Its amazing the number of comments on here with people not commenting directly on the topic of the video of things discussed, but rather wanting/needing to put their own personal advice out there for others to take.
We (USA) are already in a Recession thanks to the Fed, "Banks to Big to Fail", "Bidenomics", WEF, One Word Order, "Green New Steal", Plutocrats, and all Economists that don't know "JACK". 🤫
And so-called government stimulus will create a psychological boost but most of the money will be misspent or corrupted in all truth the FED is really more of a psychological operation than anything else
If oil gets to $ 10/barrel or less it would be a "once in a lifetime" opportunity to load up! The collapse of M2 money supply in USA is very deflationary. Good guest and interview!
You're wrong about the strong labor market. The job growth in America is all part time jobs. Full time employment is now declining. If someone loses their full time job, and has to take two part time jobs to pay bills; then "jobs numbers" show (-1+2)=1 Which is to say, a net increase of 1 job. Good for the cooked numbers, but bad for the workers and the economy.
It's Jimmy Connor, thanks for the comment! Interesting comments about full-time employment...I will check this out. One thing is for sure and that is the inflation is killing us all.
Great guest. Jimmy, a gutting of the consumer and tax base is basically what I was referring to as market weakness in a recent comment you responded to. Many I know are already drowning, and even the affluent are worried despite a lot of the data. I don't trust the data in this era of manipulation and censorship. I trust what I hear from people and see out in the communities. The jobs data in particular is a joke with most jobs not paying living wages, and the dismissal of long-term unemployed. Combined with inflation and an apparent increase in overall health problems there will have to be a big pullback (as long as the ghouls still bother with open market theater)
The market always surges before a collapse, as well as the unemployment is at its lowest point about 3 months after the yield curve reinverts to positive slope indicating the start of a recession. Proven itself 9/9 past recessions.
Inflation is over 50% for the last few years, foods, insurances up 50%, utilities is up 30%, repairs up 40%. Government inflation only 3%. Guess if they exclude all necessities
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Oh you are so correct! Between inflation and taxes it is impossible for us to get ahead.
Nobody will ever be able to predict if/when an event like this could happen. It will be up to both the will of whole of the people coupled with the will of the bankers, politicians and corporations.
Nope. Wrong. Just because YOU can't predict it doesn't mean nobody can. It's quite possible to predict exactly when this will happen. If you watch the video again you might pick up on some clues. Don't take the easy way out. Do some research. Figure it out!
@@bannistervoid Haha! Nope. You're wrong. All I do is study markets all day every day. Anyone who thinks they can predict when it will happen is delusional. But, be my guest, give it your best shot.
Well I respect you for working hard. What bugs me is people who spout off their opinions with no knowledge of technical analysis. We can agree to disagree sir!@@trevordowney6425
How can we have deflation in house prices (around 19 minutes) in nations with very high migration rates (ie Canada, Australia and Great Britain), that prop up demand?
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment/question! Very simple, the market crashes everything crashes, doesn't matter how many people are brought into a country. If they have no money, and most don't, they wouldn't be buying houses.
The financial crisis we are heading into will be worse than 1929. I believe that because of all the pension funds that are trillions of dollars in debt. A lot of retired people are going to be wiped out. Those pension fund checks are not sustainable. The free ride is over. Lol
2000 should of been the last bubble. The greed and policies since even mid 90s are insane. In mid 90s with internet that was a bubble but contained to the stock market mainly - now it’s an everything bubble! In 2008 that was the real last chance we had but bail outs and then 12 years zero rates We’re all really dead man walking
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment! Wow 2000 seems so long ago but I remember it like yesterday. I have many of those failed companies hanging on my wall.
Not everything bubbles. 2021 really was historically unomprecedented in terms of fiscal and monetary excess. And thats after 15 years of historically unprecedented excess. If we dont have a depression, we will have stagflationary hell.
The U.S. hasn't had a real recession for many years. Do people think that somehow the business cycle has ended and we will never have a recession again?
We had leading indicators all last year, 2023. The technical market signals for the indexes are currently bullish. I do understand that there are lag effects. Being early on the call is still being wrong.
