What happens to markets when globalization ends? Sign up for an IRA with iTrust today using this link: itrust.capital/David Subscribe to my free newsletter: davidlinreport.substack.com/ FOLLOW PATRICK BOYLE: RUclips: www.youtube.com/@@PBoyle X (@PatrickEBoyle): x.com/PatrickEBoyle LinkedIn: www.linkedin.com/in/patrickboyle/
The leader in sustainability is Walmart it's a joke What is inflation monopolies inability to kill every last small and medium business you are euphemism for recapturing market share Come to $lazr luminar technologies Let's decentralize and democratize Fintech Into our pockets this time
Love his sense humor & practical observations. Because age & circumstances put me past my time of actively following financial trends I find that his show helps stretch my awareness a bit while enjoying the program. Being a car guy I hope he'll show us his garage someday . Or not. 😅.
I think Patrick Boyle's personality, in addition to the quality of his content, is the basis of his success. His sense of humor in particular is excellent. You can't really teach that.
I was in one of his classes during my masters year and he was a standout teacher - always good to see him succeeding, I didn’t even realise he had started uploading content other that the old basic J. hull summaries.
I appreciate Patrick's broad knowledge, plus balanced analysis, and David's inquisitive mind. Good conversation. BTW, please take it easy with R Wolff, a great mind but not balanced.
Hey David! Thanks for bringing Patrick on. I've been following his content for a while because he presents a "different" take from most that's excellent.
I was also thinking that... poor Patrick, I assume he was strugling to not say anything, but sometimes you are invited to something and you just assume it is serious
All l've been hearing over the past six months are negative - market crash, multinational corps are pulling out, foreign direct investments shrunk, unemployment is rising, etc... Tourism is rotting. Shops are closing. It's been reported that the real estate market accounts for roughly 30% of the economy and it's crashing to a virtual halt. So how does the Chinese GDP still grow at 5%? Can someone please explain that to me?
😂 because it's not true and widely exaggerated the US economy is rotten to the core but there are being portrayed as healthy but china that's growing,5% is stagnant if so why Janet Yellen going to ask china to borrow money 😂.. remember USA pas a 1.6 billion propoganda bill on china
It's a very, very simple answer. They're lying. You see, the political fortunes of local and provincial party leaders have been based on economic growth. The higher the number, the more likely you are to get promoted up the party ladder from some nasty post in Yunnan to somewhere comfier on the coast. As well, people who don't meet growth targets at best have their careers frozen. At worst... demotion. Even back in '08, Chinese leader Hu Jintao basically said "We don't really know what the real numbers are for the economy" because there was so much manipulation. The legitimacy of the CCP is based on economic performance. As long as the economy improves, no one really minds. When the economy slumps, people are less tolerant of the more unsavory features of the CCP: endemic corruption, arbitrariness, blunt authoritarianism, etc. Social stability, the one thing Bejing really cares about, is at risk.
Comedy! That's one of the major factors that makes Patrick's channel awesome. Can't think of any other presenter of economics that managed to make it funny!
India. India is next for global manufacturing. I work for a decent sized industrial pump company in the US, we’re owned by an even bigger pump company that owns several other pump company’s. All the branches have used China as a 90% primary parts source for a little over a decade now. Parent companies goal is to shift everything we current get from China over to Indian suppliers. On average right now, India is 15-20% cheaper for castings and machined parts. The shipping times are shorter, the shipping prices are lower, and for us the parts land on the east coast rather than the west coast which cuts out a week of transit and several weeks of port time since LA is always so far behind.
If you know Indian culture,and it's work ethics,you will a fool to set up business there.2000 multinationals has left India up to date,that should be a clue5:03
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
China collapsing sounds familiar ever since it's economy started rapid growth. What I can see is the economic collapsing in the following order: UK, EU (France and Germany specifically), Canada, USA, Japan, South Korea, ...
The CCP mismanagement of the Chinese Economy is fatal. The Chinese Economy has been collapsing since 2020. Its just been covered up by the CCP. China is impoverished and has a literally crumbling infrastructure.
@@matthewmccarthy2406no ideas of what you are talking about. Chinese infrastructure crumbling? Have you been to China in the last ten years as comparison to US, UK and other 5 economies like Canada , Australia, India, Japan and South Korea, China infrastructure is far superior in rail, air travel, public transport and roads and its more than 15-20 years ahead of above mentioned nations. If you have not been to a country, your comment is worthless.
