The Julia La Roche Show

#173 Dave Collum On Why We’re Headed For A 40-Year Bear Market

Jun 4, 2024

Dave Collum shares his grim macro view on financial markets and economics, predicting a potential long-term bear market and discussing the future of the American experiment. He also delves into his remarkable journey to financial success, wise investment decisions, and insights on detecting financial crises. Additionally, the podcast explores market cycles, global alliances, sensitive topics like the Khashoggi murder and election rigging, prepping for catastrophic events, handling controversy and cancel culture, and strategies for YouTube risks and writing.

01:14:51

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Episode guests

Dave Collum

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Quick takeaways

Dave Collum's unique journey from organic chemistry to finance highlights the diverse paths to success in investing.

Understanding the intricate interplay between interest rates, market trends, and geopolitics is crucial for navigating volatile dynamics.

Preparing for uncertainties by stocking essential supplies and diversifying investment portfolios with assets like gold can mitigate risks during challenging times.

Deep dives

Dave's Perspective on the Market Trends and History

Dave Column presents a detailed account of how his background in organic chemistry led him into the world of finance and investing. Reflecting on historical market trends, he discusses strategies from the '40s to present-day residuals, outlining his successes through the dot-com bubble and his predictions for potential current market shifts.

Tribal Nature of Society

00:24

Expensive Markets Always Fall Eventually

00:28

Lack of Trust in the Election Outcome

00:34

Introduction

2min

A Remarkable Journey to Financial Success and Investment Wisdom

28min

Navigating Market Cycles and Global Alliances

7min

Discussion on Khashoggi, U.S. Military, and Election Rigging

5min

Preparing for Catastrophic Events and Financial Security

11min

Navigating Controversy and Cancel Culture

20min

Exploring YouTube risks, annual reviews, and writing strategies

3min

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

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The Julia La Roche Show

#173 Dave Collum On Why We’re Headed For A 40-Year Bear Market

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Dave's Perspective on the Market Trends and History

Challenges in Market Forecasting and Economic Predictions

Concerns over Geopolitics and Societal Impact

Defending Against Uncertain Times

Navigating Investment Strategies

Tribal Nature of Society

Expensive Markets Always Fall Eventually

Lack of Trust in the Election Outcome

Remember Everything You Learn from Podcasts