WTFinance, Released on 1/31/25 (Recorded on 1/23/25)

On 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 – Introduction
1:40 – Overview of markets
6:17 – 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 mistake
16:47 – Dollar rally over?
18:22 – What does Trump want?
19:48 – Bill’s views on markets
21:44 – Passive investing influence on markets
24:12 – Increasing unemployment negative to markets
26:07 – 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 the President of Fleckenstein Capital and writes a popular column ‘Contrarian Chronicles’ for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron’s and more. Bill is a highly sought after speaker, successful author of Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve and has been in the financial sector for over 25 years.

  bond market, economy, investing, stock market