@@matthewmccarthy2406Chinese economy from 1980,s ranking 104th to today number2 by CCCP, all of sudden it collapses by the same government? That is your imagination.
It’s been happening. It is happening. But since China isn’t a free market economy, it’s showing up as a decrease in the standard of living of the Chinese people rather than all at once in the stock market.
Ignore the language like collapse. Long term stagnation seems more likely. Japan style. Though China has not gone up the value add as much as Japan had so will be interesting to see how they try to manage this.
I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
Hi David, Congratulations on your own program. Great idea interviewing Patrick Boyle. Big score getting him on your program. I’ve never seen him give an interview before now. So I tip my hat to you here! My next request is for you to get Peter Ziehan on. And for a real show stopper get them to come on together with you. I would love to see this dynamic of you 3 together. Good luck here, Pete
I am not a fan of China, but this is all so hyperbolic. So, according to them China is collapsing, but at the same time is the world's largest manufacturing, the largest global importer of raw materials, the largest car manufacturer (and growing so much it threatens other markets), the holder monopoly of electric battery manufacturing, still the biggest electronics manufacturing center, the biggest green energy market in the world... Why is that then? How can a country be collapsing and achieving so many goals at the same time? Obviously there is a fast slowdown to the Chinese economy, they are not really sustainable in economic terms, their real estate has objectively collapsed and their banks are a joke, but what about everything else going right for them?
Actually this video is not really hitting the point. Look up Richard Koo and his interviews of balance sheet recession. Essentially he is saying China is heading the same way as Japan. China's technically bankrupt because of the excess liabilities accumulated with the overvaluation of the stock market and residential housing market. Obviously these two markets have crashed leaving the people highly leveraged and paying down debt. However, this doesn't mean it's not making money. Cashflow remains positive but more resources will be used to pay down debt instead of people and companies borrowing money to invest in capital growth. Only way out is for government to carry out some fiscal stimulus to inject money back into the market that have accumulated in the banks from the higher savings and debt repayments. Personally speaking, China hasn't actually finished yet with its industrialisation policy. This is just part of structural adjustment the economy needs to undergo to reach full industrialisation for the remaining 2/300 million people. What also people actually fail to see is that actually a lot of those China EV companies are Tech companies. Majorly into robotics. Check out some videos of people visiting China EV car plants. The reason why EVs are cheap isn't predominately the low cost of labour. It's the replacement of labour. Capital won out. Those factories only need like 500 to 600 people to run and can churn out as many cars as you want, but other factories might be employing in the 1000's to 10,000 to produce the same output. Technology and capital won in China, labour is losing.. which will eventually cause issues for the government with mass unemployment (actually already happening).
@@DamienKSC Boyle does hit the point; he clearly states the situation in China is analogous to Japan in the later 1980s, so he even specified a date within a few years for that period. He also stated that China is trying to export its way out of this and the problem was the directives of Xi who is essentially political in orientation and doesn't see himself as having the role of overseer, as an economic responsibility. If you want more detail on this see China Outlook with Tony, who is living in China and is an economist and speaks fluent Mandarin. He is pro China in focus but also clear about the nature of developments currently. Boyle did not go into more detail on this because the interview was far more wide ranging than that. For some reason you filtered Boyle's substance out of the picture and seem to want to damage his credibility..
@@deborahcurtis1385 I don 't buy the balance sheet narrative. The U.S. consumers are full of debt, and the only reason they can spend beyond their means is because of excess saving around the world, namely China. Even if Chinese concomers are paying down their debt, they still have a lot of savings, and they can deploy that savings to grow the economy.
@@phillip76 China is not what it was. Also the capacity of the US to borrow is ultimately a question of their ability to repay, and confidence in the USD. The situation in China is imploding, the Chinese have lost confidence in the economy and that's a crucial factor; they can't be forced to spend. Geographically the US has vast tracts of fertile soil and is able to feed its own people it's China which is vulnerable right now.
@@deborahcurtis1385 No it is not. U.S. consumer ability to pay is based on lower interest rates, or cheap money supported by global investors, China, and very bad moral values that value spending over savings, and investments. U.S. economy is supported by the U.S. dollar, which in turn supported by U.S Empire. This is not ok, morally, and not sustainable. China is still growing at around 5%. If you are talking about food production. Well, China is self-sufficent in many agriculture products. China in also connected to global markets in trade. So, that is not a problem. It seems to me Americans can no longer afford to live in America. That is the big problem, and overtime, this is going to get worst with automation, and price inflation. The biggest problem for Americans in America, and China cannot help at this point. Americans are at a vulnerable position. That fact that your hatred to hurt China makes you morally rotten. I assume there are more people like you. Morally rotten folks don 't produce values. rotten folks like your self cannibalist your own. Best of luck.
