Iconic Investor Insight of the week

For the week of July 25th

Today’s quotes come from the author and Co-Chief Investment Officer with Evergreen Gavekal, David Hay. Mr. Hay has been working as a professional in the markets since 1979 when he joined Dean Witter Reynolds, which would later merge with Morgan Stanley. His recently published book, “Bubble 3.0” covers what he sees coming ahead. I came across David on substack where he writes a tremendous blog. On Friday he posted an interview that he did with PalisadesGold Radio on Youtube. You can see the whole thing HERE. At a little over an hour, David laid out how we got to where we are today, what the Fed had to do with it, the thesis for the commodity supercycle, greenflation, and picking gold miners. I highly recommend a listen.

The Haymaker on Palisades Gold Radio

“That’s the thing about bubbles, they always implode. Not usually, not mostly, but always.”

“JPowell and Biden are gambling that they can get the inflation numbers down faster than the economy deteriorates but its going to be a horse race.”

“Do we try to save the planet, supposedly, or do we try to survive the winter? You are going to choose survive the winter.”

-David Hay