John Rubino – Economic Data Continues To Be Weak, But Markets Keep Rallying Anyway
John Rubino, Founder of the Dollar Collapse website and editor of a recently launched newsletter over at Substack, joins us to review what catalysts could be causing most markets to keep rallying higher when most economic data points to the economy heading into a deeper contraction and recession. John points out that this is a scenario where bad economic news is considered good market news, as it means the Fed and other global central banks will slow down the pace and amount of rate hikes moving forward, and after pausing, eventually become more accommodative once again.
The discussion gets into a range of macro fundamentals from consumer credit card debt, the real estate market, manufacturing weakness, bad corporate earnings, inflation, currencies, interest rates and more. We wrap up with John providing some actionable steps investors can take to benefit from the economic trends we are seeing highlighting the gold and silver royalty and streaming companies, uranium stocks, and oil stocks as areas of potential opportunity.