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Wealthion - Be Financially Resilient

Wealthion

Official Wealthion Podcast Feed. Learn about money and the markets from leading investors from around the world, and discover how to build a more resilient, long-term plan for your investment portfolio. Look for new episodes each week.

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  • Yesterday · 28 min

    David Rosenberg: “Every Bubble Pops” — Markets Aren’t Ready

    David Rosenberg believes investors are overlooking a growing disconnect between market optimism and the underlying economy. In this conversation with Maggie Lake, Rosenberg explains how he is positioning for a more fragile economic backdrop — including exposure to equities, bonds and hard assets — and why he currently sees opportunity at the front end of the Treasury curve. He also takes direct aim at the AI boom, arguing that the biggest risk may not be the technology itself, but investor behavior surrounding it. Rosenberg points to surging margin debt, historically low cash levels, extreme equity exposure and elevated valuations as signs that the market is displaying familiar bubble characteristics. He also breaks down why the recent rise in Treasury yields may be more about uncertainty and real rates than inflation expectations alone, and why he still believes the next major shift could come from the labor market. Looking toward the fourth quarter, Rosenberg says repeated negative payroll prints and a rising unemployment rate could force investors — and the Fed — to shift their focus away from inflation and back toward recession risk. Could the market narrative flip faster than investors expect? 💡 David Rosenberg warns that “every bubble pops” — and says surging leverage, extreme market positioning and a weakening labor backdrop could leave investors exposed. Sign up for a free portfolio review with one of Wealthion’s trusted advisors to see whether your portfolio is prepared for what comes next: https://bit.ly/4yc9iMG Chapters: 00:00 David Rosenberg: “Every Bubble Pops” 00:17 How Rosenberg Is Positioning for a Fragile Economy 04:05 Risk Management, Diversification & Hard Assets 05:50 Why Rosenberg Likes 2-Year Treasury Notes 07:55 Is the AI Boom Becoming a Bubble? 09:32 “Every Bubble Pops” — Rosenberg on AI Excess 12:25 The Real Bubble Is Investor Behavior 13:14 Margin Debt, Extreme Sentiment & Record Equity Exposure 14:59 What’s Really Driving Treasury Yields Higher? 17:37 Fed Uncertainty, Inflation & the Bond Market 19:55 Is the U.S. Stock Market Too Big to Fail? 22:30 The Labor Market Could Be the Next Big Surprise 24:33 Could Negative Payrolls Signal Recession? 27:01 Why the Market Narrative Could Flip Back to Jobs Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #DavidRosenberg #StockMarket #AIBubble #TreasuryYields #FederalReserve #Recession #LaborMarket #Investing #MarketCrash #Bonds #Inflation #Wealthion ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Monday · 8 min

    Iran Erupts Again: Is a Major Oil & Market Shock Coming?

    Renewed fighting between the U.S. and Iran has once again put the Strait of Hormuz — one of the world’s most critical oil chokepoints — at the center of global markets. With Brent crude jumping back above $90 a barrel following fresh U.S. and Iranian strikes, investors are again confronting a critical question: What happens if the conflict escalates and oil supplies come under even greater pressure? In this timely Wealthion compilation, Art Berman, Steve Hanke, David Woo and Marc Faber break down the potential consequences for oil prices, inflation, interest rates, stocks and the broader economy. David Woo explains why Iran could benefit from driving Brent crude toward $100–$120 and putting pressure on U.S. equities. Steve Hanke warns that continued inventory drawdowns can eventually turn an oil-market deficit into an outright shortage — potentially setting the stage for another spike in crude prices. Energy expert Art Berman explains why markets can adapt to supply disruptions only so far before higher prices and demand destruction become necessary, while Marc Faber discusses how persistent energy pressures could feed inflation and make it harder for interest rates to fall. As tensions rise again around the Strait of Hormuz, these recent conversations offer important context for investors trying to understand what another escalation between the U.S. and Iran could mean for markets. Featuring: Art Berman, Steve Hanke, David Woo & Marc Faber 💡 With renewed U.S.-Iran tensions putting the Strait of Hormuz and global oil supplies back in focus, Art Berman, Steve Hanke, David Woo and Marc Faber explain why another escalation could mean higher oil prices, renewed inflation pressure and greater risk for stocks and the broader economy. Sign up for a free portfolio review with one of Wealthion’s trusted advisors to see whether your portfolio is positioned for a potential energy shock and the market volatility ahead: https://bit.ly/4qNmIfF Chapters: 00:00 Iran, $120 Oil & a 10% Stock Market Drop 00:12 Art Berman: Why Oil Markets Eventually Force Demand Destruction 02:10 Steve Hanke: Oil Inventories Are Masking the Real Shortage Risk 03:39 When an Oil Deficit Becomes an Outright Shortage 04:24 David Woo: Why Iran Wants Oil Prices Higher 05:13 Marc Faber: Oil, Inflation & Why Interest Rates May Stay High 05:34 Why Money Printing Could Make Inflation Worse 06:01 Wealthion Membership: Putting Macro Insights to Work Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Iran #OilPrices #StraitOfHormuz #BrentCrude #CrudeOil #StockMarket #Inflation #Geopolitics #EnergyMarkets #OilShortage #InterestRates #Investing #MarketRisk #MiddleEast #Wealthion ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Friday · 11 min

