John Rubino, Founder of the Dollar Collapse website and editor of his newsletter over at Substack, joins us for discussion on the macroeconomic forces moving the general markets, commodities, and precious metals in both the near-term and longer-term.
We start off discussing the expected resolution of the debt ceiling charade, the recent messaging from the Fed about pausing the rate hikes at their next meeting, how higher interest rates are still tightening market conditions, the conflicting data on the health of the consumer, weakness in commercial and residential real estate, muted GDP growth, the piling of investors in mega-cap tech stocks and AI stocks, and how corporate earnings are misaligned with what we are seeing in the market prices. These kinds of trends as we move toward a contracting economy, and possible recession, should continue to be a boon for gold, and eventually to other hard assets like silver and copper.
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