Wealthion - Be Financially Resilient

Marko Papic: The U.S. Gravy Train Is Ending — Cut Your U.S. Exposure in Half?!

20 snips
Jul 2, 2025
Guest
Jonathan Wellum
Guest
Marko Papic
Marko Papic, Chief Strategist at BCA Research, highlights that the era of U.S. economic dominance is fading, urging listeners to reduce U.S. exposure. He critiques post-pandemic spending as unsustainable, predicting a lower dollar and stronger global markets ahead. Discussing tariffs as mere negotiation tactics, he emphasizes gold and crypto for preserving cash. Jonathan Wellum from Rocklinc Partners then shares insights on investing in tangible assets like uranium, stressing the need for a resilient portfolio amid economic volatility.
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INSIGHT

Big Bill's Minimal Market Impact

  • The Big Beautiful Bill mostly maintains current tax levels rather than increasing them.
  • This results in a modest deficit increase, which means the market impact should be minimal, including on bond yields.
INSIGHT

Fiscal Populism's Market Effect

  • Fiscal populism remains popular, and President Trump's 2024 platform did not emphasize fiscal conservatism.
  • Bond yields have already reacted negatively to Trump’s campaign proposals, but the current bill is less profligate, restraining yields.
INSIGHT

Austerity Stimulates Economy Today

  • Stimulating the economy now requires austerity, not more fiscal spending.
  • Lower borrowing costs come through prudent fiscal policy that reduces long-term rates, not Fed short-term rate cuts.
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