Some people are not affected by higher interest rates but are affected by higher prices and stagnant pay, so even if interest rates drop they see no change.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment! I agree 100%. It's the inflation that's killing us. As I mentioned, I spent $500 at Costco!!! I go there to save money or at least I use to.
Keep in mind you've got to get out of the stock market before the crash, as it's near impossible to get out when everyone is trying too. Plus they could freeze it.
In summary, he expects: 1. The S&P to go from 4800 to 6100 2. The Nasdaq from 15,000 to 31,000 and... 3. Bitcoin from 40,000 to AT LEAST 115,000 All within the next 5 months.... This guy is on crack. And shame on the interviewer for not asking how low the market will drop. It's a question we all want a prediction for.
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment William! You make a great point and the next time I chat with Henrik I will bring this up.
GDP is high br ause of the war time deficit spending. Unemployment numbers have been cooked to look better then they are (10 out of 11 "corrected" to worse numbers).
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment John and for taking the time to view our content. Yes, there is definite manipulation of job numbers and inflation numbers.
Hi it's Jimmy Connor, thanks for the comment and for taking the time to view our content. Yeh, it drives me crazy, no sooner do you delete them and they pop up again. Do they actually work?
If you look under the hood, the labor market is weak. Loss of full time jobs, record amounts of people moonlighting because they can’t afford to live or they lost their full time gig and need two or three part time jobs. Labor participation is in decline. Wages are now flattening. Those are good labor stats.
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment! I agree with you about the cost of living, a combination of never ending taxes and inflation is destroying the middle class.
It really cracks me up to read these comments. If I ever need a definition of "dumb money" I just scroll down and have a good laugh. Honestly these concepts being discussed are just too complex for regular people who don't study charts all day long. I wish the common man was a bit more educated, but I guess y'all might learn something when you're stuck with a bunch of worthless assets.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Yep, some interesting comments but we appreciate them all!
@@stopper90004 So your definition of "safety" is a ponzi scheme with no intrinsic value that's not backed by any government on earth? Ok good luck with that pal! I'll stick with US dollars.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment Richard and for taking the time to view our content! I agree, always good to hear opposing views.
I dont think George changed his mind. I listened to his latest video. Recession is coming. It has to because of all the fast rise in monetary asset inflation. Watch the businesses that close this year starting in June.
A few years an American visitor to Copenhagen went to his hotel’s bar, which was nearly empty. An older woman was sitting alone, and a couple of men were standing around, not drinking, seemingly doing nothing. The woman approached the American and asked what brought him to Copenhagen. He said something about his business there, then inquired about her. The response floored him: “Well, I’m the Queen”. She apparently just liked to know what brought people to Copenhagen.
Gold will probably never decline to 1,250 USD because demand for physical fold from India, China, Africa and the Middle East continues to grow by double digits every year.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment! You raise some valid points but much buying has been done by Central Banks and I wonder if they are holding the gold market up and once they are done, gold falls. Just a thought.
@@BloorStreetCapital Russia sold a lot of physical gold to China and even paid North Korea with physical gold for artillery etc. This in my opinion kept demand from financial institutions in China stagnant since March 2022. With the Ukraine war coming to an end my bet is the next stop is 2,500 USD by late spring or in summer then the price will fluctuate in the 2,700 - 3,300 USD range in 2025 (will depend a lot on geopolitics and whether the USD takes a dive in Q2 2025 as is likely to happen or if the event is delayed to anytime in 2027 or 2028.
You don't want to hold gold when the markets are poised for a big run. Get into it as the markets are turning (paraphrased). Yeah, sure, good luck timing the market and then finding or being able to afford gold or the miners when big money all of a sudden starts pouring into it. Great mining companies are on sale at great prices and premiums are low on gold and silver. Get prepared now!
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Yes, I would agree $10 oil is a moonshot.
On the housing markets, in 2008 the housing market was in a glut, more sellers than buyers. It is exactly the opposite now, we have more buyers than sellers and a shortage of housing. On the initial claims, it just came out today, the initial claims is lowering two months in a row. I do not think this author is right in his leading indicators. Maybe, just maybe the labor force in the US has undergone a permanent contraction due to demographic. Therefore from here on out, unemployment will remain low for decades.
