Jack welcomes back to Forward Guidance Paul Hodges of New Normal Consulting & writer of the pH Report. Hodges argues that lockdowns in China have already plunged the country into a forced recession, and that the European energy crisis has made a recession on the continent a virtual certainty.
Hodges notes that central bankers’ priority is now curbing inflation rather than stimulating asset prices, and he argues that this U-Turn will likely spell further trouble for the beleaguered stock market. Hodges also shares his latest insights on electric vehicles and the global chemicals market. Filmed on May 23, 2022.
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Paul Hodges on Twitter https://twitter.com/paulhodges1
Jack Farley on Twitter https://twitter.com/JackFarley96
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00:00 Introduction
13:45 Why Is Inflation Bad For Stocks?
21:24 Fate of Hyper-Growth Tech Stocks
23:15 Tesla
27:23 Ben Graham's Valuation Rules
30:03 Bit.com Ad
30:34 Recession In Europe
42:39 Recession Risk in the U.S.
46:10 Housing
49:05 The Federal Reserve
52:14 Chemicals Market Flashing Warning Signals
56:00 Recession in China
1:07:07 Electronic Vehicles (EVs) and Autonomous Vehicles (AVs)
