We Study Billionaires - The Investor’s Podcast Network TIP301: Grant Williams & Luke Gromen Talk Global Macro Economics (Business Podcast)
Jun 14, 2020
In a thought-provoking discussion, Luke Gromen, founder of Forest for the Trees, and Grant Williams, co-founder of Real Vision TV, dissect pressing global macroeconomic issues. They explore how the U.S. manages to print dollars without significant depreciation and the treacherous geopolitical dance with China. The conversation also touches on the role of gold and Bitcoin amidst economic turmoil, and whether the U.S. could face a crisis akin to historical precedents like the Weimar Republic. They unravel investment strategies that challenge conventional wisdom about share issuances.
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Debt Forgiveness as Geopolitical Strategy
- China offloading dollar-denominated debt suggests a geopolitical contest.
- The US and China are vying for global influence using both incentives and pressure.
A New Great Power Competition
- The US officially declared a "new great power competition" with China.
- This declaration resembles a "war scroll" and signals a shift in geopolitical and financial rules.
Market Meltdown Anomalies
- Oil prices experienced a negative dump, an unexpected event.
- Hertz stock rose 100% after bankruptcy, highlighting the market's unpredictable behavior.
