Russell Clark is a hedge fund investor who has lived and worked in both Japan and China. He writes the widely followed Substack Capital Flows and Asset Markets: https://www.russell-clark.com/ Steve and Russell discuss: 0:00 Introduction 0:52 Russell's background and experiences in Japan 13:25 Hong Kong and finance 31:53 China property bubble 48:54 Dollar status as global reserve currency 56:09 Japan and China economies from a long run perspective 1:05:07 Inflation, US economy, and macro observations Music used with permission from Blade Runner Blues Livestream improvisation by State Azure. -- Steve Hsu is Professor of Theoretical Physics and of Computational Mathematics, Science, and Engineering at Michigan State University. Previously, he was Senior Vice President for Research and Innovation at MSU and Director of the Institute of Theoretical Science at the University of Oregon. Hsu is a startup founder (SuperFocus, SafeWeb, Genomic Prediction, Othram) and advisor to venture capital and other investment firms. He was educated at Caltech and Berkeley, was a Harvard Junior Fellow, and has held faculty positions at Yale, the University of Oregon, and MSU. Please send any questions or suggestions to [email protected] or Steve on X @hsu_steve.