Analyst Who Nailed 2016 & 2020 U.S. Elections Sees Huge Economic Headwind With 2024 Vote | David Woo

Macro trends blogger and economist David Woo @DavidWooUnbound, CEO of David Woo Unbound, a global forum devoted to the promotion of fact-based debates about markets, politics, and economics, joins Julia La Roche on episode 145 for a wide-ranging conversation on economics and politics.
In this episode, Woo shares his macro framework, emphasizing the intersection of economics, politics, and geopolitics and the need to understand their impact on market outcomes. Woo also explores the potential risks and challenges facing the US economy, including political instability and polarization.
Woo, the former head of Global Interest Rates, Foreign Exchange, Emerging Markets Fixed Income Strategy & Economics Research at Bank of America, is known for some of his bold and contrarian calls, including Trump winning the presidential race in 2016 (www.cnbc.com/2016/12/08/bofam..., and that the 2020 US presidential election would be much closer than expected and the results contested (www.afr.com/policy/economy/th.... With the increased political polarization in the U.S., Woo sees a real pressure point once we enter the third quarter.
“Once we get into July, we're four months away from the election, I think it's going to feel like shit. I think America, Americans are going to be petrified about what is going to be in store for the country in the final four months leading up to the election,” Woo said, adding that when safeguards to the system get “seriously stress tested” it will be “a huge economic headwind” to households and companies.
Elsewhere, he shares contrarian investment views and highlights the importance of facts and numbers in public discourse. Finally, Woo discusses his work with David Woo Unbound and the mission to bring diverse perspectives together for meaningful discussions.
Links:
KZbin: / @davidwoounbound
Website: www.davidwoounbound.com/
Twitter/X: / davidwoounbound
0:00 Intro
1:18 Macro view and why it’s harder to make money
3:05 Intersection of economics, politics, and geopolitics
4:52 Biden has to get the economy right, needs a soft landing
6:50 Game Theory with oil prices
9:00 Federal Reserve’s interest rate policy
13:00 Government spending contributed 1/3 of GDP growth last year
17:30 Economic risk in the U.S.
18:40 Political risk
22:00 Political division ahead of election day
26:26 Contrarian views and ideas today
34:44 Perception of the U.S. from the outside
42:20 Parting thoughts
#economy #macro #politics

[@TheJuliaLaRocheShow]

Hey everyone! I hope you enjoy this episode featuring David Woo, CEO of David Woo Unbound, and the former Head of Global Interest Rates, Foreign Exchange, Emerging Markets Fixed Income Strategy & Economics Research, Bank of America, New York (2010-20). Please let me know what you think in the comments section below. Also, if you have any guest recommendations, please don't hesitate to drop those in there, too. And don't forget to hit the 'like' button 👍and subscribe ✅to the channel so I can continue to bring these long-form interviews. Thanks for your support! 💙Julia

[@blackstreet221]

your stuff Julia.... beats the other youtubes' crap out by the distance from our sun to the center of the milky way. why? you dont flaunt, you dont taut, you dont make stupid jokes, you just ask questions, reflect, give insights, and that is it. You freaking ROCK!

[@ivancannon7465]

RFK. Maybe bring David Woo back for a round-table. I would enjoy hearing the 2 of them together.

[@andresfelipeod6819]

a very intelligent guy, and he not only warns americans, but Chinese too, I saw his exposition, warning Chinese about the Danger of their internal Debt, and how will collapse Chinese Growing. this guy is really worried about the welfare of the Citizens.

[@Alice-W-Lombardo]

Like

[@richdilorenzo8145]

Just subscribed and liked Julia: I don't know how you got him to come one, but it was very enlightening.

[@user-ll9qk2el4d]

I love the fact that Julia gives the guest all the time he needs to speak without interrupting him or interjecting for the sake of interjecting. That makes her a terrific listener and interviewer. Keep up the good job!

[@neowuwei7851]

Listened for almost 5 mins and he's said nothing of substance. Is he or isn't he going to predict the outcome of the 2024 election? I don't have 40 mins to listen to his meandering monologue.

[@angelofamillionyears4599]

True but all posts need to be less than 10 minutes so the channel can grow. This is 50 minutes of mumbling.

[@user-sx9hu2nl8t]

@@neowuwei7851 Then don't listen! Tune into another channel that you prefer. It's that simple! Personally, I also felt the same way at first but I've learned that Economists are usually shy and introverted. They take their time due to their personality but eventually, he gained courage, stepped it up, and I learned quite a lot from this guy. He's very sharp so it was worth my time to listen to what he was saying. I've noticed that if I watch something more than once I learn it better. So will watch this again.

[@randyhuke3773]

​@@neowuwei7851 I will do it for you. Trump will win a massive landslide. New York, Illinois, and Washington state are now in play and thete is still 5 months til the Election. Trump is growing stronger as the Dems. have nothing to offer. The world economy is slowing. The one bright spot will be Trump's election. The US economy will be poised to take off. So enjoy the ride !

[@steved0123]

My son predicted the 2020 election too. Once he heard of mail in ballots.

[@paulheydarian1281]

😅😂😏 Get your son to work for a DC think-tank. 😮

[@shanejones578]

It’s crazy how adults pretend to not know the truth and kids see right through it. I realized the cronies were behind everything by the time I was 15 years old. I’m saying sept 01 and all. Born 99…

[@deborahcurtis1385]

Taylor Swift will get young people out to vote. It's comical how simple things like that can shift elections. This one is going to be really difficult.

[@MsCGarnica]

Who's voting for hiden biden?.... I thought so.

[@MsCGarnica]

Your son predicted it would be stolen??

