In a deep dive into the world of finance, the discussion revolves around the current state of commodities, mining stocks, and the looming question of a U.S. recession. Sam Burns, the chief strategist at Mill Street Research, shares valuable insights into macroeconomic indicators and their implications for the market.
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Guest: Sam Burns, Founder & Chief Strategist
Company: Mill Street Research
Twitter: @MillStResearch
www.millstreetresearch.com
#gold #recession #soarfinancially
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21 Comments
One month T-bills are paying 5.6%. If the whole $33T debt was one month T-bills, annual debt service costs would be $1.85T. Two years ago record tax receipts amounted to $4.74T. Something is going to break, and soon!
Golds shines brightest during a monetary crisis; a record breaker is imminent.
The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are headed for hyperinflation,it is always the poor who take the hit.
Someone sounds a bit scripted
The market is more volatile than ever. I've been holding cash since '20 pandemic crash, but just went "all in" bought up $250k worth of ETF's & individual stocks at discount, and hoping to average down on ailing companies, in order to achieve passive income and early retirement.
Come on guys…
WE ARE IN RECESSION NOW
Gov changed definition,
You should know Gov Spending adds to GDP.
You cant say the gov is spending like a drunkin sailor with $2 Tril deficit and say Yippie- no recession
how many analysts called the Lehman collapse, ZERO
so i would expect anything from analysis
Laurel Dell Sroufe STOLE ALL MY MONEY!! DON'T TRUST HER!!!
Reason the numbers show no recession is price inflation level reported lower than it actually is.
Sorry but l really need to scream at this invited guest who has not linked as yet the enormous fiscal spending by the Biden administration and the near 2 trillion budget deficits to the rate of inflation and a bond market where the increased yields have collapsed the price of bonds allowing the crisis to spread to the insolvent regional banks including the decline in value in the commercial real estate market. What is facing America in the short run is a financial crisis that will plunge the economy into a massive recession or depression. The inverse yield curve is a massive red light indicating future lower levels of economic activity and a recession.
YOLO hit . YOLO. As long as Americans have any access to money…they Will spend it
Do us a Solid and dont give this guy air-time!
Luke Gorman makes this guy look out of touch with macro econ reality.
The economy will fall off the cliff between the second and third quarter of next year.
It hasn't happened because the dollar is the global reserve currency. Other countries are suffering more, especially ones that borrowed dollar-denominated debt. However the US is the most indebted nation in world history, and the debt is not repayable. That is an open secret; the only way to get out from this nightmare debt is to hyper inflate it away. The Fed will abolish the middle class before they give up their printing press.
Strategic play to 2030 should include coal.
Does that video title really warrant a 3 minute opinion discussion by Mr Burns. At least split the video into titled segments so the audience doesn't need to sit through all 30 minutes to obtain 3 minutes relating to PMs.
If anyone wants to get the best forecast on PMs simply watch the CPM Group channel. Jeffery has 40 plus years in the business and is the most accurate of anyone I have seen the past 5 years I have been paying close attention to the PMs sector. Some don’t like him because he does not hype metals prices but the truth is all the ones hyping Gold 5k – 10k by next year the past 5 years have been completely destroyed and shamed. There are a lot of them out there and here on YT. I like logical level headed metals analysis and that’s what Jeffery at CPM Group consistently gives. He is bullish both Gold and Silver but keeps it all real if you get my meaning.
So gold and metals will be under pressure and may go down even furthe, good luck
It's getting real now. The economy is going to balloon quick and burst and ready to ready to roll over by end of 4th qtr. Take cover now. get out of the "system". Buy Ag Au Cu U.
But they revise GDP downward every quarter, several months later. Most economic indicators are revised downward after their initial release.