Economic Crisis "Much Worse than 2008" Imminent with Henrik Zeberg
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- Опубліковано 17 чер 2024
- Interview recorded - 4th of June, 2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back Henrik Zeberg.
During our conversation we spoke about Henrik's current thoughts on markets, why bull market could extend to September, what this means for his portfolio, risk of an economic crisis "much worse than 2008" and more. I hope you enjoy!
0:00 - Introduction
0:54 - Current thoughts about markets?
2:30 - What has changed outlook?
5:20 - Prolonged bull market?
8:17 - Key economic indicators?
12:31 - Similar to end of 2022?
16:17 - Repeat of 2008?
21:27 - Exposure to high beta
24:18 - Crypto price targets?
24:33 - meme stock trend
28:05 - Position after top?
30:14 - Thoughts on precious metals?
32:58 - What happens after crash?
37:30 - One message to takeaway from our conversation?
Henrik Zeberg is a Macroeconomist (M.Sc. Econ) from the University of Copenhagen. He is a Business Cycles student, Elliott Wave practitioner, and Chartist. You can find out more about his newsletter on his Website.
Henrik Zeberg -
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Henrik called better than I and many hats off. I would not ignore this man.
Agreed, he has been one of the few that have been right so far. Thanks for watching!
Everyone thinks they will get out in a few months before the crash, yet Berkshire is out now
Berkshire has been out for ages, even though they have been selling a lot of Apple recently. What do you think?
Warren Buffet isn’t some millennial born yesterday fresh out his diapers buying the dip as a lot of these crypto bros screaming lambo and GameStop which by the way even admits there is no justification in the valuation of the stock price but don’t mind as he dumps on the dummies who buy into the ponzi like structure existing in the Dow and S&P like the regulators like in 2008 doesn’t show up until they clean up the bags of worthless poo that ultimately the taxpayers pickup the tab
Berkshire been out for years, means nothing, same as when billionaire sells his stake in some stock and it continues to go up for decades later. Ackman sold Netflix and never got back in, look where stock is now, it means nothing.
Everything will happen after election or due to higher oil prices with escalating tensions between Russia and US or Israel and Iran
This argument is so rationale. I don’t understand how ppl think we can borrow our way to prosperity with no consequences
I'm in a hole....so I dig another one to bury the first hole.
Because that’s how a debt base monetary system works….inflation and debt is inherit and needs to grow in order for the system to function. Deflation may be the answer but that’s not what they want….
A lot of people are from immigrant parents or immigrants themselves. Idt there is a lot of good education in that strata of the USA. Too many liberal leftist studies. No math, science or reading( analytical thinking too). People are not that smart.
I am reading the book “the rise and fall of great powers” and excessive borrowing is a major reason for losing world power status. Thanks for watching!
I'll digress from Zeberg. Henrik is looking at the macro indicators. If one looks at the micro indicators, then the U.S. has been in a rolling recession since 2022 Q2. Federal govt deficit spending of $1.3T in 2022 and $1.7T in 2023 is hiding the 2022-2025 recession in plain sight.
I don't know, these guys have made tons of sense for a very long time and yet nothing notable surfaces on the headline numbers nor the markets. Why all know why, the government keeps spending the problem away (hollowing out the middle class in the process). But, at this point, what can make someone believe that they can't just keep that printing game going indefinitely?
Does seem as if the large deficit has helped the economy stay stronger than otherwise. Also think that centralisation of earnings among a few companies is skewing data. Will be interesting if the trend continues in the current direction. Thanks for watching!
@@jorge1170xyz lol
Thanks for pointing out what a great job Biden is doing. Trump set the new records for budget deficits at 3.1 trillion in 2020 and then passed on 2.8 trillion for 21 passed in 20.
Thanks for pointing out what a great job Biden is doing. Trump set the new records for budget deficits at 3.1 trillion in 2020 and then passed on 2.8 trillion for 21 passed in 20.
One of my favorite Red Wings of all time!
Glad to see he has found success in another field.