    Recession Fears Are Wrong? Why the U.S. Economy Is Stronger Than It Looks

    Is the U.S. economy really headed for recession? Franklin Templeton’s Chris Galipeau argues the bearish narrative is missing what matters most: a resilient consumer, improving credit trends, strong corporate earnings, and a labor market that remains supportive. He also pushes back on fears that AI is about to destroy jobs, explains why investors may be too focused on Fed headlines and geopolitical noise, and makes the case that corporate profitability matters far more for markets over time. With investors focused on Kevin Warsh, interest rates, inflation, and the economic outlook, Galipeau offers a sharply different view of what the data is actually saying about the U.S. economy and stock market. 💡 Chris Galipeau argues that recession fears may be overstated, the U.S. consumer remains stronger than the headlines suggest, and corporate earnings matter more than much of the daily macro noise. Sign up for a free portfolio review with one of Wealthion’s trusted advisors to see whether your portfolio is positioned for the economy and markets ahead: https://www.wealthion.com/advisors/ Chapters: 00:00 Why the Recession Narrative Is Wrong 00:41 The U.S. Consumer Is Stronger Than You Think 02:12 What’s Really Supporting the Economy? 02:48 Why the “Doom” Narrative Keeps Missing 03:54 Will AI Really Take Everyone’s Jobs? 04:38 The Real Recession Risk Investors Should Watch 05:29 Kevin Warsh, the Fed & the Economic Outlook 06:54 Why Economic Data Can Mislead Investors 07:32 Why Earnings Matter More Than Geopolitics 08:12 Corporate Profits Are Beating Expectations 08:46 Wealthion Membership & Portfolio Resources Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Economy #Recession #StockMarket #Investing #FederalReserve #InterestRates #Inflation #AI #Markets #Wealthion ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • Friday · 26 min

    Before You Sell: The Capital Gains Move to Know

    Investors sitting on large gains may have a new way to defer taxes and potentially earn tax-free appreciation through Opportunity Zones. Brett Rentmeester of WindRock Wealth Management joins Maggie Lake to explain how the updated 2027 rules work, who they may benefit, and why gains realized in late 2026 could already qualify. They break down the 180-day rollover window, five-year tax deferral, 10% basis step-up, real estate depreciation benefits, and how certain Opportunity Zone investments can potentially grow tax-free if held for at least 10 years. Brett also explains the biggest risks, including illiquidity, bad real estate deals, and why the underlying investment still has to make sense before the tax benefits matter. If you have large capital gains from stocks, real estate, crypto, or the sale of a business, this is a strategy worth understanding before year-end. 💡 Brett Rentmeester explains how Opportunity Zones could help investors defer capital gains taxes, potentially unlock tax-free appreciation, and create new real estate opportunities — while also warning that the underlying investment still has to make sense. Sign up for a free portfolio review with one of Wealthion’s trusted advisors to see how your portfolio is positioned: https://bit.ly/4xyF7PI Chapters: 00:00 Opportunity Zones: Tax-Free Real Estate Gains? 00:22 Capital Gains Taxes & Investor Dilemma 02:23 What Are Opportunity Zones? 03:44 The New 2027 Opportunity Zone Rules 05:17 How Opportunity Zone Tax Benefits Work 07:33 The 180-Day Capital Gains Rule 09:13 Who Opportunity Zones Are Best For 11:44 Example: $1 Million Capital Gain 16:18 How $4 Million in Gains Could Become Tax-Free 17:52 The Biggest Risk: Bad Real Estate Deals 20:05 How to Evaluate Opportunity Zone Investments 23:35 Why 2026 Capital Gains Could Already Qualify Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #CapitalGainsTax #OpportunityZones #TaxStrategy #RealEstateInvesting #TaxPlanning #Investing #WealthManagement #RealEstate #Wealthion ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 26 · 8 min

    NVIDIA Earnings Put the AI Boom to the Test — Woo Warns of “Catastrophe”

    NVIDIA earnings are putting the AI boom back under the microscope. David Woo joins Maggie Lake to explain why he believes the bigger risk isn’t one quarter of results, but the assumptions holding up the entire AI trade.Woo argues that AI valuations are increasingly driven by winner-take-all expectations, massive capital spending, aggressive earnings presentation, and fear of missing out. He also explains why a break in the AI narrative could have serious consequences for the broader U.S. stock market.Topics include NVIDIA, AI stocks, Big Tech capex, Microsoft, OpenAI, Anthropic, S&P 500 exposure, earnings quality, and the risk of an AI bubble. 💡 From sky-high AI valuations and massive Big Tech spending to questions around earnings quality and what could happen if the AI trade breaks, David Woo explains why investors may be underestimating the risks beneath the boom — and why NVIDIA earnings could be an important test. Join the Wealthion community for more conversations on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/4gER4xy💡 Want more of David Woo’s independent macro, geopolitical, and market analysis? Follow his latest research and commentary at David Woo Unbound: https://www.davidwoounbound.com/Chapters:0:00 AI Bubble Warning: “It Would Be a Catastrophe”0:31 AI Valuations & the Winner-Take-All Bet1:00 Why Google Could Lose in the AI Race1:23 Does AI Actually Have a Competitive Moat?1:50 What an AI Bust Could Mean for the S&P 5003:03 Microsoft AI CapEx & Accounting Concerns3:55 AI Spending, FOMO & the Fear Trade4:20 NVIDIA, OpenAI & the AI Data Center Boom5:05 Are AI Earnings Being “Dressed Up”?5:55 How Wealthion Helps Investors Take Action Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #NVIDIA #NvidiaEarnings #AIStocks #AIBubble #ArtificialIntelligence #StockMarket #SP500 #BigTech #Investing #MarketOutlook #TechStocks #Wealthion________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 26 · 7 min

