Welcome to the first episode of the Bonner Private Research Podcast. I'm joined by Dan Denning, coauthor of The Bonner-Denning Letter with over 18 years in the financial publishing industry. In this episode we discuss how the COVID pandemic has affected the global market. We examine the intrusions into civil liberties and the flourishing of the authoritarian mind, and touch on why investors should be aware of the consequences of unlimited government spending. What (if anything) can you do to protect yourself from the economic and the political fallout?
Bullet points
00:50 - Introduction: a thought experiment
04:22 - The pandemic
07:57 - Introducing Dan Denning
08:47 - Market update: S&P High, Apple $2T company
10:55 - Jobs update and unemployment numbers
12:15 - Why the Federal Reserve creates a moral hazard
12:48 - The Buffet Indicator: valuations
13:14 - The current global market
15:55 - The problem with unlimited government and unlimited money
16:49 - Unreal money and the great savings wipeout
17:37 - The canaries in the COVID coal mine
19:50 - Intrusions into civil liberties: Melbourne and Auckland
23:40 - The full flourishing of the authoritarian mind
26:12 - Donald Trump and Jacinda Ardern: two sides of the same authoritarian coin
30:37 - From rag to riches and back
32:57 - Why investors should be aware of the consequences of unlimited spending