Great interview. I’ve been following Henrik for over a year now. He’s got a tremendous amount of rationale and logic to his thesis. Like he says “think”! His track record has been spot on ever since I started following him. 👏👏👏
when did you start following him
He has copied Dave Hunter’s forecast and will block anyone from saying that. Why are you wasting your time with this phony guy??
Agreed, he has been on the money the past few years (a lot of time against consensus). Thanks for watching!
I hope to ask if you can help us understand what will happen after June 9 2024 when the 50-years PetroDollar Agreement expires between Saudi Arabia and the US? Is the mighty powerful USD currency a concern when Saudi Arabia decides not to renew the PetroDollar agreement? Can US still print money as usual from their 50-years of printing money? Please host a panel of experts to discuss the ending of the 50-years PetroDollar Agreement to global citizens? Thank you.
Can you see the Saudis changing to any other currency, especially when they still need US Weapons to fight off Iran? Think too many transactions are intertwined with US dollar currently. Thanks for watching!
Great guest and fantastic discussion. Thanks
Henrik is great. Thank you very much, appreciate the support.
Henrik is the best! Sage advice.
Nice job brother! Good guests!
Thanks so much, appreciate the support!
Really enjoyed this guest. He talks truth and reality in my opinion.
Agreed, Henrik has been one of the few who have predicted the recent bull market correctly. Let’s see if this continues! Thanks for watching.
Very interesting and informative. Thank you
great guest and host, great interview
Henrik is the man!
Great interview, thanks.
Thanks so much, appreciate the support!
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Thanks for watching again Frank, appreciate it!
I have no idea if he is going to be correct or not but I like a man with a strong opinion:)
Let’s see, he has had a pretty good track record recently. Thanks for watching!
❤debt market, will be the Big TELL.
Mmri,
mannarino market indictor❤.
Gyrations in DEBT MARKET❤
Watch this space, Mannarino will be on the podcast end of the month. Thanks for watching!
Regards from Greece!
Thank you
Great work thank you
Thank you very much, appreciate the support!
Imma follow Henrick to the promised land for sure.
He’s been right recently, so let’s see if that continues! Thanks for watching
Thank you for the sobering analysis. This storm has been on the horizon for quite a while. It doesn't go away, it just rises higher and higher.
I agree with everything but what if the decline starts without the classic blow-off top? Bc a lot of ppl are expecting it that way, it won't happen.
May be 1 more difference this time is the nature of the top - instead of vertical price movement we get long time spent horizontally at top n markets stay stretched. Instead of a spike we get extra time spent in limbo at the top.
Do you think the federal reserve, treasury, sec, …. are taking covert actions that are propping up the financial system at the expense of the real economy? Do you think those actions will escalate or deescalate?
Henrik is the man…another great interview from WTF!!
I’m still waiting for $1,200 gold from his prediction 😂
@@sambosok9 Of course he is right.When people need money they sell gold. Gold is liquidity. Could be 1200$, could be 2000$, who knows.
@@sambosok9 muppet 'au' permabear perfect market timers hairy dent protege?
lol this dude is out of his mind
He definitely is the man! Thanks for watching, appreciate the support.
Great episode. Liked, subscribed and commented to help the channel.
Thanks! Very informative. I agree with most of his thesis.
Thank you for watching, appreciate it!
why the fake background of the guest
Thank you Anthony
Thank you very much for watching, appreciate the support!
Pitch Fork manufactures will boom...thanks for the tip😂
😂 not financial advice… thanks for watching!
For those in the U.S.A. much higher debt, a continued loss of manufacturing, very high crime, homeless people every where, government corruption is pathetic, etc .
All we do now is print up money, and that is going to come to an end. The U.S. has abused its world reserve currency status, and the rest of the world is tired of our crap and the way we export our inflation.
Don’t know if you’ve noticed, over the years, but recessions are now global. Government corruption is global.
Amazing to think the country still has the cleanest shirt! Thanks for watching.
@@WTFinancepodcast But dirty nonetheless and most don’t realize just how dirty, but they will .. just like in 2008.
Take your entire portfolio 3x short then. See how it does.
Doing great Anthony- keep going
Thanks so much, appreciate the support!