    Blind Investing Is Over: The Portfolio Shift to Make Before the Next Crisis

    The old “buy the S&P 500 and forget it” playbook may be getting riskier. Wealthion CEO Steven Feldman joins Maggie Lake to explain why rising deficits, persistent inflation, a weakening dollar, elevated stock valuations, and massive AI concentration are changing the investing landscape. Feldman lays out how investors should think about diversification in this new regime — including the role of gold, cash, real assets, energy, infrastructure, agriculture, and other scarce assets — and why protecting what you’ve already built may matter more than chasing the next huge return. 💡 From rising deficits and persistent inflation to AI concentration, elevated stock valuations, and the risks of blind indexing, Steven Feldman explains why investors may need to rethink diversification for the market regime ahead. Join the Wealthion community for more insights on protecting what you’ve built — and positioning your portfolio for what comes next: https://bit.ly/4qycGPq 💡 Want more from Steven? In the latest installment of his Open Position series, Steven continues exploring the idea of American exceptionalism and what it means for markets, investing, and portfolio construction in today’s environment. Follow Steven on LinkedIn for his latest Open Position insights and analysis: https://www.linkedin.com/in/stevenmfeldman1/ Chapters: 0:00 Blind Indexing vs. Intentional Investing 0:48 How to Diversify for Today’s Market Risks 0:57 Debt, Deficits, Inflation & Dollar Depreciation 1:36 Preparing Your Portfolio for a New Market Regime 2:58 How to Invest in AI Without Taking Too Much Risk 3:42 Gold as an Inflation & Dollar Hedge 4:22 Why Cash Matters When Stock Valuations Are High 4:42 Real Assets: The Most Overlooked Investment Opportunity 5:04 Rare Earths, Pipelines, Agriculture & Water Scarcity Is your portfolio actually diversified — or are you taking more risk than you realize? Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Investing #StockMarket #PortfolioStrategy #Diversification #SP500 #Inflation #Gold #RealAssets #AIInvesting #MarketRisk #IndexInvesting ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 24 · 10 min

    The Leveraged ETF Trap That Could Wreck Tech Stocks

    Leveraged ETFs promise amplified returns, but Kevin Muir warns they can amplify something else too: market chaos. He explains how 2x and 3x ETFs, daily resets, forced buying and selling, and “negative gamma” can turn ordinary volatility into violent market moves. With tech and semiconductor stocks in focus, Muir reveals the hidden market plumbing investors may be overlooking. 💡 From the hidden risks in leveraged ETFs to the market forces that can amplify volatility, Kevin Muir shows why understanding what you own matters. Join the Wealthion community at https://bit.ly/4cAwn3q for more expert insights on navigating risk and protecting your portfolio. 📩 Want more of Kevin's no-nonsense macro analysis? Subscribe to The MacroTourist for his unique market insights, trading ideas, and decades of experience navigating bull and bear markets: https://themacrotourist.com/ Chapters: 0:00 Leveraged ETFs Could Amplify the Next Market Selloff 0:26 Why Kevin Muir Is Worried About Leveraged ETFs 0:38 How 2x and 3x Leveraged ETFs Actually Work 1:41 The Hidden Risk of Daily ETF Resets 3:15 How a Leveraged ETF Can Get Wiped Out 4:29 Why 3x ETFs Create Even Bigger Risks 5:00 Could Hedge Funds “Hunt” Leveraged ETFs? 5:25 When ETF Hedging Starts Moving the Market 6:02 Gamma, Options and the Market’s Hidden Plumbing 7:18 How Leveraged ETFs Can Amplify Tech and Semiconductor Moves 8:05 Why Kevin Says Leveraged ETFs Exaggerate Market Volatility Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #LeveragedETFs #ETFs #StockMarket #MarketVolatility #TechStocks #Semiconductors #Investing #RiskManagement #PortfolioRisk #MarketCrash #FinancialMarkets ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 21 · 10 min

    The Commodity Boom Is Here — But Investors Could Get Burned

    Where are the best opportunities in commodities — and where can investors get burned?Jonathan Wellum breaks down how he approaches gold, silver, copper, uranium, rare earths and mining stocks, while explaining why some parts of the commodity sector can be highly cyclical and speculative.Wellum discusses why investors should understand their “circle of competence,” the risks of picking individual junior miners, and why ETFs or professionally managed vehicles may make more sense for gaining exposure to niche commodity themes.He also takes viewers inside the due-diligence process, explaining what professional investors look for before deciding whether a promising mining story is actually investable. 💡 Jonathan Wellum sees major opportunity across gold, silver, copper, uranium and other commodities — but warns that chasing speculative mining stories can quickly burn investors. He explains why discipline, quality and knowing your “circle of competence” matter more than ever in this commodity cycle. Join the Wealthion community for more on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/3SsSJgi 💡 Want to hear more from Jonathan Wellum? Watch our previous conversation with him for a deeper look at his investment philosophy, how he thinks about risk, and where he sees opportunity across today’s markets: https://www.youtube.com/watch?v=ezMiX0FtZ7g Chapters: 00:00 Commodity Investing: How to Avoid Getting Burned00:24 Gold, Silver & Critical Minerals: Where’s the Opportunity?00:59 Why Commodities Are So Cyclical01:18 Copper, Uranium, Silver & Gold02:23 Rare Earths: Opportunity or Speculative Trade?03:32 Know Your Investing “Circle of Competence”03:47 Commodity ETFs vs. Junior Mining Stocks05:24 How Professional Investors Evaluate Mining Stocks Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Commodities #Gold #Silver #Uranium #MiningStocks #Investing #RareEarths #Copper________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 21 · 16 min