[@natureb2267]

The founders understood that pure Democracy's have always self destruct after a short period of time once 51% figure out they can plunder anyone they can marginalize. That is why the founders gave us a Constitutional Republic where The US Constitution is the highest authority and societal contract into which various powers are defined and invested by the people. There have always been those inside and outside who are not happy with the rule of law and have worked so destroy our society and Constitution. We need to hold fast to what our founders gave us and be very careful in our thinking and speech. This is a long game and we have wins and losses. We live in a world that we create by how we live. Lets work to pass on the rule of law to those who will come after us.

[@oldguy7402]

As a Constitutionalist and a US veteran I 100% agree with you. There are a lot of us in this country, we just don't get attention because of purple hair and infinite pronouns.

[@atmos4197]

“A Republic, if you can keep it.” Seems like it’s being chipped away at day by day.

[@mrdev5281]

These days it seems Republicans in the know can be bought off by Russians and Mob Money. The others that are clueless are just useful idiots handing over America on the cheap.

[@miked5106]

Most ppl think that the Republic form was meant to protect small and less populous states from the large ones. That's true, BUT the main goal was to protect ALL Citizens from a tyrannical govt. They knew that the govt would use that 51% to solidify their power. Once completed, the govt would turn on the Constitution. have shredded the constitution.

[@alsilva3578]

...someone please pass this on to Joe!

[@ronlev1894]

I’ve listened to his babble for 39 minutes, And he still hasn’t predicted the race for the presidency - I thought that was the object of the exercise.

[@Johnny-dp5mu]

She caused this click bait... Very common...yes he babbled mostly careful to say as little as possible

[@domcizek]

NO NO, JUST WANT IS HAPPENING, BEFORE THE ELECTION, THATS ALL, IT WILL NOT MAKE ANY DIFFERENCE WHO IS PRESIDENT THE NEXT 4 YEARS

[@wesleyturner1979]

Im pretty sure the predictions promised were about the economy and social unrest that would come up and not the outcome of which person would win the election.

[@andrewlim7751]

No prediction no mistake....still 100% ，correct. 😂😂

[@nymike06]

Trump 2024

[@charlesbutterfield3464]

Inflation has outstripped real wages for the last 50 years. Essentially people have been receiving a pay cut every yeear for the past 50 years. That is one of the very large reasons why people are so angry and depressed.

[@domcizek]

CORPORATE GREED IT IS CALLED

[@incomitatus]

The largest cause of inflation has always been governments spending & printing money it doesn't have. There wouldn't be corporate greed unless there were greedy politicians in the pockets of those corporations.@@domcizek

[@nunyabidness3075]

@@domcizekRight, there is no greed outside of corporations. Greed was invented by capitalism. You don’t see greed in socialist countries do you? Err….Wait, no, nevermind.

[@jacquelinebreslin1658]

The transfer of America wages and wealth has transferred to the rich is why Workers are not compensated

[@jacquelinebreslin1658]

Trump incites violence here but you think Trump is good for world peace even though he is clearly a far right fascist

[@paulblade6064]

three biggest issues for me is inflation (food is very expensive) and immigration, and crime.

[@linguaphile42]

And yet, has your personal life been affected at all by immigration or crime? Crime is down, and immigrants are WAY less likely to engage in criminal activity over fears of being deported. Stats back up both of these. Do you know how to verify the info you see? As for inflation, most of it we now know was "greedflation," where companies just took advantage of Covid supply chain issues and jacked up prices and kept them up because, well, they could.

[@debramackillop950]

food especially fresh produce been rising for decades, look at root causes; plus processed food kept cheap by huge conglomerates but incredibly unhealthy and main reason for obesity numbers in US whish are astronomical - many places only grocery store is a Dollar Store

[@BlackMan614]

Does this guy really think the WSJ went out and asked "folks on the street" what is troubling them despite the "great economy"?? WSJ doesn't have the resources to do anything but scour social media for reactions. WSJ is dead to me.

[@jodiebasye9798]

Food and energy costs are not even counted when they calculate inflation. That is why it is MUCH worse than they report.

[@williamhuang2976]

Obviously you are very young. America had experienced much worse inflation (10+%) in the recent past. Right now, it's barely over 3%. Crime? If you pull up the chart, the crime rate is not even close to the early 90's. Immigration? Can you give me 1 case or moment that Immigration caused America downturn in economy or crime surge? The honest answer is None! You watch too much media, please read more facts & data.

[@MonkeyMonkeyMONKEY.]

So this guy is an ex IMF employee? That explains everything. These people are the reason the world is the way it is.

[@ohthankg-dforthebourgeoisi9800]

Totally agree. “How evil is he?” Was my thought

[@brusso456]

if he knows how the sausage is made, I will listen then try to verify from other sources. even trying to understand their viewpoint may shed some light on the psychology of the big players.

[@MrAncientAstronaut]

And he lives in Israel sus

[@garyguyton7373]

@@MrAncientAstronaut Suspect? You mean Hamas.

[@peredavi]

Captitalism is operated by capitalists. This stock market trading and playing the game with shorts and margin has been going on for over 400 years.🤣 The alternative is a lot worse. Russia, Soviet Union, China…..maybe the America that the Left wants to create.

[@shakazulu3594]

I think people don't feel good about the economy because of how impactful inflation is to the middle and lower classes.

[@bman6502]

But the crazy thing is, lower and middle don’t vote to protect their interests… the last 4 republican presidents first action in office was to reduce taxes for the wealthy.. and in every case, that action has led to future inflation.. the right wants to blame bidden for inflation but inflation was already happening when he took office..

