• When Companies Outgrow Countries

  • Oct 21 2024
  • Length: 37 mins
  • Podcast

When Companies Outgrow Countries

  • Summary

  • The past week has seen US stocks–and gold, btw–rally to record highs. This week, we’re going to apply the magnifying glass to the ‘Magnificent Seven’ that are driving this rally and ask what happens when the sheer size of these US corporations, or corporate value, starts to overtake individual European stock markets. That’s right - any one of these US companies are worth more than British or German capitalism. With an election on the horizon, time to figure out what this all means.


    For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

    You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

    More on Will Page at: https://pivotaleconomics.com

    (Times below correspond to the episode without considering any inserted advertisements.)


    Bubble Trouble: Giants of Global Markets and Economic Quandaries


    In this episode of Bubble Trouble, Richard Kramer and Will Page explore the dominance of the 'Magnificent Seven' US corporations in the recent stock market rally and their comparison to European markets. They discuss the significant influence of American tech CEOs versus their European counterparts, global lobbying efforts by big tech, and the economic impact of major tech product launches like Apple's iPhone 16 on UK retail sales. The episode analyzes the UK's economic challenges, governmental budget constraints, and tax policy trade-offs, including the freezing of tax thresholds. The hosts delve into the broader societal and economic consequences of media monopolies, infrastructure investments, and the peculiarities of contemporary political landscapes.

    00:00

    00:00 Introduction

    00:55 Part One

    01:00 Feedback and OpenAI Discussion

    02:41 The Magnificent Seven: US Companies vs. European Markets

    04:29 Comparing Market Values

    07:26 Future Projections and Power Dynamics

    12:50 European Response and Regulatory Challenges

    15:49 Investment Strategies and Market Resilience

    18:21 Retail Sales and Apple's Influence

    19:30 Part Two

    19:30 UK's Economic Challenges and Government Budget

    22:19 Tax Policies and Fiscal Strategies

    30:18 The Impact of Media and Big Tech

    35:29 Concluding Thoughts and Audience Engagement

    36:49 Credits



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