WTFinance, Released on 5/24/23 (Recorded on 5/23/23)

On todays episode of the WTFinance podcast I had the pleasure of welcoming back for a third time Dave Collum, Professor of Organic Chemistry and leading thinker on markets and the larger world around us. During our conversation we spoke about why markets seem to be performing despite negative news, how this is influenced by a small minority of companies, whether we could see further banking collapses’, which country will win and more!

0:00 – Introduction
1:40 – What is Dave seeing in the current markets?
14:20 – Small number of companies propping up the markets
15:15 – Is there a reason why the top 5 companies are so highly valued?
23:35 – Will the debt ceiling be a red-herring?
26:00 – Are there other banks with issues?
30:35 – All countries have issues, who wins?
34:50 – constant swinging to political extremes?
40:10 – Potential for AI exponential growth?

David B. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemistry and Chemical Biology at Cornell University. He holds a PhD, Columbia University, MS, Columbia University, MA, Columbia University and BS, Cornell University.

  dave collum, economic collapse, stock crash