@@rudyinthesky4967 Incidentally my next door neighbor makes a living as Uber driver. They make a living and provide a service. And apparently the services are needed, otherwise they cannot exist.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Steve! The number of layoffs is growing rapidly and I wonder if this is a way for companies to remove remote workers. What are your thoughts?
What will be sad is that all of you have been warned for years and you just wont believe it or you think you can outsmart it somehow. It will happen and if you do not start buying the things you really need, then you will be in a very desperate position. DAMIT MAN!!! RUN AND GET THAT STUFF THAT YOU CAN. Get ready to get out of town and find a place in the mountains or countryside. Look up three days of
He forgets 2 crucial points : - most mortgages are fixed in USA (there is no pressure to tight up consumption) - USA has enormous fiscal spending. I could see cries comes from shrinking demographics (companies will produce and sell less ) and panic on treasuries market (huge supply) or problem with liquidity (quantitative easing ). Most corporations have to new debt cycle in 2026 and 2027. We are good to go for few years. There were people on 2009 telling their will be crise. And we know where was sp500 3 years later. COVID is behind us. Relax and make money
This guy doesn’t understand the reason why gold is/was bought and relies on the fed to make markets. The fed is what makes people get into gold. Bitcoin is not a gold alternative. Is has no physical value, usefulness, or any other value than a scarcity of nothing.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content. I agree, there is nothing better then gold in the hand but you cant deny the success of BTC. It's gold for young people!
@@BloorStreetCapital I owned bitcoin very early on when it started. I agree with the process, but in the end, it’s a fiat currency of sorts that is limited. It has no real value such as gold, land, food, etc. Gold has been around and used for thousands of years. It’s tried and tested. The US dollar being convertible to/backed by gold made it trustworthy. I sold my bitcoin as soon as it doubled because I don’t trust that it can’t be outlawed by governments and numerous other reasons. The dollar is declining. Bitcoin has a short run. I’ll take it over the fiat currency…look at The Weimar Republic of Germany as a great example of what happens. They were a super powerful industrial economy and ended up with hyperinflation.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment Matt and for taking the time to view our content! Yes 6100 does seem high but time will tell.
This channel has been wrong for almost 3 years now. I would put little in what they say. They are fear monger shorts. They need to disclose their puts.
It’s not the fastest increase they were 6%!too low so there still Under if they were at 5 and they went to 10 You could say that You Can say it took 15 years to normalize
Such typical “i literally know absolutely nothing” responses. “Giant moves up then giant moves down but i dont know when!” So dumb pointless to listen to
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment! If you have other suggestions on who we should invite onto the channel please let us know.
Doom doom doom doom dooooom yada yada yada. Same shit for years on this god forsaken platform. Never been easier in HISTORY to make money than it is now. Look in a mirror.
2023 this guy say recession is coming but did not happen,this year i/r will drop but this guy also say recession is coming. dont loss this year bull market
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content. To clarify, Henrik says the economy and markets are growing but are fragile and thinks they will start deteriorating within a few months and then result in a total collapse.
@@BloorStreetCapital Thanks, but this is already ongoing for 2 years. CPI, unemployment, GDP, are all heavily manipulated stats that hide the true state of the dire world economy.
@@CoenCoenNL can't argue that! Check out my interview with Steve Hanke @Wealthion . He believes the only indicator that matters is the Money Supply and it is pointing to a severe recession.
Funny how you criticized Adam for being too pessimistic and you’re back to doing the exact same . You lost the best host you could have possibly asked for
Its amazing the number of comments on here with people not commenting directly on the topic of the video of things discussed, but rather wanting/needing to put their own personal advice out there for others to take.
those are scammers. you can report those comments if you want
Welcome to every financial comment section. I agree it's maddening.
We (USA) are already in a Recession thanks to the Fed, "Banks to Big to Fail", "Bidenomics", WEF, One Word Order, "Green New Steal", Plutocrats, and all Economists that don't know "JACK". 🤫
It's called spam bots. They aren't real people. I see it on nearly every channel.
