I trust Ed Dowds economic analysis who I've been listening to for several years. At the beginning he describes the big boom in AI taking place. He says its being way over hyped and its full of flaws which includes 25% serious inaccuracies making it useless for companies to use. It's in a very preliminary stage. He had me wondering if it may end up being a flop more or less.
At 16:50 he describes China's economy. There are so many conflicting reports on this it's hard to know whats going on. Basically China is booming or falling apart. He begins with the drop in demographics (population?) that began in 2020 will continue to 2032, a real estate crisis that implodes in 2026, their bonds aren't doing well and the plan is to export there way out of financial decline. Dowd calls this a classic deflationary collapse. Trump may have more leverage with the tariffs because of these factors. His company has just published an in depth report on Chinas economy for corporations so he doesn't report on all that was found.
Gold, a housing bust created by building homes for migrants, bank bailouts, a deep recession for the US coming are other topics.
At 16:50 he describes China's economy. There are so many conflicting reports on this it's hard to know whats going on. Basically China is booming or falling apart. He begins with the drop in demographics (population?) that began in 2020 will continue to 2032, a real estate crisis that implodes in 2026, their bonds aren't doing well and the plan is to export there way out of financial decline. Dowd calls this a classic deflationary collapse. Trump may have more leverage with the tariffs because of these factors. His company has just published an in depth report on Chinas economy for corporations so he doesn't report on all that was found.
Gold, a housing bust created by building homes for migrants, bank bailouts, a deep recession for the US coming are other topics.
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