12:00 I will mention, with credit to Bill Fleckenstein, that bonds have reacted contrary to the feds easing policy; things like that and the gold price are good reason to be interested. And with El-Erian talking about foreigners building 'lots of little pipes' to circumvent the dollar it feels like there is more and more attention on the order of our fiscal house: credible people on youtube (Stephanie Pomroy her name might be) are talking about us being in developing world sorts of financial disorder, which coupled with the demographics and entitlement story sounds pretty grim. The real job of the treasury and the fed will be to manage the inflation necessary to get us out of our debt predicament (fiscal dominance as Lynn Alden calls it). So much name dropping. With our future president wanting to show us what a macho winner he is I can only imagine the interesting times ahead. Take it from the man. 15:30 Totally agree with the guest that the big question at these times is the multiple. Wish I knew more about historical multiple expansion and reversion; are these multiples justified and how so? Betting agains the rich getting richer has been a 40 year loser. Rich people own assets. And run the country. They don't seem inclined to take a haircut. Maybe tariffs can make us great again.
We still have relatively low private debt to have a collapse. If we reduce the federal deficit too much that will force the private sector to borrow too much relative to the income.
We had that in 2000. The federal budget was in surplus! The private sector borrowed too much and it collapsed. Josh, please, invite prof. Steve Keen into your podcast.
I like Nick’s commentary and addition to the show. He brings a calm, rational, and unbiased perspective but holy god, you guys have got to change his camera setup
This comment doesn’t even make sense. How is talking about financial history hypocrisy? We hit all time market highs, meaning every time up until now was a bad time to sell, and it’s always been a time to buy - Josh Brown.
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Nick and Jessica are so great…learn something new every time they are on
Keep bringing on Nick and Jessica
Fantastic charts. As usual. Thanks Nick and Jess. (And JB)
I like Jessica, thank you for so many information about the current state!!!!!
One of the best financial channels! I love how you bring to us the BIG PICTURE! Context really matters! 👏
Great guests. I subscribed to Data Trek podcast
These guests bring it, every time. Thanks for another great show, Josh 💣💪
This is gonna be good!
Really like these 2 guests! Amazing analysis
Nick taught me that I need Oil in portfolio to hedge economy. Never understood that reason for having a position.
These two are great for sober analysis by the numbers…re ROE avg for past top handful of companies vs today , I’d like to see that for all U.S stocks
Loving the sweater tie combo #dtjb
12:00 I will mention, with credit to Bill Fleckenstein, that bonds have reacted contrary to the feds easing policy; things like that and the gold price are good reason to be interested. And with El-Erian talking about foreigners building 'lots of little pipes' to circumvent the dollar it feels like there is more and more attention on the order of our fiscal house: credible people on youtube (Stephanie Pomroy her name might be) are talking about us being in developing world sorts of financial disorder, which coupled with the demographics and entitlement story sounds pretty grim. The real job of the treasury and the fed will be to manage the inflation necessary to get us out of our debt predicament (fiscal dominance as Lynn Alden calls it). So much name dropping. With our future president wanting to show us what a macho winner he is I can only imagine the interesting times ahead. Take it from the man.
15:30 Totally agree with the guest that the big question at these times is the multiple. Wish I knew more about historical multiple expansion and reversion; are these multiples justified and how so? Betting agains the rich getting richer has been a 40 year loser. Rich people own assets. And run the country. They don't seem inclined to take a haircut. Maybe tariffs can make us great again.
We still have relatively low private debt to have a collapse. If we reduce the federal deficit too much that will force the private sector to borrow too much relative to the income.
Downtown Dapper Brown
We had that in 2000. The federal budget was in surplus! The private sector borrowed too much and it collapsed. Josh, please, invite prof. Steve Keen into your podcast.
Was looking for the es to make a new high to correct a high in electronic trading highs. Not today.
👍🏼📈🇺🇸
I wouldn’t be buying bonds right now in a bull market. Now is the time to buy equities.
What happened at the END of the MID 1990s???????
A great buying opportunity for 10-12 years later?
Nikkei 1989.
oh ow
WTF are you having this discussion now. Maybe next year, but not now.
20:05 USA USA USA
189th like 🥳🥳🥳🥳✌️✌️✌️✌️✌️✌️
your unemployment numbers are incorrect, they changed the headline from u6 to u4, u6 is 7.3% right now, not good not terrible
Breaking news trump now doubling down on tariffs even Canada. Hope you enjoyed your bull market
It's over...
I like Nick’s commentary and addition to the show. He brings a calm, rational, and unbiased perspective but holy god, you guys have got to change his camera setup
Rude Blasphemy?
Why bruhv?
Shows the hypocrisy of people. They follow the gossip, not the facts. Sadly you guys follow the hypocrisy.
Cry more 😭
Say you sold at the bottom without saying you sold at the bottom
What happened? You seem upset...
This comment doesn’t even make sense. How is talking about financial history hypocrisy?
We hit all time market highs, meaning every time up until now was a bad time to sell, and it’s always been a time to buy - Josh Brown.