In my opinion, the problem with the usual application of Ricardo's comparative advantage is it leaves out the implication of environmental and labor laws. As I've said for over forty years is the United States has been exporting pollution and importing poverty.
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy >>and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
Zachery M Demers is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.>
I love that so many experts from countries whose economies have been stagnant for decades can see all the "problems" with a country that is in the midst of an economic miracle. I have a lot more confidence in China's economy than I do in the economic prospects of Britain, Germany and the rest of the G7 in the decades ahead.
Totally agree with you. Definitely the China story is still very much alive with far more to come. Per capita GDP of ~14K is still far below that of the developed world.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Great interview David. thanks. I believe trying to analyze or understand the markets is not possible as traders decisions are mostly ‘ emotional’ . But understanding the overall world economics and trends is very helpful for long term investors success . This gentlemen is very interesting . please have him more often .
If Patrick is basing his theory on the Chinese slowdown due to students not coming to the US/UK for their education, he is wrong. Chinese students no longer need to leave China for a top-notch university education. They have plenty of high powered institutions to attend right in China. In fact, China probably has two or three of the best universities on the planet.
Yes, you're correct that there is less desire for a US/UK/Can/Aus education. The costs are ridiculously high and I don't think parents see the rewards to be as great as in the past. Also, Chinese universities have improved greatly over the past 20 or so years.
The Chinese economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents.inflation has left the less haves bearing the brunt of the burden. Its already eating into my retirement portfolio. Like where else can we invest our money with less risks?
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
its the two prev years of hiring freezes and we have had alot of layoffs whats this guy smoking that the usa econ is ok? consumer spending tells the tale. get out of your ivory tower.
Consumer spending in the U.S. actually doing just fine, as the data last week. That said everything not all roses in the U.S. Things are definitely slowing. But we’re going to ride out global downturn much, much better than rest of world. Our challenges aren’t nearly as bad as the things China is facing. China is totally screwed.
Patrick is a worthless PoS who works for financial institutions. He's never produced anything of value into the economy. He's gotten rich scamming people and screwing people over for his own profit. He will not get out of his Ivory Tower
@@MaxnPow China produces things, we don't. I think you're confused about who's screwed when the trade between us stops. Go through your house and look at the 'made in' labels on the things you own and then tell me China is screwed again lol
I was in China recently and people are going about their lives normally and tourism is booming. People are not screwed over there. If you ask first home buyers in China, many are happy that they can finally afford a home not too far from the city centre. Owners of multiple properties aren't too happy but they seemed to have accepted that house prices cannot go up exponentially forever.
It’s hard to believe any of these people when they never mention the false data being given also the trouble with middle and low income debt piling up people with no money all they do is talk about data. I guess that’s OK when you have a nice big income and a living a nice lifestyle, so Mr. Lynn needs to bring that up to his people that come on his show
@@louishall3700 Never forget though, democrats NEVER stop. They might stop talking about it for a little while, but they WILL force it upon us at some point.
Thanks for sharing! I'm a bit surprised that Patrick did not describe the US economy as late stage, but instead as doing fairly well. It seems abundantly clear that even if all published economic stats are as accurate as those in the past, US economic growth peaked in 2022 and has drastically slowed its rate of increase, if not gone negative. Just look at retail sales, manufacturing PMIs, new construction ground breaking, etc.
@@whydoncha "China is under serious pressure from a collapsing real estate sector, deflation, population decline, and very high youth unemployment" "Uh, why didn't you mention all of the US's problems?? US growth has PEAKED (dude trust me bro) so it's literally over for the US" We're in a world where EVERY economy is struggling, or under serious pressure. Some more worse than others.
Right re: investing in Tesla components. Remember: The folks who made money in 1849 CA Gold Rush, sold shovels and dungarees (jeans in todays parlance), not the prospectors!😂
My wife is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. What strategies should I be employing in my portfolio right now?
It’s precisely at times like these that investors need to be on guard against the next certainty. Hence, finding the appropriate asset allocation and collaborating with an advlsor if you are unable to manage these market conditions.
