July 12, 2022

Understanding America’s History and Modern Markets


This week, Doug Stokes and Greg Stokes discuss the unique and successful American experiment, what’s going on with the U.S. housing market, when inflation will eventually end, and what they believe is an even bigger issue than inflation itself. 


Key Takeaways

  • [00:47] - What the American experiment (and America itself) means to Greg and Doug.
  • [10:51] - The state of the U.S. housing market.
  • [16:15] - What Doug believes inflation will look like one to two years from now. 
  • [18:48] - When will this bear market end? 
  • [21:07] - What’s priced into the market, what the market believes will happen, and what Greg thinks will actually happen coming out of this period. 


Quotes

[13:18] - “The last major recession was a housing-led recession and a housing crisis which led to a global financial crisis. And I think people are looking for the same signs of cracks in the system in housing and I don’t think that’s necessarily the case. I think this is probably a manufactured slowdown in housing.” ~ Doug Stokes

[17:29] “I really don’t see high inflation for long periods of time. I’m not considering that as a high probability outcome although it could be the case. I think the more scary situation is that the federal reserve overshoots its raising rates to the point where it pushes the economy into a recession.” ~ Doug Stokes

[18:55] ~ “The comforting thing to me is that it will eventually end. This market will eventually turn into a bull market and I think that there are some psychological aspects to it as well that I think are promising. But also from just a historical timing standpoint, the average bear market lasts about six months.” ~ Greg Stokes


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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.