China’s problems are only beginning

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 16 August 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

I’m back in the saddle again after a successful hip replacement. Thanks to everyone who sent me well wishes. During my downtime, I’ve been researching a topic that hasn’t been getting the attention it deserves: the disaster unfolding in China. In case you haven’t heard, real estate developer Country Garden is in default… the yuan is selling off hard… and the country’s recent economic data shows no signs of improving anytime soon. Daniel and I break down the latest data points out of China—including warnings from several companies—and explain why things will get worse before they get better. I also highlight why the yuan is crashing… why China’s attempts to boost its currency aren’t working… and how the country’s real estate collapse could spill over into another $3 trillion industry. I share how investors should play the situation… and a couple of companies that rely too heavily on China. One company that expects to come out unscathed is Nvidia (NVDA). Management recently said China’s slowdown won’t affect it at all, despite China accounting for 20% of revenues. Daniel and I discuss the expectations for NVDA’s upcoming earnings report… and share our opinions on how the stock will react next week. Don’t miss tomorrow’s episode of WSU Premium, where Daniel and I will dive into international markets… sift through some recent 13F filings to see where the smart money is investing right now… and discuss the latest sign of “dedollarization” in the global energy market. [Subscribe to the premium podcast at WSUOffer.com.] In this episode Dire warnings about China’s economy [3:05] China’s disastrous economic data [8:00] The yuan is crashing [10:55] A $3 trillion ticking time bomb [14:40] These companies rely too much on China [20:45] What to expect from NVDA’s earnings [29:45} Join us for WSU Premium [37:00] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Subscribe to the premium podcast at WSUOffer.com. Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media
0:07.0	to bring you unscripted interviews and breaking commentary direct from Wall Street, right
0:11.7	to you on Main Street.
0:16.0	How's it going out there?
0:18.0	It's Wednesday, August 16th, and you're listening to the Wall Street Unplug podcast.
0:25.2	I am your host today, Daniel Creech, Curzy Research Analyst, here at Curzy Research, I'm
0:29.6	the one that works for alongside in behind the one and only Frank Curzio, and hey, just
0:35.0	a minute, Frank had surgery a week ago, people, and he's hobbling into the office, and he
0:41.2	just can't let the reins go.
0:43.4	Frank Curzio, how are you, sir?
0:44.7	I'm doing good.
0:46.4	I'm doing good.
0:47.4	He's alive, everybody.
0:48.4	He is alive.
0:49.4	I surprised Daniel by walking in, and he's like, wow, I had no ideas, like a glad I was
0:53.9	here.
0:54.9	Yeah, I was going to take the day off.
0:57.0	That was funny, but yeah, I appreciate all the emails and everything.
1:03.3	Everything is okay.
1:04.3	Surgery went well.
1:05.3	I'm up and around and walking around, of course, that I was like, he can't drive for two
1:08.9	to three weeks, and my wife is the same thing.
	...

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