11:03 Gold's Performance and Market Environment
13:13 Factors Affecting Gold's Valuation
19:36 Fed Policy and Fiscal Dominance
23:39 Impact of Fiscal Dominance on Gold
27:26 Investing in Gold Mining Companies
31:53 Impact of Bubbles Bursting
35:36 Potential Impacts of Recession
40:10 Likelihood of Recession
44:21 Closing Remarks
#128: Felix Zulauf: 'Hell Will Break Loose' — The Next Big Crisis In Late 2020s Will Be A Shocker
#127 Grant Williams: Get Rid Of Certainty — Be Prepared For A Recession And A Soft Landing
#126 Liz Ann Sonders On The 2024 Market Outlook, A Different Investing Environment, And Why You Can’t Rule Out A Recession
#125 Jason Calacanis On American Society And Getting Past The Victim Mentality, Friendship With Elon Musk And Owning The First Tesla Model S, The All-In Podcast And Leaving Millions On The Table
#124 Michael Howell: Rising Liquidity, Monetary Inflation, And Why Gold Could Surge To $3,000
#123 Cullen Roche On Inflation, Why The Fed Won't Cut Rates Soon, And Is The S&P 500 Broken?
#122 Charles Payne On The Bifurcated Economy, Being An Unbreakable Investor, And The Roaring 2020s
#121 Raoul Pal: Get Ready For ‘Macro Summer’ — Falling Rates, Falling Inflation, And Growth Picking Up
#120 Dr. Gary Shilling On Recession Risk, Inflation, Rate Cuts, And Bonds
#119 Michael Kao: The Four Horsemen Of Economic Resilience, And Why We Haven't Seen A Hard Landing (Yet)
#118 Jim Rogers: A Recession Is Not Here Today, But I Can See It Coming
#117 Ted Oakley On Staying Rich With A Balanced Portfolio
#116 Lyn Alden On Broken Money, Higher Inflation, Gold, And Bitcoin
#115 Dr. Lacy Hunt On The Impending Recession
#114 Bob Elliott On Why It's Time For A 10% Gold Allocation
#113 Jim Rickards On What The Israel-Hamas War Could Mean For The Global Economy
#112 Darius Dale: Why We Could Have A Worse Recession Than Investors Anticipate
#111 David Hay: The Odds Of A Recession Are Going Up, Not Down, With Each Passing Day
#110 Marc Chandler: The Dollar's Rally Is, If It's Not Over Yet, It's Nearly Over
#109 Danielle DiMartino Booth: 'It’s Clear That The U.S. Economy Is In A Recession If It Wasn't For Everything That Uncle Sam Is Either Spending Or Fudging'
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