Podcast appearances and mentions of Bill Fleckenstein

It's said that the "Trump put" on financial markets is not on the S&P in this second term, but rather on the 10year US Treasury yield.The rise in Treasury yields since 2022 has sent the cost of servicing America's federal debt to record highs, exceeding spending on national defense for fiscal year 2024.US Treasury Secretary Scott Bessent has indicated his and the President's desire to get the 10year yield comfortably under 4%....but that's proving difficult.In fact, after falling to 4.1% two week ago, the yield has quickly shot back up to near 4.5% as of the day of this recording.Why is it proving so tricky to tame bond yields?And what will it mean for the economy & markets if they can't be?For answers, we have the great fortune today of turning to veteran money manager Bill Fleckenstein and founder of Fleckenstein capital.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#bonds #interestrates #gold _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

In this explosive episode of Soar Financially, legendary investor Bill Fleckenstein returns with a stark warning: the U.S. economy is headed for a crisis far worse than 2008. From passive investing distortions and reckless Fed policy to global de-dollarization and gold's resurgence, Fleckenstein lays out why a major financial crash is inevitable—and necessary.#Gold #financialcrisis #federalreserve ------------

Bill Fleckenstein, founder and president of Fleckenstein Capital, returns to The Julia La Roche Show for episode 234 to discuss markets in 2025. He explains why he's waiting to see how new government initiatives play out before taking strong market positions, while maintaining significant precious metals exposure. Fleckenstein emphasizes that the passive bid remains "the elephant in the room" in markets, warns about government waste revelations, and explains why gold continues to show unexpected strength.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/juliaLinks: Book: https://www.amazon.com/Greenspans-Bubbles-Ignorance-Federal-Reserve/dp/0071591583 Twitter/X: https://twitter.com/fleckcap Website: https://www.fleckensteincapital.com/0:00 Introduction and welcome 0:47 Big picture macro view and bond market analysis 7:17 Discussion of Social Security numbers and potential fraud 8:10 Market assessment and passive investing dynamics 9:40 Gold market analysis and central bank buying 15:01 Analysis of gold revaluation proposals 16:40 Debt discussion and DOGE initiatives 21:44 Bond market dynamics and 30-40 year cycles 24:16 Fed policy outlook and potential rate cuts 26:07 Economic impact of government workforce changes 28:26 Silver market outlook 31:00 Passive bid impact on markets 34:03 Dollar outlook and Japanese yen analysis 36:02 Concerns about government agency revelations 39:05 Warning to younger investors about passive investing 41:00 Discussion of market structure vs traditional bubbles 44:42 Closing remarks and contact information

Bill Fleckenstein joins the MSD pod to discuss the recent market reactions to inflation data, particularly focusing on the behavior of gold and precious metals today. Bill provides insights into the changing dynamics of the gold market, the lack of interest from North American investors, and the implications of current economic policies on the treasury market. The discussion highlights the speculative moves in the market and the challenges faced by treasury officials in managing debt and economic policy.

Interview recorded - 23rd of January, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Bill Fleckenstein. Bill is a professional money manager with over 30 years of experience. He writes a writes a daily column and is the author of “Greenspan's bubbles: the age of ignorance at the federal reserve”.During our conversation we spoke about his thoughts on the markets, the bond market leaking, how Scott Bessent can balance it, whether bond market is losing faith in the government, passive investing, what this means for the 60/40 portfolio and more. I hope you enjoy!0:00 - Introduction1:40 - Overview of markets6:17 - How does Scott Bessent balance issues?8:42 - Means tested social security?11:57 - Losing faith in the government?13:57 - What happens to yields?15:22 - FED made a mistake16:47 - Dollar rally over?18:22 - What does Trump want?19:48 - Bill's views on markets21:44 - Passive investing influence on markets24:12 - Increasing unemployment negative to markets26:07 - Why have miners not performed?28:27 - Speculative asset?32:59 - Shift away from 60/40 portfolio?35:47 - One message to takeaway from conversation?Bill Fleckenstein is president of Fleckenstein Capital, a money management firm based in Seattle. He writes a daily Market Rap column for his website, Fleckensteincapital.com, as well as the popular column Contrarian Chronicles for MSN Money.Bill Fleckenstein began writing a daily column on the Internet in 1996. Initially, the Market Rap was a daily recap of market events, with an added "Yes, but..." emphasis. "I quickly learned that the contrarian viewpoint was often misrepresented and under-reported. Since then, my daily column has always called it like I see it. I've tried to write the column in a way that even the novice investor can understand. I believe it's better to teach someone how to fish, rather than just give them an occasional fish."Bill Fleckenstein - Website: https://www.fleckensteincapital.com/Twitter: https://x.com/fleckcap?lang=enWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

How do you think the rise of passive investment strategies is distorting traditional market dynamics, and what risks might this pose to large-cap stocks and overall market stability? Bill Fleckenstein (@fleckcap), a financial columnist and former hedge fund manager, returns to the Futures Edge with Jim Iuorio and Bobby Iaccino to discuss various economic predictions, focusing on the Federal Reserve's potential actions, market trends, and the influence of political figures like Donald Trump on economic policies. They explore the dynamics of the job market and the impact of passive investment strategies on market distortions. The discussion highlights the complexities of the current economic landscape and the interplay between market psychology and government actions.  They dive into the complexities of high-frequency trading, the implications of passive investing, and the evolving landscape of investment strategies. They discuss the risks associated with the bond market and potential scenarios for 2025, emphasizing the need for flexibility in investment approaches. The conversation highlights the importance of understanding market dynamics and the impact of institutional trading on stock prices. Takeaways: -The Fed is unlikely to ease rates in 2025 without significant market disruption. -Small business optimism is rising, indicating potential economic resilience. -Inflation concerns are tied to both supply issues and psychological factors in the bond market. -Trump's policies could have inflationary effects through tariffs and tax cuts. -The stock market may experience a significant drop as a reaction to economic policies. -Passive investment strategies are distorting traditional market dynamics. -Cultural backgrounds influence economic behaviors and community interactions. -Job market dynamics are shifting with government policies pushing for in-office work. -High-frequency trading is often misunderstood and can add liquidity. -The passive bid significantly influences market dynamics and stock prices. -Precious metals and biotech stocks are seen as potential safe havens. -Market distortions can lead to significant risks for large-cap stocks. -Understanding the personality of individual stocks is crucial for trading success. -The bond market poses real dangers that could impact equities. -Flexibility in investment strategies is essential in uncertain times. -Historical precedents can inform current market expectations. -The importance of following credible sources for investment insights.  Chapters: 00:00 Introduction and Cultural Insights 03:14 Economic Predictions and Market Trends 05:46 Federal Reserve's Future Actions 09:11 Inflation Concerns and Political Influences 12:09 Market Reactions to Economic Policies 15:27 Job Market Dynamics and Government Policies 16:46 Trump's Economic Strategy and Market Impact 20:25 Passive Investment Strategies and Market Distortions 23:08 Influence of Global Leaders on Economic Policies 24:38 The Reality of High-Frequency Trading 27:54 Understanding the Passive Bid 31:58 Investment Strategies in a Changing Market 37:01 Navigating the Bond Market 43:02 Worst Case Scenarios for 2025

Today's guest has long warned that the bond market will one day take the printing press away from the Federal Reserve. Well, the Fed has now CUT its policy rate by 100 basis points since September, but the yield on the 10 year US Treasury note is now 100 basis point HIGHER since then. This has flummoxed many investors and mortgage holders. Yet it begs the question: is this the start of a bond market revolt against the Fed? To find out, we're fortunate to welcome back to the program analyst Bill Fleckenstein of Fleckenstein Capital. Bill predicts the bond market will keep falling until stocks tank. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

Host: Tracy Shuchart for MicDropMarketsGuests: Andy Constan DampedSpring.comAndy has spent the past 35 years investing and trading global markets. Over the last 12 years, he has developed strong expertise in Macro investing working at Bridgewater Associates as an Idea Generator and most recently at Brevan Howard as Chief Strategist. Andy spent the first part of his career at Salomon Brothers and its successor companies. After 17 years at Salomon and as the Head of Global Equity Derivatives, Andy left and started two relative value hedge funds specializing in Multi-Asset Volatility Arbitrage and Capital Structure Arbitrage. Throughout his career, Andy has developed a keen cutting edge understanding of systematic quantitative research and investment while also deeply appreciating the importance of the insights that arise from discretionary investing strategies.Bill FleckensteinFleckensteinCapital.comLegendary Hedge Fund manager Bill Fleckenstein. Who called the dotcom bubble in the 1990s and the 2008 collapse. Bill graduated from the University of Washington with a major in Mathematics, and joined the prestigious Wall Street firm Kidder Peabody in 1979. In 1982 he launched his own firm. He has written daily commentary on market action since 1996 and FleckensteinCapital.com was launched in 2003. He is also a bestselling author. His book is titled: Greenspan's Bubble: The Age of Ignorance at the Federal Reserve published in January of 2008.Carol RothCarolRoth.comMedia: 12+ years of on camera experience. Judge, America's Greatest Makers (TBS). Host, Microsoft's Office Small Business Academy. Panelist, Closing Bell (CNBC) and Bulls and Bears (Fox Business). Radio Host (WGN). Host of Don't Quit Your Day Job…Yet (CNBC.com).Weekly commentator on current events, business, finance, markets, the economy, small business, news, current events and more. Featured in documentaries including Live Another Day and Prohibition. Interviewer of celebrities, business moguls and presidential candidates, among others.Business: “Recovering” investment banker. Billions of dollars' worth of transaction experience. Public and private company board member experience. Advisor + consigliere to private equity professionals, C-level management and high-performing entrepreneurs. Creator of the Future File legacy planning system. CCO (Chief Customer Officer) and developer of proprietary customer loyalty models. Run and design customer loyalty programs. Expert in finder's fees. Small business advocate and expert. Investor in private companies, primarily established, bridge to exit scenarios or board roles. Advocate for economic freedom and wealth creation. Speaker, host, emcee and panel moderator for some of the biggest companies and organizations in the world. Received a standing ovation from Richard Branson.Content Creation: 2x New York Times bestselling author. Books include The Entrepreneur Equation, The War on Small Business and You Will Own Nothing. Writer of op-eds and an economic newsletter. Developing scripted and...

Bill Fleckenstein has been long gold for 25 years, and he sees plenty of signs that the metal has a long way to run, including ballooning debt and deficits, entitlement spending that can't be cut, out-of-control money printing, and a political class that couldn't balance a budget to save their lives. Bill also provides his thoughts on silver and why he thinks it could outperform gold, why the Yen is starting to look attractive, how free speech is being eroded around the globe, and much more.Fleckenstein Capital: https://www.fleckensteincapital.comFollow Bill on X: https://x.com/fleckcapFollow Jesse Day on X: https://x.com/jessebdayCommodity Culture on Youtube: https://youtube.com/c/CommodityCulture

In this interview, Bill Fleckenstein discusses key economic challenges, including the Federal Reserve's handling of monetary policy, the bond market's potential loss of confidence, and the implications for inflation and market stability. He provides insights into the role of gold as a reliable asset in times of uncertainty and examines the risks posed by passive investing trends. Viewers can expect a detailed analysis of the current economic landscape and practical considerations for navigating these complex dynamics. #gold #trump #FED ------------ Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: https://bit.ly/BUYGoldSilver ------------

2024 has been a good year for the bulls. And with the world's largest economies now back into easing mode, both monetarily and fiscally, does that mean 2025 will be another winning year for the longs? To help us find out, as investors have a lot riding on the answer, we have the good fortune of speaking with investor and analyst Bill Fleckenstein of Fleckenstein Capital. Bill is watching bond yields very closely now, as he suspects they are starting to revolt against the Fed's rate new rate cutting plans. He's been waiting for years for the moment when bond investors lose confidence in central planners' ability to tame inflation as well as reign in deficit spending. Bill thinks we might have just reached that point. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #bonds #interestrates #bearmarket --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

Bill Fleckenstein, president and founder of Fleckenstein Capital, returns to The Julia La Roche Show for episode 197. ✨ This episode is sponsored by Public.com. Lock in your 6.9% yield: https://public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only.  *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.6% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 9/18/2024. A bond's yield is a function of its market price, which can fluctuate, and a bond's YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at https://public.com/disclosures/bond-account. Links:   Book: https://www.amazon.com/Greenspans-Bubbles-Ignorance-Federal-Reserve/dp/0071591583 Twitter/X: https://twitter.com/fleckcap Website: https://www.fleckensteincapital.com/ 00:12 Welcome and introduction 01:20 Macro view and Fed policy 7:08 Understanding inflation and central bank policies 11:21 The bond market's role in economic stability 18:01 Bubbles and market psychology 21:45 Current economic health and stagflation outlook 26:46 The Fed's credibility crisis 31:53 Implications of the upcoming election 34:13 Gold and silver investment perspectives 35:55 Japanese yen carry trade unwind 37:14 US dollar outlook 39:41 Thesis development in investing 42:00 The U.S. debt situation and future outlook 44:03 Parting thoughts on developing investment theses 46:07 Book recommendations and where to find Bill's work

Interview recorded - 24th of July, 2024On this episode of the WTFinance podcast I had the pleasure of welcoming on Bill Fleckenstein. Bill is a professional money manager with over 30 years of experience. He writes a writes a daily column and is the author of “Greenspan's bubbles: the age of ignorance at the federal reserve”.0:00 - Introduction1:07 - Economic and market outlook?6:10 - Stagflation?7:42 - GDP growth10:02 - What has the FED had on the economy?13:22 - QE & QT15:42 - How can financial system be resolved?18:48 - Where could inflation go?21:13 - What could encourage asset appreciation?25:38 - What is Bill watching to gauge markets?26:42 - Long AI, Short Small cap31:53 - What is driving dollar movements?33:23 - Can Japan increase interest rates with debt level?34:28 - How long does monetisation of debt last?36:40 - One message to takeaway from our conversation?Bill Fleckenstein is president of Fleckenstein Capital, a money management firm based in Seattle. He writes a daily Market Rap column for his website, Fleckensteincapital.com, as well as the popular column Contrarian Chronicles for MSN Money.Bill Fleckenstein began writing a daily column on the Internet in 1996. Initially, the Market Rap was a daily recap of market events, with an added "Yes, but..." emphasis. "I quickly learned that the contrarian viewpoint was often misrepresented and under-reported. Since then, my daily column has always called it like I see it. I've tried to write the column in a way that even the novice investor can understand. I believe it's better to teach someone how to fish, rather than just give them an occasional fish."Bill Fleckenstein - Website: https://www.fleckensteincapital.com/Twitter: https://x.com/fleckcap?lang=enWTFinance -Instagram -

