AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Thoughtful Money with Adam Taggart
What If A Coming Recession & Bear Market Are The LEAST Of Our Worries? | John Rubino
Jul 16, 2024
Guest John Rubino discusses the dangers of mounting debt in the US and other G7 nations, questioning the potential catastrophic consequences. Topics include the risks of a global economic experiment, shorting stocks, commodity investments, investment strategies in the mining industry, and the importance of seeking financial advice and avoiding overconfidence.
01:34:33
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Excessive debt accumulation historically leads to currency devaluation and economic turmoil.
- Recessions act as a necessary economic reset by cleaning out malinvestments.
Deep dives
Economic Downturn Predicted in the Coming Year
An economic contraction is forecasted due to slowing consumer spending, slowing housing market activity, and potential equities bear market, possibly every 10 years. The excess savings accumulated during the pandemic have been spent, leading to rising personal debts and reduced consumer spending. Commercial real estate is facing challenges with plunging values, leading to potential banking crises, while soaring house prices and mortgage rates hinder average individual home purchases.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode