David Woo - U.S. Economy and Middle East Tensions
Вставка
- Опубліковано 20 чер 2024
- Looking to Buy Gold? Hard Assets Alliance : hardassetsalliance.com/?aff=BSC
David Woo, former head of Global Interest Rates, Foreign Exchange, Emerging Markets Fixed Income Strategy & Economics at Bank of America (that's a mouthful), is taking his knowledge from Wall St to Main St with David Woo Unbound.
David believes a new Cold War has begun with the U.S. and Europe against China and Russia.
In the first of this 2 Part series, we discussed Middle East tensions between Israel and Iran, and what it means to the oil price and where he sees the biggest risks to the global economy.
In Part 2, David goes deep into U.S. politics and polarization and states why Trump will win in 2024.
Links:
Hard Assets Alliance for all your gold and silver needs hardassetsalliance.com/
David Woo Unbound www.davidwoounbound.com/
Timeline
00:00 Intro
05:22 View on US Economy
09:29 Interest Rates & Inflation
13:51 Risk of Not Cutting IR
20:20 Might Tighten Next Month
22:10 Oil Going Higher
23:48 Iran Oil Production
24:45 Exxon Merger Why
26:35 Crown Prince and Putin
28:05 Iran Proxy Wars Houthi
31:15 Israel versus Iran
32:55 Will Iran Attack Israel
35:40 Summarizing
37:12 Zelenskyy Sending Message to Biden
40:05 Possible Oil Embargo
44:10 Biden Pressuring Qatar
45:30 If Iran Gets Involved in Regional War
46:58 Conclusion
WAIVER & DISCLAIMER
If you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals’ opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of April, 2024, the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only. Bloor Street Capital was paid a fee for this Interview.
This interview was recorded earlier this week before the Iranian drone strike. Let me know what you think of David's views on the US, Israel, Iran and Ukraine.
I've been watching for over two months as oil has climbed and with it gas at wholesale. The Dow has been reacting negatively to it moves. I sent out a tweet at the time to the Biden Admin that they needed to address this. They have done nothing about it yet it underlies all inflation. With Russia and MBS squarely in Trump's camp, actually or figuratively authoritarian, Biden needs his best economists to step forward with a constructive response to our out of control oil prices. I say decouple American oil for American consumption. It would be a populist move bring it down to $60 per barrel. And let Saudi and Russia suck some fumes from the proverbial tailpipe.
@@lawrencemens9492 Thanks for the detailed comment Lawrence! I have also been watching oil quietly lift higher. I find the oil market the most interesting of all markets because of the geopolitics.
unfortunate timing
@@JamieDupont-tj5lx yes it was!
He failed on all predictions. Verdict - clown.
When was this recorded? He mentioned Israel assonated Iranian military leaders and then said Iran will not retaliate. They just sent in 300 drones!!!!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! It was recorded just last week.
worst timing possible...
yea, likely as a weak show of force, just like the response to when sollemani was removed, to not look too weak
What matters to me is authenticity and David has that. Thank you for having such a great guest !!!
It's Jimmy Connor, thanks for that positive comment and for taking the time to view our content!
Engrossing discussion on ME with so many moving parts. I would suggest a follow up from Mr Woo to get his thoughts on latest developments.
Boy was he wrong lol
lol more bobble heads spewing bobble
It's Jimmy Connor, thanks for the comment! This is what I love about UA-cam, it's always out there for the world to see. Overall I think David raised some very good points.
yea, likely as a weak show of force, just like the response to when sollemani was removed, to not look too weak
He said the gold buyers last week were amateurs based on cia info. This guys is a tool!!
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Spxs let's go
It's Jimmy Connor, thanks for the comment Chris! It's going to be an interesting week!
this needs UPDATE!
You know, there are a lot of you knows in this discussion
It's Jimmy Connor, thanks for the comment and yes there are!
All praise to Almighty God amen.
This guy is taking conspiracy to a whole other level
For real
It's Jimmy Connor, thanks for the comment Dan and for taking the time to view our content!
in what way
Great interview. Really enjoyed listening to David
It's Jimmy Connor, thanks for the comment Paul!
Well one thing is for sure oil is going higher and so is gold. It will be very interesting to see what rabbits Biden tries to pull out of his hat cause I dont think he has any left.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Time will tell!
Im watching the Masters and waiting for futures to open up. It will be one hell of a week
Borrow n print
Great info
It's Jimmy Connor, thanks for the comment!
The Iranian drones were nothing but target practice.
It's Jimmy Connor, thanks for the comment Bryan! Do you think there is more to come?
You were wrong they sent 100 drones in to Isreal.
So true this guys is full of hot air read my comments above
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
POSSIBLY, Iran's modest attack was intended to deliver a message as to what their capabilities are. I would not dismiss Woo's analysis without hearing it updated.
@@briancousins3101 thanks Brian and good point! We are recording an update and will release it soon.
I know.
that why you don't predict... just follow the trend....
It's Jimmy Connor, thanks for that comment! It's such a simple concept but so true!
The profit driven so called free market is collapsing while China's purpose driven socialist market is expanding. Those who wake up to this economic fact of life might continue to prosper, those who don't won't.
It's Jimmy Connor, thanks for the comment Robert and for taking the time to view our content!
lol what. its economy has been almost at a standstill for a decade+
do you think hundreds of millions of ghost appartments are a good use of work/energy?
Why would you say the US has the largest economy? Because it counts the most dollars moving around?
Fiat US $ is destroying all nations of the world but they love it.
It's Jimmy Connor, thanks for the comment/question. The US has the largest GDP worth $25 trillion and so by extension, it will have the most dollars moving around, even thought they are worthless.
@@BloorStreetCapital whats jimmy connor??
Mister David woo question ? USA 🇺🇸 produce 13 mb/d using 20 mb/d where we get 7 more millions barrels oil pre day thanks
It's Jimmy Connor, thanks for the comment/question. I will bring this up with David the next time we speak.
NOISE..
PREPARED?
Many investors and economists are concerned about the global economy due to rising debt, political instability, and the effect of COVID-19 pandemic. Experts warn that these factors could lead to an economic downturn or recession.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
The most dynamic part of the US economy is it's ability to print and borrow money without limits. If you live in a shit hole long enough you can't smell the stench😅
It's Jimmy Connor, thanks for the comment! It's funny but also true!
Zio
Tell US to be less belligerent and hegemonic
How does these intelligent ppl miss the simple supply/demand? We’ve imported 8 MILLION new consumers into our economy in the last 3 years. It’s like adding a 51st state! These ppl need shelter, transportation, milk, eggs, bread and bacon. Huge demand increases without supply increases. Prices rise. On the money supply, Uncle Sam is borrowing and spending $1 TRILLION every 100 days. Our currency is becoming worthless. So, prices rise. Inflation cannot come down…
It's Jimmy Connor, thanks for the comment Ed! You make a very good point. I live in Toronto and our government allowed 1 million new people come to Canada last year and 500k of those people came to Toronto. Keep in mind Canada's population is only 40 million people and Toronto's is 5 million so our population in Toronto grew by 10% in one year. Waiting for the next election.
David was wrong. Now what? Crash?
It's Jimmy Connor, thanks for the comment! We will get him back asap and find out.
I can smell the arrogance from Australia. He will get an A whooping soon by the markets.
It's Jimmy Connor, thanks for the comment! If you have other suggestions on who you would like to see interviewed, please let us know.
is this the economist that dosent understand economics. yea..seen this guy before.a tad neurotic
It's Jimmy Connor, thanks for the comment and taking the time to view our content!
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
First 5 minutes of hearing David Woo say 'you know' every other word was so annoying. Especially of someone with his self proposed intelligence. He may very well be intelligent, but he speaks like a little kid. Literally 20 'you knows' in first 2 minutes lol. Like you know!
It's Jimmy Connor, thanks for the comment Charles and noted!
David woo needs to go ask real people on the streets instead of looking at FED paper data...
It's Jimmy Connor, thanks for the comment! Let us know if there is someone else you would like to see on the channel.
Fighting 8.5% inflation (more like 35%) with a 1% Fed funds interest rate is like stopping a forest fire with a bucket of water. Folks prepare accordingly. Make investment with Mrs Elizabeth Frankel. in other not to depend on the government for fund..
It's Jimmy Connor, thanks for the comment Scott and I agree 100%!
🥸🥸🥸 how did we 🇺🇲 got to where we 🇺🇲 are‼️ 😒😒😒
👏👏🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👍👍
This is so weird. Where is this guy from? All over the place.
Not a smooth speaker.
It's Jimmy Connor, thanks for the comment Patricia and for taking the time to view our content! We will have David back soon and I will be more detailed in my questions.
Trump ✝️❤👍😊, Biden 🏳️🌈😳.
He is so clueless about geopolitics and politics. :)
It's Jimmy Connor, thanks for the comment! Why do you say that?
@@BloorStreetCapital He sees the Gaza Hamas attacking Israel as some kind of a proxy war instigated by Iran against the US. He projects the US war machine strategy and mentality (using regional proxies and extremists to stir trouble around the world, like in Ukraine, in order to feed the military-industrial complex demand) onto Iran. Does he understand, that Israel has been displacing Palestinians for decades and that this has built up more than enough resentment in those people? There is no need for Iran to foment the unrest. Cui bono? What would Iran possibly gain from provoking a stronger foe (one with nuclear weapons and seemingly unconditionally backed by the US), above what it could possibly lose? Unlike the US, Iran is not a major manufacturer and supplier of arms and their politicians are not on the payroll of these corporations, either.
He also seems to be fetishizing the US economic data. This data is not fully reflective of the state of the US economy. Most people's living standard is not going up, so what good are those numbers? What good is GDP as a measure of prosperity, when there is insane and clearly unsustainable government spending going on? What would the US economy look like with a balanced government budget, living within its means rather than shamelessly stealing from future generations?
He demonstrates a certain level of superficiality and naivety, taking things he reads and hears at face value. He needs to go deeper in order to understand and get a clue, in my opinion.
@@ACzechManGoingHisOwnWay It's Jimmy Connor, thank you for sharing your very detailed and insightful comments! You raise good points about the US government spending. The economy is being kept afloat by an aggressive fiscal policy which is being implemented for one reason and one reason only, and that is to get re-elected. I recently read that for every $1 trillion in GDP it is costing $1.5 trillion. We will be paying for this for decades to come. The next few months will be very interesting.
This guy... trying to perform a public service by opining on topics he has no knowledge or understanding of... someone should let this guy know that the dead horse of an Iranian nuclear weapons program has been beaten so many times nobody believes it anymore
It's Jimmy Connor, thanks for the comment! You make an interesting point about narratives. At the end of the day, we are all being played either by governments, social media and god knows who else.