@@EvanLiam-w9s No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 80% rise from early this year. I and my CFA are working on a 7 figure ballpark goal, tho this could take till Q2 2025.
@@purplebliss6875 Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
![Coheed and Cambria - Searching for Tomorrow [Official Video]](http://i.ytimg.com/vi/hDsYGLbmadg/mqdefault.jpg)
What happens to markets when globalization ends?
Sign up for an IRA with iTrust today using this link: itrust.capital/David
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FOLLOW PATRICK BOYLE:
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Defi is a scam
The leader in sustainability is Walmart it's a joke
What is inflation monopolies inability to kill every last small and medium business you are euphemism for recapturing market share
Come to $lazr luminar technologies
Let's decentralize and democratize Fintech
Into our pockets this time
The Texas infomercials if it's ami or amply it doesn't matter following Lynn Davenport we're all Arthur Andersen employees now
only following for a year, you have been missing out, better late than never
lol, this podcast aged well... (after only 1 week it was 100% wrong). probably not even a record for these fearmongering bozo's.
Patrick Boyle has the best rap channel on youtube.
Mr Boyle’s RUclips channel is among my favorites. Great to see him on another channel!
Definitely one of my top five crypto rap channels.
Absolutely!
I love Patrick's dry humor
Yup he's very funny, might be missed by some as he has such a straight manner whilst pointing out utter nonsense.
Ditto
I like his wet humor.
@@justicedemocrat9357his damp humour is actually the best.
Love his sense humor & practical observations. Because age & circumstances put me past my time of actively following financial trends I find that his show helps stretch my awareness a bit while enjoying the program.
Being a car guy I hope he'll show us his garage someday . Or not. 😅.
I think Patrick Boyle's personality, in addition to the quality of his content, is the basis of his success. His sense of humor in particular is excellent. You can't really teach that.
Humor is a great communication tool. It helps people remember the point the speaker is making.
Not used to seeing Patrick Boyle get interviewed, just used to watching his channel which i have also been subbed to for a year or 2. Great interview.
I was in one of his classes during my masters year and he was a standout teacher - always good to see him succeeding, I didn’t even realise he had started uploading content other that the old basic J. hull summaries.
I appreciate Patrick's broad knowledge, plus balanced analysis, and David's inquisitive mind. Good conversation. BTW, please take it easy with R Wolff, a great mind but not balanced.
One of my favourite people who speaks wisdom! Thanks David for having him as a guest! Blessings.
lol, this podcast aged well... (after only 1 week it was 100% wrong). probably not even a record for these fearmongering bozo's.
Hey David! Thanks for bringing Patrick on. I've been following his content for a while because he presents a "different" take from most that's excellent.
You lost me when you started talking about storing Bitcoin. I am here for a financial interview not for ponzi scheme shilling.
These so called financial experts are snakes. So their words cannot be taken seriously
I was also thinking that... poor Patrick, I assume he was strugling to not say anything, but sometimes you are invited to something and you just assume it is serious
Bad creator but great guest.
Never refuse to see the reality.
50 minutes of great interview but a speech about crypto “ oh you lost me “ cry me a river shitty pants
Patrick's videos on John Law and Ponzi are epic. I love his channel. I wish we could have heard his views on gold.
He does great work on bad actors. His FTX critiques are awesome.
All l've been hearing over the past six months are negative - market crash, multinational corps are pulling out, foreign direct investments shrunk, unemployment is rising, etc... Tourism is rotting. Shops are closing. It's been reported that the real estate market accounts for roughly 30% of the economy and it's crashing to a virtual halt. So how does the Chinese GDP still grow at 5%? Can someone please explain that to me?
You are right China uses made up figures.
😂 because it's not true and widely exaggerated the US economy is rotten to the core but there are being portrayed as healthy but china that's growing,5% is stagnant if so why Janet Yellen going to ask china to borrow money 😂.. remember USA pas a 1.6 billion propoganda bill on china
It's a very, very simple answer. They're lying. You see, the political fortunes of local and provincial party leaders have been based on economic growth. The higher the number, the more likely you are to get promoted up the party ladder from some nasty post in Yunnan to somewhere comfier on the coast. As well, people who don't meet growth targets at best have their careers frozen. At worst... demotion.
