‘I’ve Never Seen People This Scared’; U.S. ‘Stealth Default’ As ‘Mega Crisis’ Hits | David Hay

‘I’ve Never Seen People This Scared’; U.S. ‘Stealth Default’ As ‘Mega Crisis’ Hits | David Hay

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David Hay, Co-CIO of Evergreen Gavekal, discusses the coming “Fourth Turning” and how it impacts markets.

*This video was recorded on July 30, 2024

0:00 – Intro
2:20 – Sector rotation
4:00 – “I’ve Never Seen Americans This Scared’
8:00 – Recession
10:00 – Deficit fiasco
11:00 – Recession by election?
13:00 – Federal debt and interest payments
16:34 – Bond market
19:50 – Tech stocks
25:57 – Oil
30:50 – Gold
34:49 – Fourth Turning
37:15 – ’Stealth default’
39:14 – Stealth Civil War

#investing #economy #markets
Credit to : David Lin