Creating Wealth Real Estate Investing with Jason Hartman CW 1112: The Future is Asian with National University of Singapore's Parag Khanna, New American Foundation
Jason Hartman starts off the show discussing the changing economy and how economic prosperity isn't usually good for human character. Too many people start taking advantage of being able to make the easy sell and stop playing the long game, only focusing on the short game. He also explores the impact golf courses are having to property values as many are shut down across the country due to lack of interest.
Then Jason talks with Parag Khanna, author of The Future is Asian and founder of FutureMap, about what's really going on in regards to the trade war and its impact on Asia (which doesn't just mean China). The two discuss the role of technology in killing jobs around the world and Asia's impact on global consumption growth.
Key Takeaways:
[2:36] Times of economic prosperity are not good for human character
[4:48] Golf courses are shutting down, which is causing massive property value drops and need to figure out what to do with the land
[7:53] Buildings are going up in China in around 90 days
Parag Khanna Interview:
[11:21] What is Connectography?
[16:13] The premise of The Future Is Asian
[19:23] Parag can tell you who's going to win a trade war with China
[21:17] Technology is killing jobs a lot faster than trade is
[25:48] Most of the consumption growth is coming from Asia
[29:38] International competition is getting bigger and bigger, making any missteps even costlier
[35:38] Companies are shifting entire operations overseas to take advantage of those markets, but that's not necessarily a bad thing for America
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