This interview with Michael Drury explores how China’s problems affect the global economy, its economic advantages, and where it spends its trillion-dollar surplus. We also discuss the US economy’s resilience, why Michael doesn’t see a recession, and much more.
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Timestamps:
(00:00) Introduction
(00:31) The Risks Of Financialization
(02:07) Financial Market Signals
(05:37) China & The Global Economy
(09:44) China's Problems Are The World's Problem
(15:15) US Economic Resilience
(21:07) How Good Is The US Economy?
(27:11) Fed Vs Wall St. Priorities
(30:28) Comparing Major Economies
(37:18) China's Economic Advantages
(40:44) Where China Spends Its Money
(49:44) China's Growing Influence
(53:01) The US Economy & Inflation
(01:10:31) European Economy
(01:11:58) Asian Economies
(01:14:48) Camp Kotok
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets