This interviewer wants to be seen smarter and knowledgeable than he actually is. One piece of advice: DO NOT interrupt Luke Gromen when he speaks, man (and no, his cues for speaking are not off as he was interviewed for many years).
Listen When you get someone as bright as LG stop interrupting him !! Learn from what he's telling you Follow with your next question based on his answer And know your subject before you start LG ran circles around you and you didn't even understand sufficient to follow through He was amazed at your lack of basic knowledge. Andrew
FFS, this presenter really likes the sound of his own voice. Whatever you're name is, you should try to listen to Luke instead of interrupting him - you might learn something!
Like groman always crushes. The other guy simply just couldn’t comprehend what he was saying in terms of the gold valuation. This is a typical western mindset. When you take gold out of the monetary system for 53 years people just do not understand what’s going on. Great job Luke!
The swooshing sound when you show a chart is extremelyannoying and uynecessary. If someone’s driving, they can’t look at the chart anyway. If they’re watching it in front of the screen, they’re going to see the chart without annoying sound effects.
Host was not rude just pushed back which made a great discussion...nothing wrong with that. Luke isn't a wimp and defended his position. We need more hosts and debates like this.
@@Tequila_Brad He can do whatever he wants and debate is fine I agree. However, jumping in and saying stupid stuff that makes your guest look bad initially and then the host look worse when the guest has to correct you is another is just bad business. This is also my unsolicited feedback.
@@CryptoTradesTechthe guy was a little annoying but the whole world is lowering rates at the same time due to low consumption in unison. Citizens in China are buying gold up since they cannot get their money out of the country. The increase in gold is not based solely on treasuries or BRICS governments. There are a lot of red flags in every country around the world.
I never miss a Luke Gromen interview and am a happy paid subscriber to FFTT- this was the worst interview I've seen because of the interviewer. Luke handled it well.
Picture a see-saw. One side A, other side B. If A is going to rise relative to B, that could be because A is up B is down, or A is flat and B down big, or even A down and B down huge. Now imagine B is the UST mkt. Fed won’t allow it to go down. They might even make it go up some in price. So that means A has to be up HUGE. If both are going up, but A is going up even more than B, that’s inflation. And that’s what we’ve got and it’s what we’re going to continue to have for years. A is every other hard asset and B is UST’s. The only way for the U.S. govt to remain nominally solvent is for this see-saw to remain stuck where A is above B until the economic tax base outgrows the debt.
There are those that understand. There are those that don't understand. There are those that understand but refuse to accept the truth. Finally, some bad actors try to refute the truth, divert, and lead astray.
So this logic assumes a huge parallel shift in terms of US equities- Valuations don’t matter anymore….. this is what Luke is saying - a market trading at inflation adjusted P/e of 30 with historical mean of 16, is at Least 50% overvalued. Buffett indicator over 200% - which is a 100% over normal valuation. Luke seemingly throws that out the window. Unless of course we are talking about a major currency devaluation.
Mr interviewer: you have brought a stick sharpened to a dull point to a gun fight. I give you another piece of advice, don’t get into a fist fight with Mike Tyson
This interviewer did well. Yall trippin. In addition to his pushback making the interviewer better, he also has to manage the time and keep things moving.
No he didn't. I've watched thousands of hours of interviews, no one is that combative for no real reason besides conjecture. His vernacular lets you know he's uninformed. You don't argue with the interviewee
@@bullpups4life189 So you just gonna disregard the facts i said and go straight to name-calling. well gosh game set and match wow what a show of human exemplary. It seems like you're perfect for this UA-cam channel forget I said anything
These days guys get on a show and it's an echo chamber. I like a bit of back and forth to force the guest to defend his opinions. Luke was grilled but held his ground and made good arguments. Although bitcoin is a ponzi scheme going to zero. I think the 10 year rises to 5 and forces the fed to return to QE.
Luke Gromen has major flaw in his argument. High inflation doesn't make stocks to go up on nominal terms. If inflation is a major issue it will affect customer sentiment and therefore stocks will not have high forward P/Es. It is just insanity to argue that.
Inflation makes prices (and profits) goes up nominally and debts value going down …. Might want rethink your view …. If you can’t see it just uses a house with a 30 year mortgage fix at 2%…..and calculate high inflation afterwards on it over 30 years .
@@ssuwandi3240 Nah …. Wages growth currently follows inflation if not higher . High immigration boosting up demands . The value of the dollar going down . Stocks won’t go down due to inflation . But they might for other reasons .
I’m confused as to why a strong dollar means poor bond auctions, wouldn’t a strong dollar mean high rates which means high demand for U.S debt from foreign investors?
well if dollar is strong then all the central banks will send there bond holding to defend there currency... that increases the liquidity which drives the bond price less and yield higher. so in the auctions they have to pay a higher yield else participants can buy the same bond from the market with better yields.
