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The Acquirers Podcast

Value After Hours S06 E33 Big Short's Vincent Daniel and Porter Collins on Gold, Oil, and Housing

Sep 16, 2024
Vincent Daniel, a financial markets expert, and Porter Collins, an experienced investor, dive deep into market trends. They compare today's economy to the pre-2007 crash, emphasizing cautious optimism. The duo explores investment strategies, focusing on undervalued assets and the significance of gold amid rising U.S. debt. They discuss the shift towards simplified trading mindsets among new investors and reflect on historical figures like Wilberforce and Volcker, highlighting their legacies in economic stability and justice.
01:02:34

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Quick takeaways

  • Current market conditions show less distress compared to 2007, with operational wholesale markets and minimal recession anxiety among investors.
  • Investors are prioritizing idiosyncratic investment opportunities, like those in the cannabis sector, over broader macro-economic themes as they navigate political uncertainties.

Deep dives

Market Conditions Compared to 2007

Current market conditions are notably less concerning than those experienced in 2007, despite a general sentiment of boredom among investors. At that time, significant signs of distress were visible in banking and securitization markets, including high delinquency rates on loans. Presently, the wholesale funded markets remain operational, with tight spreads and ongoing consumer loan activity. Although there is a noted economic slowdown, the level of anxiety associated with a potential recession is not as pronounced, marking a stark contrast to the past.

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