Wall St. For Main St., Released on 1/29/24
During this 35+ minute interview, Peter talks about how quickly the US national debt is growing and how quickly the debt will get to $50 trillion. In less than 7 years, interest payments on the debt may be over $2 trillion. Peter talks about the perma bullish attitude by many on Wall St of how Mg 7 stocks like Apple and Microsoft can easily add another $1 trillion of market cap through valuation re-ratings in the next 12-18 months. Jason asks Peter Grandich about the dire warnings from 3 major bank CEOs in the last few months about interest rates and commercial real estate. Peter expects a lot more future currency debasement and inflation going forward as more countries join the BRICs alliance and accumulate gold tonnage instead of US Treasuries. Peter’s valuation analysis has gold stocks at the cheapest valuations in 4 decades.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.
Peter Grandich & Company specializes in retirement, business and estate planning, that operates with the slogan that they “enable common people to attain uncommon results.” The company was formed by Peter following decades of experience in the markets, having served in roles that include Chief Market Strategist, Portfolio Manager, and Head of Investment Strategy among others. Peter’s website – https://petergrandich.com/blog-posts/.