#173 Dave Collum On Why We’re Headed For A 40-Year Bear Market

Dave Collum, Professor of organic chemistry at Cornell University and Zero Hedge Contributor, joins The Julia La Roche to share his views on the economy and markets. In this episode, Professor Collum makes a case that the market today looks “more insane than the dot-com bubble” and why we could be headed for a 40-year bear market. Links:  Twitter/X: https://x.com/DavidBCollum Year-end review: https://peakprosperity.com/dave-collums-2023-year-in-review-down-some-dark-rabbit-holes/ Timestamps:  0:00 Intro and welcome Dave Collum  1:18 Lessons in chemistry  7:00 Investing — bonds, equities, gold  9:10 Gold  14:47 Elizabeth Warren  17:15 Financial crisis  20:13 Case for a 40-year bear market  21:30 Macro view — about to start a serious downturn and we’ve had no pain  29:30 Demographics  30:58 Tailwinds  33:20 BRICs 36:40 Election  42:02 How do you prepare for this macro environment + bear market thesis + end of American experiment  45:00 Prepper 47:19 Bitcoin  49:08 Performance this year — ‘an old man’s portfolio’  51:23 Not your typical Ivy League professor + campus culture today as someone who is “Trump tolerant” + cancel culture  1:04:37 Optimism   1:11:58 Closing