Welcome Back To The Capitalist Investor Podcast! This week on the Capitalist Investor Podcast, the squad discusses the official “Bull Market” definition. The hosts highlight the potential risks and uncertainties that could drive the market down and emphasize the importance of paying attention to fundamentals and earnings. The podcast also covers the Fed's three moves, which could lead to a pause, hike, or cut, and the need for revolving credit to start getting paid off. The hosts question the US's $31 trillion deficit and compare it to China's $14 trillion debt, which is close to 50% of their GDP. The hosts caution that the US has nothing to show for its debt, while China has grown without taking on debt, becoming a dominant economy in the world. The hosts discuss the key differences between past and present exports and how they could impact businesses and the economy. China has grown exponentially in exports, becoming a major player in the semiconductor and technology world, without borrowing money to grow. The podcast ends with a discussion on current events and cancel culture, with the hosts expressing their opinions on the implications of cancel culture. The hosts maintain a defensive investment stance and remain cautious about the current market rally. Additionally, the podcast discusses the potential impact of China invading Taiwan and the resulting chain reaction on the supply chain, worse than COVID, as well as the potential for inflation to skyrocket. The speakers then briefly discuss the U.S. Open golf tournament and provide insights on the course and players. The opinions expressed in the podcasts are for general informational purposes only and are not intended to provide specific advice or recommendations for any investment, legal, financial or tax strategy. It is only intended to provide education about the financial industry. Please consult a qualified professional about your individual needs.
Timestamped Chapter Summary