The ACID Capitalist Podcast Acid Breath 2 - The Macro Blues
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Nov 22, 2024 Delve into the profound realization that you are the master of your universe, as societal constraints keep us hustling and second-guessing. Explore the staggering rise of the S&P since 1980, juxtaposed with stagnant real wages for the average person. Unpack the intricacies of global trade and the widening wealth gap, particularly due to China's practices. Reflect on the fragility of today’s markets with echoes of the 1929 crash, before finding serenity through mindful relaxation techniques amidst this economic turbulence.
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Uneven Prosperity
- Prosperity breeds toleration of incompetence, but it's unevenly distributed.
- The ultra-rich are flourishing, while others are left behind, struggling.
China's Trade Strategy
- China's trade surplus creates a flow of dollars back to the US, used to buy government bonds.
- This keeps the Chinese currency cheap and prevents their citizens from getting rich and demanding more freedoms.
Asset Inflation and Political Upheaval
- Asset inflation is fueled by the deflation of global labor costs.
- This disparity contributes to political upheaval, like Brexit and rising protectionism.
