China’s Economy Is Collapsing, What Happens To Global Markets? Patrick Boyle
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Patrick Boyle, Professor of Finance at King’s College London and Queen University of London, and host of his YouTube channel “Patrick Boyle”, discusses the deterioration of globalization, the rise of trade wars, and the problems that the world’s second largest economy, China, faces.
*This video was recorded on September 17, 2024
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0:00 – Intro
1:10 – Patrick Boyle’s career
2:50 – Hard or soft landing?
3:50 – How will markets react to Fed pivot?
7:10 – Asset allocation
11:04 – Bank of England rate cut expectation
13:51 – U.S. election and market response
15:50 – Tech layoffs
17:34 – China’s economic slowdown
21:00 – China’s population decline
22:39 – China’s impact on global economies
23:40 – End of globalization
24:40 – Tariffs on cars
26:30 – Trading blocks
27:35 – Comparative advantage
30:25 – Protectionism vs. free trade
33:40 – Currency wars
36:20 – Declining fertility rates
38:30 – Inflation outlook
41:10 – European Union
43:00 – Future of media
#economy #china #investing
30 Comments
What happens to markets when globalization ends?
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An Irish legend
didn't expect to see these two collab. APPORVED. Patrick's monotone yet witty explanation of high IQ stuff is second to none. LOVE HIM!
damn david got Patrick on the show!
This guy barely knows China
@34:19 Brad Setzer?
Great interview 👍
Mr Boyle’s YouTube channel is among my favorites. Great to see him on another channel!
This guy is way more interesting speaking on the fly than his normal pre planned videos 😅
David it was podcast coup getting Patrick for this interview! Great Job!
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Patrick is a legend
when the west is over, true peace and prosperity for all will shower planet earth like you could not even imagine. get a grip.
Curious when will we see drop of China export of EVs . Very worried that they will deal severe issues to western auto makers if they are not slowed down.
thanks David – love Patrick's channel
I love that he dissed gold straight to this audience’s face
Great interview 👏👏👏
The comparison to Japan's economy in the late 1980s was really interesting. It's worrying to think that China might be headed down the same path.
All l've been hearing over the past six months are negative – market crash, multinational corps are pulling out, foreign direct investments shrunk, unemployment is rising, etc… Tourism is rotting. Shops are closing. It's been reported that the real estate market accounts for roughly 30% of the economy and it's crashing to a virtual halt. So how does the Chinese GDP still grow at 5%? Can someone please explain that to me?
I hear US gurus talking about the collapse of China for a decade. Meanwhile, US is sinking, not only its economy but people and their values.
I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
People in North America are maaaaaaad. Everywhere i look everyone seems so miserable
China has been taking advantage of their unfair trade practices worldwide for many years. I want economic nationalism to take hold in America. Plus, Kamala represents communism. No American wants communism in America.
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing.
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hard landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. New York Times: Banking crisis imperils China
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a Soft Landing?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010: Nouriel Roubini: Hard landing coming in China.
2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012: American Interest: Dismal Economic News from China: A Hard Landing
2013: Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To Crash?
2018. CNN: Forget the trade war, China's economy has other big problems
2019. BBC: China's Economic Slowdown: How worried should we be?
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Bloomberg: China Surprise Data Could Spell Recession.
2023. Bloomberg: No word should be off-limits to describe China's faltering economy.
…
Yet it's already 2024 and China's economy is still going strong.
Patrick Boyle looks like Moby 😀
China economy growth in 2nd quarter 2024 5.2 percent , if this growth you said china economy collapsing , how abou US economy growth at 2.7 percent , it must be collapsing with steroids.
Good interview. Thanks
Smell like Gordon Chang.
Not used to seeing Patrick Boyle get interviewed, just used to watching his channel which i have also been subbed to for a year or 2. Great interview.
🙏🏽 interesting!