ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
February 9, 2024 | Lower Interest Rates Do Not Equal Good Times
Bob Hoye
Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.
Will Canada and the US ever become affordable again?
Listen to Podcast:
STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.
Bob Hoye Archives February 9th, 2024
Posted In: HoweStreet.com Radio
Previous: « Yell is at it Again – Get Those Damn Americans
Hi Bob and Jim. The financial media is reporting that a severe deflation has overtaken China. They also report that many “third world” and emerging market economies are experiencing inflation while the USA, Canada and the EU seem to be alternating between inflation and disinflation. Bob, I’m confused. Who is leading the way this time around, China or the USA? Can China export deflation to the rest of the world while, at the same time, the USA and the West are exporting inflation via money printing and deficit spending? Will central banks, via coordination of monetary policy, engineer a soft-landing via disinflation? I am hoping for deflation – everything is just too expensive!
Greetings Bob and Jim. Today’s investors are said to have “Diamond Hands”, that is, despite volatility and risks they believe that meme stocks, the magnificent seven, AI stocks, bitcoin and lithium will all go to the moon. That supposedly acid-inspired 1967 Beatle Song “Lucy in the Sky with Diamonds” remind me of “Diamond Hand” Investors today. As the Lyrics go, “Somebody calls you, you answer quite slowly, a girl with kaleidoscope eyes”; “Everyone smiles as you drift past the flowers, that grow so incredibly high”; “Look for the girl with the sun in her eyes”.
Bob, will these investors and hedge funds “fold ’em” and walk away in March as some analysts predict or, as others predict, ride this parabolic rally through the 2024 US presidential election only to experience another 1929 style market crash?