11min chapter

The David McWilliams Podcast cover image

Is America the Next Big Short? With Michael Lewis

The David McWilliams Podcast

CHAPTER

Trust and Economic Turbulence

This chapter examines the critical role of trust in society and financial markets during Donald Trump's administration, citing a significant loss of $4.5 trillion in stock market value. The discussion contrasts historical economic contexts, particularly focusing on the Ming Dynasty's isolationist policies, and their detrimental effects on innovation and society. As skepticism in the markets grows regarding the administration's promises, the chapter raises concerns about potential financial crises fueled by confrontations with the Federal Reserve.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode