On this episode of Power Players I had David Lin. He is the host of the David Lin Report. He has interviewed CEOs of NYSE and NASDAQ-listed companies, heads of central banks, finance ministers, mining executives, fund managers, analysts, and political leaders, covering commodities, fintech, mining, economics, and cryptocurrencies.
This guy dives into the art of Finance and banking in this video. Let me know what you think of my Power Players interviews in the comments.
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#finance #fed #federalreserve #banking #inflation #recession…(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
David Lin & Grant Cardone Discuss Inflation, Bank Default, Recession, Investing & the FED
In a recent online conversation, David Lin and Grant Cardone delved into several pressing topics related to the economy, finance, and investing. Both Lin and Cardone are well-known personalities in the financial world, and their insights shed light on current issues that investors and everyday citizens should pay attention to.
One of the central topics discussed was inflation, which has been a growing concern for many in recent months. With government stimulus packages injecting massive amounts of money into the economy, many are worried that this could lead to rising prices and a depreciation of the currency’s value. Lin and Cardone agreed that inflation is indeed a major threat, and individuals need to take steps to protect themselves.
Cardone suggested that one way to hedge against inflation is to invest in hard assets such as real estate and precious metals. He argued that diversifying one’s investment portfolio with tangible assets that tend to hold value during inflationary periods is a wise strategy. Lin agreed with this approach and highlighted the importance of investing in appreciation assets that can provide a passive income stream.
The conversation then shifted to the possibility of bank defaults and the potential impact on the economy. Lin and Cardone expressed concerns that a wave of defaults could trigger a broader recession. They emphasized that individuals should be cautious about their investments and not solely rely on the stability of banks. Lin advised diversifying assets across multiple institutions and considering alternative investment options, such as P2P lending and crowdfunding platforms.
Discussing the role of the Federal Reserve (the FED), both Lin and Cardone expressed skepticism about its effectiveness. They believe that the FED’s policies often favor larger corporations and Wall Street, rather than benefiting Main Street and small businesses. Lin pointed out that the FED’s monetary policies can lead to further wealth inequality and make it harder for regular citizens to gain financial stability. Cardone echoed this sentiment, stating that the FED’s actions don’t always align with the interests of average Americans.
Finally, the conversation touched on investing during a recession and how individuals can position themselves to take advantage of opportunities. Lin and Cardone agreed that periods of economic downturn can present unique buying opportunities for savvy investors. Cardone emphasized the importance of being mentally prepared for market downturns and having a long-term investment mindset. Lin emphasized the need for thorough research and due diligence when considering investment opportunities, particularly during uncertain times.
Ultimately, the discussion between David Lin and Grant Cardone shed light on several critical aspects of the economy, finance, and investing. Their insights underscore the need for individuals to be proactive about their financial future, diversify their investments, and remain vigilant amidst uncertain economic conditions. By staying informed and being prepared, individuals can better navigate the complexities of inflation, bank defaults, recessions, and make sound investment decisions that align with their long-term goals.
Do you actually look at your chart you showed? the bottom 50% wealth has increase 3.6 x since data tracked. The top 9.9% increased less than 2x over the same time period. Forget the graphics and look at the data in the chart. bottom 50% now owns 2.5% of total vs. at the beginning 1.6% The rate of change is certainly tilted to the wealthy but the leverage effect of wealth is a factor and also the bezo's, musk billionaires certainly skew the top 10%. Also those bottom 50% probably pay zero tax
California is an example of why wages are increasing. They raise the minimum wage so guess what that raises the average wage, not go to market but due to government dictates. Come David, think outside the box
I soldi dei ricchi negli USA vanno avanti con le vendite delle armi, più fate scoppiare le guerre più diventate ricchi,avete soldi sporchi di sangue …"americani dei miei stivali"
I found it!
Peter St Onge, Ph.D.
@profstonge
The “it’s not a recession” argument hinges on one number: 3.8% unemployment.
But it turns out counting missing workers takes unemployment to almost 7%.
While almost half of new jobs are either part-time or double-counting.
My understanding of the unemployment numbers is they are propped up because of multi job holders and real unemployment is 7%. I am not able to cite source but saw that this week. Would love to know more about this. I am keeping my eyes at 5% unemployment rate as Powell has cited that as his stop on hikes??
Fantastic video! I'm truly grateful for never giving up, even during the toughest times. I persevered until I reached success.Have you ever considered transitioning from self-investing to seeking advice from a financial advisor? When managing substantial assets, decision-making can be daunting. Sometimes, you may feel that having a bit more knowledge and making less emotional investment choices could lead to better results. In such situations, turning to a financial advisor is a wise move!
Stock is the oldest online market we have, we employed it because of the highest quality of services it renders and how successful it is. Today we say cryptocurrency too, all I'm saying us that people should also invest in crypto. It would be helpful.
Money went to Ukraine! For Biden to filter back to himself!
What’s crazy is both Grant, and David said that food cost has gone up which it has. I own a trucking company, myself and others are getting paid way less to move those groceries and the market continues to push the rates lower. Now supply and demand is simple calculation. Someone please explain to me how the prices have gone up on all groceries, but the rates to move those same groceries being sold everyday has gone down? Only way I believe it’s occurred is the truck to load ratio is higher and the brokers are gauging the crap out of the freight
Thanks dude! for keeping us financially Educated! Regardless of how Bad it gets or the economy, I still make over $22,000 every single week.
This is a great day for me. My older brother turned me on to "Uncle G." in 2015 when my marriage fell apart and I was at a low point. I'm not in sales, but many points Grant makes about life have helped me tremendously. I also really started liking David Lin since the first time I saw him on Kitco. Seeing the two of these guys in this interview makes me feel validated in some way, as self-centered as that might sound.
<I have about 5% of my portfolio in AAPL stock, any advice on any other stock that I can grow my $300k capital to a million dollars?
Keep printing money for those new people who come to Canada. There's a lack of awareness in analyzing every decision they make and not valuing monetary policy.