Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends

in your understanding of economic life. Hello and welcome to this week's Dividend Cafe. This is David

Bonson. I am the chief investment officer at the Bonson Group.

And I actually am recording in Newport Beach this morning. I'll be flying to New York City tonight.

But I'm recording at my house in Newport, not at the office because I was so deep into my reading and writing this morning that I decided to get this

recorded quicker as opposed to later. And there's a good reason for that. I think you're going

to find what we're going to discuss here today a little meatier than normal, but not in a boring

or dry way or hard toto-understand way.

I mean, at least I'm hoping that it will help kind of unpack some things that we talk about a lot

and explain them and provide a little bit of new information that will give you a better understanding

of the whole investment world.

And certainly the written version at D cafe.com, I think you'll find a really helpful kind of sequence to how to think about

a couple of major topics. So those two major topics that I address this week are the way we view dividend investing,

the way we view the benefits of companies that have a certain strategy or policy around

growing the cash flow distribution they make to us investors.

And then the whole entire concept on which the world turns right now of where we are in

global debt and where we are going.

And you cannot really think of too many things that are in the investment world, certainly in the

economic world, that do not one way or the other run into this topic. One looks at the health

of various companies. It has everything to do with the indebtedness or lack thereof of those

companies, maybe the profitability

of those companies which intersects with their debt level. But most of the time people talk

...