Host: Tracy ShuchartGuests: Bill Fleckenstein, Matt Cole, Michael BelkinBill FleckensteinLegendary Hedge Fund manager Bill Fleckenstein. Who called the dotcom bubble in the 1990s and the 2008 collapse. Bill graduated from the University of Washington with a major in Mathematics, and joined the prestigious Wall Street firm Kidder Peabody in 1979. In 1982 he launched his own firm. He has written daily commentary on market action since 1996 and FleckensteinCapital.com was launched in 2003. He is also a bestselling author. His book is titled: Greenspan's Bubble: The Age of Ignorance at the Federal Reserve published in January of 2008. Matt ColeCEO and Chief investment officer at Strive Funds Matt oversees Strive's investment philosophy, strategic positions, and product line up. He is Head Portfolio Manager for Strive's equity ETFs and its actively managed Fixed Income ETFs. Prior to Strive, Matt was a Portfolio Manager at CalPERS, where he oversaw more than $70 billion in actively managed Fixed Income portfolios. During his 16 years at CalPERs, his portfolios were among the best performing in the investment industry and did not underperform their benchmark in any single year. Michael BelkinMichael Belkin is a financial and economic forecaster, who counsels family offices, hedge funds, pension funds, investment banks, mutualfunds, institutional money managers, sovereign wealth funds and high-net-worth investors throughout North America, Europe and Asia.Mr. Belkin was a Vice President in the equity department of Salomon Brothers until 1992. His role was quantitative strategist in globalmacro proprietary trading. His proprietary forecasting model is based on his studies of time series analysis at the UC Berkeley Haas Business School and UC Berkeley Statistics Department.Mr. Belkin's institutional advisory services are furnished via the weekly Belkin Report, which provides strategic forecasts for international stock indexes, interest rates, currencies, commodities, emerging markets and economic indicators with aspecial emphasis on sector rotation and long/short stock selection.

Bill Fleckenstein, president and founder of Fleckenstein Capital, discusses the macro view of the world and the impact of the Federal Reserve's monetary policies.  He criticizes the Fed for its incompetence and reckless policies that have led to the creation of two huge bubbles and misallocated capital.  Fleckenstein also highlights the power of the passive bid in distorting the market and the importance of understanding its effects. He believes that the stock market has become a lagging indicator and that the Fed is trapped and unable to fight inflation.  Elsewhere, Fleckenstein discusses the bond market, gold, and silver.  He also expresses concerns about the US national debt and the lack of fiscal responsibility. Links:  Book: https://www.amazon.com/Greenspans-Bubbles-Ignorance-Federal-Reserve/dp/0071591583 Twitter/X: https://twitter.com/fleckcap Website:https://www.fleckensteincapital.com/ Takeaways The Federal Reserve's incompetence and reckless policies have led to the creation of two huge bubbles and misallocated capital. The passive bid, driven by defined contribution plans and 401k plans, has distorted the market and changed what works and what doesn't. The stock market has become a lagging indicator, and the Fed is trapped and unable to fight inflation. The US national debt is a significant concern, and there is a lack of fiscal responsibility. Gold and silver are seen as insurance policies against inflation and financial disruptions. Chapters 0:00 Introduction and welcome Bill Fleckenstein 0:55 Macro view and what the Fed does really matters 4:30 The distorting effects of the passive bid 6:30 The stock market is a lagging indicator  10:45 Equity markets in a bubble or not?  13:30 End game — long end of the bond market rates rise 18:26 Inflation and the inflation psychology   23:53 The Fed's inflation fight, Fed cutting rates would be an obvious mistake 26:30 The economy and millennials  29:49 Gold price, gold market has figured out Fed is trapped  34:44 Silver 37:04 Outlook on the U.S. and conclusion

For a long time now, passive capital inflows have powered equities higher, especially the Magnificent 7, as a tremendous percent of every new dollar that flows into the market goes into these 7 stocks. But some of these once-bulletproof companies are now starting to struggle. And those passive capital inflows? There are emerging signs they may be stalling, perhaps even starting to reverse. If true, could that take asset prices down just as powerfully as it drove them higher? To help us find out, as investors have a lot riding on the answer, we have the good fortune of speaking with investor and analyst Bill Fleckenstein of Fleckenstein Capital. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #bonds #marketcrash #shortingstocks

From political ideologies and censorship to the complexities of the current economic landscape. Bill Fleckenstein (@fleckcap), a financial columnist and former hedge fund manager, addresses the challenges posed by the passive bid dominating Wall Street. The conversation explores the potential impact of the ongoing stagflation and the difficulty of predicting a recession in the era of high nominal GDP and inflation. He joins podcast hosts Jim Iurio (@jimiurio) and Bob Iaccino (@Bob_Iaccino) to discuss the distorted nature of today's market dynamics, fueled by the dominance of passive retirement bids and the challenges it poses for traditional stock analysis. They reflect on the state of the Main Street economy versus Wall Street, offering a nuanced perspective on equities, risk assets, and the potential consequences of Treasury issuance on the broader financial landscape. Bill discusses the sustainability of inflation rates, the impact of wages, and the political environment on the market. He explores the dynamics of the mining industry and the potential of gold and silver amid global economic uncertainties. Bill reflects on the expectations surrounding the Fed, addressing the likelihood of rate cuts and the factors that could trigger such decisions. The episode unfolds with a candid discussion on the role of artificial intelligence in the economy and the challenges of overhyping technological advancements.  This episode is in partnership with Mint Mobile.  URL: trymintmobile.com/futuresedge Promo Code: futuresedge

Up today we have legendary Hedge Fund manager Bill Fleckenstein. Who called the dotcom bubble in the 1990s and the 2008 collapse. He has written daily commentary on market action since 1996 and FleckensteinCapital.com was launched in 2003.He is also a bestselling author. His book is titled: Greenspan's Bubble: The Age of Ignorance at the Federal Reserve published in January of 2008.Get Bill Fleckenstein's daily market analysis at : www.fleckensteincapital.comXTracy Shuchart @chigrlRalph Schoellhammer @RaphfelBill Fleckenstein @FleckcapLink to trader Funding Program: https://traderfundingdashboard.propaccount.com//evaluation?affiliateId=chigrl

When today's guest expert appeared last on this channel, he warned about a potential moment when the bond market would lose faith in the Fed's ability to tame inflation, at which point it would start pushing yields substantially higher. Well, long bond yields have indeed surged over the past few months, setting US Treasury bonds up for what looks like an unprecedented third consecutive year of losses -- something that has never happened before in US history. Are we indeed at the point where the bond market's confidence in the Fed has broken? Or is this an exceptionally attractive time to buy long bonds, as a number of other experts are now saying? For answers to this important question, we welcome investor and analyst Bill Fleckenstein of Fleckenstein Capital back to the program. Follow Bill at https://www.fleckensteincapital.com ************************ At Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. 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. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.wealthion.com/⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to our YouTube channel: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1⁠⁠⁠⁠⁠⁠⁠⁠ Follow Adam on Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/menlobear⁠⁠⁠⁠⁠⁠⁠⁠ Follow us on Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/Wealthion-109680281218040⁠⁠⁠⁠⁠⁠⁠⁠ #bonds #bondyields #bearmarket ****************************** IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

Two segments on this week's long-form. First, Joe Mazumdar of Exploration Insights joins the podcast for a general discussion on the exploration sector, specifically in copper. The price of Dr. Copper continues to be pushed lower. Joe talks about the weakness in demand, especially after a China reopening. We then turn to Bill Fleckenstein to talk about how he's approaching the economic data out of the United States. Jobless continue to decrease and causing GDP targets to be revised back up to 2%. Central bankers this week said they were surprised of the economic resilience. More ammo for central banks to keep raising. Bill has some thoughts on this given some historical context of precious decisions made in Fed regimes past. We'd like to thank our sponsors: Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. ASCU is an early-stage copper developer and explorer of the Cactus Mine and its satellite project, Parks/Salyer, both situated on a 4km mine trend on private land in Arizona's porphyry copper district. Opportunity for significant growth and scale exist along the trend, while future capex requirements outlined in the Cactus PEA benefit from significant onsite and nearby access to infrastructure. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America. For more information, please visit www.arizonasonoran.com. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit fireweedmetals.com.

