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The John Batchelor Show

#ScalaReport: The Magnificent 7 Techs and the American economy. Chris Riegel, Scala.com #STRATOCACHE

The John Batchelor Show

John Batchelor

Books, News, Society & Culture, Arts

4.52.8K Ratings

🗓️ 17 May 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary


#ScalaReport: The Magnificent 7 Techs and the American economy. Chris Riegel, Scala.com #STRATOCACHE
https://money.usnews.com/investing/articles/magnificent-7-stocks-explainer

1943 Detroit

Transcript

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0:00.0

This is a CVSI and the world. I'm John Bachelor. In Beijing, Vladimir Putin,

0:10.9

president of the Russian Federation, and she Jin Ping,

0:14.0

general secretary of the Chinese Communist Party, agreeing on everything in terms of

0:18.6

military cooperation in order to refute, push back, challenge what is called the containment by the US and NATO.

0:28.0

At the same time, I learned from a colleague of mine, Anatole Leaven, back home in Moscow, Anertol, Vladimir Putin

0:36.6

has made an important change.

0:38.7

Andre Belousev is the new Minister of Defense. He's no General. He's no former military man. He's

0:45.7

an economist 65 years old. And his mission is not to win the war in Ukraine, which

0:51.3

will be won or lost by other generals.

0:54.0

But to re-industrialize Russia, this is something I'm told Vladimir Putin has been promising for years,

1:01.0

re-industrialization. I'm keen on that word and I welcome

1:05.6

Chris Regal, the CEO of scholar.com. This is the scholar report because it's the

1:11.6

same word I've heard from the EU when it talks about its defense

1:15.7

needs, re-industrialization, complaining that they offloaded defense industry to the United States many years ago and have to rebuild their own.

1:26.2

It's also a word I hear in the US, especially from the US Navy representatives, saying we must

1:31.9

re-industrialize our shipbuilding but they mean in all

1:35.4

directions and then there's the complication that the US has a really extremely

1:41.5

envy tech sector. Chris a very good evening to you.

1:44.6

Re-industrialization. Everybody wants to use that word but it has many meanings.

1:49.6

Your measure of the re-industrialization overseas, especially the tech re-industrialization.

1:58.0

I've come to talk to you only about T-SMC.

2:01.5

Are other countries investing in re-industrializing their tech sector or is it entirely in the

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