Boom Bust Season 2 Episode 134 Celente On Chinas Hard Landing and AIIB Plus Mobile Trends Update

Boom Bust is a financial news show that covers global economic news and trends. In this episode, which is the 134th of the second season, the host dives into two major topics: China's economic slowdown and the growing trend of mobile finance.

The show begins with an interview with Gerald Celente, who is the founder and director of The Trends Research Institute. Celente is a renowned economic forecaster, and he shares his predictions on China's economic future. He notes that China's growth has remained robust in the past few years but warns that its economy is facing significant headwinds.

Celente notes that China has an enormous debt burden, and its government is highly indebted. He predicts that the country could experience a hard landing in the coming years, which could cause significant problems in the global economy. Celente believes that China's economic slowdown will be exacerbated by demographic shifts, rising labor costs, and geopolitical tensions.

The interview also covers the recent trade tensions between the US and China. Celente argues that the trade war is just a part of a broader geopolitical shift that is underway. He notes that the US is losing its dominance in the world, and rising powers like China are challenging its hegemony.

After the interview with Celente, the show moves on to the second topic, which is the growing trend of mobile finance. The host interviews experts and researchers who have analyzed the impact of mobile technology on finance.

They note that mobile devices have become essential tools for consumers to access financial services. Mobile apps have disrupted traditional banking, and fintech companies are now competing with established banks in providing financial products and services.

The experts also note that mobile devices have enabled financial inclusion, providing access to financial services to previously excluded groups. They note that mobile technology has made it possible for people in developing countries to access banking services, make remittances, and buy insurance policies.

The show dives deeper into the different trends in mobile finance, such as payment apps, mobile wallets, and robo-advisors. The host notes that the emergence of mobile finance has significant implications for the future of banking and finance.

In conclusion, Boom Bust season 2 episode 134 delves into two significant themes that are impacting the global economy: China's economic slowdown and the growing trend of mobile finance. The show provides insightful analysis and interviews with experts to understand these trends better and their implications for the future. Overall, this episode is a must-watch for anyone interested in global economics and finance.