Michael Drury on China's Trillion Dollar Secret and Why The U.S. Is Not Headed Imminently Into A Recession
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. – Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ 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 __ 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