The Ben Shapiro Show Ep. 963 - The Black Swan
Feb 28, 2020
The podcast dives into the stock market's tumble amid the pandemic, examining globalization's impact and political narratives. It humorously critiques the CDC's testing challenges and the federal government's budget management during the health crisis. Political chaos unfolds as Democrats grapple with their responses, while the dynamic between Biden and Sanders captures attention. Cultural critiques emerge, questioning societal views on empowerment versus victimhood, particularly in women's narratives. A lively discussion on upcoming primaries and a humorous mailbag moment adds flair.
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Market Correction
- The recent stock market drop is a market correction, exceeding 10% down.
- This drop reflects global supply chain disruptions and underlying economic weakness, especially in China and Europe.
Globalization Risks
- Globalization creates efficient production but increases vulnerability to disruptions.
- The current situation highlights the risk of relying heavily on single countries like China for manufacturing.
Market Uncertainty
- The global stock market decline is primarily due to uncertainty surrounding the coronavirus outbreak's impact.
- China's lack of transparency about the virus exacerbates market fears and makes it difficult to assess the true risks.