Bloor Street Capital | Jimmy Connor Growing and Protecting My Wealth
S&P Will Fall 30% | Julian Brigden & Jimmy Connor
May 10, 2025
Julian Brigden, co-founder of MI2 Partners, brings his macroeconomic expertise to discuss pressing financial trends. The conversation navigates the troubling dynamics for consumers as major companies report declining sales while the wealthy continue to spend. They delve into Warren Buffett’s views on economic warfare and the potential 30% drop in the S&P 500, alongside ongoing labor market challenges. The duo also explores future market expectations, including the impact of changing demographics on bonds and the Federal Reserve’s balancing act.
48:47
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Concerns about the U.S. dollar's decline stem from excessive money printing and fiscal deficits, risking reduced foreign investment.
- Speculative investing behavior among retail investors, driven by a 'buy the dip' mentality, threatens financial stability amid economic uncertainties.
Deep dives
Concerns Over the U.S. Dollar and its Implications
The discussion highlights significant concerns regarding the future of the U.S. dollar, particularly in light of excessive money printing and fiscal deficits. Factors contributing to this concern include the desire to lower the dollar's value to improve the current account deficit, which could lead to reduced foreign investment in U.S. assets. Historical contexts such as the Nixon shock and the Plaza Accord illustrate that previous administrations have similarly influenced the dollar's value through economic policies. The potential decline in the dollar could have profound implications for investors, especially if they remain complacent about hedging against currency fluctuations.
