China’s ECONOMIC SLOWDOWN: What It Means for the World | The Daily Peel 🍌

Wall Street Oasis

Business

4.9 • 534 Ratings

🗓️ 24 September 2024

⏱️ 25 minutes

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Summary

In this episode of The Daily Peel, we dive deep into the current state of China’s economy, exploring the alarming signs of a slowdown and its implications globally. We’ll also touch on the impact of deflation, property values, and the reliance of Denmark's economy on pharmaceuticals. Tune in for insights on market trends and major stock movers! ----------------------------------------------------------- 🎯 𝗟𝗔𝗡𝗗 𝗔 𝟲-𝗙𝗜𝗚𝗨𝗥𝗘 𝗛𝗜𝗚𝗛 𝗙𝗜𝗡𝗔𝗡𝗖𝗘 𝗥𝗢𝗟𝗘 (𝗚𝗨𝗔𝗥𝗔𝗡𝗧𝗘𝗘𝗗) Interested in landing a role that can pay you upward of $𝟮𝟬𝟬,𝟬𝟬𝟬 right out of the gate? What if that was guaranteed? Come learn more about WSO Academy: https://www.wallstreetoasis.com/academy?affiliate=socialwinner-youtube ----------------------------------------------------------- 𝗪𝗦𝗢 𝗪𝗲𝗲𝗸𝗹𝘆 𝗪𝗿𝗮𝗽𝘂𝗽 - ⁠⁠𝗦𝗶𝗴𝗻 𝗨𝗽 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 𝗛𝗲𝗿𝗲⁠⁠ https://www.wallstreetoasis.com/media/newsletters/wso-weekly-wrapup The Daily Peel - Sign Up Here https://www.wallstreetoasis.com/media/newsletters/the-daily-peel Join our Discord - Sign Up Here https://discord.gg/Dn3YJZTbsF ----------------------------------------------------------- 𝗪𝗦𝗢 𝗣𝗼𝗱𝗰𝗮𝘀𝘁: Apple: https://podcasts.apple.com/us/podcast/wall-street-oasis/id1463441793 Spotify: https://open.spotify.com/show/7nQxuApNXFkUSvojQGKyAQ?si=GrYh2zIHSsub8S8xIX0PjQ&nd=1 Stitcher: https://www.stitcher.com/show/wall-street-oasis-2 ----------------------------------------------------------- WSO Courses: https://bit.ly/2ESzrv2 WSO Resume Review: https://bit.ly/2Z0DFYq WSO Mentors: https://bit.ly/3lIHoUi WSO Events: https://bit.ly/350vMGd

Transcript

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0:00.0	Today, we are going to be lasering in on an economy that is, to use the technical term,
0:04.7	fucked.
0:05.4	We are talking about the second largest economy in the world by nominal GDP and the single
0:09.5	largest economy in the world if we use purchasing power parity, which is, of course, China.
0:22.2	What's up, Apes?
0:25.0	Welcome back to the Daily Peel's Daily podcast of the day.
0:30.1	Thank you all for joining us here once again on the world's single most influential and popular financial program.
0:33.4	I don't know why I said financial there because it's just program in general.
0:35.1	We got a lot going on here today.
0:39.9	It was a busy week last week with Fed rate cuts, a bunch of other central banks, making moves, choosing to not make moves as we talked about here in today's edition.
0:43.9	Today, we are going to be lasering in on an economy that is, to use the technical term, fucked.
0:49.2	We were talking about the second largest economy in the world by nominal GDP and the single
0:53.3	largest economy in the world if we use purchasing power parity, which is, of course, China. So we'll be breaking that down in just a couple of minutes here, that their first big story in the day, and then we'll be finishing things up talking about some of the biggest stock moves of the day. We got a lot of action going for companies like Tesla. Who else was a big mover on this session here today? GM,
1:11.6	that's slap where the big downgrades we'll be talking about the spread between those, you know, newer and traditional auto makers.
1:16.6	And finally, we are talking about pigs and pills because the Denmark economy is really fucking weird.
1:21.6	So let's go ahead and get right into it.
1:24.6	The WSO-Alpha portfolio, this is our proprietary portfolio over here at Wall Street
1:29.7	Oasis, so you know that it's obviously bagging millionaires left and right, even though it did
1:34.4	slightly underperform today. Maybe not underperform. Let me see what the indices did here real
1:39.6	quick. Fuck, I just lost my tab. So the W-Swerf portfolio is up 30 basis points for the session oh no we didn't
1:45.7	underperform anybody who's talking s b 500 up 28 basis points for the session the nazdak up 14
1:51.4	basis points the dow up 15 basis points not that anybody cares and the russell 2000 down at 37
	...

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