We Study Billionaires - The Investor’s Podcast Network
Business:Investing
On today’s episode, Clay is joined by Richard Duncan to discuss current market conditions, whether we’ll see a recession in 2024, the potential for interest rate cuts, and more.
Richard Duncan is the author of The Money Revolution: How To Finance The Next American Century.
Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis.
Since 2013, Richard has published Macro Watch, a video newsletter that analyzes the forces driving the economy and the financial markets in the 21st Century.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:47 - How our modern-day economy is structured with the US dropping the gold standard in 1971.
10:29 - Why our economy requires perpetual credit expansion.
17:46 - How the credit environment has developed since 2020.
26:11 - What a recession is and what the implications of a recession are.
29:47 - Why Richard foresees a recession in 2024.
31:55 - The primary drivers of credit growth.
43:26 - Why we’ll likely see interest rate cuts in 2024.
53:03 - The drawbacks of our modern-day economy.
60:00 - Indicators that investors need to monitor in today’s economy.
64:03 - Where the US is at in the AI race.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
SPONSORS
Support our free podcast by supporting our sponsors:
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Learn more about your ad choices. Visit megaphone.fm/adchoices
BTC155: Dylan LeClair Bitcoin Market Overview (Bitcoin Podcast)
TIP586: Mastermind Q4, 2023 w/ Tobias Carlisle and Hari Ramachandra
TIP585: Concentrated Value Investing w/ Shree Viswanathan
BTC154: Bitcoin and Macro Mastermind Q4 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)
RWH035: Learning from Warren Buffett & Charlie Munger w/ Chris Davis
TIP584: Optimizing for the Long-Term w/ Sahil Bloom
BTC153: Bitcoin's Taproot Asset Protocol w/ Ryan Gentry (Bitcoin Podcast)
TIP583: Preparing for the Bear Market to Come w/ Gautam Baid
BTC152: The Debt Event Horizon & Bitcoin w/ Jesse Myers (Bitcoin Podcast)
RWH034: The High Road To Riches w/ Peter Keefe
TIP582: Quality & Defensive Investing w/ Christian Billinger
BTC151: This is NOT Capitalism w/ Allen Farrington (Bitcoin Podcast)
TIP581: Richer, Wiser, Happier Q3, 2023 w/ Stig Brodersen & William Green
TIP580: Clear Thinking w/ Shane Parrish
BTC150: Solving the Oracle Problem w/ Daniel Hinton & Steve Jeffress (Bitcoin Podcast)
TIP579: Big Mistakes by Michael Batnick
BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)
TIP578: Fundamentals of Stock Investing w/ Daniel Pronk & Jake Ruth
BTC148: Bitcoin and AI w/ Guy Swann (Bitcoin Podcast)
RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast
Money Tree Investing
The Disciplined Investor