Even back in '08, Chinese leader Hu Jintao basically said "We don't really know what the real numbers are for the economy" because there was so much manipulation. The legitimacy of the CCP is based on economic performance. As long as the economy improves, no one really minds. When the economy slumps, people are less tolerant of the more unsavory features of the CCP: endemic corruption, arbitrariness, blunt authoritarianism, etc. Social stability, the one thing Bejing really cares about, is at risk.
It isn't. It's tracking 4.7% right now. Sub 5% growth is bad for a developing economy.
I'm guessing you believe they had zero COVID deaths too 😂
I always feel like I'm in the know when I watch Patrick. You, too, David!
I could listen to him talk for hours and hours. Wish I could watch his courses online.
Comedy! That's one of the major factors that makes Patrick's channel awesome. Can't think of any other presenter of economics that managed to make it funny!
India. India is next for global manufacturing.
I work for a decent sized industrial pump company in the US, we’re owned by an even bigger pump company that owns several other pump company’s. All the branches have used China as a 90% primary parts source for a little over a decade now. Parent companies goal is to shift everything we current get from China over to Indian suppliers.
On average right now, India is 15-20% cheaper for castings and machined parts. The shipping times are shorter, the shipping prices are lower, and for us the parts land on the east coast rather than the west coast which cuts out a week of transit and several weeks of port time since LA is always so far behind.
Yes, stop buying cheap junk from China, switch to buying cheap junk from India instead!
@@alvinseah5423😂😂😂😂too precise
@@alvinseah5423 then cycle repeats itself when India becomes our geopolitical adversary.
If you know Indian culture,and it's work ethics,you will a fool to set up business there.2000 multinationals has left India up to date,that should be a clue5:03
Many foreign companies left India after being ripped off.
I had no idead Moby is into finance as well. Impressive.
“We are all made of Morning Star…” - Finance Moby
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Patrick Boyle looks like Moby 😀
Nah Patrick is a rapper
Thank you. Patrick Boyle is an interesting guy to interview and you did a nice job.
When Patrick Talks I listen... His very cautious with his point of view in this video.
I love Patrick 's channel!
patricks great. wicked sense of humor too!
Oh man Patrick Boyle!!!
Patrick is awesome. Very knowledgeable with a great sense of humour.
Patrick is a legend
Can't have a global market without global consumers. Producers are only half the story, and the easy half at that.
I love it when two channels I love come together.
I have watched Patrick since he started, lo❤him!
Warched the whole thing. Great channel
If 5% GDP growth is considered as collapsing, G7 economies are already in depression.
I love it when my favorite RUclipsrs do a video together 🥰
China collapsing sounds familiar ever since it's economy started rapid growth. What I can see is the economic collapsing in the following order: UK, EU (France and Germany specifically), Canada, USA, Japan, South Korea, ...
The CCP mismanagement of the Chinese Economy is fatal. The Chinese Economy has been collapsing since 2020. Its just been covered up by the CCP. China is impoverished and has a literally crumbling infrastructure.
EU is fine... still number one for tourists also...
@@matthewmccarthy2406no ideas of what you are talking about. Chinese infrastructure crumbling? Have you been to China in the last ten years as comparison to US, UK and other 5 economies like Canada , Australia, India, Japan and South Korea, China infrastructure is far superior in rail, air travel, public transport and roads and its more than 15-20 years ahead of above mentioned nations. If you have not been to a country, your comment is worthless.
@@matthewmccarthy2406Chinese economy from 1980,s ranking 104th to today number2 by CCCP, all of sudden it collapses by the same government? That is your imagination.
Gordon Chang predicted "The Coming Collapse of China" in his well known book almost 25 years ago. We are still waiting?
Excellent coverage and guest
Wow, two of my most favourite hosts on financial subjects. Thanks a lot.
Great conversation...effective journalism
I am reading "collapse" and "slowdown" for at least the last 12-18 months. When is that really gonna happen?
It’s been happening. It is happening. But since China isn’t a free market economy, it’s showing up as a decrease in the standard of living of the Chinese people rather than all at once in the stock market.
Already happing….we are slowly experiencing that
@@ianshaver8954
Compare you average Chinese worker to the average American worker, who is worst, and why?
Ignore the language like collapse. Long term stagnation seems more likely. Japan style. Though China has not gone up the value add as much as Japan had so will be interesting to see how they try to manage this.
@@ianshaver8954 lol, this podcast aged well... (after only 1 week it was 100% wrong). probably not even a record for these fearmongering bozo's.
Great Video
I am puzzled. If China's trade balance each month is $80 billions, doesn't that means manufacturing is churning out vigorously?
