Beware of Shifting Tide, Risk of Big Crash with Dave Collum

Interview recorded - 8th of July, 2024 On this episode of the WTFinance podcast I had the pleasure of welcoming back David Collum. David is a Professor of Organic Chemistry and leading thinker on markets and the larger world around us.  During our conversation we spoke about Dave"s thoughts about the world, why he is still bearish, governments can"t afford pensions, shift from boomers to millennials, societal shifts, what has surprised David, Biden and more. I hope you enjoy! 0:00 - Introduction 1:28 - Dave’s overview of the world? 2:53 - Why is Dave still bearish? 5:37 - Definite bust or potential for small pullback? 7:08 - What will Dave be watching for catalyst? 9:43 - Governments can’t afford pensions 15:28 - Shift from boomers to millennials 23:28 - Societal shifts? 26:10 - What has surprised David? 30:56 - Lag for interest rate cuts to kick in 31:56 - President Biden 39:04 - Next Democrat Candidate? 41:36 - Numen next Bernie Sanders? 44:46 - Dave’s portfolio 50:04 - One message to takeaway from conversation David Collum received a BS in biology from Cornell in 1977 and an MA, MS, and PhD in chemistry from Columbia University in 1980. Dave currently is the Betty R. Miller Professor of Chemistry at Cornell University. While at Cornell Dave has served as Director of Undergraduate Studies, Director of Graduate Studies, associate chairman, and chairman while running a research program in organic chemistry for forty years, which include collaborations with a host of large-cap pharmaceutical companies exemplified by Merck and Pfizer. In recent years he has become interested in the interface where politics and markets meet. He compiles an annual Year in Review, does several dozen podcasts per year, and occasionally stirs up trouble on more mainstream media sources. Dave Collum -  Twitter - https://twitter.com/davidbcollum?s=21&t=xvXQIRnoZm5mxXw68trHEQ Year in Review - https://peakprosperity.com/2022-year-in-review-all-roads-lead-to-ukraine/ WTFinance - Instagram - https://www.instagram.com/wtfinancee/ Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4 Twitter - https://twitter.com/AnthonyFatseas