Recorded on February 26, 2020
What are the dangers of small-minded leaders in an increasingly interconnected global economy?
On this episode of New Business Paradigms, Kristy and Rinaldo paint another bleak picture of the Trump Reality Show and the broader global economy. As the noted reality TV star and US President Donald Trump shouts about how unfairly he’s been treated, the truth is that this man has gone bankrupt six times and now he is doing his best to bankrupt America. In the face of external reality, the practice of plutocratic attempts to forestall economic downturn by printing money and fudging the numbers is starting to wear thin.
But the economic indicators don’t lie… global markets are slumping due to fears of the coronavirus and global supply lines are being disrupted. Adding to an already tenuous economy, Japan is dipping into recession. There’s trouble brewing in the Eurozone, with Brexit and Germany’s leadership decreasing. The one bright spot may be the success that Emmanuel Macron is having in France lowering unemployment rates and bringing rationality into France’s chaotic pension landscape. At the conclusion of the show, Rinaldo quickly discusses the impressive infrastructure investment in the Philippines, the Carson Oil Refinery fire, and gold prices that continue to rise.