[@coreyham3753]

Well, the USA has among the lowest inflation rates of any developed country in the world today. That is just a fact. Plus the USA has probably the strongest economic performance on many different measures, of any developed country in the world today. Higher GDP growth, more jobs created, manufacturing and chips job created, wage growth higher than inflation, and on and on and on. So the question really is .... why the disconnect on "don't feel good about the economy" drumbeat, when the facts and reality show that the USA has done better than virtually any other developed country in the world today. Isn't the real issue the ever growing wealth and income inequality in the USA .. that has only significantly increased since the 1960's to today. For example in the 1960's the average CEO compensation was about 8x the average wage. Today it is something like 400x the average wage. Today the 50 wealthiest americans control more income and wealth than the bottom 50% of the entire american population combined. Today corporate america pays proportionally far less income tax (and often zero income tax) than they did in 1960. In short there are reasons why the average american is "economically struggling" today vs. say 1960. And the primary reason for that is an absurd federal income tax system that is broken and totally dysfunctional in comparison to that of the 1960's. Such is the primary reason why the rich have gotten richer and the poor have gotten poorer. And that absurdity can largely be laid at the feet of the republican party ,and their never ending drive to minimize taxes on the wealthy and corporate america. The truth is that the USA federal income tax system could be relatively easily "fixed" to address wealth and income inequality. Which, over time, would have significant benefits to average americans. However such will probably never happen simply because the primary beneficiaries of an absurd and broken tax system are the wealthy, corporate america, and politicians themselves. As such they will fight to the death any rational overhaul of the federal tax system.

[@domcizek]

YES, COVID CAUSED THE INFLATION AND NOW CORPORATE GREED HAS TAKEN OVER, OIL COMPANIES HAVE MADE THE HIGHEST PROFIT EVER, PLUS FOOD STORES MAKING RECORD PROFITS, SO BLAME GREED, NOT BIDEN

[@rob214]

Why did inflation happen and when did it start today it's more about the price gouging of corporations is the reason for high prices not so much inflation because of economic failures

[@domcizek]

INFLATION STARTED WITH COVID IN 2020, FACTORIES SHUT DOWN, BECAUSE WORKERS GOT SICK, AND STAYED HOME ALL OVER THE WORLD, THEN TWO WARS GOING ON, SUPPLY AND DEMAND CONTROLS ALL PRICES, ALSO CORPORATE GREED, THE OIL COMPANIES MADE RECORD PROFITS DURINT THIS TIME @@rob214

[@coryzane.]

I just did something that I have never done on YT in years, I subscribed to both the show and guests YT channel. Very well done! No interrupting, time stamps so I can pop back and rewatch segments. Very professional, keep it up I will be watching! 👍👍

[@TheJuliaLaRocheShow]

Awesome! Thank you so much, Cory! Happy to have you here.😊

[@ashtongreif5879]

We're not, "anti-American" for opposing endless wars. In fact I would argue the most pro American position is to withdraw from our empire, and start trying to solve our own problems.

[@scarbo2229]

Exactly. It’s now our own government that is “anti-American.”

[@DanielinLaTuna]

How is abdicating leadership of an empire “pro-America”? I’ve never heard of an empire giving away power and influence…

[@domcizek]

SORRY, CANT DO THAT OTHERWISE RUSSIA OR CHINA WILL NOW BE YOUR MASTER, DO YOU WANT THAT

[@deanfirnatine7814]

I see your point but history shows isolationism does not work, the bad guys see that as weakness and their aggressive actions only get worse and eventually they come after your country as well. This is why Trump when President made extreme violent threats against the likes of Putin and North Korea, to scare them and keep them in line.

[@keithpalmer4547]

Sure clown. As an American I have met exactly ZERO tRump supporters who actually want to "solve" our own problems. Canceling the latest border deal in the Senate was a great example of your lies.

[@000T00b]

As a citizen of South Africa, we’re not anti-American. We’re anti-colonialism, anti-war, anti-genocide. The global south is not trying to "get even" according to his ultra-simplistic opinion, we’re trying to forge our own economic path where we are not subject to the threat of sanctions, tariffs, vetoes, blockades or regime change by much more powerful economies like the US. Financially and economically, we all know about the wisdom of diversifiction in our investment and retirement portfolios, not putting all our eggs in one basket. This is what the global south is doing on a much bigger macro economic scale. It doesn’t mean we don’t want to trade with you or have nothing to do with you. On the contrary. We just do not want to be bullied and intimidated (militarily, economically, politically and any other way) to do your bidding by putting side our morality and supporting your empire-building actions. Why is that so bad ? Why is that seen as ‘tantamount to a declaration of war’ ??? The US loves to spout a lot of BS about human rights, freedom and democracy while denying us the very same. Go figure.

[@sheilagrace565]

This is incredible. I have not heard David Woo speak until now and thank you. Everyone of his points line up with 2 dozen+ other voices in various disciplines Regarding finance, US economics, geopolitics etc. very grateful this popped up on the radar. Also I want to speak to his last comments - very poignant. US citizen, passport, fascination & love of other cultures etc. The last 4 years have been brutal, personally, because I strive to think critically, consider other leaders/country's positions, big picture geopolitics, and social psychology. The hard core North East academic liberal environs that I was raised with have turned out not to be very 'inclusive' Peace loving or even academic (can't find Syria on a map but know For Sure Assad's a dictator). God forbid I should question science or un Constitutional rulings. I've been labled a conspiracy th. etc. by my family. This insideous back door family division has worked very affectively, many of us have experienced it first hand. I will remain steadfast by continuing to learn and Mr. Woo IS helping with the information he has to offer. Thank you.

[@utubemewatch]

Your humility and willingness to unlearn much of the propaganda & and indoctrination that informed your past worldview is the essence of wisdom. Knowledge & experience help foster wisdom, but real knowledge is guided by that hard-won wisdom - it’s 2 very different educations. I can relate to the familial divide and liberal education has been tearing families apart for years. But the current mendacity, illiberalism and subversive agenda of education today is identical to the Maoist Cultural Revolution generally, and “reeducation” of Hitler Youth more specifically. It’s a true blessing to discover the majesty of crafting an authentic world view later in life - it’s the antidote to getting old, it promotes neuroplasticity & purposes IMO

[@SMoore-vj7bt]

Woo thinks the economy can go into paralysis in the 4 months leading up to the election because of the political risk and polarization. My reaction is surely TPTB know this and thus they would prefer a govt shutdown and economic crash, which they can blame on the Republican House as the pretext to drive the Fed back to QE. Especially if inflation is rising again simultaneously which appears to be the case.

