Let's not just focus on the dayto-day. Let's welcome in Ed Yardi. He is president and founder of Yardenni Research.Uh Ed, um you can comment on what you heard from the president or we can just move on to the markets. I know from a market perspective, you think both gold and the S&P 500 can each hit 10,000 by the end of the decade. I'm not a math wiz, but that's only about four years and what two and a half months from now, right.Why so bullish. Well, look, on the stock side, uh the economy has proven to be ...

Core Insights - The article discusses the potential financial struggles facing America's baby boomers due to inflation and inadequate Social Security benefits, with Robert Kiyosaki warning of a looming wave of homelessness among this demographic [1][3]. Economic Concerns - Social Security benefits are adjusted for inflation, but these adjustments often do not keep pace with rising costs, particularly in housing and healthcare [1]. - The Social Security trust fund is projected to become insolvent by 2035, potentially reducing benefits to about 83% of current levels without congressional intervention [4]. Inflation and Asset Ownership - Kiyosaki argues that the Federal Reserve's money printing exacerbates inflation, disproportionately benefiting asset owners while harming the poor and middle class [2][3]. - The article highlights that while asset owners may see their property values increase, average consumers face rising prices for essential goods [2]. Investment Strategies - Kiyosaki advocates for gold as a hedge against inflation, emphasizing his distrust of fiat currency and the Federal Reserve [5][6]. - Gold is viewed as a safe haven asset, with prices having surged over 50% in the past year, making it an attractive option during economic uncertainty [7]. Real Estate as a Hedge - Real estate is also presented as a strong inflation hedge, with property values and rental income typically rising during inflationary periods [10]. - Kiyosaki owns 1,500 rental properties and encourages individuals to invest in income-generating real estate as a means to secure financial stability [10]. Accessible Investment Options - Crowdfunding platforms like Arrived allow individuals to invest in rental properties with minimal capital, making real estate investment more accessible [11]. - First National Realty Partners offers accredited investors opportunities to invest in commercial properties leased by national brands, providing a way to diversify portfolios without the responsibilities of being a landlord [14].

Market Trends & Sentiment - Gold's 49% rally over the past 12 months signals potential market trouble ahead, contrasting with bullish equity sentiment [1] - The gold rally reflects increasing fear of stagflation or even recession in the medium term [2] - Gold's performance may reflect deeper concerns that run counter to equity market optimism [2] Economic Factors - Market expects lower interest rates in the future, boosting gold's appeal as a non-yielding asset [1] - Stubborn inflation keeps investors wary as elevated inflation erodes bond yields and purchasing power [1] - Declining deficit to GDP ratio is driven in part by tariff revenue and stronger GDP [1] - A sluggish labor market persists [1]

[Music] Don't think you're special. Don't think that you know more than we do. These are some of the statements from the law of Yan.I think that is dangerous. I think that is actually driving a common thinking that can bring you know hazard uh outcomes. And today I want to talk about something that may be a little more dry than what we have uh just heard which is Bitcoin crypto bubbles financial bubbles.Bitcoin is a mineral disease. Bitcoin is rat poison squared. These are not my words. These are the words ...

Economic Policy & Fiscal Performance - US Treasury Secretary Scott Bessent highlighted a decrease in a key US fiscal ratio [1] - The drop in the fiscal ratio is presented as evidence that President Donald Trump's economic policies are effective [1] - The policies are purportedly working without triggering a recession [1]

And you're not worried about a recession in 2026 for the US. You made that clear. >> I think it could happen in 2026.I just I'm not worried about it as a different statement. We'll deal with it. We'll serve our clients. We'll navigate through it.A lot of us have been through them before. You don't wish it because you know certain people get hurt. But uh but it could happen in 202.>> We're still of course in the US government shutdown. >> But but I do think there are positives like deregulation is a real pos ...

Private Credit Market Concerns - First Brands 破产引发对私募信贷市场风险的担忧，可能预示着问题的开始 [1][2] - 市场对私募信贷的乐观情绪和不透明性表示担忧，类似于影子银行系统，可能导致潜在问题 [6][8] - Jamie Dimon 称私募信贷市场的爆炸式增长是“金融危机的配方”，因为该市场尚未在经济疲软时期经历考验，目前市场规模达 2 万亿美元 [5] Lending Practices and Risks - 宽松的借贷环境导致过度借贷和激进的假设，增加了公司在经济放缓时面临的风险 [3] - 行业内对贷款水平的透明度不足，难以评估潜在风险，加剧了市场的不确定性 [10][12] - 如果贷款是基于 EBITDA 的 6-7 倍，则可能存在问题，但如果贷款是基于 EBITDA 的 4 倍，则问题不大 [9] Potential Mitigation and Outlook - 美联储可能通过降低利率来缓解问题，从而降低资本成本，避免经济衰退 [4][7] - Avenue Capital Group 在人们别无选择时提供贷款，可以控制条款，并以 EBITDA 的 3-4 倍的杠杆率放贷，风险覆盖充分 [11] - 市场普遍认为，如果经济放缓，企业削减开支的能力将面临挑战，可能需要更多资本 [6][7]

Michael Aron is chief investment strategist at State Street Investment Management. Mike, always appreciate having you on. You know, stocks may be due for whatever, but it doesn't mean they're going to do that, does it.It doesn't, Brian. The foundation for this bull market remains solid. So, trades coming into clearer focus.It's not perfect, but we've avoided the worst outcome. Now, we're throwing a little gasoline on the fire with both fiscal policy and monetary policy. Oh, and by the way, earnings are grow ...

Whatever probability you put on recession a few weeks ago, it should be lower now that the Federal Reserve has cut interest rates, WSJ’s Greg Ip writes https://t.co/TPIx0xsqQN ...

$BTC traders should keep an eye out for Japan. Analysis by @robin_j_brooks suggests that a potential U.S. recession could offer relief to debt-laden Japan. By @godbole17.https://t.co/xRDZF1JvcO ...