    Gold Is Warning Us: The Financial System Is Changing

    Grant Williams says gold has just beaten its inflation-adjusted 1980 peak for the first time in 45 years, and that is the sound of the "howling wolf" returning to the financial system. Why he tells investors to forget the price and simply own it. Grant Williams joins Maggie Lake to revisit his gold-as-apex-predator thesis eight years on, using the reintroduction of wolves to Yellowstone as a metaphor for gold returning to a monetary system that has grazed itself bare since 1971. He explains why central bank behavior changed after 2022, why the old crisis reaction of buying dollars and treasuries is breaking down, and why he treats gold as protection for your purchasing power rather than a price to trade. What Williams covers: -The Yellowstone wolves, the trophic cascade, and gold as the financial system's apex predator -Why central banks doubled their gold buying and began repatriating it after 2022 -How the old crisis playbook of buying dollars and treasuries is breaking down -Why judging gold by a 20% move misses the point -Weimar, and the difference between price and purchasing power -Own versus buy, and where bullion ends and gold miners begin CHAPTERS 0:00 The Yellowstone wolves and the trophic cascade 1:13 Gold as the apex predator, removed since 1971 3:23 Gold as the howling wolf: a warning to change behavior 5:16 How central bank behavior changed after 2022 8:22 Did we miss the peak in gold? 8:53 Why the 20% bear-market rule misses the point 12:07 Debasement and the case for owning gold 13:55 Own versus buy, and bullion versus gold miners Grant Williams' core message is that protecting your purchasing power is a decision to own, not a trade to time. Making that decision inside a real portfolio, sizing gold and real assets against everything else you hold, is the practical next step, and it is what Wealthion membership is built for. It opens three doors: access to advisors who can help build real assets into your portfolio, and, for accredited investors, access to specialized funds. To see where you stand, start with a complimentary portfolio review: https://bit.ly/4ij9rJD 🚀 FOLLOW & JOIN WEALTHION:https://wealthion.com 🪙 MORE ON GOLD & THE DOLLAR: Grant Williams: Gold's Real Role and the Dollar's Future: https://www.youtube.com/watch?v=8QXFjrNQtF4 Pierre Lassonde: Gold Is Replacing the Dollar: https://www.youtube.com/watch?v=JpjLPYxlny8 The Central Bank Gold Rush: What It Means For You: https://wealthion.com/news/the-central-bank-gold-rush-what-it-means-for-you-chris-mancini #Gold #Investing #Dollar ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 21 · 28 min

    David Rosenberg: The Economy Is More Fragile Than You Think

    Veteran economist and market strategist David Rosenberg joins Maggie Lake to explain why he believes the U.S. economy is weaker than headline data suggests. Rosenberg breaks down slowing growth, disinflation, labor-market weakness, the disconnect between strong corporate earnings and stagnant household income, and why AI spending may be masking broader economic softness. He also makes the contrarian case that the Federal Reserve’s next move could ultimately be a rate cut—not another hike—and explains what investors should watch if the economy continues to lose momentum. 💡 David Rosenberg warns the U.S. economy may be far more fragile than it looks, with labor-market weakness and an AI boom masking broader softness. He also explains why the Fed’s next move could be a rate cut, not another hike. Join the Wealthion community for more on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/3UKCU5m 📘 David Rosenberg’s first book, Bear in the Bull Ring, is expected to be released in early October. Drawing on four decades in markets, Rosenberg shares the lessons, risks, and investing principles that have shaped his career as one of Wall Street’s best-known contrarian voices. Pre-order Bear in the Bull Ring here: https://bit.ly/4bZ3sWx Chapters: 00:00 David Rosenberg: Fed Rate Cuts & Economic Warning Signs 00:21 David Rosenberg on Bear in the Bull Ring 04:12 Will the Federal Reserve Cut Rates Next? 05:46 Weak GDP Growth & Falling Inflation 08:23 Why the U.S. Economy Is More Fragile Than It Looks 09:23 Labor Market Weakness Could Change the Fed’s Focus 10:08 Treasury Yields, Bond Markets & Inflation Uncertainty 13:53 Why Are S&P 500 Earnings Still So Strong? 16:51 AI Spending, Corporate Profits & Recession Risk 19:51 Is the AI Boom Masking a Weak Economy? 22:30 The Stock Market Wealth Effect & Consumer Spending 24:26 What Happens If Stocks Stop Rising? 25:34 Rising Real Rates Are a Threat to the Economy Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #DavidRosenberg #Economy #FederalReserve #StockMarket #Recession #Inflation #InterestRates #AI #Investing #Markets ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 18 · 27 min