[@kangkim150]

@@utubemewatchpeople turn more conservative as they age. It’s nothing new.

[@utubemewatch]

@@kangkim150 this is a misnomer. It’s been the trend during our conscious lives, which include the recent past of our parents and grandparents. You can say people typically turn toward tradition as they age but that’s not the same thing at all - that’s equivocation. In fact, most of the first half of the 20th C saw older populations turn less conservative. From Teddy Roosevelt adding anti-trust populist policies to FDR’s new deal and progressive era (which few if any would call conservative). Economic policies moved suddenly and sharply left for many older Americans. Moreover, generation Z is the most conservative generation, at its age, than any generation in at least a century. I would agree that it tends to be pattern within a larger cultural and socio-political trend longer than any lifespan - maybe be something like the 80ish year cycles in the 4th turning or the way historiography classifies eras. You statement is really only applies to the modern American era, 1945 to today. That era wanes and its fading fast. We’ve entered a brand new era - a time of great tumult. We can choose how well we deal with it. America poorly managed its “unipolar moment” (mostly because it misunderstood it). America became captured by a nascent and far gentler political religion; and political religions were precisely what we battled in Germany, Japan and Soviet Union. In 1991 we were the last one standing and suddenly our elites shape shifted into pure political cultists pushing a messianic Gnosticism, practiced and revealed through their own mendacity, self-dealing, perpetual war and crony monopolistic capitalism-ish. They hallowed out the US & emptied its coffers, left its greatest resource in despair & set the world ablaze. Global advancements occurred despite them. They accelerated the end of an era, and now, here we are today.

[@gandalfgreyhame3425]

Listening to David Woo, I came to quite the opposite conclusion about David Woo. Living with his gɛnocidal friends in Israel, Woo has exactly ZERO insight into what has been going on in America with Donald Trump turning the Republican Party into a Religious Cult of Personality and Hate, while also stealing all his supporters' campaign money to pay for his huge legal bills. Biden may be old and demented but in a contest between a demented old man and a demented old criminal Cult Leader who spouts hate and dictatorship and continues to steal his supportors' money ..... well, YOUR choice says a lot more about YOU than about either one of these two guys.

[@blaqswhodefy86]

It's more than political division. Americans generally do not have cash on hand to make everyday purchases. Regardless of the spended position the market itself is in. This is the major disconnect of economists and politicians. You see numbers, stats, and charts. You do not experience the visceral effects.

[@wildwoood]

Like my Home and Auto insurance rising 120% since 2019? Inflation is the problem for most ordinary people and that was brought on intentionally.

[@blaqswhodefy86]

@wildwoood that is an absolute fact, brother. At every turn, these economists act as mouth pieces to the Biden administration and his acolytes. I do not have petty cash on hand that totals in the millions or even tens of thousands or even hundreds that I can draw from as I weather the storm. I work, and I save what I can. However, it doesn't matter what we do. The invisible inflation will continue to derail our efforts

[@SB-mw1bg]

I'm worried about the greed in our government putting our future generations at risk. It is exponential.

[@michaelconlin5614]

They have. Look at all the military age migrants coming in. They will replace working Americans.look at Tyson

[@DJT4Prison]

You should be more concerned about Russia loving, treasonous liar and cheat Trump becoming president again

[@donaldintlekofer8448]

Were you worried about our government corruption when you voted for Nixon, Reagan, Or the Bush crime family, or the orange pig?

[@mysticaltyger2009]

I don't think the ship can be turned around at this point. People love to talk about how worried they are about "future generations" as if the collapse is in the distant future. It could easily happen in the remaining lifetimes of people who are age 50+. But people don't wanna hear that.

[@danieldoucet8687]

Thanks for bringing David Woo on your podcast. It is nice to have someone who has a common sense practical viewpoint, not an ideologue.

[@silverback7348]

This guy is smart but disingenuous. The middle class, blue-collar backbone of the US is breaking under the weight of devaluation and inflation. Non-discretionary spending needs cannot sustain this.

[@splendidsnapshot9915]

Exactly! Self interest is the "word".

[@ibberman]

Wait until next years tax increases.

[@-Gramps]

Hi Julia, discerning, first time viewer- KZbin’s algorithm finally introduced you to me. I appreciate your interview style: you asked concise questions and allowed your guest to answer & extrapolate upon his opinions. Consequently, you have a new subscriber. Thanks for your content!

[@TheJuliaLaRocheShow]

Wow, thank you! So happy to have you here. 😊

[@abrahamlife]

Same here!​@@TheJuliaLaRocheShow

[@TheJuliaLaRocheShow]

@@abrahamlife 😊😊😊 Thank you! You all are the best.

[@SMoore-vj7bt]

@@TheJuliaLaRocheShow ditto here, my first exposure was the guest calling for next Fed move to be a rate hike. Woo thinks the economy can go into paralysis in the 4 months leading up to the election because of the political risk and polarization. My reaction is surely TPTB know this and thus they would prefer a govt shutdown and economic crash, which they can blame on the Republican House as the pretext to drive the Fed back to QE. Especially if inflation is rising again simultaneously which appears to be the case.

[@SMoore-vj7bt]

@@TheJuliaLaRocheShow a quick follow-up. Bitcoin bullish to 79k (the 5.3 diminishing returns top coming early in the 4 year cycle pre-halving in March), then GTFO as that will be an Expanded Flat implying lower-low incoming. Or if the more rare Running Flat, then only 40% post-halving correction. Gold's breakout is signaling that the govt shutdown is coming. And that crash will enable QE. CPI will never have the chance to come down as the brrr will be restarted. There are political reasons to do it this way in a strange election year.

