Thoughtful Money with Adam Taggart

Jim Grant, founder of Grant's Interest Rate Observer and a leading authority on interest rates, joins Mike Preston and John Lodera from New Harbor Financial. They discuss the end of a four-decade bond bull market amid persistent inflation and disruptive U.S. policies. Grant emphasizes that higher interest rates are likely here to stay, while exploring the risks tied to U.S. public finances and auction failures. The trio also examines the appeal of gold versus bonds and how to navigate the evolving investment landscape during uncertain economic times.

Lance Roberts, a portfolio manager renowned for his market insights, joins to discuss the current bullish sentiment among investors. He warns of potential volatility this year, drawing parallels to the 2021 market correction. The conversation unpacks the risks of excessive leverage and the need for prudent risk management strategies. They also delve into recent inflation data and the impact of economic policies on market expectations, urging listeners to adopt a cautious and proactive approach to their investment portfolios.

Nouriel Roubini, a prominent economist known for predicting the 2008 financial crisis, joins the discussion with insights on potential 8% interest rates by 2030 and alarming predictions of 80% unemployment by 2045. He explores the implications of geopolitical tensions on U.S. economic stability, the contrasting K-shaped recovery, and the impact of automation on job markets. Roubini also dives into investment strategies amidst rising inflation, cautioning against the volatility of cryptocurrencies while advocating for safer asset classes.

Michael Kantrowitz, Chief Investment Strategist at Piper Sandler, discusses his innovative HOPE framework, assessing economic health amid challenges like housing unaffordability and trade wars. He highlights complexities in the global economy and the impact of Federal Reserve policies on market volatility. Kantrowitz examines trends in housing, emphasizing regional disparities and the rising use of home equity loans. The conversation also navigates the relationship between macroeconomic indicators and stock performance, advocating for cautious investment strategies as 2025 approaches.

Housing expert Melody Wright provides a compelling analysis of the US housing market, predicting a 9% decline in home prices this year. She discusses late 2023 trends, emphasizing regional shifts in areas like Richmond and Washington, D.C. Melody critiques existing housing narratives, suggesting a surplus of inventory rather than a shortage. She highlights the implications of demographic changes, economic factors, and the importance of informed decision-making for homebuyers. Listeners gain valuable insights into navigating this shifting landscape.

In this discussion, market analyst Gordon Long from MATASII breaks down the unsettling realities of the Fourth Turning, a societal cycle reshaping our power structures. He emphasizes the challenges investors face amid potential debt crises and market volatility. Long explores the implications of excessive corporate debt and stock buybacks, stressing the importance of adaptable investment strategies. Listeners gain insights into navigating economic shifts, bond investment strategies, and the impact of private equity on market dynamics, ensuring they're equipped for future uncertainties.

In this insightful discussion, portfolio manager Michael Lebowitz unpacks the current market's excessive optimism, likening it to 'irrational exuberance.' He shares his thoughts on the bond market and the mixed signals in job data, revealing the disconnect between bullish statistics and real-world challenges like layoffs. The potential risks posed by single-stock ETFs and the evolving role of ETFs in speculation are examined. Lebowitz emphasizes the importance of self-awareness and strategic planning for investors navigating today's complexity.

Lyn Alden, a renowned analyst known for her insights into fiscal deficits, joins the discussion to dissect the implications of ongoing government spending. She argues that current fiscal deficits are here to stay, shaping economic growth and asset prices, including gold and Bitcoin. Alden explores the interactions between increased liquidity and market volatility, offering strategies for investors to navigate potential downturns. She also delves into how fiscal policies could affect Bitcoin's performance and the speculative nature of a U.S. sovereign wealth fund on various asset classes.

Join John Lodra and Mike Preston from New Harbor Financial as they navigate the stormy waters of market volatility under President Trump's administration. They discuss how political changes, like tariffs and military actions, affect investor sentiment. The conversation shifts to strategic tactics for portfolio de-risking and highlights gold as a hedge against inflation. Plus, they dissect the impact of technology stocks, emphasizing the need for self-education and emotional support in investing during uncertain times.

In this captivating discussion, Thomas Hoenig, former CEO of the Kansas City Fed and seasoned monetary policy expert, shares insights on the Federal Reserve's evolving role under a new presidential administration. He delves into the tensions between political pressures and the Fed's independence, while exploring the implications of low interest rates on inflation and trade deficits. Hoenig critiques past monetary policies, emphasizing the risks of wealth inequality and national debt, and advocates for a balanced fiscal strategy amid economic uncertainties.