..come on, don't trust your lying eyes, trust what the script announcer tells you
Look forward to enjoying your channel David
thanks David for interviewing a young budding rapper!
😂
Ye ye wut wut
Patrick dropping knowledge. Straight from the streets.
Lord Boyle, UK Minster of the Finance and Duke over Treasure Tower, is a S tier asset for public financial literacy.
I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Have you had an influx of migrants from Asia or South America?
Hi David,
Congratulations on your own program.
Great idea interviewing Patrick Boyle. Big score getting him on your program. I’ve never seen him give an interview before now. So I tip my hat to you here!
My next request is for you to get Peter Ziehan on.
And for a real show stopper get them to come on together with you. I would love to see this dynamic of you 3 together.
Good luck here,
Pete
Economy is contracting but not collapsing.
Very Wise Man. Great podcast
David it was podcast coup getting Patrick for this interview! Great Job!
Great interview! Patrick is so popular because of his no-nonsense approach to important issues combined with his dry wit
Patrick! My man!
Great show, I'm a big fan of Patrick, and David.
I am not a fan of China, but this is all so hyperbolic. So, according to them China is collapsing, but at the same time is the world's largest manufacturing, the largest global importer of raw materials, the largest car manufacturer (and growing so much it threatens other markets), the holder monopoly of electric battery manufacturing, still the biggest electronics manufacturing center, the biggest green energy market in the world...
Why is that then?
How can a country be collapsing and achieving so many goals at the same time?
Obviously there is a fast slowdown to the Chinese economy, they are not really sustainable in economic terms, their real estate has objectively collapsed and their banks are a joke, but what about everything else going right for them?
Actually this video is not really hitting the point. Look up Richard Koo and his interviews of balance sheet recession. Essentially he is saying China is heading the same way as Japan. China's technically bankrupt because of the excess liabilities accumulated with the overvaluation of the stock market and residential housing market. Obviously these two markets have crashed leaving the people highly leveraged and paying down debt. However, this doesn't mean it's not making money. Cashflow remains positive but more resources will be used to pay down debt instead of people and companies borrowing money to invest in capital growth. Only way out is for government to carry out some fiscal stimulus to inject money back into the market that have accumulated in the banks from the higher savings and debt repayments.
Personally speaking, China hasn't actually finished yet with its industrialisation policy. This is just part of structural adjustment the economy needs to undergo to reach full industrialisation for the remaining 2/300 million people.
What also people actually fail to see is that actually a lot of those China EV companies are Tech companies. Majorly into robotics. Check out some videos of people visiting China EV car plants. The reason why EVs are cheap isn't predominately the low cost of labour. It's the replacement of labour. Capital won out. Those factories only need like 500 to 600 people to run and can churn out as many cars as you want, but other factories might be employing in the 1000's to 10,000 to produce the same output. Technology and capital won in China, labour is losing.. which will eventually cause issues for the government with mass unemployment (actually already happening).
@@DamienKSC Boyle does hit the point; he clearly states the situation in China is analogous to Japan in the later 1980s, so he even specified a date within a few years for that period.
He also stated that China is trying to export its way out of this and the problem was the directives of Xi who is essentially political in orientation and doesn't see himself as having the role of overseer, as an economic responsibility. If you want more detail on this see China Outlook with Tony, who is living in China and is an economist and speaks fluent Mandarin. He is pro China in focus but also clear about the nature of developments currently.
Boyle did not go into more detail on this because the interview was far more wide ranging than that.
For some reason you filtered Boyle's substance out of the picture and seem to want to damage his credibility..
@@deborahcurtis1385
I don 't buy the balance sheet narrative. The U.S. consumers are full of debt, and the only reason they can spend beyond their means is because of excess saving around the world, namely China. Even if Chinese concomers are paying down their debt, they still have a lot of savings, and they can deploy that savings to grow the economy.
@@phillip76 China is not what it was. Also the capacity of the US to borrow is ultimately a question of their ability to repay, and confidence in the USD. The situation in China is imploding, the Chinese have lost confidence in the economy and that's a crucial factor; they can't be forced to spend. Geographically the US has vast tracts of fertile soil and is able to feed its own people it's China which is vulnerable right now.
@@deborahcurtis1385
No it is not. U.S. consumer ability to pay is based on lower interest rates, or cheap money supported by global investors, China, and very bad moral values that value spending over savings, and investments.