[@the_one_eyed_man_is_cursed]

Woo named a forum "devoted to fact-based debates" after himself? Imagine the ego that requires.

[@dennisl4000]

Thanks, high quality content.

[@r.a.5086]

Community notes: When you feel you won a free and fair election so resoundingly that you have to post a note from a partisan site to remind everyone of the event.

[@user-im6fy4qp6m]

yep the propagandists are scared

[@JC-xc8rx]

@@user-im6fy4qp6mDOMINION WILL STRIKE AGAIN.

[@drunvert]

You won it by 10 million more votes than there are registered voters!. impressive

[@alsilva3578]

...'context' is on there so often that I missed it. You are right!

[@sarahlachman1349]

2020 wasn't a free or fair election that's the issue.

[@scrtasnmn9826]

Thank you for this. Very informative and insightful analysis by Mr. Woo.

[@Knife_Collector]

This is no longer about oil prices or the economy, people are tired of liberalism.

[@shirleyvargas1117]

And of authoritarian rule. No one wants their freedoms taken away because “the Bible said so.” Everyone has a right to live peacefully WITHOUT discrimination.

[@robertsleeth861]

​@@shirleyvargas1117People should have the freedom to not take a vaccine that hasn't been trial tested long enough. People lost their livelyhoods and were denied health care because they didn't get the shot. Talk about authoritarian.

[@arvbergstedt3303]

Present administration is not liberal. Its tyrannical.

[@paxamdg2712]

Great interview Julia! Thank you Mr Woo.

[@goldwingerppg5953]

Why do economists have such a hard time excepting they have been wrong and double down on being wrong.

[@XiangJi]

Insightful. Yes, please get him back on the show closer to the election!

[@sabrinagomez5992]

This guy talks in circles-takes him forever to make a concise point.

[@Reathety]

The founders developed the constitution, at least in part, based on the Roman republic. If you look at how the republic broke down it ended after constant wars so that a minority elite could profit off of a lower class of fighters. This led to constant political chaos and civil wars. We're headed in that direction. Not an exact parallel but history doesn't repeat but it rhymes. I can only imagine more political chaos and eventually civil infighting.

[@danielhutchinson6604]

The vulnerable nature of the Roman Legions seemed to demonstrate more about how that Empire lost power. They need to display a credible threat to enable Tribute Payments to flow to Rome. Now as the appearance of NATO weapons being scarce, due to no actual visible threats, the G-7 need to display some form of threat that seems ruthless. Israel appears to be accommodating that desire. But an Economist who overlooks the BRICS Group seems to be unaware of World Events? Since the New Development Bank announced their loan program in 2014, inflation began to Balloon..... The ability to control the supplies of resources that arrive at US Ports, seems to need Tribute Payment like the Romans were asking for..... The US Investor Class appears to want Russian Assets, but they are unable ti buy Majority Investor Status to control that source. So the plan appears to be focused on overcoming Russia. after $150 billion flows to Kyiv with no return on investment, that plan seems to be a flop? The US Currency also ppears to have lost all support, Israel is driving former investors away from buying Treasury Paper. Most of the Middle East appears to be ready to ignore Washington, as they benefit from joining BRICS. My casual estimate of the resources available from the Trading Partners of the BRICS Association, as around 70% of all available resources. That appears to leave the G-7 with a small amount. Minerals, Energy, and development money now seems to be within the BRICS Wall. This could be a bad year for the G-7 Nations. The USA may be in the worst position.

[@gandalfgreyhame3425]

Er, no. First of all, the Roman Republic lasted for 482 years. We, the United States of America, would be doing very well if we lasted that long. Second, the Roman Republic did degenerate into an oligarchy, no longer really a representative republic, and as a result, out of that, one oligarch took control of a chunk of the Roman Army, earned their personal allegiance to him by leading them on a gɛnocidal campaign against the Gauls that also made them all vastly wealthy by seizing the many gold mines of the Gauls (that was the real reason for Caesar to wage war against the Gauls), and then he went and marched on Rome and easily conquered what was left of the Roman Oligarchy. Yes, and Julius Caesar was subsequently assassinated, but the Civil War that followed was between the leaders of the remaining oligarchs and their private armies, and out of that the Roman Empire was born, which was a semi-dysfunctional state controlled by whoever could seize control of enough of the Army to declare himself Emperor. It was really a government by military dictatorship. We are still a long way away from any one man being able to seize control of enough of the armed forces of the United States to launch a military coupe on the government and try to overthrow it. Trump tried, but his amateurish followers didn't really come that close on Jan. And the US military has historically been kept strictly apolitical and also fragmented and separated. So, if this ever did happen, I would suspect the U.S. would quickly break up into multiple regions that would have their own military and leadership, choosing to resist this one man trying to do a military dictatorship.

[@farmrrick]

They also couldn't stop the illegal aliens from pouring into the empire.

[@nunyabidness3075]

I think centralization and government growth started the death of the empire. Then, bread and circuses strategies by politicians decayed both the government and the citizens and the economy. I’d be interested in how the elite could have used wars to gain power when it seems to me those wars were an expense to the elites who gained favor by paying for them. And of course, as Rome fell, the wars got more and more defensive, not expansionist.

[@danielhutchinson6604]

@@nunyabidness3075 The USA Empire that was purchased from the Spanish in 1898, appears to have provided Commodities to US Brokers at a price they determined. The US Empire appears to now face the fact that the former Colonies are trading within the BRICS Organization. The BRICS Trade Union appears to drive the cost to the G-7 Nations up as it provides added benefits to those Nations who now appear to get a fair trade for their Goods. BRICS Trade Associates now appear to hold about 70% of available resources. The G-7 Nations now are faced with the prospect of paying more for the products they used to be able to set the price for. They appear to be spending all their spare change on weapons to overcome the BRICS Guys, as the situation seems to erode their support for the Fiat Currency they count on to continue. They are facing a future with less manufacturing resources, as their Currency loses value. The G-7 is beginning to look like Wiemar Germany between wars..... That was what created the desire for some Hitler like politicians to offer answers. Hitler was given a harsh lesson by Stalin.