It's Jimmy Connor, thanks for the comment Mike! Yes this is true but that's the world we live in now.
I think this analysis underestimates the Feds who will definitely print away any deflationary pressure.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment! The one thing the Fed does well is print!!!
Every single time the Fed started lowering interest rates after a prolonged hiking cycle, the stock market crashed over the following 1-2 years.
They can't create spending
And quote government stimulus will provide a psychological abuse
And so-called government stimulus will create a psychological boost but most of the money will be misspent or corrupted in all truth the FED is really more of a psychological operation than anything else
If oil gets to $ 10/barrel or less it would be a "once in a lifetime" opportunity to load up! The collapse of M2 money supply in USA is very deflationary. Good guest and interview!
Hi it's Jimmy Connor, thanks for the comment David and for taking the time to view our content. Agreed, just like in 2020!
What oil stocks specifically should I be watching? BP or Shell? Anything else? Need to add to my watch list.
Forget who else? Have Henrik on every week! He's fantastic.
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment Rick! Every week might be a bit too often but we will get him back.
He is hetero
You're wrong about the strong labor market. The job growth in America is all part time jobs. Full time employment is now declining. If someone loses their full time job, and has to take two part time jobs to pay bills; then "jobs numbers" show (-1+2)=1 Which is to say, a net increase of 1 job. Good for the cooked numbers, but bad for the workers and the economy.
It's Jimmy Connor, thanks for the comment! Interesting comments about full-time employment...I will check this out. One thing is for sure and that is the inflation is killing us all.
To me he makes perfect sense, and I really appreciate Henrik being willing to share his view and insights with us. As always, time will tell.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Great guest. Jimmy, a gutting of the consumer and tax base is basically what I was referring to as market weakness in a recent comment you responded to. Many I know are already drowning, and even the affluent are worried despite a lot of the data. I don't trust the data in this era of manipulation and censorship. I trust what I hear from people and see out in the communities. The jobs data in particular is a joke with most jobs not paying living wages, and the dismissal of long-term unemployed. Combined with inflation and an apparent increase in overall health problems there will have to be a big pullback (as long as the ghouls still bother with open market theater)
The market always surges before a collapse, as well as the unemployment is at its lowest point about 3 months after the yield curve reinverts to positive slope indicating the start of a recession. Proven itself 9/9 past recessions.
How much time do we have left?
Inflation is over 50% for the last few years, foods, insurances up 50%, utilities is up 30%, repairs up 40%. Government inflation only 3%. Guess if they exclude all necessities
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Oh you are so correct! Between inflation and taxes it is impossible for us to get ahead.
Excellent interview! Get this guy on more!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! We will definitely get Henrik back!
Yeh got to get him back soon!
I met the King. When he was prince, they came and took a tour of my work. Extremely nice people.
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment Rob! They must be good people if they are not in the news.
Everyone has forgotten there were huge job vacany positions that have disappeared first. We are now getting to the impact on those holding jobs.
It's Jimmy Connor, thanks for the comment Ralph and for taking the time to view our content! Good points!
Nobody will ever be able to predict if/when an event like this could happen. It will be up to both the will of whole of the people coupled with the will of the bankers, politicians and corporations.
Nope. Wrong. Just because YOU can't predict it doesn't mean nobody can. It's quite possible to predict exactly when this will happen. If you watch the video again you might pick up on some clues. Don't take the easy way out. Do some research. Figure it out!
@@bannistervoid Haha! Nope. You're wrong. All I do is study markets all day every day. Anyone who thinks they can predict when it will happen is delusional. But, be my guest, give it your best shot.
Well I respect you for working hard. What bugs me is people who spout off their opinions with no knowledge of technical analysis. We can agree to disagree sir!@@trevordowney6425
First nuclear weapon use will crash markets and crush us all! A black swan to blot out the sun.
Thanks Wealthion!!
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Matt! Let us know if you would like to see any other guests.
Most of these calls are pretty good. I just think the downturn comes a little further out. If $ go up which happens in recession, gold declines.
How can we have deflation in house prices (around 19 minutes) in nations with very high migration rates (ie Canada, Australia and Great Britain), that prop up demand?