U.S. economy is supported by the U.S. dollar, which in turn supported by U.S Empire. This is not ok, morally, and not sustainable.
China is still growing at around 5%. If you are talking about food production. Well, China is self-sufficent in many agriculture products. China in also connected to global markets in trade. So, that is not a problem.
It seems to me Americans can no longer afford to live in America. That is the big problem, and overtime, this is going to get worst with automation, and price inflation. The biggest problem for Americans in America, and China cannot help at this point. Americans are at a vulnerable position.
That fact that your hatred to hurt China makes you morally rotten. I assume there are more people like you. Morally rotten folks don 't produce values. rotten folks like your self cannibalist your own. Best of luck.
In my opinion, the problem with the usual application of Ricardo's comparative advantage is it leaves out the implication of environmental and labor laws. As I've said for over forty years is the United States has been exporting pollution and importing poverty.
The irony of pumping crypto while interviewing Peter is palpable.
If 5% growth is collapsing, what is the situation in the US and EU today, at the hell?
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy >>and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
How can i get started when it comes to investing and passive income?
Zachery M Demers is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.>
I've been hearing this sob story about the US economy for over 10 years now. Yet stocks keep going up and up and up.
I enjoy Patricks videos for the music reviews😂
We’re screwed
Really enjoyed Patrick Boyle. Your show is high quality, David.
I love that so many experts from countries whose economies have been stagnant for decades can see all the "problems" with a country that is in the midst of an economic miracle. I have a lot more confidence in China's economy than I do in the economic prospects of Britain, Germany and the rest of the G7 in the decades ahead.
Totally agree with you. Definitely the China story is still very much alive with far more to come. Per capita GDP of ~14K is still far below that of the developed world.
@@jamesho8820They can buy a very nice car in China for $14k.
My word, you two. You're doing a good job pretending to be Westerners for the 祖國。
Then simply put, you have no idea what you’re talking about. China?! Haha. They’re so screwed.
@jamesho8820 The Chinese can buy very nice cars for 14k!
Great interview on both sides.
It's nice to see an interviewer who doesn't interrupt
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
China is facing a 20y depression .....
Thank you for the great quality interviews David
Patrick's humor is a big differentiator
I’m not really interested in economics…but I find Patrick, interesting, informative and very funny…that’s why I watch him.
Bitcoin is gearing up for a monumental leap to new all- time highs.🚨
Absolutely. It's an exciting time to be in crypto. Strap in and enjoy the journey.
this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??
Yes grahamconsults
i'm in my fifth trade with him and it has been super.
On telegram?
Great interview David. thanks. I believe trying to analyze or understand the markets is not possible as traders decisions are mostly ‘ emotional’ . But understanding the overall world economics and trends is very helpful for long term investors success . This gentlemen is very interesting . please have him more often .
Patrick has a great channel and a wonderful sense of humor.
If Patrick is basing his theory on the Chinese slowdown due to students not coming to the US/UK for their education, he is wrong. Chinese students no longer need to leave China for a top-notch university education. They have plenty of high powered institutions to attend right in China. In fact, China probably has two or three of the best universities on the planet.
Let him speak, world is not China that you can control!
👍👌👌👌👏👏👏
Yes, you're correct that there is less desire for a US/UK/Can/Aus education. The costs are ridiculously high and I don't think parents see the rewards to be as great as in the past. Also, Chinese universities have improved greatly over the past 20 or so years.
Internet means education is no longer location specific
For sure, and China dominates material science, just to name an example.
Great job Patrick, subscribed to him a few years ago.
This guy is way more interesting speaking on the fly than his normal pre planned videos 😅
Completely agree. His pre planned videos are interesting but a ruined by the laboured humour.
My favorite team! Patrick and David
The Chinese economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents.inflation has left the less haves bearing the brunt of the burden. Its already eating into my retirement portfolio. Like where else can we invest our money with less risks?
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
“Fake financial influencers” ! Mr. Lin you are hosting one on a regular basis : Gareth Soloway 😢
Nice guest !
its the two prev years of hiring freezes and we have had alot of layoffs whats this guy smoking that the usa econ is ok? consumer spending tells the tale. get out of your ivory tower.
Consumer spending in the U.S. actually doing just fine, as the data last week. That said everything not all roses in the U.S. Things are definitely slowing. But we’re going to ride out global downturn much, much better than rest of world. Our challenges aren’t nearly as bad as the things China is facing. China is totally screwed.
