Jim Grant: Stagflation & Bear Markets To Define 2023

In the wake of the 2008 Global Financial Crisis, central banks drove interest rates down to unprecedented lows and kept them there for the better part of a decade.

The world economy then became addicted, some would say dependent, upon a zero-cost capital world.

But now inflation is forcing interest rates to rise sharply around the globe, at the fastest pace on record. This sea change in rates is depressing economic growth, shocking the financial system, and resulting in one of the worst years in history for stocks and bonds.

To find out where things are likely headed from here, we sit down with the world's top expert on interest rates, James Grant, esteemed publisher of Grant's Interest Rate Observer.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion’s endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth.

#inflation #stagflation #bearmarket #interestrates

0:00-1:54 - Intro
1:54-4:56 - State of Economy & Markets
4:56-8:23 - Severity Of Current Rate Hikes
8:23-15:01 - What Are Rates Telling Us?
15:01-18:20 - Negative Wealth Effect
18:20-28:19 - How High Will Rates Go?
28-19-33:26 - Treasury Market Fragility
33:26-38:19 - If Jim Ran The Fed...
38:19-49:18 - Stagflation Outlook
49:18 - Conclusion
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

[steve]

Jim Grant is one of the few grown-ups out there and so is ignored by the spoiled brats of corporate media.

[incurableromantic]

Grant must be so happy that after 15 odd years he finally has an actual interest rate to observe!

[Eleuthero]

Jim Grant is always one of my favorite financial experts. Great interview.

[socrates]

"Inflation is basically something for nothing. Inflation is debt forgiveness. It is government stimulus. It is entitlements. It is consumption without corresponding production." -- Jim Grant

[mohammadismail]

Thank you for bringing Jim Grant. I have followed Jim for over thirty years. No one can match his insight and historic perspective.

[richardstephenson]

Thank you so much for that wealth of knowledge, humility and humor that both of you put forward in this interview.

[sdfswords]

Jim is a fixed income icon, I've followed him and read his brilliant letters since the 80's, I've learned so much from him.

[johnbracken]

Grant has such a graceful handle on English language. Smooth as silk.

[Tnkcommander]

His definition of inflation was really good, very concise way to wrap your head around the concept. Overall a defining marker of his interview - concise and thoughtful commentary.

[davidchulak]

Bring Jim back please. Great interview. Thanks

[anahitakatrak]

Always a pleasure to listen to Mr. Jim Grant, a well researched data.

[SharolTilgner]

Adam, Could you address the diesel supply issue in a future show. Seems it could really slow delivery of food and other needed supplies.

[apga]

Just excellent from beginning to end. Thank you. Listeners, you’ve been warned.

[thenewwayhome]

What a brilliant conversation, James and Adam! It's great to hear expert insights into today's economic condition. Great work!

[RobWilliams]

Hello Adam. Good to see you make the rounds on The Rebel Capitalist and other places. You’re becoming a great success. Glad to see it.

[mattanderson]

Thank you so much for a brilliant interview!

[yankelovich]

Thanks a bunch! Great stuff. Love Jim. Bring him back.

[costaselgreco]

Superb economist. Loved his view of inflation.

[jamesalec]

Thanks. I really like this interview with Jim Grant, so glad you had him on. Appreciated the humor too. :)

[tmclean]

Great interview Adam. I was happy to attend Grant's Fall Conference last week. Great show.