Episode Details

New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for episode 238 to discuss the markets and the economy. New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for episode 238 to discuss the markets and the economy. McDonald explains why we're facing an engineered economic slowdown as the new administration tackles persistent inflation and massive debt issues. McDonald reveals how the top 10% now drives 60% of consumption, why hard assets like copper will outperform technology in our new stagflationary environment, and how "financial repression" may be the only viable strategy to manage our $37 trillion debt burden.

Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia

Links:

How To Listen When Markets Speak: https://www.amazon.com/Listen-When-Markets-Speak-Opportunities-ebook/dp/B0C4DFVFNR

Twitter/X: https://twitter.com/Convertbond

Bear Traps Report: https://www.thebeartrapsreport.com/

0:00 Introduction and welcome

1:25 Overview of fiscal stimulus and inflationary forces

3:50 Top 10% of consumers responsible for 60% of consumption

7:16 Treasury debt strategy and need to get rates down

9:16 Discussion of engineering recession to kill inflation

13:39 Market signals pointing to recession risk

15:42 Copper as a contrarian investment opportunity

19:50 Effects of job reshoring and war rebuilds on inflation

22:15 Hard assets outperforming in stagflationary environment

25:05 Issues with rapidly cutting government spending

26:38 New portfolio construction for inflationary regime

29:08 Bear Traps Report approach and financial repression strategy