Boom Bust Season 3 Episode 128 Canada, Australia, EU Economic Woes, Long On Puerto Rico

Canada, Australia, and the EU are all experiencing economic woes in this episode of Boom Bust. The show starts by discussing Canada's falling GDP, which is the worst in a decade. Despite strong employment numbers, Canada's economic output has decreased due to a variety of factors, including global trade uncertainty and a slump in the oil and gas sector.

Next, the hosts turn their attention to Australia, where the Reserve Bank cut interest rates for the third time in five months. This move is intended to stimulate the economy, which has been growing at a sluggish rate. However, there are concerns that such measures may not be enough to prevent a recession.

The European Union is also facing economic challenges, particularly in the manufacturing sector. Fears of a recession are mounting as German industrial production numbers show a decline, and the ongoing Brexit saga continues to create uncertainty in the region.

The show's second segment focuses on Puerto Rico, which continues to struggle in the aftermath of Hurricane Maria. Despite receiving federal aid, the territory faces significant economic challenges, including a massive debt load and a shrinking population. However, some investors are bullish on the island's future and are betting big on its potential for growth.

Finally, the show examines the concept of long-term investing, which involves making bets on companies that may take years or even decades to fully realize their potential. The hosts discuss the benefits and risks of this strategy, and offer tips for investors looking to take the long view.

Overall, this episode of Boom Bust offers a snapshot of the economic challenges facing several regions around the world, while also exploring strategies for long-term investing.