King Trump and the Bubble Economy

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 16 January 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week’s second instalment on bubbles, we dive into America’s tech-driven exuberance and the dangers of the Magnificent Seven. Apple, Tesla, Nvidia, and their pals commanding a third of the S&P 500. Are they truly unshakable titans, or is it the dot-com bubble all over again? As the bubble inflates, Monsignor Joe Rogan is busy offering absolution to the tech bros, preparing them for King Trump’s coronation. But history warns us: bubbles don’t burst gently, and fragility hides behind the façade of strength. Join us as we explore irrational exuberance, FOMO, and why the "next big thing" always feels unstoppable, until it doesn’t.

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Transcript

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0:00.0	John, new idea for 2025, right?
0:03.5	For so long, people have been saying to me,
0:05.7	what books are you reading?
0:07.3	What books do you use in the podcast?
0:09.4	Where do you get your information for?
0:11.0	We are now going to start a book club to answer that question.
0:14.8	We're going to have a book a month.
0:16.7	And every month, at the end of the month,
0:18.3	we're going to have a live Zoom discussing the book, going through the book.
0:23.4	It's going to be called difficult dopamine.
0:25.5	The reason is everyone wants easy dopamine.
0:28.1	But this is difficult.
0:29.2	You've got to sit down, you've got to read, you've got to contemplate, you've got to digest, you've got to absorb.
0:33.2	So it is the Dave MacWilliams podcast book club.
0:36.4	It's available on Patreon.
0:38.2	That's patreon.com forward slash Dave MacWilliams.
0:41.4	If you're not on Patreon, you're not in the book club.
0:45.8	How did the dog sneak out?
0:48.2	When did that parcel vanish?
0:50.6	Who was outside last night?
0:53.1	Arlo doesn't miss a thing.
0:55.3	From 4K cameras to powerful AI detection,
	...

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