Tue, 24 December 2019
Jason Hartman and his mom take this Christmas Eve to evaluate how the United States was able to go an entire decade without going into a recession. This is something that has never been done before, so why did it happen now? The two listen to a CNBC story and break down each of the points: sometimes agreeing, sometimes pointing out flaws in logic.
Then to cap off the episode, Jason's mom discusses her recent 3 day property tour of the Space Coast and how it reminds her a little bit of California.
[3:14] CNBC clip about the US avoiding a recession for all of the 2010s
[7:00] GDP in the Great Recession dropped over 4% and some believe the unemployment rate (the unofficial one at least) was as high as the Great Depression
[11:57] There was relative price stability in the previous decades, but there was also wage stagnation
[21:47] Jason's mom's best advice for how to figure out what's going on in the economy
[24:09] Will Universal Basic Income become necessary when technology really kicks in?
[27:57] There may not be much of a bust coming because there hasn't been a huge boom
[28:23] Jason's mom's takeaways from her 3 day property tour of the Space Coast
Mon, 23 December 2019
Jason Hartman talks with NJ Ayuk, Executive Chairman of African Energy Chamber, CEO of Centurion Law Group, and author of the new book Billions At Play: The Future Of African Energy And Doing Deals, about the development that's happening inside Africa. Many outside of Africa view the continent with skepticism, but there's a big shift happening, especially in the banking sector (or lack thereof). Jason and NJ discuss some ways that Africa in general is beating first world countries, as well as how a shift toward property rights could go a long, long way toward more prosperity.
[3:54] Jason believes Nixon went to China to open up a cheap labor market
[6:06] Is Africa the next low cost labor market?
NJ Ayuk Interview:
[10:47] Africa may not have first world countries, but it has some infrastructure that's better than countries like the US
[14:04] Africa, unlike the United States, is not banking centric
[17:42] Money transfers have gotten so fast and easy that illiterate grandmothers are doing it
[21:21] What NJ views as the bedrock of a strong society