One more big move (blow off time) will be there..
“Everything will fall apart worse than 2008 but I’m still bullish for 5 years from here.”
The same narrative since 2022
What do you think will happen? Thanks for watching!
lol everyone uses that fake background with the piano.
For sure this one will be bigger than 1987 this time all the banks are involved
It does seem like continuing globalisation means everyone is intertwined. Let’s see if they can find a way to wriggle themselves out of this one! Thanks for watching.
HELLO!
The writing is on the wall..
Brics, the loss of the dollar in China, the rest of the world sensing the fall-
The war in Ukraine, the endless wars of the USA, the hundreds of billions WASTED on Ukraine weapons, the drugs pouring into the US, the DEBT to the tune of 34 TRILLION dollars, to the moral decline of everyday citizens, to the lack of work ethic will all meet in the near future at the same exact time major environmental, and temperature conditions worsen-
I don't think anyone really understands just how bad things are about to get-
And it will be absolutely perfect in its demise.
Sow to the wind, reap the whirlwind.....
How do you call a recession or financial event to happen in March when the federal reserve is still unloading the reverse repo until at least July? That means liquidity is flowing into the market still. That means markets go up.❤ the show! Keep up the great work
Does anybody knows Henriks long time , 4-10 years forecast on Bitcoin? When he said that gold will go down in the bust, but when the fed really step in, gold silver platinum will go up, maybe bitcoin will go up there too.
Next Cycle Low for Teansports --- June 17th-20th --28th...will be looking to put $$$ to work for Next Leg Up
Inagree in same camp
right right but prob we make it 2028-2032 it happens
Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.
Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.
Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $372K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.
@@BernardFrederick-tk7un Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.
I won't pretend to know everything, though. Her name is Sharon Ann Meny but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
KleptoCoins are the Tulip Mania...DogeCoin 16Billion value...
Govts like Crypto 👍 -new Revenue Source...
Jag kan verkligen säga att jag minns 2008 - 2013 det var en tuff tid. Men nu kör jag åt världens största logistik företag. Dhl. Så jag känner mig ganska trygg. Vår totala skuld i vår familj är ca 100k dollar. Fatta alla de som har det dubbla eller mer. Jisses Amalia.
everyone is saying "just sell later this year". guess we are just gonna see that consensus is always wrong again.
What are your thoughts on what we could see?
He's been spot on. Look at all of the thumbnails he's been featured in a year ago and what he predicted. Spot on.
He did predict a 6100 on S&P 500 by Mid 2024 on Jimmy Connor's show 6 months ago... which is now looking like at least 10% too high. But the general call of blowoff top seems right. Give him a **B** grade as a prognosticator, which is better than most.
@@deseosuho I really don't hold to dates, but I think his 6100 target is going to play out
☝👍💐
We’re not in a bull market regardless of what he thinks, it’s still bearish
yes Henrik 😍, no mention of the added burden of black swans waiting in the wings? .....it's going to be a nightmare 😮💨
No one can predict the future.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
No doom when everyone dooming, worried and concerned, never happened in history, at least not in my 30 years of trading markets.
People have been predicting a recession for the last 4 years.
Why four years? My guess is, after looking at the 48 recessions we have had 1 economic expansions that lasted 10 years without a recession that ended in 2001. So people guessed we’d have another after the 2008 collapse after it ended in mid 2009. But if you take all the extra debt thats been created since 2008 to keep kicking the can down the road, we’ve been in a recession/depression since 2008.
Yes finally someone gets it!
We are like 5 times more over leveraged than 2008.
Many countries like canada and australia didnt take the hit they should have then. They will get hit next
I don’t think you should hold no Gold, that’s super risky. I’ve sold 25% but no way on this planet am I holding none.
Gold has lead this time because this time is different, this is end times and CB’s have been the buyers
Other than that, I agreed with everything else he said.
ITR ECONOMICS Doesn't see DEPRESSION until 2030's-- >
Henriks green screen background going all fuzzy
Not a real shot of where he is / probably in a mobile home lol
or a tent
Or even on the sidewalk/pavement
or even a mudhut in the middle of the desert, preparing for the full economic collapse....