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment/question! Very simple, the market crashes everything crashes, doesn't matter how many people are brought into a country. If they have no money, and most don't, they wouldn't be buying houses.
Zeberg, do you have a bridge that you want to sell? After listening to you, I sure want to buy one.
What’s your beef?
Interesting perspective
Hi it's Jimmy Connor, thanks for the comment Tom and for taking the time to view our content.
Really enjoyed this discussion. Great interview.
Hi it's Jimmy Connor, thanks for the comment Paul and for the ongoing support!
in 1930s Gold fell 50%. Miners sunk 80%. Henrik is right, gold falls in times of deflation which is a liquidity crunch.
Hi it's Jimmy Connor, thanks for the comment Steve and for taking the time to view our content.
The financial crisis we are heading into will be worse than 1929. I believe that because of all the pension funds that are trillions of dollars in debt. A lot of retired people are going to be wiped out. Those pension fund checks are not sustainable. The free ride is over. Lol
Could you name those pension funds please?
@@Kukaboora calpers and calsters pension funds
Hi it's Jimmy Connor, thanks for the comment Greg and for taking the time to view our content.
Agreed! Get your money out and run. Same with many banks.
Yassss!!!😂
Great video.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
2000 should of been the last bubble.
The greed and policies since even mid 90s are insane. In mid 90s with internet that was a bubble but contained to the stock market mainly - now it’s an everything bubble!
In 2008 that was the real last chance we had but bail outs and then 12 years zero rates
We’re all really dead man walking
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment! Wow 2000 seems so long ago but I remember it like yesterday. I have many of those failed companies hanging on my wall.
Bubbles have existed throughout humanity. This isn't a new thing.
Not everything bubbles. 2021 really was historically unomprecedented in terms of fiscal and monetary excess. And thats after 15 years of historically unprecedented excess.
If we dont have a depression, we will have stagflationary hell.
Great guest. ❤
It's Jimmy Connor, thanks for the comment Ralph and for taking the time to view our content!
He has the sane timing and analysis as Jeffery Gunlatchs last week on Doubleline Capital
what's your point?
Great guest though some targets might be outlandish such as oil I do agree with his thesis. We will see a lot of pain before the year is over.
Hi it's Jimmy Connor, thanks for the comment Michael and for the ongoing support!
The great taking
The U.S. hasn't had a real recession for many years. Do people think that somehow the business cycle has ended and we will never have a recession again?
We had leading indicators all last year, 2023. The technical market signals for the indexes are currently bullish. I do understand that there are lag effects. Being early on the call is still being wrong.
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment Brian! I love that comment 'being early is still being wrong' so true!
Better a year or two early than 5 mins too late? You will not be able to sell if markets are in free fall. The small fry will be smoked.
Some people are not affected by higher interest rates but are affected by higher prices and stagnant pay, so even if interest rates drop they see no change.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment! I agree 100%. It's the inflation that's killing us. As I mentioned, I spent $500 at Costco!!! I go there to save money or at least I use to.
Henrik talks about highs. how about picking a low. you said there will be market freefall in 2024
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment/question Larry! I will bring this up the next time we chat.
In deflation Demand collapses. Unemployment rises. So, everything collapses. Oil, minerals, housing, etc.
Hi it's Jimmy Connor, thanks for the comment Steve and for taking the time to view our content.
BINGO
it would have been good if you asked what leading indicators he is looking at. and some hard data. I know shipping is way down@@BloorStreetCapital
Keep in mind you've got to get out of the stock market before the crash, as it's near impossible to get out when everyone is trying too. Plus they could freeze it.
In summary, he expects:
1. The S&P to go from 4800 to 6100
2. The Nasdaq from 15,000 to 31,000 and...
3. Bitcoin from 40,000 to AT LEAST 115,000
All within the next 5 months....
This guy is on crack. And shame on the interviewer for not asking how low the market will drop. It's a question we all want a prediction for.
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment William! You make a great point and the next time I chat with Henrik I will bring this up.
He could be correct…. The sheer panic of a nuclear deflation…… gold/silver/BTC/stocks/oil way down…… then the long term recovery…… God help us!