    Oil to $120? Iran Could Trigger the Next Stock Market Shock | David Woo

    David Woo says markets may be dangerously underpricing the risk of escalation around Iran and the Strait of Hormuz. He explains why Iran has an incentive to push crude toward $100–$120, why tougher U.S. action could be bullish for oil and bearish for stocks, and how a confrontation involving China could raise the stakes even further. Woo also breaks down the shifting Russia-Ukraine war, the opportunity he sees in defense stocks, mounting pressure on Europe—and why he remains long oil as geopolitical risks build. 💡 From the risk of $100–$120 oil and a renewed Iran showdown to rising pressure on stocks, China, Europe, and global defense markets, David Woo explains why investors may be underestimating how quickly geopolitical tensions could turn into a broader market shock. Join the Wealthion community for more conversations on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/4gER4xy 💡 Want more of David Woo’s independent macro, geopolitical, and market analysis? Follow his latest research and commentary at David Woo Unbound: https://www.davidwoounbound.com/ Chapters: 0:00 Oil to $120? David Woo’s Warning for Markets 0:21 Iran, the Strait of Hormuz & the Oil Shock 4:33 China Could Send Oil Higher and Stocks Lower 7:30 Wealthion Membership 8:48 Could the U.S.-Iran Conflict Escalate? 10:32 Are Markets Underpricing the Iran Risk? 14:17 Russia-Ukraine War: Is Russia Gaining Momentum? 18:33 Why David Woo Likes Defense Stocks 20:03 What a Stronger Russia Means for Europe 21:51 Europe’s Energy Crisis & China Trade War Risk 24:08 David Woo’s Portfolio: Oil, Bonds, AI & the Yen Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 18 · 20 min

    The Recession Never Came. Is This Bull Market Just Getting Started?

    The recession everyone feared still hasn’t arrived — and the stock market keeps defying the bears. Ed Yardeni explains why he believes the U.S. economy remains resilient, why consumer spending and corporate earnings could keep the bull market moving higher, and why pessimistic investors may be missing what’s happening right in front of them. He also breaks down how he’s thinking about stocks, bonds, gold and emerging markets — and why the biggest AI investment opportunity may be in the companies using artificial intelligence to drive productivity and profits. Topics: stock market outlook, U.S. economy, recession, bull market, AI stocks, corporate earnings, consumer spending, investing, gold, bonds, emerging markets. 💡 From a recession that never arrived to resilient consumers, strong corporate earnings, and the next wave of AI-driven productivity, Ed Yardeni explains why the bull market may have more room to run — and how investors should think about stocks, bonds, gold, emerging markets, and the companies benefiting most from AI. Join the Wealthion community for more conversations on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/45sNWi5 Chapters: 0:00 Why the Bears Keep Getting This Market Wrong 4:35 Baby Boomers Are Keeping Consumer Spending Strong 6:49 Could a Bear Market Finally Break the Consumer? 8:47 Is the Stock Market Too Big to Fail? 11:11 AI, Productivity and the Future of Wages 14:16 Why the Perma-Bears Keep Getting It Wrong 15:25 Strong Earnings vs. Recession Fears 16:49 How to Invest: Stocks, Bonds, Gold & Emerging Markets 18:46 Why This Bull Market Is Different 19:35 The Biggest AI Investment Opportunities 20:15 AI Stocks: Financials, Cybersecurity & Healthcare Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #StockMarket #Recession #BullMarket #USEconomy #Investing #MarketOutlook #AIStocks #CorporateEarnings #ConsumerSpending #Gold #Bonds #EdYardeni ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 18 · 18 min

    The Financial System Is Cracking - Why Gold & Commodities Could Surge

    Top gold miners are earning margins above $3,000 an ounce, yet Jonathan Wellum says their stocks are still priced as if gold were far lower. Why he sees a rare gap between commodity cash flow and mining stock prices. Jonathan Wellum, CEO and CIO of RockLinc, joins Maggie Lake to explain why commodities and mining may be one of the most overlooked opportunities in the market. He connects Trump's push to revive US mining, deglobalization, and Western dependence on China for critical minerals to a simple imbalance: the world is demanding more copper, silver, uranium and gold than it produces, while capital keeps flooding into AI. He also lays out why mining equities lag their own cash flow, how he separates precious metals from critical minerals, and where he is cautious on the AI build-out. What Wellum covers: - What Trump's mining roundtable and the reshoring push mean for critical minerals - Why mining stocks lag despite record free cash flow and expanding margins - The debasement trade, record central bank gold buying, and a debt-driven case for hard assets - Precious metals versus critical and industrial minerals, and how RockLinc chooses among copper, uranium, silver, gold and potash - Charlie Munger's circle of competence, and why an ETF can beat picking junior miners - Reshoring beyond the miners, and why he is cautious on the AI CapEx story 💡 From years of underinvestment in critical commodities to mounting debt and an AI spending boom with uncertain returns, Jonathan Wellum explains why gold, silver, copper, uranium, and other real assets could matter more in the years ahead. Join the Wealthion community for more conversations on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/4bOwJTI 💡 Jonathan Wellum explains why debt, commodity shortages, and uncertainty around the AI boom could create both risks and opportunities for investors. Sign up for a free portfolio review with one of Wealthion’s trusted advisors to see how your portfolio is positioned: https://bit.ly/4xyF7PI Chapters: 00:00 Gold, Commodities & AI: What Investors Need to Know 00:58 Trump’s Push to Revive U.S. Mining 03:14 Silver & Copper Shortages Are Growing 04:29 Are Mining Stocks Still Undervalued? 06:20 Gold & Silver as Protection Against Financial Risk 06:44 Why Investors Are Still Missing the Commodity Trade 07:43 Debt, AI Spending & Stress on the Financial System 08:55 Mining Investing: Why the Story Isn’t Enough 09:57 The Reshoring & Infrastructure Investment Opportunity 10:38 Finding AI Winners Beyond Nvidia 13:41 The Big Risk Behind the AI CapEx Boom 16:27 Why Some AI Companies Could Go Bankrupt Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Gold #Silver #Commodities #MiningStocks #Investing #AI #StockMarket #PreciousMetals #Copper #Uranium #Wealthion ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 14 · 51 min

