Somewhat muted news flow this week. But we still found news that make C Thomas angry. EU’s gas price cap, US Midwest mayors looking for Chinese investments, Toyota president saying silent majority questioning EV-only push, ESG fund managers’ frustration with the regulators, Big Short Burry seeing similarities between crypto and 2008 crisis, US Senate banking …
The tricky task Jerome Powell has: taming inflation in the midst of a record deficit. Good morning I’m Austerity Jones and I am here with C Thomas Printer. C Thomas, what do you have for us today? C Thomas: Good morning Austerity. One of my favorite stories is the following. Warren Buffet asks a group of …
This week we discuss $30bn Saudi & Chinese deal, US & Russia prisoner swap, UK approving a new coal mine, Italy, Japan, and the UK teaming up to build a fighter jet, and British government looking to ease financial rules. Strength in numbers: Saudi Arabia and China seal 35 deals worth $30bn during Xi Jinping’s …
Good Morning, I’m Austerity Jones, and this week C Thomas Printer has again zagged when I expected him to zig. C Thomas, what is this game of which you speak? C Thomas: Good Morning, Austerity. We are releasing this a day early because every December I like to check out the traditional Army/Navy football game …
Indonesia putting 100-island archipelago up for auction, and wanting to create an OPEC-like organization for Nickel, Xiaomi aiming to sell 10 million electric cars annually, China’s comprehensive relationship with Latin America, and nuclear energy gaining popularity. Indonesia puts 100-island archipelago up for auction, sparking environmental concerns | Indonesia | The Guardian Indonesia wants to make …
The transition from the gold standard to the petrodollar. Thank you, US military. Good morning I’m Austerity Jones and I’m here with C Thomas Printer to discuss the transition of America from the gold standard to the petrodollar. C Thomas: Good morning Austerity. We have already looked at how most countries go off the gold …
Argentina, the land stretching down the east side of South America and conjuring images of cosmopolitan cities, grass fed beef, Malbecs, the flat Pampas, and the mountainous Andes. It is a country full of abundant resources yet for the last century Argentina has been an interesting case economically because it could be argued that they …
News that caught our eyes this week were Russia claiming there has been another sabotage attempt to its gas pipelines, Ghana planning to buy oil with gold instead of US dollars, Norway postponing oil and gas licensing round, China’s covid zero protests, rail strike in the US, and yield curve inversion reaching an extreme. Russia …
We continue our discussion on the US Dollar’s future as the reserve currency. On this episode we mention world’s previous reserve currencies, how they started and ended. We then once again talk about the decision to stop the US Dollar being backed by the gold. Good Morning, I’m Austerity Jones and I am back with …
This week we look at Elizabeth Holmes, Trump running in 2024, Bobs of Disney, Cap on Russian oil prices, how far Fed would go, and the World Cup. C Thomas: Happy Hump day! Welcome back to Looking Backwards Looking Forwards. https://www.bbc.com/news/business-58336998 Austerity: Let’s start with Elizabeth Holmes. She is convicted with 11 years of prison. …