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David Collum: Everything That Mattered In 2018

The User's Profile David Collum January 2, 2019
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The only thing nearly as enlightening as reading David Collum's epic Year In Review is listening to him and Chris Martenson riff about its highlights.

Strap in, grab some eggnog, and listen to this year's recap:

Everyone thinks the markets are now correcting. But compared to the size of the correction I think both you and I expect, this is just a drop in the bucket. This is merely the vibrating puddle in Jurassic Park. This is not the big one.

What's amazing is this recent romp, which has lasted now almost 10 years, is the only gigantic bubble that I'm aware of in which the storyline behind it is just complete garbage.

Every other bubble, like the Tech bubble — well, tech is amazing. The 1920's bubble — wow, we just invented electric power and cars and planes. There's always a great, great story.

This particular bubble in which we have had for 10 years is central banks are going to print money to cover our backs.

That's the stupidest Goddam plotline I can ever imagine.

Click the play button below to listen to Chris' interview with David Collum (87m:25s).

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About the Author

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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.