Investor & analyst Bill Fleckenstein returns for Part 2 of our interview with him in which shares his thoughts on how asset prices will likely perform over the rest of 2023. He thinks that bond yields have likely peaked for the year, that stocks will likely drop as they re-price in realization that the Fed is unlikely to pivot anytime soon, and he expects gold and precious metals mining companies to have a good year. ************************************************* At Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. 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. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: ⁠https://www.wealthion.com/⁠ Subscribe to our YouTube channel: ⁠https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1⁠ Follow Adam on Twitter: ⁠https://twitter.com/menlobear⁠ Follow us on Facebook: ⁠https://www.facebook.com/Wealthion-109680281218040⁠ #bonds #gold #investing ************************************************* 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.

From a macro standpoint, the storm clouds of inflation, recession & layoffs appear to be multiplying in number and darkening in intensity. But the markets seem to see only sunny skies. The NASDAQ enjoyed its best quarterly gain since 2020. Which outlook is more correct? To help us find out, as investors have a lot riding on the answer, we have the good fortunate of speaking with investor and analyst Bill Fleckenstein of Fleckenstein Capital. ************************************************* At Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. 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. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: ⁠https://www.wealthion.com/⁠ Subscribe to our YouTube channel: ⁠https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1⁠ Follow Adam on Twitter: ⁠https://twitter.com/menlobear⁠ Follow us on Facebook: ⁠https://www.facebook.com/Wealthion-109680281218040⁠ #bonds #fed #inflation ************************************************* 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.

Investor and macro analyst Bill Fleckenstein returns for Part 2 of our interview with him, to share his concerns about the current bear market not being over. A veteran short seller who has been on the sidelines for years, Bill is now back actively shorting the market to an extent he hasn't done for a long time. Bill expects things to "get ugly" as Q3 earnings disappoint and 2023 forecasts are downgraded. He also expects the Fed to be forced to pivot at some point by instability that's NOT going to be bullish for stocks. https://youtu.be/6y9qakcB6_M

The global economy runs on credit, so when there's trouble in the credit markets, EVERYTHING hangs in the balance. Bond yields have been rising fast around the world this year. So fast in some cases, that things are starting to break. Just this past week, the UK credit market started melting down -- forcing the Bank of England to engineer a desperate rescue by buying 65billion-pounds worth of gilts on the open market. How worried should we be about instability in our credit markets? To find out, we talk with investor and analyst Bill Fleckenstein of Fleckenstein Capital. https://youtu.be/wR6FUcZTzh8

Shorting is an active form of free speech.And it won't be cancelled this time.Check The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreportYouTube: https://www.youtube.com/c/theleadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreport     Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.     Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.     The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.      See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)        The Personal Finance PodcastSubscribe now and Master Your Money in Less than 30 Minutes Per Week! Listen on: Apple Podcasts Spotify Being an EngineerIndustry knowledge & best practices that will accelerate your engineering learning curve.Listen on: Apple Podcasts Spotify Podcasting Power HourOne Hour of Podcasting Q&A with Jeff Townsend, aka The Podcast Father, Greg founder of...Listen on: Apple Podcasts Spotify

In the latest episode of The End Game, Bill Fleckenstein and I have the great privilege of welcoming Judy Shelton to the podcast for a discussion that helps place one of the key missing pieces into the puzzle we've been attempting to assemble – the honest and frank perspective of a central banking insider. After her nomination to the board of the Federal Reserve by President Donald Trump in 2018, Judy's appalling treatment at her Senate confirmation hearings demonstrated the very worst of partisan politics at an incredibly toxic time in America. A letter signed by 100 economists, including seven Nobel laureates, opposing her appointment suggests, to me, at least, that she would have been the perfect person to bring necessary change to an institution whose many failings are becoming more apparent by the day. Judy's openness, insight and willingness to discuss the practicalities and limitations of modern-day central banking in this conversation are a breath of fresh air and worthy of our deepest respect and gratitude. As a reminder, Silver Tier subscribers to https://www.grant-williams.com get access to both Things That Make You Go Hmmm… and all editions of The Grant Williams Podcast, including The End Game, The Super Terrific Happy Hour, The Narrative Game, This Week In Doom and Shifts Happen so sign up today!

With sentiment souring as stocks and bonds both have their worst start to the year in decades, is it now time to start shorting the markets? Highly experienced short seller Bill Fleckenstein shares his professional opinion in this podcast. See the YouTube Video for the charts and graphics: https://youtu.be/QbbzJqRbYw8

When had Bill Fleckenstein on this program last year, he predicted that a financial reckoning was due, but wouldn't arrive until we started seeing “trouble in the bond market” Well bonds have certainly started seeing wild action recently: See the YouTube Video for the charts and graphics: https://youtu.be/-j6bbUBxxy0

Our interview with Bill Fleckenstein continues here, where Bill shares his thoughts on how investors can protect and growth their wealth given the unique conditions of 2022. See the YouTube Video for the charts and graphics: https://youtu.be/LY0Misw1Chw

A lot of people regard the Federal Reserve as omnipotent. But it's not. The bond market is more powerful. And its days of deferring to the Fed's wishes may soon be over. Should that happen, all heck will break loose in the markets. And bond yields are now rising as the Fed accelerates its tapering, on the way to then raising interest rates. The last time today's guest expert was on the program, he warned that the bubble in financial asset prices would be popped by "trouble in the bond market". So, with interest rates now on the rise, how close to "trouble" are we now? See the YouTube Video for the charts and graphics: https://youtu.be/WcAfR9oOqpk

