John Rubino, publisher of his newsletter over at Substack, joins us review the continued volatility in markets caused by mixed macroeconomic data and geopolitical tensions in 2 conflict zones. This conversation covers a lot of ground leading off with the unstable geopolitical headwinds paired with trends in the larger macroeconomic forces at play. John sees more generalist investors waking up to the reality that their bonds are not acting life safe havens, and that it may create more interest in gold inflows. With higher for longer interest rates still likely to break something in the financial sector, with a weakening consumer, and the eventual recession and contraction of the economy still quite likely in the medium-term, he feels investors should remain defensive in this environment.
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