Jim Welsh

Jim Welsh, founder of Macro Tides and seasoned macroeconomic analyst, discusses his predictions for a secular bear market fueled by extreme valuations and weakening consumer sentiment. He reflects on his early warnings from 2007 and critiques the inflation narrative. Welsh emphasizes the difference between market declines and economic recessions, while spotlighting the risks of the yen carry trade unwinding, which could trigger significant selling pressure. He also shares insights on gold's potential pullback and the dollar's surprising resilience.