[@chrishardin7183]

He makes a good point. In the months preceeding this election, people in all parts of the political spectrum will become increasingly nervous about the election. This will affect their spending.

[@alfredwebster8031]

David is blessed with the ability to provide information factual and precisely, his presentations are not influenced by emotions

[@paulheydarian1281]

Maybe that's just hard-gained knowledge and hardwork, 🤔 or it could be indigestion because he's living in Azrahell. 😮

[@kristiannavanni4932]

​@@paulheydarian1281Yeah we'll see what happens to your country when you get dealt with by God and torn to shreds for hating his chosen people and land 😂😂Just add the word he11 to whatever country you're from, Ahahaha 😂😂👋

[@gb3239]

Thank you, very interesting and enjoyable.

[@richardsacchetti6967]

Great interview!!

[@johnnarez6396]

Given the great uncertainties we all face, then let the will- AND WISDOM- (Prov. 3:17b ) of the Lord be done.

[@SpiderC-666]

could mr woo tell us what the next powerball numbers are?!

[@robertdoom8331]

Brilliant man - as always.

[@utube9000]

It’s really isn’t that hard to “predict” an election- you’ve got a 50/50 shot!! 😂

[@Roaringchicken582]

David Woo is echoing what millions of Americans are thinking.

[@jirky015]

Ahhh, I was wondering why this video has a lot more downvotes than usual. David Woo has upset the America Last folks.

[@MsCGarnica]

America First Only With TRUMP2024! NOT DEMONCRATS!

[@Michael-le5ph]

@@MsCGarnica Why?

[@mrNashmann]

Another imf clown reason for this mess

[@CobraPR893]

After working in the Gov I have cero confidence in the Gov. Before about 60%.

[@lowtech_1]

Interesting point of view. First half anyway.

[@ceasarwright7567]

Hes wrong...people are down because of inflation and reduced buying power. To say the economy is doing good is just plain untrue.

[@lindaflesch7303]

Inflation is not causing high prices. Gouging is.

[@ceasarwright7567]

@@lindaflesch7303 Are you for real ? LoL

[@domcizek]

OVER 9 MILLION JOBS BEGGING FOR WORKERS, UNEMPLOYMENT 3.6 PERCENT, THE LOWEST IN THE LAST 50 YEARS, CORPORATE GREED IS THE REASON, NOT BIDENS POLICIES

[@elleaubry3772]

@@lindaflesch7303 Price gouging causes inflation.

[@justinedse8435]

@elleaubrey3722 Printing money also causes inflation.

[@cpk2GIRL]

Who really signs his paycheck is the real question 🤔

[@samuelmbowa6755]

A hint is where he said he lives at the beginning of the video.

[@candygehle6631]

Pathetic. Is that the best you can do? Maybe it's Hugo Chavez' ghost.

[@Michael-le5ph]

@@samuelmbowa6755 So if he happened to live in say Georgia, you would have trusted him? I think you have party bias.

[@karenstrain1152]

Excellent and thought provoking interview.

[@MarcoPolo-hn8or]

I love this guy ❤ great guest 👍

[@paulheydarian1281]

Do you reckon he's got lung problems? He sounds like an active smoker or a recently quit, former smoker. 🚬😱

[@MitchellVasovski]

Not Impressed with David Woo Button

[@michaeloneil8281]

From Australia. Yep, I like this guy. David has a lot to give the listener who chooses people over politics. What people say, and what people do, are two different things in politics. Judge their actions, rather than their words in my experience.

[@coreyham3753]

Really?? Not sure why you like this guy, David, since he essentially spouts generalities and unsupported opinions based on no factual support whatsoever. Try listening to Robert Reich who provides reams of data and facts to support whatever points or conclusions he is trying to make. Reich runs circles around David from any objective and factual viewpoint. Since David is a self proclaimed quantitative and numbers guy ... maybe he should provide a data driven factual comparison of Biden vs. Chump on multiple different measures. Show the facts and reality ... pros and cons. I personally have no doubt that whatsoever that such a factual comparison would show Chump and the GOP in extremely unfavorable light. The most recent presidential historians ratings just came out. They rank US president on about 20 different categories of performance and accomplishments. It includes hundreds of presidential historians including republicans, independents, and democrats. And after all, presidential historians spend their whole lives and careers studying, anlalyzing, and writing about presidents. So their knowledge is far superior to most other people. According to the latest presidential historians rankings, Chump is dead last as the worst president in US history. Biden is ranked well above average in comparison to past US presidents. Personally I will give a lot more credibility to the presidential historians than to a talking head like David who provides almost nothing in terms of facts, comparisons, or substance.

[@rodneyplewright7685]

AND Julia is a brilliant interviewer - she asks on-target questions and then allows the interviewed to fully explain what he thinks without interruption.

[@TheJuliaLaRocheShow]

Aww. Thanks Rodney 😊

[@stevefowler2112]

As a Ph.D. Aerospace Engineer I've always kept my investing pretty simple. I just look at which big blue chip companies are doing well and then I look at the macro economics and the government spending. Last year I was spread between Microsoft, Amazon and Lockheed Martin and a chunk in bitcoin. I made 45% last year and I have just held pat for the first quarter of this year. If i start getting uncomfortable with where the economy is going i will go to all cash and then reinvest when I start feeling like I can sleep at night with my portfolio back in the market.

[@jasonport2907]

Mr. Woo, the main reason that oil prices remain elevated is because the Saudis are holding back production by 1 million barrels of oil per day; all the other factors are minor compared to that. At any moment, the Saudis could flood the market with oil, just like they did in 2014. They're supporting the price for multiple reasons.

[@Johnny-dp5mu]

They have a reason for holding back production... Do you have evidence for why?

