ITM Trading, Released on 10/21/24

“I see 2008 without recovery,” warns renowned Cornell University professor Dave Collum. In an interview with Daniela Cambone, he shares a sobering prediction for the U.S. equity market, comparing the potential fallout to Japan’s “lost decade” from 1967 to 1981. Collum explains that the $30 trillion spent to stabilize the system last time won’t be available again. “Losing 70% over 14 years is brutal,” he cautions, adding that we’re already “getting gutted by inflation.” How close are we to the breaking point? Collum outlines why inflation and rising debt are pushing us toward a financial reckoning.

00:00 Inflation
5:30 Gold
9:49 Fake bull market
13:45 Fed and the financial system
21:55 Biggest threat facing the U.S.
25:06 Trump’s tariffs threat
26:43 Banking sector
30:00 Conflict of interests
31:50 Simulation
34:40 Parenting

David B. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemistry and Chemical Biology at Cornell University. He holds a PhD, Columbia University, MS, Columbia University, MA, Columbia University and BS, Cornell University.

  dave collum, gold, inflation, us dollar