Prof Joel Litman and Kerry Lutz discussed a range of topics related to the global economy and stock market. They highlighted the significance of recent elections in China and Russia in reshaping global business trust and reorganizing the world around US law and sovereignty. They also discussed the potential impact of the US election on the stock market and the economy, with Prof Litman expressing confidence in the US's ability to thrive in the global market regardless of the election outcome.

The conversation also delved into the historical performance of the stock market, particularly focusing on the S&P 500. Both speakers expressed confidence in the S&P 500's potential for continued growth over the next five to ten years, advocating for a passive investment strategy in the index. They also discussed the complexities of investing in Chinese companies and the broader implications for global markets. Finally, Prof Litman provided a comprehensive analysis of the impact of corporate tax cuts on tax revenue, highlighting the growth and profitability of US companies and addressing criticisms of the tax cuts.

Find Joel Litman here: altimetry.com

Find Kerry here: FSN  and here: inflation.cafe