The Acquirers Podcast David Collum on gold, inflation, the Fed, rates, valuation, Shiller PE, deficits, platinum | S07 E22
Jun 26, 2025
David Collum, an organic chemistry professor and FinTwit personality, dives into the current financial landscape with sharp insights. He discusses alarming market overvaluations and critiques Bitcoin as a treasury strategy compared to gold. Collum emphasizes the risks of rising interest rates on stocks and real estate, while highlighting potential economic collapse between 2026 and 2046. He also examines the fragility within the banking sector, particularly regional banks, and shares his thoughts on the Federal Reserve’s monetary policies.
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Markets Overvalued and Unresponsive
- Markets are profoundly overvalued and unresponsive to events.
- A violent market correction is inevitable as valuations return to equilibrium.
Case-Shiller PE Shows Overvaluation
- The Case-Shiller PE shows markets are 200% over historical average valuation.
- Inflation doesn't solve overvaluation because both price and earnings inflate.
Profit Margins Mean Revert
- Profit margins are among the most mean reverting metrics in markets.
- Market moats can be disrupted by new technologies, enforcing mean reversion.