Are We in a Structural Inflationary Period?

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I don't think we're going to revert back to that kind of stagnation period with slow growth and inflation in the one and a half to two and a half percent zone. I mean, this is just such a radically different set of circumstances that we've ever seen. This is not the same Fed that we've been dealing with over the last 20 or 30 years. So really, there's just little question that their number one job at this point is to try to destroy inflation. At least get inflation down to their mythical 2%, or elusive 2%. Which I think they could do briefly,. But I think the big question is, are we in a structural inflationary period? And I think

Rebecca chats with David Hay. Together, they engage in conversation regarding David's market outlook for 2023, the reasons behind his belief in an earnings recession, and various other topics.

David Hay is a longtime investment advisor, where he is currently the Chief Investment Officer at Evergreen Capital. He is also a financial author and recently wrote the book titled: Bubble 3.0: History’s Biggest Financial Bubble.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

04:51 - Why David believes we will have an earnings recession and markets have yet to price this in.

09:55 - How the tremendous amount of government debt that needs to be issued and rolled over could mean interest rates go up in a recession.

13:41 - Why David believes we could see inflation come back.

17:45 - What impact China’s reopening could have on the US economy and the Fed’s goal of achieving a “soft landing”.

23:47 - David’s outlook on energy and why thinks we could see a third year of outperformance.

27:12 - David’s investment thesis behind USO, Shell PLC and CTRA.

40:18 - David’s outlook on the uranium sector and thesis on Sprott Physical Uranium Trust.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out David’s financial writings: Haymaker.
Check out David’s book: Bubble 3.0: History’s Biggest Financial Bubble (audiobook on Awesound) USE DISCOUNT CODE: MINVEST33
Related Episode: Listen to MI231: Bubble 3.0 History’s Biggest Financial Bubble w/ David Hay , or watch the video.

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