The Pomp Podcast #1468 Dave Collum | Financial Disaster Is On The Horizon?!
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Jan 13, 2025 In this insightful discussion, Dave Collum, a chemistry professor at Cornell University and known for his annual economic reviews, analyzes pressing global issues. He examines the roles of Bitcoin and gold amid rising stock valuations and critiques government spending. Collum humorously debates cancel culture and frontier justice, reflects on the impact of inflation, and urges caution over tech business models. The conversation also touches on the complexities of tipping practices and the intersection of economic policies with modern politics, raising alarms about potential financial disaster.
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Broken Market, Not Outlawing Recessions
- The Federal Reserve broke the market, but recessions and corrections will still occur.
- Private equity's ability to profit from destroying companies indicates excessively loose monetary policy.
Business Quality vs. Capital Intensity
- Current businesses are not necessarily better, despite high free cash flow margins.
- Capital-light, non-wealth-creating businesses thrive due to cheap capital.
Collum's Near-Cancellation
- Dave Collum was nearly canceled at Cornell for defending police in a riot situation involving an older man.
- The incident highlighted the increasing intolerance and quickness to anger in society.