[@indranidasgupta8982]

Last I checked, Trump asked them to do so, btw.

[@indranidasgupta8982]

This guy is no independent. He thinks Trump is a dissident?! A martyr?! LMAO.

[@JohnSmith-ki2hl]

@@indranidasgupta8982 Try to get with the program. Trump has not been President for 3 1/2 years. Biden has insulted the Saudis repeatedly (and I am not a Saudi fan by any stretch) so one would expect them to work against him. Plus they have many complex domestic reasons for manipulating the price of oil

[@JohnSmith-ki2hl]

@@indranidasgupta8982 It is useful to listen to a whole interview without your Democrat blinders on. He said several things about Trump, not all positive. He commented on what you (low information) Democrat voters think as well. He spoke as an economist and was mostly non political - perhaps you just need another hit of MSNBC

[@johnmorrow4719]

Not sure he knows. No discussion about debt. Interest owed.

[@geinikan1kan]

Excellent video. Really great to meet Mr Woo.

[@OscarCuzzani]

Excellent video! I loved his view on macro and geopolitics

[@phillipliu2759]

The market is rigid ❤❤ bond's market rigid. PELOSI SHOULD KNOW, PLAY THE MARKET ONLY IF YOU HAVE INSIDE INFORMATION ❤❤😮😮😮

[@bigding8977]

Wow. Amazing guest. This is the first time I've heard of him. I just subscribed to his channel. I will send this interview to my family. Great interview, Julia!

[@connieatkinson418]

Wow! That was an awesome interview. Excellent analysis and insight. Thx for that!

[@kali542]

woo-hooooo. yikes. I trust him. it is going to get interesting come July. thanks for the great interview Julia.

[@user-gu2id7kx6i]

What a great show! I thoroughly enjoyed David Woo's answers and opinions to your great questions. I sent the link to this episode to my daughter in college studying macroeconomics and its intersection with politics and geopolitics. She thought David Woo was really cool. Thank you again for interviewing him.

[@incomitatus]

With DEI taking over colleges & universities, college students are the last people to ask for answers to our national problems, they're part of the problem, not the solution.

[@pjpredhomme7699]

Is there an instance where Macro economics does not intersect with politics /Geopolitics? That would not seem possible.

[@kevocundo]

Im not worried about economic risk... Thats what they said in 2007

[@michaelyu6048]

Excellent guest

[@williamjohnson9815]

And Chicken Little screamed: "the sky is falling, the sky is falling"

[@pete7674]

Yet another informative interview. Rather sobering. Thank you.

[@Shuguiis]

So? All the companies that announced layoffs so far this year are going to hired people back ?? So but I can’t imagine or hear this anymore I’m out ,great channel I’m excited for your future

[@Dwayne-mb2uj]

I learned about Dr Woo from a Steely Dan song in the 70s.

[@harrymills2770]

I love how KZbin always shows us the Democrats' version of events in the banner. That's so helpful!

[@liewchintong2235]

Thank you so much for sharing the inside of US economics risk. DavidWoo, you are amazing.

[@CM_7]

Putin as a spokesperson for the rest of the world? Certainly not for Europe, where Trump also is just seen as a major headache.

[@willyt052]

Excellent interview, thank you!

[@SD-gw5vm]

When this podcast came up I was not sure whether to listen as I wanted to catch up my Adam Taggart interviews BUT I have to say I am so glad I clicked on the suggestion. Just subscribed and have now added this to my weekly list of favourite interviewers. Very good questions and the speaker was allowed to explain his views without being interrupted

[@TheJuliaLaRocheShow]

Thank you so much for subscribing and your kind words! 💙🙏😊

[@yoxat1]

Thank you Julia and David.

[@RajDeelish]

This guy is very good.

[@johnc3886]

More jibberish than 'good'. Typical economist...makes no sense 90% of the time.

[@sylvester2294]

Its not the inflation rate today....it is the last 3 years when consumer prices doubled...!!!

[@joyschlomer6866]

All over the world! Biden better than you all think if he's effective at influencing the world economy

[@ProNetUSA]

Thank you for letting Guest speak freely and without the Host interrupting.

[@TheJuliaLaRocheShow]

That's the way I do it! 🙏💙

[@brianhourigan]

Americans arent petrified of Trump, they are petrified of his opponent's reaction if he wins

[@rd24life]

That is only the opinion of a MAGA

[@janischristiansen6689]

Americans are petrified that a lying con would be elected again. Trump is an idiot! Even Bill Bar said only chaos would occur if reelected..

[@ibberman]

@@rd24life So you are petrified?

[@johnc3886]

Just like what happened on Jan 6th, right ?!! What conspiracy theories are you on...along with the Con Man Cult Members ??

[@issenvan1050]

Why no mention of the money supply?

[@whistlebloer8254]

Money supplies are for old folks when the US was still prosperous. With more than 30 trillion debts, I agree that money supply is meaningless.

[@issenvan1050]

@@whistlebloer8254 You are not particularly bright, aren’t you? That was how Powell & his posse had missed half-a-century-high CPI!

[@joyschlomer6866]

No time , he had to sell his podcasts or books whatever but most of all, needed tol time to tell us how wonderful he is

[@issenvan1050]

@@joyschlomer6866 Do you follow Steve Hanke?

[@dinkysuelou]

Good job David Woo. Really interesting discussion.

[@peredavi]

Brilliant interview. I was not aware of Woo. I’m going to follow on X and hope to get more insight for my investing and when to head for my BUNKER. 😂

[@amyo.garcia2365]

Interesting content and insight. Has the typical insights of those who live in a bubble, though. He, too is polarized. What makes a "good" American? And most all the Americans I know do not support either war. But... then again, maybe I live in a bubble. (oh, yea, I live in the US, not Israel.)

[@Poochie1]

Best interview of the year!

[@user-pm1xf5uf7v]

Great interview. One pushback - criticizing Zelenskyy and wanting to try to understand Russia/Putin is not anti-American.

