01 - Dan Denning - The canaries in the COVID coal mine

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