Dave Collum, Professor of organic chemistry at Cornell University and Zero Hedge Contributor, joins The Julia La Roche to share his views on the economy and markets. In this episode, Professor Collum makes a case that the market today looks “more insane than the dot-com bubble” and why we could be headed for a 40-year bear market.
Links:
Twitter/X: https://x.com/DavidBCollum
Year-end review: https://peakprosperity.com/dave-collums-2023-year-in-review-down-some-dark-rabbit-holes/
Timestamps:
0:00 Intro and welcome Dave Collum
1:18 Lessons in chemistry
7:00 Investing — bonds, equities, gold
9:10 Gold
14:47 Elizabeth Warren
17:15 Financial crisis
20:13 Case for a 40-year bear market
21:30 Macro view — about to start a serious downturn and we’ve had no pain
29:30 Demographics
30:58 Tailwinds
33:20 BRICs
36:40 Election
42:02 How do you prepare for this macro environment + bear market thesis + end of American experiment
45:00 Prepper
47:19 Bitcoin
49:08 Performance this year — ‘an old man’s portfolio’
51:23 Not your typical Ivy League professor + campus culture today as someone who is “Trump tolerant” + cancel culture
1:04:37 Optimism
1:11:58 Closing
