PodCasts Archives - McAlvany Weekly Commentary
Invest In Scarcity, Avoid The Overproduced
Nov 22, 2023
The podcast discusses the importance of investing in scarcity, highlighting examples of overproduction. It questions the accuracy of the CPI number and its impact on healthcare. The concern over the lack of diversification in portfolios is explored, with gold suggested as a safe haven asset. The dangers of data control and the need for individual freedom are discussed. The relationship between inflation and the CPI number is examined, cautioning against assuming victory over inflation based on temporary dips.
45:05
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Quick takeaways
- Tax receipts indicate a possible recession despite a strong labor force and rising incomes.
- Market preference for volatility and portfolio gains over data accuracy is evident from positive reactions to fabricated CPI figures.
Deep dives
Declining Tax Receipts and Potential Recession
Tax receipts have been declining by 8-9% in 2023, indicating a possible recession. This is puzzling considering the strong labor force and rising incomes. The decline in tax receipts supports the belief that a recession is likely.
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