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This week we talk -again- about the energy crisis, and therefore our word of the week is "brennholz". Here you'll listen to:
Austerity Jones and C Thomas talk about 3 items that caught their eye from past week and 3 items they are looking forward to coming up. Visit our blog cthomasprinter.com for the links to the articles we read. This week on Looking Backwards: 1) Central Bank of Turkey decreasing interest rates by a full point in the midst of 80% inflation 2) Far right election win in Italy 3) Egypt Seeking Up to $6 Billion From Sale of State Firms This week on Looking Forwards: 1) Do hydrogen cars offer a better future than electric ones? 2) Mexican central bank meeting on Thursday, poll showing 75 basis points increase expectation 3) John Paulson on Frothy US Housing Market: This Time Is Different
Bond yields are up, equities are down, foreign exchange markets worldwide are reeling under the strength of the dollar. We therefore touch upon Triffin's Dilemma.
C Thomas believes that it was the Corporate America who benefited from the low interest rate environment. The losers in that case were mom and pop businesses, our neighbours, small towns, and cities. Therefore, our word of the week is urban blight.
Don't forget to visit our blog cthomasprinter.com and IG instagram.com/cthomasprinter/ for transcripts of our pods, links to handpicked news, and daily history & politics bits.
The pilot episode of Looking Backwards Looking Forwards- a show with a re cap and a precap of what we are watching in current events and financial news. Today we watch the CPI inflation number come out hotter than expected while Joe Biden signs the Inflation Reduction Act and Nancy Pelosi has to ask for applause all while the Nasdaq drops 5%. What a day to begin our new series...
On this day bonded with sadness, we note down the meaning of duty.
Moreover, C Thomas remembers unforgettable heroes: Roger Staubach, and Cale Foy.
C Thomas comments on how people lack in understanding economics and why we should have empathy in situations that might arise soon.
G Spot discusses whether the recent extreme weather events we experience result from climate change or if it is the media reflecting on it severely.
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