In this episode, the guys kick off by discussing the debate around Australia day and the contentious nature of national holidays in general.
Next, Damon talks about a recent theory espoused by Michael Burry of 'The Big Short' fame, which suggests that due to worryingly illiquid passive stock holdings in many of the S&P500's smaller companies, we could be facing down an impending ETF bubble.
After this, Hayden tells the story of Chinese tech billionaire Jack Ma's recent disappearance in response to his criticisms of the Chinese Communist Party's moves to regulate China's booming tech and finance sectors.
To wrap up, the guys speculate on the superpower status of the USA moving forwards, potential changes that could be implemented in order to slow or reverse its seemingly inevitable decline, and the possibility of an Asia-Pacific travel bubble.