{"id":60272,"date":"2021-11-04T06:26:03","date_gmt":"2021-11-04T11:26:03","guid":{"rendered":"https:\/\/olduvai.ca\/?p=60272"},"modified":"2021-11-04T06:26:03","modified_gmt":"2021-11-04T11:26:03","slug":"were-near-the-very-end-lawrence-lepard-on-bitcoin-gold-the-coming-crash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=60272","title":{"rendered":"“We’re Near The Very End”: Lawrence Lepard On Bitcoin, Gold & The Coming Crash"},"content":{"rendered":"
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“We’re Near The Very End”: Lawrence Lepard On Bitcoin, Gold & The Coming Crash<\/a><\/h3>\n<\/header>\n
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Submitted by\u00a0QTR’s Fringe Finance<\/a><\/em><\/p>\n

This is part 1 of an\u00a0exclusive<\/strong>\u00a0Fringe Finance\u00a0<\/em>interview with fund manager Lawrence Lepard, where we discuss the state of the economy, gold, bitcoin, catastrophic outcomes for the market, the supply chain in the country and more.<\/p>\n

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Lawrence Lepard (Photo: Kitco)<\/em><\/figcaption><\/figure>\n

Larry manages the EMA GARP Fund, a Boston based investment management firm. Their strategy is focused on providing “Monetary Debasement Insurance”. He has 38 years experience and an MBA from Harvard Business School. On Twitter he is\u00a0@LawrenceLepard<\/a>.<\/p>\n

Q: Hi, Larry. Thanks for joining me today. I\u00a0wrote earlier this week<\/a>\u00a0about why I thought the NASDAQ could be primed for a crash. Let\u2019s get right into it off the bat: what do\u00a0<\/strong>you<\/strong><\/em>\u00a0think could be the most likely catalyst for a market crash right now?<\/strong><\/p>\n

A: Very hard to say, think of it as like an avalanche. What snowflake is going to be the last one before it breaks free?<\/p>\n

The market is insanely overvalued, but until now has proven that what is insane can become more insane. So you can’t short it. Frankly all price signals are broken and we could be in a “crack up boom”.<\/p>\n

I do see signs of weakness (Evergrande, yield curve heading toward inversion, Fed reducing QE won’t help). Personally I think we are near the end and close to a crash, but I have thought that for some time and have obviously been wrong.<\/p>\n

Inflation coming in hot and being persistent is probably the most likely catalyst. Inflation will reduce profit margins and will make the current multiples look even more insane. Catalyst: psychology changes. Technically upward momentum has slowed. I think we are very near the end.<\/p>\n

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What do you think could be the LEAST noticed cause for a crash?<\/strong><\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“We’re Near The Very End”: Lawrence Lepard On Bitcoin, Gold & The Coming Crash Submitted by\u00a0QTR’s Fringe Finance This is part 1 of an\u00a0exclusive\u00a0Fringe Finance\u00a0interview with fund manager Lawrence Lepard, where we discuss the state of the economy, gold, bitcoin, catastrophic outcomes for the market, the supply chain in the country and more. Lawrence Lepard […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1849,32086,501,20223,4318],"class_list":["post-60272","post","type-post","status-publish","format-standard","hentry","category-economics","tag-financial-markets","tag-lawrence-lepard","tag-market-crash","tag-quoth-the-raven","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60272"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60272\/revisions"}],"predecessor-version":[{"id":60273,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60272\/revisions\/60273"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}