#173 Dave Collum On Why We’re Headed For A 40-Year Bear Market
Dave Collum, Professor of organic chemistry at Cornell University and Zero Hedge Contributor, joins The Julia La Roche to share his views on the economy and markets. In this episode, Professor Collum makes a case that the market today looks “more insane than the dot-com bubble” and why we could be headed for a 40-year bear market. Links: Twitter/X: https://x.com/DavidBCollum Year-end review: https://peakprosperity.com/dave-collums-2023-year-in-review-down-some-dark-rabbit-holes/ Timestamps: 0:00 Intro and welcome Dave Collum 1:18 Lessons in chemistry 7:00 Investing — bonds, equities, gold 9:10 Gold 14:47 Elizabeth Warren 17:15 Financial crisis 20:13 Case for a 40-year bear market 21:30 Macro view — about to start a serious downturn and we’ve had no pain 29:30 Demographics 30:58 Tailwinds 33:20 BRICs 36:40 Election 42:02 How do you prepare for this macro environment + bear market thesis + end of American experiment 45:00 Prepper 47:19 Bitcoin 49:08 Performance this year — ‘an old man’s portfolio’ 51:23 Not your typical Ivy League professor + campus culture today as someone who is “Trump tolerant” + cancel culture 1:04:37 Optimism 1:11:58 Closing