The world's largest eastern bullion buyers are waking from their pandemic slumbers as western efforts to bring absolute transparency to the silver price and gold price discovery continue failing and falling on their faces. More on that story later. Great news this week as I've returned fully to my desk after a short few days touring the Pan-Americana countryside. Meanwhile, the fundamentals, trading price action, and market sentiment for silver and gold have turned for the better. To start this week, we'll lean heavily on many of Daniel March's latest physical bullion flow tweets, so I can further explain what has been happening. First, watch what the aggregate central banks do and often ignore the narrative games they play.  Central banks are on pace to collectively break their record 2019 gold bullion buying this year, 2021. And now, Poland is gearing up for another 100 metric tonne gold bullion buy to begin 2022.  The Chinese Shanghai Gold Exchange is delivering gold bullion at volumes not seen since before the pandemic kickoff to start this decade, the 2020s. Indian gold bullion demand this year is going to rival record volumes hit in the 2010s. See this chart for where 1,000 metric tonnes of gold bullion demand stacks up historically.  Silver Squeezers and silver bullion bulls out there buck up. The Indian silver demand gorilla of the 2010s may be returning as Metals Focus reports that over 400 metric tonnes were imported into India in September 2021 alone. Here is where that amount stacks up to the way India bought silver bullion in the 2010s. If and when the Indian nation returns to its average 172 million ounce silver demand levels in this decade, the 2020s, good luck, London, and unsecured ETFs like $SLV and $SIVR changing your prospectuses yet again. Quickly, this is a reminder. Remember history, knowing the nature of how bullion bull markets with increased prices behave; eventually, increasing demand for near-record high gold prices bleeds over into undervalued silver.  When the increasingly less poor Indians on the street see gold's price climbing a curved wall, expect many of them will switch their buying preferences to silver, and the import demand levels to increase sharply for Indian silver flows ahead. Let us move on to the idiocy that is the inflation narrative con game ongoing.  Long-time silver bull Bill Fleckenstein pointed out how stupid this Bloomberg Opinion headline is; underreported escalating inflation hurts average US citizens and is a crime ongoing for anyone who bothers to look. Actual price inflation is likely running at double digits if we simply take into account the actual escalating prices on rents and housing prices in the USA. The rigged US gov't's Consumer Price Inflation data has yr over yr shelter price escalations at a laughably low 3.2% increase. But just a few cursory glances at data, and we know that's a lie. Even the cost-of-living adjustment for Social Security is going up nearly 6% for 2022 as the poorest amongst us often suffer the most under high inflationary regimes. Meanwhile, get ready for a cold winter full of BRRR fueled escalating natural gas prices to come. But don't worry, the narrative gamers at the fiat Federal Reserve have no shame as their lies get exposed for all to see, yet again. Anyone who thinks high inflation is not the primary tool for defaulting on our record debts and not saved for liabilities still, I have a bridge down in the Florida Keys to sell you. So hop on, figuratively speaking. And let's do some more cruising through the most important bullion market updates for this week. Be sure to share this content with those who you think may also enjoy it. Full transparency, I am recording this SD Bullion market update on the afternoon of Thursday, October 14th, 2021. Yesterday, Wednesday morning in the US COMEX open, silver and gold had a snapback rally which put the short sellers on their heels and has given rise to some seriously bullish sentiment across the precious metals complex.  This week, it will be interesting to see how both monetary metals can close in their respective derivative price discovery markets. Will gold clear and close above $1800 and the critical $1820 an ounce threshold ahead? Will silver get beyond $24 oz soon? The lately building gold-silver ratio head and shoulders formation has given way to a fall back towards the mid-60s and perhaps beyond as we come towards the end of 2021 into 2022? If we take some of the analog 1970s vs. this 21st Century bullion bull market statements I have made on this channel in months and years prior, now is the time to start the valuation climbs. The 2.5Xs 1970s vs. this 21st Century bullion bull market analog is calling for gold to make a major move now through next month, November 2021. We shall see if the timeframe overlaps accordingly.  Again, here is a chart I often use here to explain potential timing ahead.  Remember back to the start of this year 2021, and the record media attention freely given to the bullion industry by the likes of Bloomberg and CNBC as the Reddit #SilverSqueeze got underway late in late January. Well, a draining of the COMEX has since ensued steadily after that. The registered amount of available underlying fractional reserve COMEX silver bullion is now under 100 million ounces, down over -50 million troy ounces from its peak before the silver squeeze start. The Wall Street Silver subreddit now has over 160,000 members and growing. With rabid members committed to figurative wage war this decade by stacking silver bullion for the long haul.  One of the creative members of the silver squeeze clan, Creflo Silver, points out that it would only take a bit over a mint case of silver bullion delivered to every of the current 160 thousand WSS members, around 618.75 ounces of delivery, to suck the COMEX dry of its currency registered silver bullion pile. Think back to the start of this week's SD Bullion Market Update video start. Ponder what happens if and when Indian demand returns to its former 2010s levels; combined with that current, there is not much silver bullion to go around the fact. As well too, while having idled of late, Sprott $PSLV stands ready to take on new inflows and begin jacking up its silver bullion ounce holding levels as the months and years progress. And, of course, we are not the only ones turning blue in the face with silver bullishness. Peter Brandt, a long-time COMEX derivative silver trader, is tweeting mega bull shoutouts on silver ahead. Have a read on some of his latest thoughts. First, about not pitting against one another over silly bullion vs. crypto arguments while flashing the mega long-term silver chart cup and handle that is building. Also, he states that a $48 oz silver "moon shot" is on his silver point-and-figure chart. Transitioning now to a story we jumped on top of right before we began this SD Bullion YouTube channel. The NY Federal Reserve's REPO loan fiasco from September 2019, some of the loan data from that month just came to light thanks to the great work by pam and Russ Martens over at WallStreetOnParade.com. And while it does not surprise the megabank and fiat financialized institutional names involved in the overnight lending fiasco that has escalated since.  What is surprising is the size and scale it has mushroomed into since September 2019. This week also, Reuters had an exclusive on how supposed western gold silver derivative price discovery transparency continues failing. Pause here for a moment and a warning. It's funny how the respective seemingly lawless City of London-based custodians for the world's largest silver ETF SLV (JPMorgan) and the world's largest gold ETF GLD (HSBC) shunned bringing potential transparency to opaque silver and gold derivative markets they often dominate via outsized concentration. Not in their interests? Suppose you own either SLV or GLD for the medium or long haul. Go read their respective +50 page prospectuses, know with a share in either of those two derivatives you legally own no bullion and learn what the legal term "unsecured creditor" means for when and if things go wrong with either trust.  Back to finish reading you all this article in our video embedded above. That is all for this week's SD Bullion market update. Here's hoping you out there have taken advantage of recent price weakness to build a prudent bullion position, as we are possibly heading to a bullish close for this year 2021 and onwards into 2022.  As always to you out there, take great care of yourselves and those you love.

We'd like to thank our sponsors: Integra Resources is advancing the past-producing DeLamar Project in southwestern Idaho. The Company has continued to demonstrate resource growth and conversion through greenfield and brownfield exploration and plans on delivering a pre-feasibility study in Q4 2021 to further de-risk and advance the project towards permitting. Integra Resources trades on the TSX-V under ITR and the NYSE American under ITRG. Corvus Gold is a North American gold exploration and development company, focused on its near-term gold-silver mining projects in southwestern Nevada. The Company holds a commanding land position within the Bullfrog Mining District. Neighbouring, adjacent projects controlled by AngloGold Ashanti, Kinross Gold and Coeur Mining highlight this active District. The two 100% owned North Bullfrog & Mother Lode projects have a combined nearly 4-Million oz gold of in-pit resource and continues to grow with an on-going, successful, resource expansion drill program. Corvus trades on the TSX and the Nasdaq with the symbol KOR. Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. Rio-2 is advancing the Fenix Gold Project in Chile, the largest undeveloped gold heap leach project in the Americas. Fenix consists of 5 million ounces in the measured and indicated resource category and 1.4 million ounces in the inferred resource category. With a robust PFS in place, Fenix is set up for fast-tracked construction and production. You can find a list of project and company information on their website, rio2.com.

