China's Economy Is Collapsing, What Happens To Global Markets? Patrick Boyle

Patrick Boyle, Professor of Finance at King's College London and Queen University of London, and host of his YouTube channel "Patrick Boyle", discusses the deterioration of globalization, the rise of trade wars, and the problems that the world's second largest economy, China, faces.

*This video was recorded on September 17, 2024

FOLLOW PATRICK BOYLE:

FOLLOW DAVID LIN:

*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
1:10 - Patrick Boyle's career
2:50 - Hard or soft landing?
3:50 - How will markets react to Fed pivot?
7:10 - Asset allocation
11:04 - Bank of England rate cut expectation
13:51 - U.S. election and market response
15:50 - Tech layoffs
17:34 - China's economic slowdown
21:00 - China's population decline
22:39 - China's impact on global economies
23:40 - End of globalization
24:40 - Tariffs on cars
26:30 - Trading blocks
27:35 - Comparative advantage
30:25 - Protectionism vs. free trade
33:40 - Currency wars
36:20 - Declining fertility rates
38:30 - Inflation outlook
41:10 - European Union
43:00 - Future of media

#economy #china #investing

[TheDavidLinReport]

What happens to markets when globalization ends?



FOLLOW PATRICK BOYLE:

[yawzerdoink-a-sore-as]

Finally, a guest that makes up for the past three 😂

[douglasx]

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.

[tanisharbaap]

This guy is going off the deep end - unsubscribing.

[marsmotion]

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.

[Kevinbrian]

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.

[johnnylarue]

I love Patrick, but it seems to me that there are a lot of storm clouds on the horizon.

[GuzzarAwan]

well Chinese "massive slowdown" means growth decline from 10% to 4-5% . not like 2/3% in US and west. And base is almost same for US and China. even with 4/5% china will surpass US.
Also the PPP GDP of china is far higher than US. Its natural that Population will feel lot of pain due to sudden decline in growth that also with 4-5%.
But like many of US cities, many of Chinese cities r also on verge of default.

[gregwong]

Meanwhile America is going to have unrealised capital gains tax

[fizzifish]

thanks David for interviewing a young budding rapper!

[simony]

China slows down, others are recessions or bankruptcy.

[marks]

Chinese Exports hit an all-time record last quarter with America being the largest growth, This guy speaks total tripe. China owns the majority of the supply chains. Manufacturing in the US has declined 20% this year, All European American Korean car manufacturers need China for their own electric cars No China No batteries or electric motors etc

[TexasRiverRat]

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.

[rustyshackleford]

Patrick's videos on John Law and Ponzi are epic. I love his channel. I wish we could have heard his views on gold.

[deseosuho]

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.

[VideoconferencingUSA]

Great job Patrick, subscribed to him a few years ago.

[anahitaaalami]

patricks great. wicked sense of humor too!

[Li-nfgz]

He is teaching since 2009. I bet he has zero bitcoin like many other traditional finance gurus 😅

[jtrealfunny]

Victor Niederhoffer gets mentioned and things begin to make a little more sense regarding P. Boyle. Niederhoffer was an eccentric thinker and investor, prone to blow ups, who brought a lot of interesting ideas to the table, sort of an anti quant or anti system approach person at a time when computers and hard analysis were gaining traction; remember 'day traders' picking up the scraps? That's all gone away. I do wonder if there's a way to trade that is all feel or intuition. Didn't Keynes spend like 20 minutes a day studying and trading currencies and made a fortune? Take it from the man.

[actualfacts]

The auto industry is certainly moving away from globalisation.