5 Things You Need To Know: The Podcast
Join Kevin Depew and Cory Bortnicker for the third edition of 5 Things You Need To Know: The Podcast. Topics include:
1.) Hyperinflation v. Deflation
2.) What's going on at Wal-Mart?
3.) The Return of Layaway
4.) S&P or Cash?
5.) Wait, what is this "savings" of which you speak?
Each week, Kevin and Cory will break down the biggest stories on the Street, and why they matter to you. Cory knows next to nothing about economics. Fortunately, Kevin does.
Download the podcast here. Or stream it below. Or read the transcript.
The podcast is a project in motion. We welcome your thoughts and questions as we evolve. E-mail us.
Thanks for listening, and enjoy.
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thanks
Awesome.
Love the "Magic Bus" closing music too.
Now what was that Blood Sweat and Tears song about the spinning wheel and riding a painted pony?
Cheers
1) My recollection (err, from reading, not personal experience) is that the worst year for the US stock market was 1932, and the best year was 1933. Didn't the deflation in the US around that time occur mainly after 1933? In other words, won't the stock market rebound substantially before the worst of the deflation?
2) What will be the indicator that we are switching (if it happens) from deflation to hyper-inflation? A rapidly falling US dollar? How would we know when to switch investments strategies?
3) Will large personal savings actually lead to economic recovery? Japan, which suffered from deflation in the 1990s, had tremendous personal savings, but it never seemed to lead to much economic activity in Japan. Does government interference in the economy prevent this from happening? Specifically, if governments end up controlling large banks and other companies, would this keep us in a downturn, despite increased personal savings?
4) Are the excess debt problems of today due to events in the last 10 or 15 years, or do we find the source of these problems in the debt that the US incurred for WW II, and in the continued efforts of Western governments and Japan since then to prevent recessions through government borrowing and low interest rates? In other words, is the “bad debt brush buildup” much deeper and thicker than most believe, so that the fire that destroys it will be far worse than most imagine?
5) Will people buckle down and save and enjoy the simple things in live, or turn into the fearful masses that brought us suicides, Hitler, Mussolini, and other political turmoil, ending in blaming other people for our lower living standards and seeking wacko and desperate solutions, including trade wars, international aggression, and ultimately war?
