‘Nasty Surprise’ To Hit Economy, Markets, No One Is Ready | David Hay

David Hay, Founder of Haymaker Publications and retired former co-CIO of Evergreen Gavekal, warns that hidden recession signals are flashing red, with job openings falling to their lowest levels since 2020 and more unemployed Americans than available positions for the first time since COVID. He recommends buying gold, commodities, and international assets while avoiding traditional US stocks and bonds. Watch David's last interview with David Lin:    • Massive Shortages, Empty Shelves In A Few ...   *This video was recorded on September 3, 2025. Subscribe to my free newsletter: https://davidlinreport.substack.com/ Listen on Spotify: https://open.spotify.com/show/510WZMF... Listen on Apple Podcasts: https://podcasters.spotify.com/pod/sh... FOLLOW DAVID HAY: Haymaker Substack: https://haymaker.substack.com/ David Hay's X (@Haymaker_0): https://x.com/Haymaker_0 FOLLOW DAVID LIN: X (@davidlin_TV): https://x.com/davidlin_TV TikTok (@davidlin_TV):   / davidlin_tv   Instagram (@davidlin_TV):   / davidlin_tv   For business inquiries, reach me at david@thedavidlinreport.com *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 0:00 - Intro. 1:49 - Why discuss recession? 7:50 - Unemployment spike for new entrants 10:35 - Housing market crisis and buyer demographics 16:38 - Stablecoin strategy of the Treasury Secretary 18:56 - Federal deficit spending and fiscal policy 21:54 - Gold 28:34 - Other commodities outlook 30:23 - Labor market turning point and implications for stocks 33:54 - The Fed 35:24 - Dollar weakness and international opportunities 38:41 - Asset allocation for 2026 and other trades #stocks #economy #investing