February 08, 2024

The Bears Are Coming Out With a Vengeance

22 minutes

Happy early Mardi Gras from New Orleans!

Before we head into a weekend of floats and football, we question why we’re hearing so many economic bears coming out of the woodwork. In that vein, we’ll look at potential bearish indicators like tech bubble rumblings and the country’s unsustainable fiscal path. We’ll then examine tech’s impact on the economy and society as a whole, why some are calling this a recession of the poor, and make the bear case for Nvidia. We finish by giving our "expert" opinions on the big game on Sunday.

Key Takeaways

[00:16] - Why are the bears getting louder?

[03:07] - Tech’s effect on the economy and our social lives

[07:55] - Consumer net worth and consumer debt are both up

[13:30] - The Magnificent 7 globally and the bear case for Nvidia

[17:54] - Our expert Super Bowl preview

Links

Putting the tech rally in perspective

Forget barhopping or even dinner out—more young professionals prefer turning in early

The introverts have taken over the economy

Consumer balance sheets are the Derrick Henry/Mark Ingram meme

Credit card delinquency rates now and pre-Covid

Truflation's real-time US inflation gauge has moved to 1.35% from 6.24% a year ago

Connect with our hosts

Doug Stokes

Greg Stokes

Stokes Family Office

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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

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