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October 9, 2020 | Would Negative Interest Rates Be A Financial Disaster?

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.

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Archives October 9th, 2020

Posted In: HoweStreet.com Radio

3 Comments

  • Avatar david says:

    Hey Bob:

    Is the market behavior into mid October consistent with your calls for a broader and deeper correction? Do things pretty much look the same to you in terms of your previous expectations?

    Many pundits are calling for an S&P at 3700 by year end. Things look pretty calm right now considering the endless lockdowns and political rhetoric in America.

    How do you think the elections will play into any market behavior– will it be driver– or just rationalized as the excuse for whatever happens.

    Thanks

  • Avatar Michael says:

    Hi Jim. I have a question for Bob. A well know former hedge fund manager has just forecast Bitcoin to rise to $50,000 in five years. Also, some major gold experts are predicting that gold will also be at $50,000 per oz. in about five years. The bitcoin people say that we should sell all our gold and buy bitcoin because gold is just a yellow rock and is too heavy to carry around in contrast to bitcoin which weighs nothing when carried in one’s bitcoin “wallet”. Bob, longer term are we better off in a “yellow rock”, a virtual commodity like Bitcoin, fiat dollars, or paper assets like stocks and bonds?

  • Avatar Kathleen says:

    Bob, are we really in a “K-shaped” recovery as the financial media claims? How can we be entering a new bull market in stocks when the real economy has begun to contract? One would think that the pain being felt in the real economy will soon be felt in the currently euphoric stock market. This all brings to mind Canadian songwriter Gordon Lightfoot’s song “Sundown” – particularly the lyrics “Sometimes I think it’s a sin when i feel like I’m winning but I’m losing again” and “Sometimes i think it’s a shame when I’m feeling better when I’m feeling no pain”. Bob, are we approaching “Sundown” for the markets?

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