US bonds compete with other bonds /assets on the international markets. If the dollar is high then they are more expensive to buy in terms of other currencies, so foreign investors buy less of them.
Schwab network is so consumed with recency bias which shows you haven’t researched macroeconomics and deficit fiscal spending. This indicates that you are out of touch with the economic out look……. Dude quit trying to one up Luke…..makes you look like you’re attempting to gain your own following other than really helping UA-camrs understand the current situations
Please don't bicker with your guests. Luke is spot on with his assessment. Dollar depreciation until the bubble burst.
Luke brought a machine gun to a knife fight.
This interviewer wants to be seen smarter and knowledgeable than he actually is. One piece of advice: DO NOT interrupt Luke Gromen when he speaks, man (and no, his cues for speaking are not off as he was interviewed for many years).
My God. Where'd they find this host?
Luke just fed this little man a nice warm bottle of milk, tucked him in, and rocked him to sleep. Night night young fella.
This chap constantly interrupts and doesn't understand. I will stick with Luke.
Schooled by Luke. That was embarrassing
Listen
When you get someone as bright as LG
stop interrupting him !!
Learn from what he's telling you
Follow with your next question based on his answer
And know your subject before you start
LG ran circles around you and you didn't even understand sufficient to follow through
He was amazed at your lack of basic knowledge.
Andrew
FFS, this presenter really likes the sound of his own voice. Whatever you're name is, you should try to listen to Luke instead of interrupting him - you might learn something!
Like groman always crushes. The other guy simply just couldn’t comprehend what he was saying in terms of the gold valuation. This is a typical western mindset. When you take gold out of the monetary system for 53 years people just do not understand what’s going on. Great job Luke!
Luke does not ever say there will be a collapse - he says that the marginal buyers are choosing gold and equities over bonds
Terrible host constantly interrupting the guest when he is making the most important points.
The swooshing sound when you show a chart is extremelyannoying and uynecessary. If someone’s driving, they can’t look at the chart anyway. If they’re watching it in front of the screen, they’re going to see the chart without annoying sound effects.
I deleted my comment after I saw how well you put it. 🫡
Host was not rude just pushed back which made a great discussion...nothing wrong with that. Luke isn't a wimp and defended his position. We need more hosts and debates like this.
Agree, this is how you get people to reveal more than they intended to
The host needs to shut his yap and open his ears.
Debate is 100% what is needed in this country. It allows viewers to form their own opinion.
@@Tequila_Brad He can do whatever he wants and debate is fine I agree. However, jumping in and saying stupid stuff that makes your guest look bad initially and then the host look worse when the guest has to correct you is another is just bad business. This is also my unsolicited feedback.
@@CryptoTradesTechthe guy was a little annoying but the whole world is lowering rates at the same time due to low consumption in unison. Citizens in China are buying gold up since they cannot get their money out of the country. The increase in gold is not based solely on treasuries or BRICS governments. There are a lot of red flags in every country around the world.
I never miss a Luke Gromen interview and am a happy paid subscriber to FFTT- this was the worst interview I've seen because of the interviewer. Luke handled it well.
Your host needs let the guests speak not interrupt. If I want to hear repeated interruptions from hosts I will watch CNN, NBC etc. which I don't.
Might want to back off on the sound effects... 😊
Isn’t the interviewer precious… bless his heart!
Kudos to Schwab for having Luke on and airing his views.
Don't, ever, mess with Luke. You'll regret it.
commentator only pretending to be at Luke's level.... putting words in Luke's mouth, etc
Luke was awesome, but the host challenged him which was also good. Great conversation. Lukes right. They are going to try to inflate the debt away.
This channel should find a new interviewer.
Picture a see-saw. One side A, other side B. If A is going to rise relative to B, that could be because A is up B is down, or A is flat and B down big, or even A down and B down huge. Now imagine B is the UST mkt. Fed won’t allow it to go down. They might even make it go up some in price. So that means A has to be up HUGE. If both are going up, but A is going up even more than B, that’s inflation. And that’s what we’ve got and it’s what we’re going to continue to have for years. A is every other hard asset and B is UST’s. The only way for the U.S. govt to remain nominally solvent is for this see-saw to remain stuck where A is above B until the economic tax base outgrows the debt.
Stop butting in and let him finish
This interviewer need to go back to Econ 101 school😂
There are those that understand.
There are those that don't understand.
There are those that understand but refuse to accept the truth.
Finally, some bad actors try to refute the truth, divert, and lead astray.