    Art Berman: The Global Energy Order Is Breaking

    Roughly six vessels moved through the Strait of Hormuz in a day, down from 130 to 140 before the war, and Art Berman says Persian Gulf oil production is down about 10 million barrels a day. His case: this is a bigger supply shock than COVID, and markets are barely pricing it. Geologist and energy consultant Art Berman returns to Wealthion with Maggie Lake to explain why the oil market looks calm on the surface while the plumbing underneath has changed dramatically. He argues the ceasefire optimism is misplaced, that markets are not wrong so much as focused on the wrong part of the system, and that the real story sits in upstream production, not tanker traffic through the Strait of Hormuz. What Berman covers: - Why Hormuz flows may not return to even half of pre-war levels before the middle of 2027 - Why markets are not getting it wrong, and what the shift in the futures curve is really signaling - How the oil market always clears, and why demand reduction is the ultimate default - Upstream, midstream and downstream: the distinction most headlines miss - The figure almost no one is discussing: Persian Gulf production down around 10 million barrels a day - Why, by one measure, this is a larger supply shock than COVID Chapters: 00:00 Art Berman: The Energy Order Is Breaking 00:54 Strait of Hormuz Crisis: Why Conditions Are Getting Worse 03:57 Oil Markets, Iran and the Risk Investors Are Pricing 10:05 Why Demand Destruction Becomes the Ultimate Solution 13:18 10 Million Barrels a Day of Oil Production Shut In 16:24 Oil Stocks vs. Flows: What Investors Are Missing 22:09 Hormuz, Panama Canal & the New Geopolitics of Choke Points 27:18 Why a Middle East Deal Won’t Quickly Restore Oil Flows 30:21 Why Shut-In Oil Production May Never Fully Recover 34:08 Art Berman Warns of an Unprecedented Energy System Shock 38:16 The Post-WWII Energy Order Is Unraveling 43:17 Oil Prices, Market Risk & How Price Discovery Really Works 💡 From the Strait of Hormuz and millions of barrels of shut-in production to the unraveling of the postwar energy order, Art Berman explains why this is far more than a temporary oil shock — and why the global energy system may never return to what it was before. Join the Wealthion community for more conversations on the forces shaping markets and how to protect and grow your wealth: https://bit.ly/4woj119 💡 Want to hear more from Art Berman? Explore his latest research, analysis, and insights on energy markets, oil, geopolitics, and the forces reshaping the global energy system at ArtBerman.com: https://www.artberman.com/contact/ Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #ArtBerman #OilPrices #EnergyMarkets #StraitOfHormuz #Iran #MiddleEast #OilMarket #EnergyCrisis #Geopolitics #CrudeOil #OilSupply #EnergySecurity #GlobalMarkets #Investing #MarketOutlook ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 13 · 18 min

    Soft Jobs. Hard Talent: Mining’s Hidden Bottleneck | Steven Enders

    The U.S. jobs market is cooling — but mining has a very different labor problem: finding the right talent. Veteran geologist and mining expert Steven Enders joins Maggie Lake to explain why the quality of people and management teams can make or break a mining project — even as the industry faces enormous demand for critical minerals. Enders breaks down the looming copper supply gap, why new mines remain so difficult to build, where we may be in the commodity cycle, and why AI can help the mining industry — but won’t solve its biggest problems. Plus: why he’s skeptical of mining project forecasts, what investors should look for in management teams, and the warning signs that tell him a commodity cycle may be getting mature. Topics include: • U.S. jobs market and mining’s talent challenge • Copper demand and the global supply gap • Mining stocks and commodity cycles • How to evaluate mining management teams • AI in mining and mineral exploration • Capex, opex and why mining projects run over budget • M&A and signs of a mature commodity cycle 💡 From a looming copper supply gap to mining’s hidden talent problem, Steven Enders explains why finding the right people may be just as critical as finding the right resources — and why AI alone won’t solve the industry’s biggest challenges. Join the Wealthion community for more conversations on the forces shaping markets and how to protect and grow your wealth: https://bit.ly/4wiKgKv Chapters: 00:00 Copper, Talent & Mining’s Biggest Challenges 00:40 The Looming Copper Supply Deficit 02:12 Why Steven Enders Is Bullish on Copper 03:43 Mining’s Hidden Talent Problem 05:38 How to Evaluate a Mining Management Team 07:58 Critical Minerals & Government Support 08:50 Can AI Transform Mining and Exploration? 10:51 M&A, Commodity Cycles & “The Crazies” 12:54 Mining Volatility & Long-Term Investing 14:56 Why Mining Project Costs Are Often Too Low Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Copper #Mining #Commodities #Jobs #CriticalMinerals #AI #Investing ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 11 · 26 min

