MI255 Navigating Bubble 3.0: Is This Time Different? w/ David Hay

<p>Rebecca chats with David Hay. Together, they engage in conversation regarding David's market outlook for 2023, the reasons behind his belief in an earnings recession, and various other topics.</p><p>David Hay is a longtime investment advisor, where he is currently the Chief Investment Officer at Evergreen Capital. He is also a financial author and recently wrote the book titled: Bubble 3.0: History’s Biggest Financial Bubble.</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong>&nbsp;</p><p>00:00 - Intro</p><p>04:51 - Why David believes we will have an earnings recession and markets have yet to price this in.&nbsp;</p><p>09:55 - How the tremendous amount of government debt that needs to be issued and rolled over could mean interest rates go up in a recession.&nbsp;</p><p>13:41 - Why David believes we could see inflation come back.&nbsp;</p><p>17:45 - What impact China’s reopening could have on the US economy and the Fed’s goal of achieving a “soft landing”.&nbsp;</p><p>23:47 - David’s outlook on energy and why thinks we could see a third year of outperformance.&nbsp;</p><p>27:12 - David’s investment thesis behind USO, Shell PLC and CTRA.&nbsp;</p><p>40:18 - David’s outlook on the uranium sector and thesis on Sprott Physical Uranium Trust.&nbsp;</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out David’s financial writings:&nbsp;<a href="http://haymaker.substack.com/" rel="noopener noreferrer" target="_blank"><strong>Haymaker.</strong></a></li><li>Check out David’s book:&nbsp;<a href="https://awesound.com/a/bubble-30-historys-biggest-financial-bubble" rel="noopener noreferrer" target="_blank"><strong>Bubble 3.0: History’s Biggest Financial Bubble (audiobook on Awesound)</strong></a>&nbsp;USE DISCOUNT CODE:&nbsp;<strong>MINVEST33</strong></li><li>Related Episode: Listen to&nbsp;<a href="https://link.chtbl.com/MI231" rel="noopener noreferrer" target="_bla