yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

The Global Economic Trends Post-Election | Explorer


2m read
·Nov 11, 2024

Where do you see things now that we're about a month in?

I would actually distinguish between what we actually see in the markets and the story that Wall Street is telling. The story that Wall Street is telling is all optimistic. We're going to have all this boosted economic growth. A lot of that seems to me to be based upon wishful thinking.

If you look at a chart of the stock market over the past 10 years, you see this big dip with the economic crisis and this huge rise. Then there's a little further legal at the top, which is what's happened since this election. The markets are not, in fact, building a huge optimism about growth. I think they are probably underweighting the chance of catastrophe.

There was another recent world event where a lot of people in the immediate aftermath said this is going to be an economic catastrophe. That hasn't quite happened yet, but it sounds like maybe what you're saying is be careful about getting too comfortable.

Well, actually, Rex, it was a huge shock to the European project. The consequences five years, ten years down the pike could be very severe. It did not put people with zero experience in charge of running the British government. It's people with long experience and competence. They talk to people who are reasonable.

But it's nothing at all like what happened here. There's this global moment that populism is having, right? We're hearing that certainly here, but also in Europe as well. That rise of populist leaders.

You wrote recently that that term is somewhat misattributed to Donald Trump, in the sense that in his first few weeks he has pretty much been siding economically with big business versus the individuals, the populace. We can mean a bunch of things, and normally when you say populism, you have in mind someone who is a factor on it, soak the rich, and do all kinds of stuff for the populace and doesn’t care about the elite.

More Articles

View All
How To Financally Plan Before Marriage | Jason Tartick & Kaitlyn Bristowe
It’s a crazy thought process to leave 10 years of NBA grinding all over the country in corporate America to go on reality TV, but it was that thought process that actually changed my life. Somebody in your family, either side, comes to you and says, “Loo…
One-step multiplication equations: fractional coefficients | 6th grade | Khan Academy
Let’s say that we have the equation two-fifths x is equal to ten. How would you go about solving that? Well, you might be thinking to yourself it would be nice if we just had an x on the left-hand side instead of a two-fifths x, or if the coefficient on t…
Life is an Obstacle Course - Choose Your Player
Imagine you’re standing at the starting line of an obstacle course. Now, this course is filled with all sorts of challenges like climbing walls, crawling under nets, balancing on beams, wading through muddy waters, and so much more. Each part of the cours…
LEGO TACO! And Other Great Images -- IMG! Episode #47
Do you consider yourself a fan of dogs? Or cloud ice cream? Well, it’s episode 47 of IMG! This is a mirror and this is clear glass. A broccoli tree house and, with the right outline, Europe can be a dragon. In the early 1900s, Arthur S. Mole and John D. …
Shopping For Affordable Watches With Teddy Baldassarre
Teddy’s learning he’s the grasshopper; he’s learning from the master. That’s the way I look at it. [Laughter] Garbage! You know, when you’re a fashionista like me, you can pick style out five yards away already. I’m kicking Teddy’s ass here; this is amazi…
Vintage Yellowstone Commercials Show How Much Has (and Hasn't) Changed | National Geographic
[Music] Oldest, largest, and one of our most beautiful vacation lands is Yellowstone National Park. Antelope feed peacefully on grassy slopes. Woof woof, a black bear! But don’t worry; he’s friendly; he won’t bother you. For many years, Old Faithful has…