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The David McWilliams Podcast

A Letter from America with Jim Chanos

The David McWilliams Podcast

David McWilliams

News & Politics

4.6643 Ratings

🗓️ 5 September 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

This week, we dive into the shifting tides of the U.S. economy and its global impact on smaller countries like Ireland, who are deeply tied to American trade and investment. With the Fed’s balancing act of boosting stock markets while trying to control inflation, are we heading into another bubble? As inequality deepens, we ask what the upcoming U.S. election could mean for the global economy. Legendary short-seller Jim Chanos joins us to discuss why he believes we’re living in a “Golden Age of Fraud” and how investors are ignoring red flags. Are we returning to a 1970s-style economic era, but with new players like China and the rise of social media-driven distrust? We explore it all in this week's episode.


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Transcript

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0:00.0

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1:00.8

To understand the economy, you have to understand human nature.

1:08.8

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1:14.4

How you doing there?

1:16.1

Podcast time.

1:18.0

We are going to talk about the United States,

1:21.3

not least because the United States is looming large

1:24.5

in everybody's timeline, on the news, cetera, and the United States is still the

1:32.3

most important economy in the world, and particularly for countries like Ireland who have kind of

1:37.9

hitched their wagon to the United States in trade or investment or capital flows.

1:41.9

What happens to the United States?

1:43.1

I know it's a cliche, but, you know,

1:44.8

if the Americans sneeze the rest of the world, particularly small countries like Ireland,

1:49.8

and it's fair to say other European countries catch a cold. Now, none of you get vaccinated.

...

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