David Hay, Founder of Haymaker Publications and retired former co-CIO of Evergreen Gavekal, warns that hidden recession signals are flashing red, with job openings falling to their lowest levels since 2020 and more unemployed Americans than available positions for the first time since COVID. He recommends buying gold, commodities, and international assets while avoiding traditional US stocks and bonds.Watch David's last interview with David Lin: https://www.youtube.com/watch?v=B4XaJp7DL94*This video was recorded on September 3, 2025.Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW DAVID HAY:Haymaker Substack: https://haymaker.substack.com/ David Hay's X (@Haymaker_0): https://x.com/Haymaker_0FOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at [email protected]*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro.1:49 - Why discuss recession?7:50 - Unemployment spike for new entrants10:35 - Housing market crisis and buyer demographics16:38 - Stablecoin strategy of the Treasury Secretary18:56 - Federal deficit spending and fiscal policy21:54 - Gold28:34 - Other commodities outlook30:23 - Labor market turning point and implications for stocks33:54 - The Fed35:24 - Dollar weakness and international opportunities38:41 - Asset allocation for 2026 and other trades#stocks #economy #investing