Interview recorded - 30th of May, 2023

On todays episode of the WTFinance podcast I have the pleasure of hosting Adrian Day, Chairman & Chief Executive Officer of Adrian Day Asset Management. 

During our conversation we spoke about key economic drivers Adrian is watching, why this will lead to a 'serious recession', how counterparty risk will be the main driver and why gold and gold stocks could be a great beneficiary of such an event. I hope you enjoy! 

0:00 - Introduction
1:30 - Key drivers Adrian is currently watching?
4:20 - What is currently happening with the US consumer?
8:55 - Collapse in consumption?
9:55 - Will this impact the FED’s actions?
14:45 - Double/triple counting employed or job openings
17:00 - How bad will the recession be?
20:55 - Counterparty risk?
21:45 - Treasury bill issuance to impact prices?
24:55 - Why is there a disconnect between markets and the economy?
28:10 - The risk of an earnings recession?
30:25 - What assets to perform during a recession?
36:15 - What does Adrian look for before investing in a company?
37:40 - Is gold undervalued?
42:40 - One message to take away from our conversation?

Adrian Day is considered a pioneer in promoting the benefits of global investing in this country. A native of London, after graduating with honors from the London School of Economics, Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.

Adrian Day - 

Website - https://adriandayassetmanagement.com/

WTFinance -

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