    The Fed’s Credibility Is on the Line, Ed Yardeni Warns

    The U.S. economy has survived higher rates, tariffs, inflation, geopolitical shocks and repeated recession warnings. Ed Yardeni says there’s a reason: the American consumer remains remarkably resilient. In this conversation, Yardeni explains to Maggie Lake why he believes the economy could stay strong through the end of the decade — but warns that the Federal Reserve now faces a serious credibility test as inflation remains above target. We discuss why Yardeni thinks the Fed should move in September, the return of the “bond vigilantes” — a term he coined in 1983 — the risks building in Japan, and what the next inflation report could mean for markets. Yardeni also lays out his provocative “G-shaped economy” thesis: older, asset-rich Americans are thriving and spending, while younger generations continue to struggle with housing and affordability. Topics include: • Why Yardeni calls the U.S. consumer “bulletproof” • The Fed’s September decision and inflation risk • The return of the “bond vigilantes” — and why long-term yields could revolt • Japan and the threat of a renewed currency crisis • The “G-shaped economy” and America’s generational divide • What investors should watch in the next CPI report 💡 From a “bulletproof” consumer to renewed pressure from the bond vigilantes, Ed Yardeni explains why the U.S. economy remains remarkably resilient — and why the Fed’s credibility could soon be tested. Join the Wealthion community for more conversations on the forces shaping markets and how to protect and grow your wealth: https://bit.ly/4wiKgKv Chapters: 00:00 Cold Open 00:16 Ed Yardeni on the U.S. Economy 00:43 Why This Economy Refuses to Break 02:17 The “Bulletproof” American Consumer 04:24 Bond Vigilantes & the Risk of a Debt Revolt 08:56 Is Inflation About to Become a Bigger Problem? 10:53 The Fed’s Credibility Is on the Line 12:43 Yardeni’s “G-Shaped Economy” 14:42 “Intergenerational Theft” & America’s Wealth Divide 18:07 How Fragile Is the U.S. Treasury Market? 20:27 Japan’s Currency Crisis Risk 21:50 The Next CPI Report Could Test the Fed Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 10 · 9 min

    Taxed for Leaving? Chris Casey Warns Wealth Taxes Are Spreading

    Could your state make it more expensive to leave—or tax wealth you haven’t even sold? Chris Casey, founder of WindRock Wealth Management, breaks down the growing push for wealth taxes, exit taxes, taxes on unrealized gains, and new pressures facing real estate owners. He explains why cash-strapped states may increasingly target wealthy residents for revenue, why those policies could drive taxpayers elsewhere, and why he believes the impact may eventually reach far beyond the ultra-wealthy. Casey also explains what investors and property owners should be watching as state tax policies become more aggressive. 💡 From exit taxes to wealth taxes and new pressure on real estate, Chris Casey warns that state-level tax policy could have much broader consequences for investors. Join the Wealthion community for more conversations on how to protect and grow your wealth: https://bit.ly/4xpoGF4 💡 Want to learn more about Chris Casey and his work on wealth protection, tax risk, and portfolio strategy? Explore his background at WindRock Wealth Management: https://www.youtube.com/watch?v=l2DdcqtoBYs Chapters: 00:00 Wealth Taxes, Exit Taxes & Real Estate Under Attack 00:23 What Is Financial Repression? 00:50 Exit Taxes: Could You Be Taxed for Leaving a State? 01:32 Could State Exit Taxes Become More Common? 01:54 Why Wealthy Americans Are Moving to Lower-Tax States 02:16 How Wealth Taxes Could Work 02:34 California’s Proposed Wealth Tax Explained 02:59 Why Wealth Taxes Could Drive Taxpayers Away 03:37 Are Wealth Taxes Spreading to Other States? 03:56 Could Exit Taxes Be Applied Retroactively? 04:16 Could Wealth Taxes Go Federal? 04:40 Do Wealth Taxes Actually Work? 05:35 Could These Tax Proposals Become Law? 06:08 How Wealth Taxes Could Hit Real Estate 06:53 Taxing Unrealized Real Estate Gains 07:14 New Taxes on Homes, Condos & Property 07:33 Why Chris Casey Says Real Estate Is Under Attack 08:02 “Eventually This Is Going to Hurt Everybody” Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #WealthTax #ExitTax #RealEstate #Taxes #Investing #WealthManagement #ChrisCasey #MaggieLake #Wealthion ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 6 · 46 min

    The Bond Market Is Flashing a Major Warning | Steve Hanke

    Are investors missing the biggest risks facing the global economy? In this exclusive interview, renowned economist Steve Hanke joins Maggie Lake to explain why he believes markets have become dangerously complacent about rising bond yields, inflation, geopolitical conflict, and America's growing fiscal challenges. Hanke discusses why the "bond vigilantes" are back, what rising Treasury yields could mean for stocks and housing, whether inflation is becoming entrenched again, and why he believes investors should be paying far closer attention to the bond market than the stock market. The conversation also explores: *The outlook for inflation and interest rates *Treasury yields and the U.S. fiscal deficit *The economic impact of the Middle East conflict *China's growing geopolitical influence *Whether U.S. stocks are in a bubble *Gold, deficits, and long-term fiscal sustainability *What investors should watch over the coming months Whether you agree with Steve Hanke's conclusions or not, this conversation offers a provocative perspective on the macro forces shaping today's markets. 💡 Steve Hanke says today's biggest risks aren't fully priced into the markets. If you want more independent macro analysis like this, join the Wealthion community at https://bit.ly/4xqCPlD for exclusive interviews, expert research, and actionable investing insights. Chapters: 00:00 Cold Open: Steve Hanke's Biggest Warnings 00:20 Why Markets Are Ignoring Major Risks 01:12 Bond Yields, Inflation & the Return of the Bond Vigilantes 05:16 Middle East Conflict, Oil Prices & Inflation Risks 09:55 Steve Hanke: "We've Already Lost the War" 13:37 What Critics Get Wrong About His Outlook 15:15 Could Treasury Bonds Become America's Biggest Weakness? 22:30 China, Tariffs & Why Beijing Holds the Leverage 30:43 Why the Bond Market Could Trigger a Stock Market Selloff 31:57 Can Revaluing Gold Solve America's Debt Problem? 38:16 Steve Hanke's Solution to America's Debt Crisis Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #SteveHanke #BondMarket #Inflation #InterestRates #Investing #Macro #StockMarket #China #Finance ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 5 · 14 min