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Bill joins me to talk the bond market chaos, precious metals and when "the end game" will happen. Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/ The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. YouTube does not let me monetize my videos on the site and the podcast is full time work which will never have ads in the middle of it. If you enjoy the content, please support the QTR Podcast in any or all of the following ways: A small recurring donation via: Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via: Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpk Paypal: https://www.paypal.me/qtrresearch QTR MERCH is available here. You can also follow me on YouTube, and Twitter. THANK YOU TO ALL OF MY KIND PATRONS.    Please show love to those who support the QTR Podcast:  George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion The Trader's Path - no BS trading service - Twitter: @PLHStock Sang Lucci & Wall St. Jesus — The Steamroom — Twitter: @wallstjesus and @sanglucci Corvus Gold - http://www.corvusgold.com Investors Underground - day trading community - Twitter: @investorslive  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti  Creighton Titus Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. QTR is long gold and silver. Listeners should always speak to their personal financial advisers. Please leave me alone.

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day. With governments pressing on with huge fiscal and monetary expansion, fears of inflation have once again resurfaced. The spectacular rise in the price of grains and other raw materials, some by as much as 30% last year, have added fuel to these concerns. To discuss this inflationary macro backdrop we welcomed Bill Fleckenstein (President of Fleckenstein Capital & co-host of the End Game podcast series) to the show. A former dedicated short seller, this episode was particularly timely in the wake of the historic short squeezes that took place this week and the ripple effects across markets. Our conversation included: Running a short equity fund, adapting to shifting circumstances and ultimately returning capital to shareholders The role of short selling in markets and the disruptions caused by Fed policies r/WallStreetBets, GameStop et al – a brief anatomy of a surreal week Deflation and Japanification – why the Fed is cornered Why inflation is the most important variable to watch for in the coming months MMT, taxation and breaking the social contract Bill also expressed his views on how portfolios should prepare for what he believes is an inevitable outcome, but also entertained scenarios that might cause him to change his thesis. In the end, “in a social democracy with fiat currency, all roads lead to inflation”. Thank you for watching and listening. See you next week.

Grant invites two accomplished shortsellers, Marc Cohodes and Bill Fleckenstein to discuss the wild gyrations in equity markets in recent days as a coordinated move by retail investors to attack 'shortsellers' and inflict pain upon Wall Street proves to be, in some ways at least, a roaring success. There are, however, nuances to this story which are perhaps not broadly understood and are in need of a little illumination - most notably, the difference between 'shortsellers' and 'highly leveraged hedge fund shorts'. Bill, Marc and Grant discuss the important differences between the two, the events that have transpired and the potential path from here as well as some thoughts on why and how the system is broken, where the anger of retail investors ought to perhaps more accurately be directed and why this growing revolution may be an important turning point...

In this episode, we talk with Mike Green of Logica. Mike formerly ran Thiel Macro, Peter Thiel’s family office macro fund. We talked with Mike about knowing when and how to monetize your options, what he means when he says a history of markets is a history of transactions, and what he would teach in a one day seminar about the Fed.   Also, be sure to check out The Grant Williams Podcast where Mike Green has been interviewed by Bill Fleckenstein and Grant Williams. They discuss the role passive investing may have to play in The End Game.   I hope you enjoyed this conversation as much as I did.

Bill joins me to talk inflation, gold, Powell's Jackson Hole speech and why the market may keep going higher. Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/ The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. YouTube does not let me monetize my videos on the site and the podcast is full time work which will never have ads in the middle of it. If you enjoy the content, please support the QTR Podcast in any or all of the following ways: A small recurring donation via: Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: https://www.paypal.me/qtrresearch You can join my e-mail list here and visit my website at www.quoththeravenresearch.com for all of my content. QTR MERCH is also now available here. You can also follow me on YouTube, Twitter, and Instagram. THANK YOU TO ALL OF MY KIND PATRONS. Please show love to those who support the QTR Podcast:  Biggest Patron Donors    JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion The Trader's Path - no BS trading service - Twitter: @PLHStock Sang Lucci Trading - the 3LT playbook - also, the SL Master Course  Corvus Gold - http://www.corvusgold.com Investors Underground - day trading community - Twitter: @investorslive  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti  Creighton Titus Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. QTR is long gold and silver. Listeners should always speak to their personal financial advisers.

Bill Fleckenstein and Grant Williams embark on a journey to try and piece together what The End Game for financial markets might look like. Will central banks have the printing press taken away from them by the bond market or will we achieve what Bill terms 'Cold Fusion'? Joining the podcast this week is a special guest who dreamed up this whole cockamamie idea... Don't forget to visit www.grant-williams.com to find out more about how to access future episodes of The Grant Williams Podcast after February 1st.

Bill joins me today to talk about the Fed's role in the George Floyd riots, the inequality gap, what could stop QE, how the media played a role, China and the price of gold. Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/ The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. YouTube does not let me monetize my videos on the site and the podcast is full time work which will never have ads in the middle of it. If you enjoy the content, please support the QTR Podcast in any or all of the following ways:   A small recurring donation via: Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: https://www.paypal.me/qtrresearch You can join my e-mail list here and visit my website at www.quoththeravenresearch.com for all of my content. QTR MERCH is also now available here. You can also follow me on YouTube, Twitter, and Instagram. THANK YOU TO ALL OF MY KIND PATRONS. Please show love to those who support the QTR Podcast:    Biggest Patron Donors    JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion The Trader's Path - no BS trading service - Twitter: @PLHStock Sang Lucci Trading - the 3LT playbook - also, the SL Master Course  Corvus Gold - http://www.corvusgold.com Investors Underground - day trading community - Twitter: @investorslive  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti  Creighton Titus Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.  

Jelly Donut Podcast #34 was recorded on Wednesday May 7, 2020. William A. Fleckenstein is President of Fleckenstein Capital Inc., a money management firm that he founded in 1982. Since 1996, Mr. Fleckenstein has written daily market commentaries which can be found at www.fleckensteincapital.com. Mr. Fleckenstein is the author of “Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve.” Mr. Fleckenstein served as the lead director at Pan American Silver and Mongolia Growth Group LTD. He has also appeared on countless business and financial shows on the all the major US television networks. https://thefelderreport.com/2020/04/22/bill-fleckenstein-on-how-to-profit-from-central-bank-mistakes/ https://www.fleckensteincapital.com/ https://twitter.com/fleckcap --- Support this podcast: https://anchor.fm/jellydonutpodcast/support

It's been three years since I made the trek up to Seattle to interview celebrated short seller Bill Fleckenstein on the topics of, "Central Bankers, Financial Bubbles and White Burgundy." With a global pandemic now threatening to burst these bubbles, forcing central bankers into even more extreme monetary policies, I thought it was an opportune time to reconnect with Bill and get his thoughts on how these things are evolving and how investors might seek to profit in their midst. For notes and links related to this episode visit TheFelderReport.com.

Fleck joins me to talk gold tanking on Friday, the coronavirus and the Fed's reaction.  Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/ The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. The podcast is full time work, if you enjoy the content, please support the QTR Podcast in any, or all of the following ways:   Please make a small recurring donation, which is gratefully accepted at: https://www.patreon.com/QTRResearch One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: christopher.d.irons@gmail.com You can join my e-mail list here  QTR MERCH is also now available here. THANK YOU TO ALL OF MY KIND PATRONS   Please show love to those who support the QTR Podcast.    Biggest Patron Donors    The Trader's Path - no BS trading service - Twitter: @PLHStock RumorHound.ai - free 14 day trial - Twitter: @RumorHound Sang Lucci Trading - the 3LT playbook - also, the SL Master Course  Corvus Gold - http://www.corvusgold.com monero Investors Underground - day trading community - Twitter: @investorslive  Chris Boas  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti  Creighton Titus Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.  