What is Henrik's educational and professional background?
deflation as in blowout, flat tire unplugging of the fairy castle (giggles)
part time hockey player, full time janitor. Forecasting hobby.😆
Amateur forecaster
GDP is high br ause of the war time deficit spending. Unemployment numbers have been cooked to look better then they are (10 out of 11 "corrected" to worse numbers).
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment John and for taking the time to view our content. Yes, there is definite manipulation of job numbers and inflation numbers.
I love how all the financial advisor scam messages show up in every financial podcast.
😂😂
Hi it's Jimmy Connor, thanks for the comment and for taking the time to view our content. Yeh, it drives me crazy, no sooner do you delete them and they pop up again. Do they actually work?
If you look under the hood, the labor market is weak. Loss of full time jobs, record amounts of people moonlighting because they can’t afford to live or they lost their full time gig and need two or three part time jobs. Labor participation is in decline. Wages are now flattening. Those are good labor stats.
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment! I agree with you about the cost of living, a combination of never ending taxes and inflation is destroying the middle class.
It really cracks me up to read these comments. If I ever need a definition of "dumb money" I just scroll down and have a good laugh. Honestly these concepts being discussed are just too complex for regular people who don't study charts all day long. I wish the common man was a bit more educated, but I guess y'all might learn something when you're stuck with a bunch of worthless assets.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Yep, some interesting comments but we appreciate them all!
I don't understand why he thinks the S&P and BTC are going to skyrocket while the U.S. economy tanks?
Hi it's Jimmy Connor, thanks for the comment and for the support! Bitcoin is beta Nasdaq, both highly correlated, both risk on trades.
That's because you weren't paying attention. Watch it again.
@@bannistervoid I'm always paying attention.
Flight to safety is BTC... This emerged back in May last year during the banking crisis... Smart gold bugs park in BTC (and gold) for now.
@@stopper90004 So your definition of "safety" is a ponzi scheme with no intrinsic value that's not backed by any government on earth? Ok good luck with that pal! I'll stick with US dollars.
Interesting take and good to hear an alternative view point but just don’t buy any of that. Guess you have to pay your money make your choice.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment Richard and for taking the time to view our content! I agree, always good to hear opposing views.
???Oil won't go to below $10.00/barrel. It's never been there since the great depression. I can't believe it will go that low.
Hi it's Jimmy Connor, thanks for the comment and for taking the time to view our content. Agreed, if it goes to $10 we are done for.
Oil went negative in 2020 for a very short time.
It was below that for a short time in 2020.
A great interviewer let's the guest do most of the talking. Good job!...
Hi it's Jimmy Connor, thanks for the positive comment Jim and for taking the time to view our content.
George Gammon now changed his mind no recession, what goes on with people for years a recession now NO recession.
I dont think George changed his mind. I listened to his latest video. Recession is coming. It has to because of all the fast rise in monetary asset inflation. Watch the businesses that close this year starting in June.
A few years an American visitor to Copenhagen went to his hotel’s bar, which was nearly empty. An older woman was sitting alone, and a couple of men were standing around, not drinking, seemingly doing nothing. The woman approached the American and asked what brought him to Copenhagen. He said something about his business there, then inquired about her. The response floored him: “Well, I’m the Queen”.
She apparently just liked to know what brought people to Copenhagen.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment/story!
But if we all know about it, and do the same thing as Zeberg suggests, wouldn't that negate the predictions? 😅
Henrik is definitely not a ‘Yes’ man. He tells it like it is.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Agreed!
If the US defaults on its debt, what happens to the US Dollar?
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment/question Matt! If the US defaults the whole world is done. It will never happen.
Great interview guys
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the positive comment Vincent! Who else would you like to see interviewed?
Been waiting for this for years
Hi it's Jimmy Connor, thanks for the comment and for taking the time to view our content.
Gold will probably never decline to 1,250 USD because demand for physical fold from India, China, Africa and the Middle East continues to grow by double digits every year.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment! You raise some valid points but much buying has been done by Central Banks and I wonder if they are holding the gold market up and once they are done, gold falls. Just a thought.
@@BloorStreetCapital
Russia sold a lot of physical gold to China and even paid North Korea with physical gold for artillery etc.
