ETF Whale = Bank Of Japan + Shorthand For ‘Poor’ + ‘Tenant-Farming’ Our Minds

Max and Stacy discuss the fact that the Bank of Japan now owns 73% of the country’s ETF market, and how this creates some relative winners at the expense of the growing pile of global “deplorables.” They also discuss the spread of negative rates to mortgage bonds, and how Trump’s Huawei ban may harm rural cellphone users. In the second half, Max interviews Randy Voller, a former Bernie delegate and former head of the Democratic party in North Carolina, about the entry of Joe Biden into the 2020 race for the Democratic nomination.

Shorthand For ‘Poor’

Max and Stacy discuss private equity getting into trailer parks and the ensuing rent price increases driving families toward homelessness. In the second half, Max continues his interview with Dan Collins, a businessman who lived and worked in China for the past twenty years. He explains the Hunter Biden scandal and how the Vice President’s son came to receive so much help from the Chinese government for his China-based fund - an otherwise almost impossible feat for a foreigner.

‘Tenant-Farming’ Our Minds