[@stupidwars88]

I think David is trying to say as diplomatically gentle as possible to Americans as possible to get off their comfort zone & high horse and start listening to all the dissenting voices whether from the other political party or from China/Russia or from the Global South.

[@jimmychoi5219]

It’s not really a rocket science to predict the US presidential elections… after all, there are only two candidates and I myself also got it right 😂😂😂

[@rev.crismascarroll8275]

RFK jr

[@bwalsh6992]

Wow u knew they were gonna steal it ...that's Cool .,

[@chrisbyers6084]

Stolen fair and square.@@bwalsh6992

[@johnc3886]

@@bwalsh6992 Trump stole your brain cells. You are a true CULT Member. Keep donating to the billionaire.

[@marion4549]

Excellent!

[@lbelsick2689]

Excellent interview!

[@artkidolee2162]

I like this guy!

[@jy7654]

Mr. Basically

[@kevinobrien9271]

😅

[@awaysooner]

You know.

[@dailyoccasions9539]

Great energy! Loved the interview

[@redskinjim]

Greatest interview ever

[@jorgemontane8359]

Love the his ability to simplify a complex issue and authenticity! Great interview!!!!!

[@Synoopy2]

I believe a little over half of what he has to say. But I am kind of critical of youtube jockeys because there is so much misinformation on youtube.

[@DetVen]

@@Synoopy2 There is just as much misinformation on the major news networks. They are machines for the military industrial complex, machine for causing division, machines for the very wealthy and the very poor, machines for...dare I say Luciferian agendas?? I say that.

[@sabrinagomez5992]

Simplify? It is difficult for him to make a point without going on another tangent.

[@johnc3886]

Mr. Woo didn't simply shit. He added his own opinions without much facts to back them up. And irritatingly, he said 'okay' way too much. Need to go to a speech therapist to fix that.

[@barbmol5664]

I really like this David Woo. He seems to be right on the mark. He talks like a regular guy & perceives how the common person is being affected. I like how he breaks down complicated economic factors.

[@briansim1648]

He’s terrific. Great guest!

[@shanghaiffgg]

Excellent interview - this is my first time to hear David Woo, excellent.

[@patrickgallagher213]

Jimmy Carter and his family must be relieved and Happy.

[@paulinechernick2537]

Wonderful interview! Original, intelligent and truly insightful guest.

[@imaginosdesdinova]

Love this guy!

[@33parentino]

Awesome interview.

[@mackakiwinz4353]

David sounds balanced. Never heard of him now subscribed to his channel thank you Julia.

[@conservativejoe4025]

😂😂😂Biden's approval is more like 9%

[@diggindawn6833]

No, it rising now because the DemonRats are already setting up to steal another election. And almost everybody loathes him. He's a snake!!🐍🐍🐍

[@edmundlively8137]

The people who sell the options have a better track record than the people who buy the options .

[@GloriaHernandez-ew3md]

Click bait. That's 47mins of my life I don't get back. This man doesn't know what he's talking about. And no, we're already in election year and he's not able to predict the election. So your title is BS and used to make the KZbin algorithm work for the creator of this video. One of the many things the dinosaur being interviewed doesn't get. At min 36:35 he mentions that "what the world wants is for him to say basically that Israel is committing genocide and that Zelensky is crazy", he doesn't realize that that is not what the world wants, it's what the owners of KZbin want. It seems that if you don't have some controversial title on your videos or a title that spreads fear then your videos are not going to be suggested to viewers. Via the algorithms we are being manipulated and he hasn't caught on, yet he thinks he understands the state of mind of people. That's not what all of us want. In fact, I watch a lot less videos because I'm getting really tired of videos like the one here where the title implies a different topic from what the video delivers. David Woo is not a smart person and he hasn't yet realized that he doesn't know what is going on. This was boring and a waste of time.

[@MichaelHarrington17]

Actually, there are fewer anti-American and anti-Western activists, but they make the most noise on social media. There are far more pro-American, pro-Western, pro-liberty supporters, but they vote with their feet and are largely silent on social media. One discovers this when traveling internationally.

[@danielhutchinson6604]

Is that an admission about a poor education system. Or simply an inability to understand among the Patriots?

[@MichaelHarrington17]

@@danielhutchinson6604 It's a recognition regarding willful ignorance vs. evident realities. If one believes in the dominance of anti-Americanism, then one must explain global migration and immigration patterns that strongly favor the West and the US in particular. There's an obvious contradiction between "I hate the West" and "But I want to be the West." I would attribute the ignorance to cultural degeneration in the modernist West that has become an indulgence that most of the world's populations can't afford, with the exceptions of their own elites.

[@danielhutchinson6604]

@@MichaelHarrington17 Sorry but I began to study Economics in 1970 before the US adopted the Fiat Currency. I have done business in the North American Continent for 50 years. I notice that The US Currency has no visible support. The US now has positioned Troops all across the Planet that are too expensive to support, to threaten Nations and take resources. The combination of those two effects are what we assumed Americans were not stupid enough to accept, when the concept of Fiat Currency was assured was going to recieve the undying support of the US Treasury. You can tell me about people flocking to the USA to get the share of the Pie that seemed to come from the Nation they arrived from. I will tell you that Americans do not have some standard of living that those Refugees seek. Close to 65% of American Citizens do not get paid enough to afford their rent and Food. Consumer Debt is over $17 trillion due to credit Cards being available for all who ask for them It may be true that Bankers will offer to finance the debts of this Nation, the process could pay for their Great Grandchildren to attend a Nice College. Reality demands we question the Government. I ask Congressmen and Governors what they assume the results of US extravagance is going to cost as the Trillion dollar Interest payments add up every year? You tell me people are coming to America because we are just a good place, I tell you your Road Apple Content is excessive.

[@l.a.mottern3106]

I hope you are right.