Mark Cuban: What the Fed-Driven Bubble Means for the Financial Establishment ( w/Raoul Pal )
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 28 March 2021
⏱️ 52 minutes
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| 0:00.0 | Well, I'm fantastic to get you on Reel Vision. Finally, it's my chance to get to sit down and chat to you. |
| 0:15.4 | I'm fine, you messed with the rest, end up with the best. You know there we are. |
| 0:19.8 | Thank you, my friend. Listen, I want to pick your brains about a bunch of things, |
| 0:23.7 | because there's a lot going on in the world, and you've always got some really interesting perspectives. |
| 0:28.3 | One of the things we're kind of framing right now, and somebody's going through my head and |
| 0:31.2 | probably going through your head is, oh, in some sort of bubble, you know, if we talk about |
| 0:35.1 | the financial markets first, what's your perspective on this? Because it seems like there's a lot going on. |
| 0:40.3 | Yeah, there's two types of bubbles in my mind. There are interest rate fed bubbles, |
| 0:46.4 | and then there are people driven buying bubbles, right? And depending on the asset, I think it's |
| 0:53.6 | a little bit different, but I think for the most part, this is a fed driven bubble more than it is |
| 0:59.2 | anything else. You know, so you can't really compare this part of just stock prices to what we saw |
| 1:07.6 | in with the internet bubble, right? Because interest rates back then were four or five percent, |
| 1:12.5 | so people have had risk-free alternatives. They could just put the money in a savings account and |
| 1:17.2 | make money, so it was a personal choice to come in and buy. But, you know, in some of the |
| 1:24.0 | collectible items, I think that there's joint responsibility. There's the money available from |
| 1:30.6 | the Fed, and then there's people looking to get into a variety of different types of collectibles, |
| 1:35.7 | whether it's crypto, whether it's trading cards, you know, art, whatever it may be. |
| 1:40.4 | And what about the massive rise of retail? You know, you know, I've seen you on Twitter talk |
| 1:45.2 | about it. We've all been looking at this. The huge rise of retail, which is great, but it seems |
| 1:50.4 | like it's come very quickly with stimulus checks and, you know, it seems to be driven by other things |
| 1:56.9 | as well. What's your take on the whole situation? I love it, right? Because it's the revenge of the |
| 2:02.4 | nerd, you know, it's the revenge of the little guy, and it's no different. It's just using some of |
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