China's Problems Are The World's Problems | Michael Drury

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

[greggcal]

Michael Drury is a thoughtful speaker.

[WestCoast-syfq]

It's rare to interview someone so fundamentally dishonest but with such a respectable aura and demeanor. The lies are carefully slipped in. "inflation is approaching 2%"..."someone is making money on all that interest." The way a talented chef mixes ingredients.

[johnblomberg]

This guy is obviously super long and straight up ignoring the obvious generational cracks in the economy. If "only" 30% of the population become completely unable to participate in the economy, that's not a minor problem that can be offset by a bunch of boomers owning their houses... These stats about 2/3 of Americans owning their home does not take into account the amount of young people still living with their parents (who own their home) and can't move out.

[antonv]

What a fantastic interview! Many thanks for sharing!

[drewcampbell]

It seems like the evolution under the last three presidents has been the transition between people working full time jobs to Full time plus a side hustle or working two part time jobs

The Home Depot-izing of employment. The "Congrats, you're hired, you'll work four 8 hour shifts a week. Never, ever, ask for a fifth shift"

[pascalxus]

let's get something straight. Just because your house went up by 7% per year does not mean it went up in value. It means the dollar is crashing at 7%+ or more. Your purchasing power isn't any higher than before. does anyone really think that their house, their gold, their rent, their gas, their steak! are all going up in value!??? come on, let's be real here.

[manishdoshi]

good Interview. Decent logic. Here is my question: If economy is stable, inflation is coming down, why Fed is cutting rates? Why NY Fed President asked to cut rates soon and Fed committee discussed possibility of cutting rates in July?

[steviedsolve]

That chat was phenomenal. Such a lot of info that was explained brilliantly. Thanks guys.

[DewKeenan]

Great program! How can we follow Michael?

[garrettpatten]

As long as the koolaid bowl never stops growing we can all have a drink

[jonh]

Great interview, but would like to point out the UK does manufacture cars, but not as many as it used to. Aston Martin, Bentley, Jaguar, Land/Range Rover, London EV Company, Lotus, McLaren, Mini, Morgan, Nissans, Rolls Royce and Toyota's.

[veitastic]

He is completely off regarding Germany buying directly energy from Russia. How misinformed can someone be…

[phatster]

Made in China = Made in Vietnam/Mexico + extra shipping

[Gman]

Using American metrics to gauge Chinese economic situation is destined to fail. Lol

[laviddeong]

I find his metaphors and analogies to be weak

[adriansaw]

The trade surplus...how much of it belongs to foreign /Western MNCs like Nike Apple Dell etc exporting from China?

[untitled]

Nice one. Is there anyone here who switched their field to become an economist? I'm a software developer that wants to.

[stephanvogt]

To be honest, I can't imagine there being another country with as many gaugers and fortune tellers as the USA.
That's not a bad thing for a start.
The problem is that they can be bought and are lining their own pockets, just like all the preachers who are constantly touting silver and mining stocks.

[jimbobarooney]

The reason rates won't come down as much as might be expected, is the bond market has stiffed out financial repression, the basement of currency, and they want their pound of flesh

[fit.avinash]

Political instability in India??? Really? Where does your guest get his information? Fyi, Mr.Modi has won the elections recently for a record third unstable?