Stop interrupting Luke… and kill that annoying graphic & swoosh- so annoying. Great guest-Amateur production
So this logic assumes a huge parallel shift in terms of US equities- Valuations don’t matter anymore….. this is what Luke is saying - a market trading at inflation adjusted P/e of 30 with historical mean of 16, is at Least 50% overvalued. Buffett indicator over 200% - which is a 100% over normal valuation. Luke seemingly throws that out the window. Unless of course we are talking about a major currency devaluation.
probably wise to conservatively and gradually accumulate hard assets. if not gold, then find something else.
Silver to gold ratio has trailed 7.24% up mom
You have to shut up and let Luke talk.
This interviewer is a jerk. Did he listen to one answer? What an argumentative goof
Stop interrupting Luke, its annoying
Let me say this again, SLOWLY. Some will line up to buy USTs - until they don't.
Oliver Renick is none too bright.
Mr interviewer: you have brought a stick sharpened to a dull point to a gun fight. I give you another piece of advice, don’t get into a fist fight with Mike Tyson
This interviewer did well. Yall trippin. In addition to his pushback making the interviewer better, he also has to manage the time and keep things moving.
No he didn't. I've watched thousands of hours of interviews, no one is that combative for no real reason besides conjecture. His vernacular lets you know he's uninformed. You don't argue with the interviewee
@@skillz4life360 then youve been watching bullshit softball interviews
@@bullpups4life189 So you just gonna disregard the facts i said and go straight to name-calling. well gosh game set and match wow what a show of human exemplary. It seems like you're perfect for this UA-cam channel forget I said anything
We make adjustments 😊
These days guys get on a show and it's an echo chamber. I like a bit of back and forth to force the guest to defend his opinions.
Luke was grilled but held his ground and made good arguments.
Although bitcoin is a ponzi scheme going to zero.
I think the 10 year rises to 5 and forces the fed to return to QE.
Yes bitcoin is a Ponzi scheme because the dollar is a Ponzi scheme .
Since bitcoin can’t be printed , bitcoin will always go up vs the dollar .
Precious metal guys get touchy when Gromen mentions bitcoin.
Dude.. who-tf is this interviewer 😮 Buy bonds, stay ignorant.
Luke Gromen has major flaw in his argument. High inflation doesn't make stocks to go up on nominal terms. If inflation is a major issue it will affect customer sentiment and therefore stocks will not have high forward P/Es. It is just insanity to argue that.
Inflation makes prices (and profits) goes up nominally and debts value going down ….
Might want rethink your view ….
If you can’t see it just uses a house with a 30 year mortgage fix at 2%…..and calculate high inflation afterwards on it over 30 years .
The Magnificent 7 / AI would be dragging sideways.. so I can somewhat see the OPs points in choppiness
@@ssuwandi3240
Nah ….
Wages growth currently follows inflation if not higher .
High immigration boosting up demands .
The value of the dollar going down .
Stocks won’t go down due to inflation .
But they might for other reasons .
I’m confused as to why a strong dollar means poor bond auctions, wouldn’t a strong dollar mean high rates which means high demand for U.S debt from foreign investors?
well if dollar is strong then all the central banks will send there bond holding to defend there currency... that increases the liquidity which drives the bond price less and yield higher. so in the auctions they have to pay a higher yield else participants can buy the same bond from the market with better yields.
US bonds compete with other bonds /assets on the international markets. If the dollar is high then they are more expensive to buy in terms of other currencies, so foreign investors buy less of them.
It's about the Dollar relativity to the crude gold ratio. Not too sure has to be negative rates
Horrible interviewer. Luke will never be back, and I don't blame him.
This interviewer uses Reddit
Why is this guy who is a nobody in macro being very rude Luke Gromen an expert in macro
Luke..."I am going to say this slowly..."Ha Ha...the host is too arrogant and ignorant to listen.
What an obnoxious interviewer. Unreal.
Wear a tie.
no need
The interviewer is way out of his depth of knowledge. He should shut up, listen and learn.
Luke theist about the bond market is catching on, now the "American Bond patriots" are pushing back.
Please stop that wooshing sound, that is annoying a f. Find another host also and give TD Ameritrade back. Thanks. Oh, and thanks Luke.
Blow up literally doesnt mean anything in terms of macro economic...stop using terms that dont have any explicit meaning
Olie just joined us so brilliant NOT!!
This host too young to have experimented bonds vigilante…
Keep buy those bonds lol ….
Great guest, terrible host.
Your interruptions are annoying 😊
Skip this channel and listen to Luke elsewhere. Interviewer is terrible…
This guy needs to shut the hell up and let his guest speak and not argue with them. I doubt Luke will ever be back if this guy is the host.
Schwab network is so consumed with recency bias which shows you haven’t researched macroeconomics and deficit fiscal spending. This indicates that you are out of touch with the economic out look……. Dude quit trying to one up Luke…..makes you look like you’re attempting to gain your own following other than really helping UA-camrs understand the current situations