<p>The past week has seen US stocks–and gold, btw–rally to record highs. This week, we’re going to apply the magnifying glass to the ‘Magnificent Seven’ that are driving this rally and ask what happens when the sheer size of these US corporations, or corporate value, starts to overtake individual European stock markets. That’s right - any one of these US companies are worth more than British or German capitalism. With an election on the horizon, time to figure out what this all means.</p><br><p>For more on Bubble Trouble, including transcripts of the show, visit us online at <a href="http://bubbletroublepodcast.com/" rel="noopener noreferrer" target="_blank">http://bubbletroublepodcast.com</a></p><p>You can learn more about Richard at <a href="https://www.linkedin.com/in/richard-kramer-16306b2/" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/in/richard-kramer-16306b2/</a></p><p>More on Will Page at: <a href="https://pivotaleconomics.com/" rel="noopener noreferrer" target="_blank">https://pivotaleconomics.com</a></p><p>(Times below correspond to the episode without considering any inserted advertisements.)</p><br><p>Bubble Trouble: Giants of Global Markets and Economic Quandaries</p><br><p>In this episode of Bubble Trouble, Richard Kramer and Will Page explore the dominance of the 'Magnificent Seven' US corporations in the recent stock market rally and their comparison to European markets. They discuss the significant influence of American tech CEOs versus their European counterparts, global lobbying efforts by big tech, and the economic impact of major tech product launches like Apple's iPhone 16 on UK retail sales. The episode analyzes the UK's economic challenges, governmental budget constraints, and tax policy trade-offs, including the freezing of tax thresholds. The hosts delve into the broader societal and economic consequences of media monopolies, infrastructure investments, and the peculiarities of contemporary political landscapes. </p><p>00:00 </p><p>00:00 Introduction</p><p>00:55 Part One</p><p>01:00 Feedback and OpenAI Discussion</p><p>02:41 The Magnificent Seven: US Companies vs. European Markets</p><p>04:29 Comparing Market Values</p><p>07:26 Future Projections and Power Dynamics</p><p>12:50 European Response and Regulatory Challenges</p><p>15:49 Investment Strategies and Market Resilience</p><p>18:21 Retail Sales and Apple's Influence</p><p>19:30 Part Two</p><p>19:30 UK's Economic Challenges and Government Budget</p><p>22:19 Tax Policies and Fiscal Strategies</p><p>30:18 The Impact of Media and Big Tech</p><p>35:29 Concluding Thoughts and Audience Engagement</p><p>36:49 Credits</p><p><br></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
