The economy is more likely to expand rather than contract and bring with it higher asset prices, including potentially Bitcoin above $100k by mid-2024, and oil to $300 according to Clem Chambers, CEO of Online Blockchain.
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*This video was recorded on December 11, 2023
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0:00 – Intro
2:20 – Economic recovery
7:48 – Interest rates
9:45 – Stock markets
14:22 – Real estate
18:11 – $300 oil
27:05 – Bitcoin
33:34 – Sentiment
36:00 – Gold
40:40 – Best vs worst assets in 2024
#stocks #bitcoin #oil
48 Comments
Is 2024 the year records are broken for Bitcoin, stocks, and oil? Comment below and don't forget to "like" this video and subscribe!
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Would like to see a discussion with him & Tavi Costa or Rick Rule on gold, for sure that would be animated! He preaches for his own chapel here. I guess everyone has a bias! 300 bucks for oil in 2024?? come on 😂 the whole economy would be at a standstill then…
Powell's tarnished reputation at the Fed is only because he was appointed by Trump. Do people really think Ben Bernanke was better. Give me a break.
Ridiculous interview David.
lol, this clown is saying printing money is ok to keep the economy strong
The only thing this guy knows is what happened yesterday all these financial experts just talk about markets that's not the ecoonmy
I think this guy is drinking omg
I'm guessing he didn't watch you video with Felix last week. How confusing it is with all these different "Experts" with totally different market forecast for 2024. For me what Felix explained and forecasted for the short and longer term made complete sense. Most of what Clem says here is quite nonsensical IMHO. Just process the one thing Clem says here and you get what I mean which was "The stock market is the indicator on how well or bad the economy currently is". That one statement is nonsense. It may have used to be that way many years or decades ago but not since 2008 and especially not since Covid. The stock market is mainly up where it is due to taking rates to zero holding them there for a year and a half. The other huge reason is because the FED pumped 10 Trillion into the economy from 2018 to 2021. All that is total fake hot air in the massive market balloon they created. That air is coming out in 2024.
I can't listen to him he is worse than biden
Quality conversation and insights as usual, thank you both
This guy is always behind the curve
How about instead of giving money to the poor OR the rich… we stop printing money and giving it to anyone!!
That way money can go to people who actually earn it through their labor and productivity, rather than pandering to voters or favoring political constituents! 🤦♂️
Um. Around the end of April, early May 2011. I checked the price of silver in China at 2 AM. I'd made (on paper) an awful lot of money from 4PM to 2AM. But I couldn't or didn't know how to sell at that hour. By the open it was all gone.
When one expert says economy collapsing, another says economy thriving in 2024, and others say everything in between, it's hard to take what any of these so called "experts" say seriously. I can just flip a coin instead and get a more accurate prediction.
Awesome chat dudes 😎
This guy is completely out to lunch 😅
Clem!!! Yes!
Hey David, I understand that you are just a sort of reporter, but all your so called experts realy stink in their predoctions, forwatding lame excuses, it's not me it's markets changed! I believe the are a bunch of lulus, who do.not lnow their asses from their elbows. You should cut interviews with those jerks, otherwise David Lin is gonna be soon proclaimed as a king of bullshitters!
keep hitting the door and the door will get weaker by the 7th time and it will finally breakout , buy gold and silver
I don't know what they are smoking but I sure would like to have some.
0:00: 📈 The speaker discusses the shift in market sentiment and the importance of identifying market trends.
3:43: ⏳ The video discusses the challenges and slow recovery of the workforce and economy post-pandemic.
7:54: 💰 The video discusses how inflation was created to address pandemic-related problems and how the FED is clamping down on money supply through quantitative tightening.
11:57: 💰 The video discusses the potential impact of re-engaging quantitative easing (QE) on the stock market and the economy.
16:13: 🏠 The speaker discusses the impact of liquidity and high interest rates on property markets.
20:29: 📈 The speaker discusses the potential increase in oil prices and its impact on the market.
24:31: 💰 The cost of oil as an input in the economy is significant, but not the only factor affecting gas prices.
28:10: 💰 The speaker discusses the fear of losing profits in volatile markets and the importance of knowing when to sell.
32:50: 📉 The speaker initially expressed bearish views on Bitcoin, but upon analyzing the chart, acknowledges its strong potential for growth.
36:24: 💰 The speaker discusses the gold stock chart and its potential for a significant breakout.
40:52: ⬆ The speaker is optimistic about the potential for a good year for cryptocurrency and crypto equities in 2024.
Recapped using Tammy A I
Wow this guy full of horse manures!!!
love this guy
NYKNYC. itrustcapital doesn't have self custody multisig right?
Roaring 20s first.. us stock market bubble about to pop.
This guy is old af and refuses to change based on the new investing landscape. Get this guy out of here
A pair of former Bank of Canada governors believe Canada can expect a soft landing after the current economic downturn.
David Dodge, who served as the Bank of Canada’s governor from 2001 to 2008 and, told BNN Bloomberg that he thinks Canada’s economy will rebound from its period of weakness.
What changed? Market went up, he follows the tape. 😂
This guy is a non intellectual in every respect. Stopped listening when he opened his babbling mouth.
loved the video!
Goldilocks Rainbows and bunnies
“Oil going nowhere but up”, yea ok, 52 week lows today, bugger
$300 oil? More like $30 oil
Thank you, nice interview with new angles of approach.
Sir, we have a national debt of 34 Trillion Dollars, Americans have racked up credit card debt of 1.3 Trillion Dollars, the unemployment rate being reported is bogus, most of these jobs are low paying service sector positions. I think we have all learned that the stock market/wall street is a rigged game. Not sure what alternative reality you are living in. 2024 is going to volatile and possible civil unrest with our upcoming election. My advise, pay off any debt, stack cash, buy gold and silver. Do not listen to these casino managers looking to gin up the action.
Right on point: tax on energy! 😆
Of course the govs can make some money (taxation is our social contract) but it is the spending and the incapability of the govs that makes it increase for ever more … untill the people stop them and demand value for their money.
My ‘rational’ gutfeel says: bitcoin yes, oil no.
Clem!
Sounds like we got a new Cramer
No one can mess the economics better than the politicians! 😂😂😂 So true!
What the heck is this guy talking about
Is there a new drug in the UK ?
Feds printing 40% of currency, core inflation still high, savings wiped out. Is great to see the other side of the coin and this guy seems to have a good argument but totaly dilusional. Not even his thumbnail picture is real.
Popular lies debunked: Icecaps are growing not melting, and ice bears are not endagered at all. Human CO2 contributions are hardly measurable regarding climat. Do not fall for it!
What a laugh! How to make the markets hilarious. David loved his sense of humour.
By the way, the thing that was sort of glossed over in this conversation wasn't that the economy stopped. The economy was stopped! The economy could have kept going, yes at a diminished way, and yes it would have been hurtful, but it probably would not have created the sort of malinvestment and distortions that we did the way we did it. So we are still suffering through those distortions and quite frankly we don't know what the result is going to be. There are plenty of zombies out there, companies, government, people.
This guy's a little loony the cracks go all the way up to the surface the yield curve is predicting the recession and that prediction is 100% going all the way back earlier the 1950