The full interview with Bill Fleckenstein, renowned money manager and founder of Fleckenstetin Capital. Listen to them discuss the Coronavirus and it’s impact on markets worldwide, Gold, China, The Fed, and recession watch.

Zach is joined by Bill Fleckenstein, renowned money manager and founder of Fleckenstetin Capital.  Listen to them discuss the Coronavirus and it’s impact on markets worldwide, Gold, China, The Fed, and recession watch. Zach also discusses annuities, Bulwark’s Bond Replacement Strategy, and the Know Your Risk Roadshow coming up February 29th in Bellevue!

Bill joins me to talk about Neel Kashkari's comments on Twitter today, the Soleimani killing, the Fed's effect on the world, gold prices, conspiracy theories and all things financial common sense. Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/ The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. The podcast is full time work, if you enjoy the content, please support the QTR Podcast in any, or all of the following ways:   Please make a small recurring donation, which is gratefully accepted at: https://www.patreon.com/QTRResearch Join QTR's GoFundMe effort to stop social media censorship and turn the QTR podcast into a daily M-F show: https://www.gofundme.com/f/qtrpodcast One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: christopher.d.irons@gmail.com THANK YOU TO ALL OF MY KIND PATRONS   Please show love to those who support the QTR Podcast.    Biggest Patron Donors    The Trader's Path - no BS trading service - Twitter: @PLHStock RumorHound.ai - free 14 day trial - Twitter: @RumorHound Sang Lucci Trading - the 3LT playbook - also, the SL Master Course  Corvus Gold - http://www.corvusgold.com monero Investors Underground - day trading community - Twitter: @investorslive  Chris Boas  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti  Creighton Titus Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.     You can join my e-mail list here and QTR merch is also now available here.

In today's episode, Marcelo López spoke to Bill Fleckenstein, an investment manager with over 30 years of experience in the financial market. Bill shares his comments, market insights and investment ideas on the website fleckensteincapital.com.br. Bill begins by discussing the magnitude of the attack on Saudi Arabia may have on markets depending on the actions taken in response to the incident and ponders about risk premiums and how agents have reacted to geopolitical tensions recently. Fleckenstein then talks about the possibility that we are experiencing a bubble in the financial markets and the role that central banks, trading algorithms and passive investment vehicles play in this context, all from a historical and economic perspective, elucidating situations of distortion in asset prices. On the possibility of a crash, Bill comments on Fed interventions, the impact of monetary policy on the market and what may be the catalyst for a strong correction, as well as aspects of the current scenario that are unprecedented in history and thus create more uncertainties. Now is a good time to be shorting stocks? Fleckenstein, who has been very successful in the past with a short only fund, explains his point of view about being short at the moment and justifies, based on his perceptions of current market conditions, the valuations and prices observed. Bill also talks about investing in gold and other precious metals, as well as gold mining, in contrast to other asset classes such as bonds and currencies, considering all the factors hitherto exposed. As for the US-China trade war, Fleckenstein discusses his views on the issue and his expectations of a resolution for the problem. He also talks about the way Trump and next year's US elections might impact those obstacles. Bill concludes with an analysis of risks that are not being properly priced by the market.

Bill Fleckenstein shares his thoughts: ∙Gold’s role in a near ZIRP/REPO environment. ∙How the Fed’s decision to cut rates will impact investors. ∙His overall thoughts on the health of our economy/monetary system. Bill: https://www.fleckensteincapital.com/ EXCLUSIVE CONTENT Patreon: https://www.patreon.com/KennedyFinance BitBacker: https://bitbacker.io/user/philipkennedy/ KF STORE: https://teespring.com/stores/kennedy-financial AFFILIATE PROGRAMS: Bitcoin T-shirt: https://teespring.com/wear-zero-given#pid=2&cid=2397&sid=front Cash App: https://cash.me/app/GTGJTKF KeepKey: http://keepkey.go2cloud.org/aff_c?offer_id=1&aff_id=4832 Ledger: https://www.ledger.com/?r=4fb4a118958c Coinigy: https://www.coinigy.com/?r=b965d7ee Audible: https://amzn.to/2xjODcU Liberty Classroom: http://www.libertyclassroom.com/dap/a/?a=12067 DONATIONS: Bitcoin: 12wwtTDiuCT2FbfJLK7rdWBZRa4ntTEach Litecoin: LQF3GGZ7Y4e6pE9mWJmooGjEizyhuoxb6K Dash: XwGD7aftdnPU88fNjDAWYQtpd2CwoZPdWT Bitcoin Cash: 1PgudkSsJcj2KMah5GdncBMZVz7xswfwYA PayPal Me: https://paypal.me/KennedyFinancial Cash Me: cash.me/$KennedyFinance WEB: https://www.philipkennedy.com YOUTUBE: http://youtube.com/c/PhilipKennedyFinancial PODCAST: https://soundcloud.com/kennedy-financ... SOCIAL: Steemit: https://steemit.com/@philipkennedy Dtube: https://d.tube/#!/c/philipkennedy DLive: https://dlive.io/@philipkennedy Gab: https://gab.ai/KennedyFinancial Minds: https://www.minds.com/philipkennedy BitChute: https://www.bitchute.com/channel/philipkennedy/ The Goodman Fiske Band (Intro Song): http://goodmanfiskeband.com DISCLAIMER: Kennedy Financial provides pro bono financial counseling and education. All posts are strictly opinion and not a recommendation to invest in any asset class.

Bill joins me to talk about the Fed's intervention in the repo market, the Ukraine scandal, the metals market, why he is considering being short the market now more than earlier this year and why the market would be "limit down" if Elizabeth Warren gets elected in 2020.  Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/ The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. The podcast is full time work, if you enjoy the content, please support the QTR Podcast in any, or all of the following ways: Please make a small recurring donation, which is gratefully accepted at: https://www.patreon.com/QTRResearch Join QTR's GoFundMe effort to stop social media censorship and turn the QTR podcast into a daily M-F show: https://www.gofundme.com/f/qtrpodcast One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: christopher.d.irons@gmail.com THANK YOU TO ALL OF MY KIND PATRONS   Please show love to those who support the QTR Podcast.    Biggest Patron Donors    The Trader's Path - no BS trading service - Twitter: @PLHStock RumorHound.ai - free 14 day trial - Twitter: @RumorHound Sang Lucci Trading - the 3LT playbook - also, the SL Master Course  Focused Compounding - follow on Twitter | YouTube | Podcast HeliBacon - shoot machine guns from helicopters in Texas Corvus Gold - http://www.corvusgold.com "Piggly Wiggly" Investors Underground - day trading community - Twitter: @investorslive  Chris Boas  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer Russ Valenti - Twitter: @russellvalenti  Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.     You can join my e-mail list here and QTR merch is also now available here. Disclosure: We are both long gold and silver

The Fleck man stops by to talk about the last 2 months in the market. He talks precious metals having a great run, the turmoil between the Fed and the President and a Twitter post by CNBC's Josh Brown. He also answers questions from some of my Patreons! Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/ The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. The podcast is full time work, if you enjoy the content, please support the QTR Podcast in any, or all of the following ways: Please make a small recurring donation, which is gratefully accepted at: https://www.patreon.com/QTRResearch Join QTR's GoFundMe effort to stop social media censorship and turn the QTR podcast into a daily M-F show: https://www.gofundme.com/f/qtrpodcast One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: christopher.d.irons@gmail.com THANK YOU TO ALL OF MY KIND PATRONS   Please show love to those who support the QTR Podcast.    Biggest Patron Donors    The Trader's Path - no BS trading service - Twitter: @PLHStock RumorHound.ai - free 14 day trial - Twitter: @RumorHound Sang Lucci Trading - the 3LT playbook - also, the SL Master Course  Focused Compounding - follow on Twitter | YouTube | Podcast HeliBacon - shoot machine guns from helicopters in Texas Corvus Gold - http://www.corvusgold.com "Piggly Wiggly" Investors Underground - day trading community - Twitter: @investorslive  Chris Boas  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer Russ Valenti - Twitter: @russellvalenti  Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.     QTR merch is also now available here. 

