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2023 Could Be As Bad as 2008~ Jonathon Davis

Jonathan Davis: 2023 Could be as Bad as 2008

Palisades Gold Radio:  5-6-2023

Tom welcomes Economist and Wealth Advisor Jonathan Davis back to the show.

Jonathan believes we could be repeating the 2008 banking crisis. Central bankers make incorrect statements about the future and have their own agendas often connected to politics.

The Fed is surrounded by incapable academics and often behind the curve. Real estate mortgages will have to be reset at higher rates, and unemployment is likely to rise.

 Interest rates and inflation don't always work together, and there's little value in bonds for long-term investors.

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Commodities are in a state of collapse, and manufacturing is in contraction globally. China has a large debt and had to implement harsh lockdowns.

Western countries are still closing nuclear plants while Japan and China are opening new reactors.

The next major risk-off event could be soon and gold will rebound when it happens.

He advises investing in funds for specific asset classes rather than individual stocks.

Time Stamp References:

 0:00 - Introduction

0:40 - History Repeating?

3:30 - Data Dependent

6:14 - Inflation Ahead?

9:00 - Rates & Charts

14:07 - Long-Term Treasuries?

15:43 - Bias, Fed & Complacency

18:17 - Equities Sell Off & Gold

21:49 - Commodity Crash & China

25:52 - Gold & Heart Conditions

29:13 - U.K Mid Caps & DXY

34:05 - Lagging Miners?

35:52 - Uranium Thoughts

40:45 - Best Markets for Metals

42:46 - Overall Recovery Themes

50:40 - Historic Dow Chart

53:14 - Strategies & Funds

56:25 - Wrap Up

Talking Points From This Episode

- The 2008 banking crisis seems to be repeating.

 - Commodities are in a collapse along with global manufacturing.

- Focus on investing with funds for specific asset classes rather than picking individual stocks.

https://www.youtube.com/watch?v=V8pTqqySoOI

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