Value investor Brian Hirschmann, managing partner of hedge fund Hirschmann Capital, makes his debut on episode 152 of The Julia La Roche Show.
In this episode, Hirschmann argues that we're currently in the most dangerous time in financial history and that three bubbles—stocks, real estate, and global bonds—could all burst.
Hirschmann also makes the case that we'll likely see more persistent inflation in the future, given the massive deficits and debt burden. He argues that the price of gold could soar to $7,000.
For investments, he favors gold miners and exposure to international equities.
Links: https://www.hcapital.llc/
00:00 Introduction and Macro View of the Economy
00:43 Dangerous Time in US Financial History
03:08 Consequences of Crisis Suppression Policy
04:35 US Equity and Real Estate Bubbles
06:27 Government Debt Problem
08:20 Global Government Debt Crisis
09:47 Government Debt Crisis and Private Sector Recession
11:03 Gold's Performance and Market Environment
13:13 Factors Affecting Gold's Valuation
19:36 Fed Policy and Fiscal Dominance
23:39 Impact of Fiscal Dominance on Gold
27:26 Investing in Gold Mining Companies
31:53 Impact of Bubbles Bursting
35:36 Potential Impacts of Recession
40:10 Likelihood of Recession
44:21 Closing Remarks
#097 Peter Borish: My Concern Is More Than A Recession
#096 Michael Howell: It's Bonds, Not Banks, That Look Dangerous
#095 Carol Roth: You Will Own Nothing
#094 Todd Gordon: Why We're Not Headed Toward Recession
#093 Neil Howe: The Fourth Turning Is Here — How Will This Crisis End
#092 Milton Berg On Why There’s Strong Evidence The Market Won’t Do Well
#091 Peter Atwater On The Troubling Disconnect Between Main Street & Wall Street
#090 Jens Nordvig On How AI Is Changing Investing Forever
#089 Jim Bianco On Why Inflation Will Be Problematic And There Won't Be A Fed Pivot
#088 Dr. Ed Altman: We’ve Reached An Inflection Point In The Credit Cycle
#087 Jason Trennert: If You're Playing The Odds Expect A Recession In The Next 6-12 Months
#086 The Acid Capitalist Hugh Hendry On The Economy: 'I'm Fearful'
#085 Kyle Bass On China: 'We Sit At A Hinge In History Right Now'
#084 Michael Green On Passive Investing Creating Distortions In The Market Right Now
#083 Nassim Taleb And Scott Patterson On Black Swans And Chaos Kings
#082 David Hunter On Melt Up In Stocks, Global Bust, And Gold $20,000 Forecast
#081 Professor Steve Hanke Sees Decline In Inflation, Recession On The Way
#080 Nick Glinsman: Investors Beware China
#079 Brent Johnson, Creator Of ‘The Dollar Milkshake Theory,’ Explains Why We’re Heading Toward A Sovereign Debt And Currency Crisis
#078 Guy Spier On How Lunch With Warren Buffett Changed His Life
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