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

The Return | Week Three | 8.22.21 | Russell Johnson