E88: First principle politics, China chaos & outlook, state of private/public markets & more
- Jul 21, 2022
- 1:44:02
- Full Episode
0:00 Bestie intros 1:45 First principle politics, analyzing each party's cynicism 48:07 Chaos in China: bank protests, housing protests, slowing economic and population growth, future outlook 1:09:21 Automation and the impact of the information economy 1:16:31 BlackRock loses $1.7T of investor money during H1 2021, state of private and public markets 1:36:36 Amazon acquires One Medical
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Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://twitter.com/pelositracker_/status/1549535561718714368 https://www.politico.com/news/2022/07/20/biden-pelosi-trip-taiwan-china-military-00047031 https://www.wsj.com/articles/nancy-pelosis-taiwan-education-china-taipei-military-defense-11658265311 https://www.reuters.com/world/us/china-warns-forceful-measures-if-us-house-speaker-pelosi-visits-taiwan-2022-07-19/ https://www.tesla.com/blog/tesla-repays-department-energy-loan-nine-years-early https://housestockwatcher.com/summary_by_rep/Hon.%20Nancy%20Pelosi https://www.thedailybeast.com/democrats-quietly-try-to-jam-nancy-pelosi-on-stock-trading-ban https://poll.qu.edu/poll-release?releaseid=3852 https://www.nytimes.com/2022/07/19/opinion/democrats-far-right-midterms.html https://www.washingtonpost.com/politics/2022/07/19/trailer-desantis-beats-trump-democrats-bet-maga-more-lessons-latest-fundraising-quarter/ https://www.reuters.com/article/obama-abortion/obama-says-abortion-rights-law-not-a-top-priority-idUKN2946642020090430 https://twitter.com/micsolana/status/1549868945640914951 https://www.washingtonpost.com/opinions/2022/07/18/spanish-language-media-disinformation/ https://www.nytimes.com/2022/07/19/world/asia/china-bank-scandal-protest.html https://twitter.com/WallStreetSilv/status/1549790086656581640 https://www.nytimes.com/interactive/2019/01/17/world/asia/china-population-crisis.html https://www.ft.com/content/91441aca-1665-4660-843f-9cf7222becff https://datacommons.org/place/country/CHN https://www.bloomberg.com/news/articles/2022-06-22/china-housing-market-slowdown-drags-economy https://www.wsj.com/articles/chinas-economic-distress-deepens-as-lockdowns-drag-on-11652703162 https://www.bbc.com/future/article/20220531-why-chinas-population-is-shrinking https://data.worldbank.org/indicator/sp.dyn.tfrt.in?locations=cn https://www.wsj.com/articles/xi-jinping-aims-to-rein-in-chinese-capitalism-hew-to-maos-socialist-vision-11632150725 https://www.thinkadvisor.com/2022/07/20/how-blackrock-lost-1-7t-of-clients-money/ https://www.nytimes.com/2022/07/21/business/amazon-one-medical-deal.html https://www.bloomberg.com/news/articles/2022-07-21/ex-coinbase-manager-arrested-in-us-crypto-insider-trading-case
Brief Summary
The episode discusses a fight, political candidates, the Chinese economy, and venture capital challenges.
Key points
- Political Corruption Exposed. A deep dive into the questionable trading activities of political figures.
- Media Credibility Crisis. A discussion on how media bias affects public trust and political narratives.
- Democrats and Fundraising. The discussion reveals how Democrats may prioritize fundraising over legislative action on key issues.
- Intellectual Honesty in Politics. The need for self-reflection and honesty in political discussions is emphasized.
- Economic Risks Ahead. Concerns are raised about the economic future and its potential consequences for society.
- China's Economic Challenges. Discussion on China's slowing economy and rising protests against banks and real estate issues.
Episode highlights
- Political Corruption ExposedA deep dive into the questionable trading activities of political figures.“It's inexcusable that kind of behavior.”7:22Jul 21, 2022
- Media Credibility CrisisA discussion on how media bias affects public trust and political narratives.“The media is bankrupt; they're just going for clicks.”18:10Jul 21, 2022
- Democrats and FundraisingThe discussion reveals how Democrats may prioritize fundraising over legislative action on key issues.“The Democrats would rather fundraise off this issue.”21:31Jul 21, 2022
- Intellectual Honesty in PoliticsThe need for self-reflection and honesty in political discussions is emphasized.“We owe it to ourselves to be intellectually honest about what happened.”25:32Jul 21, 2022
- Economic Risks AheadConcerns are raised about the economic future and its potential consequences for society.“If we get this wrong, that will be the tinderbox that lights everything on fire.”40:02Jul 21, 2022
- China's Economic ChallengesDiscussion on China's slowing economy and rising protests against banks and real estate issues.“China's economy is growing very slowly.”48:37Jul 21, 2022
- Demographic Crisis in ChinaExperts discuss the alarming decline in China's population and its implications for the economy.“China is facing demographic collapse in the next decade.”1:02:52Jul 21, 2022
- Global Repercussions of China's CollapseA potential collapse of China's economy could lead to global contagion.“If China has a collapse, that's gonna have global repercussions.”1:03:59Jul 21, 2022