This in my opinion kept demand from financial institutions in China stagnant since March 2022.
With the Ukraine war coming to an end my bet is the next stop is 2,500 USD by late spring or in summer then the price will fluctuate in the 2,700 - 3,300 USD range in 2025 (will depend a lot on geopolitics and whether the USD takes a dive in Q2 2025 as is likely to happen or if the event is delayed to anytime in 2027 or 2028.
The British Royal Family is notorious - look at your own backyard. 0:40
I see unemployment rising so let's see what happens
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Looks like the U.S. stock market is going to have a blow off top this year first.
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment Jason! Time will tell!
You don't want to hold gold when the markets are poised for a big run. Get into it as the markets are turning (paraphrased). Yeah, sure, good luck timing the market and then finding or being able to afford gold or the miners when big money all of a sudden starts pouring into it. Great mining companies are on sale at great prices and premiums are low on gold and silver. Get prepared now!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Agreed, gold is cheap!!!
2 months later and definitely have home builders executing real estate market price deflation.
This guy makes a lot of sense. makes a good case.
Hi it's Jimmy Connor, thanks for the comment Matt and for taking the time to view our content.
1250 gold and 10 oil would more than likely require saying hello to disease x and the world re-embracing 4 walls. 😅
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment! Let's hope not!
Great guest! Thank you Henrik. Goofy interviewer. Bring back Adam Taggart.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Sorry, who's Adam?
Ten dollar oil?? This guy is nuts.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Yes, I would agree $10 oil is a moonshot.
On the housing markets, in 2008 the housing market was in a glut, more sellers than buyers.
It is exactly the opposite now, we have more buyers than sellers and a shortage of housing.
On the initial claims, it just came out today, the initial claims is lowering two months in a row.
I do not think this author is right in his leading indicators.
Maybe, just maybe the labor force in the US has undergone a permanent contraction due to demographic. Therefore from here on out, unemployment will remain low for decades.
Whoo hoo! Endless Uber and GrubHub jobs for everyone!
@@rudyinthesky4967
Incidentally my next door neighbor makes a living as Uber driver. They make a living and provide a service. And apparently the services are needed, otherwise they cannot exist.
When the next Carrington Event hits, what happens to cryptocurrency?
Citi announced 30,000 layoffs. So employment has started its drop.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Steve! The number of layoffs is growing rapidly and I wonder if this is a way for companies to remove remote workers. What are your thoughts?
What will be sad is that all of you have been warned for years and you just wont believe it or you think you can outsmart it somehow. It will happen and if you do not start buying the things you really need, then you will be in a very desperate position. DAMIT MAN!!! RUN AND GET THAT STUFF THAT YOU CAN. Get ready to get out of town and find a place in the mountains or countryside. Look up three days of
He forgets 2 crucial points :
- most mortgages are fixed in USA (there is no pressure to tight up consumption)
- USA has enormous fiscal spending.
I could see cries comes from shrinking demographics (companies will produce and sell less ) and panic on treasuries market (huge supply) or problem with liquidity (quantitative easing ). Most corporations have to new debt cycle in 2026 and 2027.
We are good to go for few years. There were people on 2009 telling their will be crise. And we know where was sp500 3 years later. COVID is behind us. Relax and make money
It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment Jane and great points!
This guy doesn’t understand the reason why gold is/was bought and relies on the fed to make markets. The fed is what makes people get into gold.
Bitcoin is not a gold alternative. Is has no physical value, usefulness, or any other value than a scarcity of nothing.
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content. I agree, there is nothing better then gold in the hand but you cant deny the success of BTC. It's gold for young people!
@@BloorStreetCapital I owned bitcoin very early on when it started. I agree with the process, but in the end, it’s a fiat currency of sorts that is limited. It has no real value such as gold, land, food, etc. Gold has been around and used for thousands of years. It’s tried and tested. The US dollar being convertible to/backed by gold made it trustworthy. I sold my bitcoin as soon as it doubled because I don’t trust that it can’t be outlawed by governments and numerous other reasons. The dollar is declining. Bitcoin has a short run.