Seen this guy in Vancouver lives in a van
I'm in tears 🤣
This will turn on a dime and the fact that everyone keeps saying the bull will continue is the classic top. Layer on the very long list of bad macro you would have to question why anyone would be long right now. There are alternatives now😂
2k gold retest
It looks on the cards
Recession began Dec. 2023 🎉
Thus guys been so wrong for so long
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
believe it or not, there are woke people out there thinking the economy is in good health
Life is just fine for a big chunk of the population. Mostly government workers who keep getting giant cost of living increases and think their pensions are safe.
Nah....they will just redefine a recession....orwell economics
But will I be able to buy a damn house?
Depends where? I imagine if the markets blow up, prices should go down (hopefully we don’t lose our jobs!) thanks for watching.
Isn't this the guy that plagiarized David Hunter?
Most dramatic title least content - pure talknical
6100, what a quack
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
😂😂😂😂
Thanks for watching! Do you agree with Henrik?
The host looks better now . Those cosmetic surgeries did wonders !
No fixing this face! Thanks for watching , appreciate the support.
He is just wrong. People are not viewing the markets as how the economy is doing. There was a survey just done that literally 50% of all people surveyed thought the market were down severely on the year so he is just throwing assumptions as stats out there that just aren’t right.
henrik intelligent and hot, bonus 😆
Henrik is just saying verbatim everything David Hunter has been saying for years. If you want to find the OG of this perspective, listen to David.
is this the guy that stole David Hunter's forecast?
Seems to have jumped onto the same predictions, do you agree with it? Thanks for watching
People have been loosing jobs and pensions for as long as i can remember, why a "Monetary Reset" now??? Did Janet Yellon tell you to sat that??? CBDC, yea that's the ticket
no
This is bs. These people have no fucking idea.
If Henrik is going to use a fake background, he really needs a green screen or something. It looks horrible.
Som cliff high säger. 2027 och 10 - 18 år framåt kan bli ett rent mörker.
Never listen to youtubers guys, they only shill they own book and almost always end up wrong or too early 3 to 5 years.
Good theory, zero evidence though.
David Hunter 🚀🚀🚀
I think this one will be more like 1987
US petrodollar dies tonight June 9th at midnight. Saudi Arabia is not going to renew the agreement to sell oil only in US dollars as of midnight tonight....goodbye petrodollar, goodbye US world reserve currency.
Deflation, so you want to own debt of the organisation that thas 34 trillion in debt plus 200 trillion unfunded liabilities and no plan to get out of it.
None of these folks who like to make predictions don't seem to understand about the excuses you make for why you're wrong. If you dare to make predictions, you don't get to change your date until it happens so you can say see look I'm right 😆 just another boy crying wolf...
What is so hard to understand about if you are early, you are wrong?
This guy said that the market would top out in June so when that doesn't happen why would anyone continue to entertain this?
Chickens for KFC!
I'm not an economist. I predict a recession will occur in the future. And then a recovery. And then another recession... recovery. #geniusInsights
A historian I see! Thanks for watching, appreciate the support
This guy stole David hunters work
It seems like a few are jumping onto similar thoughts about what is happening to the world, do you agree with it? Thanks for watching!
Henrik literally copied David Hunter's macro projection. In 2020-2021 Henrik was full on bear lmao
Sounds like David Hunter's prediction.
NESARA gag order ...
I think this babalu is selling gold.
I stopped all other subscriptions except for Henrik's.
Preposterous
Keep in mind since 2008 collapsed. housing has 2x , DJIA 5x, nasdaq 10x.
The whole market has turned into a K rally. The premium and best stocks/properties boom (NY/Tech) while the rest struggle. Thanks for watching!
Isn’t that just what QE has done since 2008? I understand the moral issue with inflating assets but there is nothing going to stop this train . They will continue to monetize debt. The larger the recession, Feds will add to balance sheet and the larger and faster the liquidity.
butcoin dumping, what a clown
Doom channel
Okay, show me your portfolio with put options on Q4 if you're calling a crash. Fraudster