Forget Inevitable or Imminent, What’s Happening Now? Lobo Tiggre at The Yukon Pavilion VRIC 2024
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- Опубліковано 21 лют 2024
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Aside from "momentary" capitulation on mainstream acceptance of the notion of a "recession" ....what about oil in a stagflationary depression / recession situation, ie- 1970's.
I don't know mush about AI, but I do know they are predicting an upsurge in electricity demand from data centers (50% increase by 2027). Robotics, which will be enabled by AI, will also increase demand for electricity. And with the resurgence of nuclear energy, you're going to need infrastructure to distribute that power. And as electricity becomes cheaper (due to nuclear powered electricity generation). And as electricity generation capacity increases new uses for that electricity will emerge. That increased capacity should also drive down electricity prices which will increase electrical use by millions more people in developing nations. That will require even more infrastructure. While the growth of EV demand has slowed down for now, it is likely to return once interest rates start dropping again. To me, the common denominator in all of this is copper. I think that future demand growth is being underestimated and on the supply side we have aging mines and a shortage of exploration investment. The sector is currently hated due to recession fears. In other words, I think a recession is at least partly priced in already. And the end of the recession (if it happens) will be priced in many months in advance too. I see no need to wait for the institutions to rotate into the sector ahead of me. Sector rotations can happen a lot faster than you think and take away most of your upside.
Interesting
I totally agree with you. I'm currently doing research on copper mining stocks. Not sure which companies to throw down with. You got any pointers ur willing to share?
IE Ivanhoe Electric? HHLKF Hot Chili? Just my two cents. I do own Ivanhoe
@@goretoye Oroco ORRCF seems interesting.
@@mikeware1002 Thanks for the reply! Ill look into Oroco.
Uranium got a 20% pullback since this speech was given
Don't buy bitcoin because it's useless in a Mad Max scenario - but is that the imminent condition? That's a big leap from the "stay relevant" message here
Trump will not over spend next time, first time he had no choice.
That's a tough one. The American peeps really liked their stimulus. If things get rough during recession, he just might do it again and send out stimulus checks. Most people in politics bow down to the demands of their constituents. It will be interesting to watch what happens though...
Lol, a sucker is born every minute. Given a chance to goose the economy with stimulus, he'll take it. He didn't advocate for NEGATIVE interest rates in 2019, and put pressure on Powell to lower rates, but he did it anyway