I’ll take it over the fiat currency…look at The Weimar Republic of Germany as a great example of what happens. They were a super powerful industrial economy and ended up with hyperinflation.
Hmm Harry Dent 2.0
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
Some interesting predictions here , what kind of drugs ?!?!?
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Always good to hear from outliers!
SPX 6100 😱
Hi it's Jimmy Connor from @BloorStreetCapital, thanks for the comment Matt and for taking the time to view our content! Yes 6100 does seem high but time will tell.
You had me until you said the TLT will hit 200. Much higher than ATH, and higher than when rates were zero. Nope.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Same thing, different year. The crash never comes.
Safe haven - precious metals
What Peter miss is the demographic shift in the work force. We will not see much unemployment in this cycle down turn.
I can't see the S&P 500 going any higher.
It's Jimmy Connor, thanks for the comment Jack and for taking the time to view our content! Time will tell!
If you're middle or lower class in the U.S. the economy is just horrible now. If you're on Social Security and a low fixed income you maybe homeless.
Wrong
@@realbigugly How is it wrong?
@@Resmith18SR the economy is not horrible
@@realbigugly So tell us all how the economy really is. You're the expert.
@@realbigugly The homeless population in the U.S. just increased 12%. Is that a sign the economy is doing great?
Wealthion has been fear mongering and scaring retail out of the markets since 2021. Shameful channel . Click bate title.
This interviewer is asking questions that were answered already in the interview! Better prep would be helpful!
It's Jimmy Connor, from @BloorStreetCapital, thanks for the positive comment!
Hahaha. Timing the market. What could go wrong?
That's exactly what I'd expect a guy named Brent Paine to say. Well done sir.
the scam of deflation and this clown has been calling for deflation all the time
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
This channel has been wrong for almost 3 years now. I would put little in what they say. They are fear monger shorts. They need to disclose their puts.
Stupid small talk at start. You guys made a mistake letting Adam get away.
It's Jimmy Connor from @BloorStreetCapital, thanks for the positive comment! Adam who?
This guy made a lot of sense till he said bitcoin going to 115K. I stopped listening after that.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment! Keep in mind Bitcoin was up 180% in 2023. I would never bet against Bitcoin.
As BTC is crashing! Down like 20%.
It’s not the fastest increase they were 6%!too low so there still
Under if they were at 5 and they went to
10
You could say that
You
Can say it took
15 years to normalize
Such typical “i literally know absolutely nothing” responses. “Giant moves up then giant moves down but i dont know when!” So dumb pointless to listen to
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment! If you have other suggestions on who we should invite onto the channel please let us know.
Ugh miss the old guy
Doom doom doom doom dooooom yada yada yada. Same shit for years on this god forsaken platform. Never been easier in HISTORY to make money than it is now. Look in a mirror.
these guys are all FOS
It's Jimmy Connor, thanks for the positive comment and taking the time to view our content!
This guy was wrong on a lot of things.
Hi it's Jimmy Connor, thanks for the comment Brody and for taking the time to view our content. A difference of opinion is what makes a market.
Looking back a year later.....wrong.
Henrik who?
2023 this guy say recession is coming but did not happen,this year i/r will drop but this guy also say recession is coming. dont loss this year bull market
This clown has been calling for gold to goto 700 for years now. Zero creditably.
Deflation!!! LOL
Another guy pretending the economy is strong.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content. To clarify, Henrik says the economy and markets are growing but are fragile and thinks they will start deteriorating within a few months and then result in a total collapse.
@@BloorStreetCapital Thanks, but this is already ongoing for 2 years. CPI, unemployment, GDP, are all heavily manipulated stats that hide the true state of the dire world economy.
@@CoenCoenNL can't argue that! Check out my interview with Steve Hanke @Wealthion . He believes the only indicator that matters is the Money Supply and it is pointing to a severe recession.
Wow....way off....
This didn't age well
🤣
Disagree
Funny how you criticized Adam for being too pessimistic and you’re back to doing the exact same . You lost the best host you could have possibly asked for
I think he sold his stake so a win win for adam
Hi it's Jimmy Connor, thanks for the positive comment Adrian! Apologies, but who is Adam?