#066: Talking Trade Wars With David Stein
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 2 April 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
David Stein, host of the Money For The Rest of Us podcast, will explain the importance of trade, and how the trade, and trade wars, might impact you and your retirement.
For more information, visit the show notes at http://www.bigpictureretirement.net/066
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:05.1 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:12.9 | Hello everyone and welcome to the Big Picture Retirement Show, where we deliver insight on what you need to know for a meaningful and successful retirement. |
| 0:22.1 | If you are planning for or living in retirement, this is the show for you. I'm Devin and John Ross is sitting across the |
| 0:28.5 | desk for me again today. Hi, John. Howdy. Devin, you know when I was getting my undergraduate |
| 0:35.6 | degree in accounting, we were required to take three semesters of economics. |
| 0:43.5 | Macro, micro, and then an elective, an upper level elective. |
| 0:48.1 | Sounds familiar. |
| 0:49.1 | My upper level elective was international economics. |
| 0:55.1 | Oh, yes. You bit one off, didn't you? International economics. Oh, yes. |
| 0:56.1 | You bit one off, didn't? |
| 0:57.2 | International economics. |
| 1:02.3 | Our professor was from South America somewhere, and I don't remember where this was actually his first year to teach in America. |
| 1:05.5 | And I sat at the front of the room because that's the kind of nerd I am. |
| 1:10.5 | Anyway, he was a nice guy. |
| 1:12.6 | I did well enough in the course, but I tell you, I don't remember a lot of it. |
| 1:18.1 | Yeah. |
| 1:18.6 | But here's what I basically remember from international economics, and that is trade is good |
| 1:24.9 | and anything that affects trade is bad. Yes, you can break it down very simple. Trade good, anything that affects trade is bad. |
| 1:28.3 | Yes, you can break it down very simple. |
| 1:30.0 | Trade good, things that affect trade bad. |
| 1:32.2 | Pretty much. |
... |
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