Fleck is back in the house, talking today about the Fed's recent posturing to cut rates again, what the eventual bubble pop will look like and the state of the metals market.    Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/   QTR Podcasts are always free, but some people choose to make a small recurring donation, which is gratefully accepted: https://www.patreon.com/QTRResearch   Donations of $100 or more can also be sent via: Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpk Venmo: @chrisinphiladelphia   THANK YOU TO ALL OF MY KIND PATRONS   Please show love to those who support the QTR Podcast.    Biggest Patron Donors    Quantamize - visit for free trial - Twitter: @QuantalyticsRes  RumorHound.ai - free 14 day trial - Twitter: @RumorHound Sang Lucci Trading - read tape & learn flow Master Course  HeliBacon - shoot machine guns from helicopters in Texas Corvus Gold - http://www.corvusgold.com Investors Underground - day trading community - Twitter: @investorslive  Chris Boas  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer Russ Valenti - Twitter: @russellvalenti  "Piggly Wiggly" Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.     THIS IS NOT INVESTMENT ADVICE - OPINION ONLY AND FOR JOURNALISTIC AND DISCUSSION PURPOSES    Disclosures: Chris and Bill are long KL PAAS, gold, silver, short TSLA

Fleck is back - today we argued for a half hour about why he doesn't think the plunge protection team buys S&P futures, why he is short numerous chip companies in the semiconductor industry, why he is now finally short Tesla ("it's a car company with a shit load of problems"), what he sees for gold going forward, how 2019 could shape up and why "nothing central bankers have done has worked". Bill is a professional money manager with over 30 years of experience. He has written daily commentary on market action since 1996 and FleckensteinCapital.com launched in 2003. His website is: https://www.fleckensteincapital.com/   QTR Podcasts are always free, but some people choose to make a small recurring donation, which is gratefully accepted: https://www.patreon.com/QTRResearch  THANK YOU TO ALL OF MY KIND PATRONS Please show love to those who support the QTR Podcast.  Biggest Patron Donors    Quantamize - visit for free trial- Twitter: @QuantalyticsRes Corvus Gold - http://www.corvusgold.com Scott Coursey – author of “Debt Slave Economics” – view/buy here Chris Boas  Ken R  Chris Bede - Twitter: @cbede  Russ Valenti - Twitter: @russellvalenti    Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.  Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.   THIS IS NOT INVESTMENT ADVICE - OPINION ONLY AND FOR JOURNALISTIC AND DISCUSSION PURPOSES  Disclosures: Bill is short the semis he mentioned and Tesla, Bill and Chris are both long gold Visit quoththeravenresearch.com for more on QTR   

Interview with Bill Fleckenstein

My guest today is Bill Fleckenstein, founder of Fleckenstein Capital. Bill closed his short fund in 2009… near the bottom of the roaring bull market. He seemed to be following the market wisdom of one of my former bosses, the legendary Marty Zweig. Marty famously said, “Don't fight the Fed,” in reference to the Federal Reserve's stance on the direction of short-term interest rates… But this bear hasn't been in hibernation. Since 2009, Bill has been following closely—and opining daily on—the meteoric rise of central bank-fueled asset prices… And he thinks the market is due for a correction.

Special guest Bill Fleckenstein joins the Grant’s team to take inventory of current conditions 1:35 Triple-B-rated #bonds yielding less than zero 5:43 #Bitcoin and the apocalypse 7:28 #Tech, then and now 12:34 #Trump and volatility 15:52  What’s different this time? Subscribe to Grant’s Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant’s Interest Rate Observer is available at http://www.grantspub.com

On the 30th anniversary of Black Monday, we recreate the events of that tumultuous time through the eyes of people who found themselves trying to navigate the biggest drop in Dow Jones history. The legendary Art Cashin takes us behind the scenes at the NYSE, while Bill Fleckenstein, David Hay, Michael Lewitt and Greg Weldon share their personal stories alongside Michael Oliver and Trader Vic – Victor Sperandeo who famously predicted the crash a few weeks before the event. Lastly, we hear the incredible story of hedge fund manager Richard Pomboy whose foresight saved his investors millions Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the past 30 years, Bill Fleckenstein has managed money for Bill Gates, witnessed and profited from four epic financial bubbles and honed his palate for white Burgundy. As a dedicated short seller during the activist central bank era, Bill shares in this episode how he developed his process over time including the specific tactics he now employs to profit from declining prices. We also discuss the unique problems presented by experimental monetary policy to both the economy and financial markets. Finally, Bill reveals what he believes to be “one of the fattest pitches out there” for short sellers in the current market along with the unique risks the current environment presents to the average investor. Find Bill online at FleckensteinCapital.com and @FlecksThoughts on Twitter. For notes and links related to this episode visit TheFelderReport.com/podcast.

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Uncertainty reigns, as political and economic forces build before the historic negotiations which could alter the shape of Great Britain and the EU forever. In 'Things I Got Wrong', Bill Fleckenstein, CEO of Fleckenstein Capital discusses the mistakes he made in underestimating the folly and largesse of Central Bankers. Learn more about your ad choices. Visit megaphone.fm/adchoices

This podcast is sponsored by Sandstorm Gold. Be sure to check out Sandstorm Gold at http://sandstormgold.com/invest/ Jason Burack of Wall St for Main St interviewed first time guest, student of the Austrian School of Economics and Portfolio Manager for McAlvany Wealth Management https://mwealthm.com/doug-noland/, Doug Noland. Doug has over 25 years of experience working in the financial industry including working at Bill Fleckenstein's hedge fund. Doug also worked with David Tice at the Prudent Bear fund, which specializes in shorting stocks and other financial assets. Doug's full bio is here: http://creditbubblebulletin.blogspot.... Doug is perhaps most famous for writing his financial blog articles. Doug has been documenting credit and financial bubbles since the late 1990s with his well known financial blog, the Credit Bubble Bulletin http://creditbubblebulletin.blogspot.... Doug's excellent 2 part McAlvany Weekly Commentary Interviews w/ David McAlvany in 2016: 1) https://mcalvanyweeklycommentary.com/... 2) https://mcalvanyweeklycommentary.com/... During this 40+ minute interview, Jason starts off by asking Doug about his opinion of the state of the global economy? Doug says how he's shocked he's still talking about central banker created bubbles since he started blogging about the technology bubble of the 1990s. Doug says that QE never stopped from global central banks as central banks like the Bank of Japan, ECB and PBOC injected ~$2 trillion of QE into capital markets in 2016. Doug says central bankers are 100% committed to maintaining the status quo now and they are terrified of letting asset prices fall without more intervention.

Adam and Tom chat with Bill Fleckenstein about what Miners and what the best short ever may be. For more information check out http://bullseyebrief.com and http://sevensreport.com   This episode was produced by: Rob Schulte http://robkschulte.com