@@MaxnPow sure, as long as NATO/US does not initiate a war with China. That would change reality for both countries.
Patrick is a worthless PoS who works for financial institutions. He's never produced anything of value into the economy. He's gotten rich scamming people and screwing people over for his own profit. He will not get out of his Ivory Tower
@@MaxnPow China produces things, we don't. I think you're confused about who's screwed when the trade between us stops. Go through your house and look at the 'made in' labels on the things you own and then tell me China is screwed again lol
I was in China recently and people are going about their lives normally and tourism is booming. People are not screwed over there. If you ask first home buyers in China, many are happy that they can finally afford a home not too far from the city centre. Owners of multiple properties aren't too happy but they seemed to have accepted that house prices cannot go up exponentially forever.
Great program!
Finally, a guest that makes up for the past three 😂
Don't know about that. This guy is an utter moron or completely dishonest.
Brilliant subject matter! Loved the show!
didn't expect to see these two collab. APPORVED. Patrick's monotone yet witty explanation of high IQ stuff is second to none. LOVE HIM!
Great interview David
We all love Patrick!
thanks David - love Patrick's channel
David great guest, Patrick is brilliant. He integrates some fantastic humor into his videos
Save this video and watch it again every year.
I’m sorry, am I hearing this right? “There’s nothing major going on for the US economy”? Do you have eyes? 😂
The US didn't just have its real estate sector implode.
David! You got Patrick!! ❤😊🎉
It’s hard to believe any of these people when they never mention the false data being given also the trouble with middle and low income debt piling up people with no money all they do is talk about data. I guess that’s OK when you have a nice big income and a living a nice lifestyle, so Mr. Lynn needs to bring that up to his people that come on his show
Yeah Mr. Patrick who produces nothing of value but has managed to get rich with other people's money doesn't understand economics. What a surprise lol
Yeah you random mr. Smith will understand economy more than a guy running a hedge fund after i assume getting a degree needed for that
OMG I just realised that Patrick Boyle taught at QMUL.. been watching his videos for a while.. he's just grown so much more in my eyes.
Ey, cool, two of my favorite RUclipsrs in one frame!
Good questions- thoughtful responses. It was very interesting.
Meanwhile America is going to have unrealised capital gains tax
Lol that got walked back in less than 2 days 😊
@@louishall3700 Never forget though, democrats NEVER stop. They might stop talking about it for a little while, but they WILL force it upon us at some point.
Ck fails to admit is his core.talent as a rapper. Way underappreciated.
David, you are churning them out! Careful you don't overdo it, friend.
Patrick was a great guest, very useful info
Thanks for sharing! I'm a bit surprised that Patrick did not describe the US economy as late stage, but instead as doing fairly well. It seems abundantly clear that even if all published economic stats are as accurate as those in the past, US economic growth peaked in 2022 and has drastically slowed its rate of increase, if not gone negative. Just look at retail sales, manufacturing PMIs, new construction ground breaking, etc.
I don’t know where you’re getting your facts but US GDP is not negative. Also you’re describing short term statistics.
@@whydoncha "China is under serious pressure from a collapsing real estate sector, deflation, population decline, and very high youth unemployment"
"Uh, why didn't you mention all of the US's problems?? US growth has PEAKED (dude trust me bro) so it's literally over for the US"
We're in a world where EVERY economy is struggling, or under serious pressure. Some more worse than others.
Because he is focusing on stocks and investment. I agree with him, US investors are covered and not much is going on.
Patrick is the boss
Right re: investing in Tesla components. Remember: The folks who made money in 1849 CA Gold Rush, sold shovels and dungarees (jeans in todays parlance), not the prospectors!😂
Goldmine of knowledge
My wife is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. What strategies should I be employing in my portfolio right now?
It’s precisely at times like these that investors need to be on guard against the next certainty. Hence, finding the appropriate asset allocation and collaborating with an advlsor if you are unable to manage these market conditions.
@@EvanLiam-w9s No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 80% rise from early this year. I and my CFA are working on a 7 figure ballpark goal, tho this could take till Q2 2025.
@@DeannaPeters-lz8we Pls how can I reach this CFA, I need someone to help me manage my portfolio
@@purplebliss6875
Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@DeannaPeters-lz8we Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
If this guy is looking to become the next FED chair, everything he said make a LOT of sense.
Is China in crisis? Of course;
Is China collapsing? WTH😂 Gordon Chang is that you?