YouSaid · the spoken record

Jeff Hirsch

lines on the record: 13
first: 2025-02-19
most recent: 2025-02-19
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Early internet days. Early internet days. My view is that we're kind of at that period of time in this technological boom. Remember, the other part of the super boom equation that I added to it on top of war and inflation and peace was the culturally enabling paradigm shifting technology, which AI and all of its related ancillary items that we spoke about are part of. And I think we're at that early mid 90s timeframe.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“But it's not quite digitized enough yet, so that's, I think, there's some future there. So add that to the list of technologies is, you know, medical and healthcare AI.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, how we could cure cancer and do disease analysis. There's a small microcap stock I have that's trying to do medical AI to better diagnose and get you better proper treatments and identify things with all your numbers, medical data, as you know, is still analog”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“And then there's the healthcare AI. We just heard Altman and Ellison talking about it in the White House with Trump there. Hopefully it'll help us. Sam Altman from...”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“So Think it's tech. I really think it's to tech. I mean, you're talking about drones, robotics, AI, energy for sure, because we've got to power everything. I actually currently have a position in the gas and energy explorers and producers, the equipment people there, the XES. XLE is a seasonal treatment for us as well. I'm not sure staples is the place to be, but General Retail and buying of things is up. But I think energy and tech and all this new technology that is. That we're fighting wars with, that we're operating everything on is where it's at. I mean, you got to own the cues, basically.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“Security is what he's going to try to do, and that's going to help our economy, all the spending. Whether it's Stargate or military or otherwise, is going to create jobs and keep the economy going. I mean, it's really all about the economy, as Jim Carvalho likes to say.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“Think it's not so much the threat of war, it's overall federal spending, and you know, Saber rattling, yeah, it's saber-rattling. You know, I'm not convinced anything is going to happen there per se, but it's really about the spending in general. And if we're going to be doing deals with Greenland for security and raw materials, that would be beneficial. We've got China doing deals in Africa and around the world. There's definitely a new push for global security and global dominance. And we've got to play in that field. And Trump's kind of showing a show of strength. But he's a deal maker. You like the man or not or voted for him or not. He's going to try to do everything in his power to leave a legacy like we spoke about previously of a prosperous economy, a raging bull market, and global peace.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“It's quite parallel, but it's part of my projections. I mean, we've updated our Super Forecast. I think we've got some further upside to, you know, 62,000 had changed, which I've written about probably by average 10% gain a year, probably by 2030. And that's all DAO based because it was what starts on. But right now, you know, it's about tech. It's all about tech. Ukraine and Israel have shown us and proven that the conflict is all about tech now. got drones and cyber wars. You know, I'd expect the U.S. military to be spending and ramping up tech. So all that military spending, you may find its way into technology. I mean, let's call it defense tech.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“That continued after World War II. So it's really about past federal spending driven by war, conflicts. But spending outside of the normal budget and COVID and the inflation reduction act, the CARES Act are prime examples of massive government spending driving inflation and super booms.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“Hundred percent very parallel, and that's something we've spoken about. And it's really about overall federal spending. I mean, the evolution of this pattern of federal spending, it's not just war, but spikes, like you just mentioned, in federal spending like we had in COVID, where it goes above trend. I mean, this probably started to change a little bit going back to FDR with the New Deal ahead of World War II and then the federal highway, you know, spending.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“The whole saber-rattling on unmap, there was a bye, bye we put out in 22 when we, in 02, excuse me, when we went in there. But we were looking for the end of this huge military involvement overseas. U.S. boots on the ground in massive numbers is what created this pattern or initially created it. And we were looking for the end of the combat in Afghanistan to sort of spark the end of the war, end of the secular bear market and the beginning of the boom. And I think we all kind of have looked back a little hindsight. Around 2013, I think that little bear market bottom in 15 and 16 kind of signifies the end of that secular bear. Not the ultimate bottom. I mean, we don't measure the secular bear market from 74 to 2000. We measure from 82.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, we had Yale's work behind us. That amazing chart that I redid of his where it shows the log chart of the Dow, it shows the inflation, the CPI, and the moves. I mean, there was some, you know, people talk about these cycles with the 17 and a half year, the 18 year, 60. They talk about these sort of arbitrary lengths of time. We looked at it and what Yale discovered was that these events in history that create these cycles like Archduke Ferdinand getting assassinated in 1914, Germany signing the armistice in 2018, the Gulf of Tonkin Resolution in 1964, Saigon falling in 75. And then for us currently, what we were seeing in 2010 was this development of after 9-11, which was an act of war and ahead of the time we had already gone into Afghanistan.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source
“We've still got some of the old 3420 t shirts dow 3420 t shirts. But yeah, that's right. In 76, founder of the Almanac, my late great father, Yale Hirsch, discovered this amazing perennial pattern and how this phenomenon is based upon the exorbitant government spending, creates high inflation and how the subsequent decline of purchasing power, the dollar drives the market to incredulous new heights. You yourself were incredulous at the time. Cycles based on the previous moves from World War I, World War II, and Vietnam, which is what Yale was keying on. And the associated massive government spending and the inflation caused by it.”
2025-02-19 · Masters in Business · Jeff Hirsch on Why Big Federal Spending Plus Inflation = “Superbooms” · IDENTIFIED FROM THE TRANSCRIPT · source