    Gold's Bull Market Isn't Over, But Don't Buy Yet

    Is now the right time to buy gold and gold stocks—or should investors wait? In this Wealthion interview, veteran resource investor Lobo Tiggre tells Maggie Lake why he sold every one of his gold and silver stock positions, why he refuses to chase the current rally, and the warning signs he believes investors should watch before putting new money to work. While many investors remain bullish on gold, silver, mining stocks, and commodities, Lobo argues that having the right long-term thesis doesn't always mean it's the right time to buy. He explains why market history, investor psychology, and disciplined risk management matter more than fear of missing out. In this interview you'll learn: * Why Lobo Tiggre sold all of his gold and silver stocks * Whether the gold bull market is still intact * The biggest mistakes gold investors make * How to identify warning signs before buying * Why patience can outperform chasing momentum * Gold vs. silver vs. commodity investing * The role of risk management in volatile markets * Why "don't confuse the inevitable with the imminent" is one of the most important investing lessons 💡 Want more investing insights like Lobo's? Visit https://bit.ly/4q3wTg2 and become a member of our community for exclusive interviews, expert research, and independent market analysis. 💡 Like Lobo Tiggre, invest with conviction—not FOMO. Join Wealthion's Real Assets Community for exclusive research, expert interviews, and actionable insights: https://bit.ly/4fFcUAD Chapters: 00:00 Why I Sold Every Gold & Silver Stock I Owned 00:18 Where Are We in the Gold Bull Market Cycle? 00:50 Is Gold Repeating the 1980 Market Top? 01:49 Gold Warning Signs Every Investor Should Watch 02:34 What the 2011 Gold Crash Taught Me 03:45 Rick Rule's Rule: Don't Confuse the Inevitable with the Imminent 05:24 Why Lobo Is Still Bullish on Gold—But Not Buying Yet 07:36 Gold vs. Copper: Will the Commodity Supercycle Continue? 09:16 Have Gold & Silver Bottomed? Lobo's Answer 09:50 Why Great Investors Ignore FOMO 11:21 The #1 Mistake Gold Investors Make Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Gold #Investing #GoldStocks #Silver #SilverStocks #PreciousMetals #Commodities #MiningStocks #PortfolioManagement #InvestmentStrategy #WealthManagement #Finance #MarketOutlook #RiskManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

  • August 4 · 45 min

    Treasury Yields Could Break the AI Boom

    Could rising Treasury yields trigger the next major market downturn? In this exclusive interview, Jesse Felder, founder of The Felder Report, explains why he believes the 10-Year Treasury yield is the most important chart in the world—and why it could derail the AI boom, pressure stocks, and expose deeper problems in the global economy. Felder argues that investors are underestimating the risks building in the bond market, warns a slow-motion debt crisis is already underway, and explains why soaring government debt, persistent inflation, and higher interest rates could reshape markets for years to come. He also shares why Warren Buffett's massive Treasury position makes sense today, why momentum investing may be breaking down, where he sees value emerging, and why energy, oil, and commodities could outperform in the years ahead. In this interview: * Why Treasury yields matter more than ever * The biggest risk facing the AI boom * Why Jesse believes a debt crisis has already begun * The Federal Reserve's inflation challenge * What rising bond yields mean for stocks * Warren Buffett's defensive strategy * Gold, oil, and commodity investing * Value investing vs. momentum investing * What every investor should be watching next 💡 If you're looking for deeper market intelligence, not just more market noise, join the Wealthion community at Wealthion.com. You'll get exclusive insights from Jesse Felder and many of our leading experts, along with deeper analysis and conversations available only to our members. Chapters: 00:00 Jesse Felder's Biggest Market Warning 00:18 Join the Wealthion Community 00:45 Why Treasury Yields Matter More Than Stocks 02:38 The 10-Year Treasury & a Slow-Motion Debt Crisis 05:34 Is the Fed Losing Control of Inflation? 10:07 Japan, Government Debt & Bond Vigilantes 13:45 Why Treasury Yields Keep Rising 16:42 Could Higher Bond Yields Crash Stocks? 19:10 Gold's Next Move & Future Fed Rate Hikes 22:23 Where Should Investors Hide? (Warren Buffett's Strategy) 24:58 Is the AI Bubble Finally Bursting? 30:49 "The Beginning of the End" for AI Stocks? 34:56 Why Oil & Energy Could Be the Best Investment 38:49 Biggest Risks for Markets This Fall 39:17 AI Earnings, OpenAI & the Circular Financing Problem 42:40 Final Warning: Watch Treasury Yields Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Showing 1–20 of 33 episodes