John Rubino, Founder of The Dollar Collapse website, joins us for a wide-ranging discussion on persistently high inflation, manufacturing weakness, the ramifications of central banks tightening into an economic contraction, more weakness in the housing market, the energy sector, and the rollover in tech stock leadership, as money keeps rotating. With so many areas of the economy under pressure, and earnings reports failing to live up to current general equities valuations, many investors are struggling to adapt and recognize the days of simply buying the dip are over, as the bear market continues to unfold. Analysts are finally starting to look for the price to earnings ratios to be in the realm of believable and this presents more room for pricing to retrace back down to where the fundamentals are aligned.
We get John’s thoughts on the energy sector, how oil and nat gas have stayed elevated, due to bad energy policies from many countries that lead markets to this point. John is most optimistic on the prospects of increasing nuclear energy power generation, and what that may mean for higher uranium prices and the uranium mining stocks. John also outlines some fundamental drivers of the physical markets that may be constructive for silver prices moving forward.
Wrapping up, we look at the rotation out of the prior sector leaders, like the FAANGS stocks of yesteryear, and how we are getting more of a return to the mean in many sectors through the continued corrective action; and that out of this market rebalancing that new leadership will emerge.