About this episode
This is the third in a series of interviews with Dave Collum. Recorded Mar 11, we dive into the Coronavirus, bond apocalypse and the top of the market.
Where to find the show
What to listen for
- Why Coronavirus is a catalyst for the house of cards coming down.
- Why vaccines work and how antibodies released through live vaccines amplify survival rates and adaptive systems beyond our immune system.
- Why the Federal Reserve cannot save us and has no control at all over anything as far as Dave is concerned.
- The global financial system is not only too complex but also artificially engineered to such an extent it has lost its Darwin evolutionary ability to ‘cull the herd’.
- Dave’s theory is 2015/16 was a recession, but Wall Street always has to put an adjective in front of problems.
- Why controlled burns for forest management and for the economy are better in the long term for the forest and us. Recessions are necessary.
- What is different now with recessions is how we qualify them, the term recession was invented so we could stop using depression.
- You can get rid of potential energy either in one go or in small amounts, but either way, the energy needs to be released one way or the other.
- Twin income trap and women entering the workforce has propped up total employment growth numbers since the 1970s.
- If you want to shut down Coronavirus, what are you going to do after isolation? This is not a sustainable solution, and this is not an analogy to the flu. It will be with us for a long time.
- When a Bear says to a boomer, 50% drop will take us back to normal market valuation; this means for Boomers, you will have 50% less revenue when you retire than you thought you would have.
- Dave’s portfolio advice: pick a bond to equity ratio, and stick with it.
- Why dumb money is destroying markets and good companies because there is too much money in the system.
- Why CEO/Boards/Company Governance is an in-bred system, and this all needs to be cleared out in the great raging inferno we have now.
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