The pressing need for transparency, accountability, and competition in our economy | Wolf Richter

The Nick Halaris Show

This week on The Nick Halaris Show we are featuring Wolf Richter, the publisher of the Wolf Street Website. Wolf is an incredible financial mind and his site has become one of the go-to sources for those on global Wall Street seeking sophisticated, in-depth, and independent analysis of economic trends and market dynamics. I stumbled across Wolf Street several years ago and was blown away both by the quality of Wolf’s content and the sheer volume. Every single day, Wolf releases several articles with detailed analysis, helpful charts and table, and useful insights. For those interested in trying to understand what’s really going on in the global economy and markets, regular time on Wolf Street is a must.

I wanted to have Wolf on the show to unpack his latest thinking on the state of the economy, see what he thinks of the investment landscape today, and learn more about what motivates him to do this important work. As you’ll see in the episode, Wolf is a very humble and thoughtful individual and someone who is inspired by a unique mission-driven message. Tune in to this fascinating episode to learn:

• Why the government’s response to the Great Financial Crisis made Wolf feel compelled to start speaking out and still motivates him today
• How the banking bailouts during the GFC created an alarming lack of accountability across corporate America and laid the seeds for the growing wealth inequality we are seeing today
• How government intervention in the economy through Quantitative Easing and interest rate repression has not only distorted the economy but also has been the major cause in rising wealth inequality and increasing political polarization
• Why there is a pressing need for greater transparency, accountability, and competition across our economy
• & Much, much more

We also discuss interesting things like why it’s so frustrating and annoying to buy a car in America and why Silicon Valley has become a hub for monopolistic practices, and to get into the details of how wealth affects policies like QE actually work in practice. Stay tuned to the end to hear how Wolf’s incredible 3-year journey to over 100 countries and every continent on Earth changed his life and still motivates his work today.

As always, I hope you all enjoy this episode. Thanks for tuning in!

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