Market Reckoning to Begin Trump Presidency with Dave Collum

Interview recorded - 3rd of January, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Dave Collum. Dave is a Professor of Organic Chemistry and leading thinker on markets and the larger world around us. During our conversation we spoke about Dave's review of 2024, the destruction of the democratic party, emergence of extremism, bureaucratic crisis, controlling complex systems, dollar wrecking ball, confiscating assets, Trump 2.0 and more. I hope you enjoy!0:00 - Introduction2:27 - Review of 20243:50 - Democrats took election for granted?9:00 - Biden in 2016?18:00 - Bureaucratic crisis26:08 - Emergence of extremism29:02 - Political accountability29:59 - Powell recent decision making?35:15 - Controlling complex systems31:22 - Managers can be poor allocators of capital40:42 - Distributions41:56 - Big Pharma model47:36 - Healthcare failing49:57 - Dollar wrecking ball53:42 - Confiscating assets58:47 - Optimism about Trump 2.01:03:13 - Trump to avoid a market reckoning?1:04:12 - One message to takeaway from our conversation?David Collum received a BS in biology from Cornell in 1977 and an MA, MS, and PhD in chemistry from Columbia University in 1980. Dave currently is the Betty R. Miller Professor of Chemistry at Cornell University. While at Cornell Dave has served as Director of Undergraduate Studies, Director of Graduate Studies, associate chairman, and chairman while running a research program in organic chemistry for forty years, which include collaborations with a host of large-cap pharmaceutical companies exemplified by Merck and Pfizer. In recent years he has become interested in the interface where politics and markets meet. He compiles an annual Year in Review, does several dozen podcasts per year, and occasionally stirs up trouble on more mainstream media sources.Dave Collum - Twitter - https://twitter.com/davidbcollum?s=21&t=xvXQIRnoZm5mxXw68trHEQYear in Review - https://peakprosperity.com/2024-year-in-review-what-is-a-fact/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas