Area of the production, distribution and trade, as well as consumption of goods and services by different agents
POPULARITY
Categories
626 episodes with economic
120 episodes with economic
214 episodes with economic
57 episodes with economic
116 episodes with economic
124 episodes with economic
105 episodes with economic
68 episodes with economic
83 episodes with economic
142 episodes with economic
51 episodes with economic
58 episodes with economic
65 episodes with economic
72 episodes with economic
109 episodes with economic
136 episodes with economic
65 episodes with economic
31 episodes with economic
67 episodes with economic
30 episodes with economic
52 episodes with economic
32 episodes with economic
36 episodes with economic
39 episodes with economic
66 episodes with economic
62 episodes with economic
57 episodes with economic
39 episodes with economic
45 episodes with economic
43 episodes with economic
28 episodes with economic
48 episodes with economic
32 episodes with economic
35 episodes with economic
42 episodes with economic
70 episodes with economic
91 episodes with economic
43 episodes with economic
34 episodes with economic
32 episodes with economic
85 episodes with economic
27 episodes with economic
21 episodes with economic
45 episodes with economic
46 episodes with economic
19 episodes with economic
44 episodes with economic
21 episodes with economic
29 episodes with economic
18 episodes with economic
24 episodes with economic
81 episodes with economic
19 episodes with economic
34 episodes with economic
Today we're all getting smarter about some of the economic and political terms dominating the headlines these days. Terms like “authoritarianism” and “state capitalism” that have been hotly debated during the second Trump administration. Plus, “stagflation” and other vocabulary words our listeners have been curious about. With some help from experts, Kimberly breaks them all down. Here's everything we talked about today:"Why journalists are reluctant to call Trump an authoritarian – and why that matters for democracy" from The Conversation"What do we call the Trump administration's economic interventions?" from Marketplace"The U.S. Marches Toward State Capitalism With American Characteristics" from The Wall Street Journal"Trump's Latest Trade Deals Raise More Questions Than Answers and Harm America's Future" from the Center for American Progress"Supreme Court Agrees to Review Trump's Sprawling Tariffs" from The New York Times"What Is Stagflation, What Causes It, and Why Is It Bad?" from Investopedia"Are Donald Trump's tariffs the new sanctions?" from Stanford UniversityJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
HEADLINE: China's Economic Contradictions: Deflation and Consumer Wariness Undermine GDP Growth ClaimsGUEST NAME: Fraser Howie SUMMARY: John Batchelor speaks with Fraser Howie about China facing severe economic contradictions despite high World Bank forecasts. Deflation remains rampant with frequently negative CPI and PPI figures. Consumer wariness and high youth unemployment at one in seven persist throughout the economy. The GDP growth figure is viewed as untrustworthy, manufactured through debt in a command economy. Decreased container ship arrivals point to limited actual growth, exacerbated by higher US tariffs. Economic reforms appear unlikely as centralization under Xi Jinping continues.
CBS EYE ON THE WORLD WITH JOHN BATCHELOR 1900 KYIV THE SHOW BEGINS IN THE DOUBTS THAT CONGRESS IS CAPABLE OF CUTTING SPENDING..... 10-8-25 FIRST HOUR 9-915 HEADLINE: Arab Intellectuals Fail Palestinians by Prioritizing Populism and Victimhood Narrative in Gaza ConflictGUEST NAME: Hussain Abdul-Hussain SUMMARY: John Batchelor speaks with Hussain Abdul-Hussain about Hamas utilizing the power of victimhood to justify atrocities and vilify opponents. Arab and Muslim intellectuals have failed Palestinians by prioritizing populism over introspection and self-critique. Regional actors like Egypt prioritize populist narratives over national interests, exemplified by refusing to open the Sinai border despite humanitarian suffering. The key recommendation is challenging the narrative and fostering a reliable, mature Palestinian government. 915-930 HEADLINE: Arab Intellectuals Fail Palestinians by Prioritizing Populism and Victimhood Narrative in Gaza ConflictGUEST NAME: Hussain Abdul-Hussain SUMMARY: John Batchelor speaks with Hussain Abdul-Hussain about Hamas utilizing the power of victimhood to justify atrocities and vilify opponents. Arab and Muslim intellectuals have failed Palestinians by prioritizing populism over introspection and self-critique. Regional actors like Egypt prioritize populist narratives over national interests, exemplified by refusing to open the Sinai border despite humanitarian suffering. The key recommendation is challenging the narrative and fostering a reliable, mature Palestinian government. 930-945 HEADLINE: Russian Oil and Gas Revenue Squeezed as Prices Drop, Turkey Shifts to US LNG, and China Delays Pipeline GUEST NAME: Michael Bernstam SUMMARY: John Batchelor speaks with Michael Bernstam about Russia facing severe budget pressure due to declining oil prices projected to reach $40 per barrel for Russian oil and global oil surplus. Turkey, a major buyer, is abandoning Russian natural gas after signing a 20-year LNG contract with the US. Russia refuses Indian rupee payments, demanding Chinese renminbi, which India lacks. China has stalled the major Power of Siberia 2 gas pipeline project indefinitely. Russia utilizes stablecoin and Bitcoin via Central Asian banks to circumvent payment sanctions. 945-1000 HEADLINE: UN Snapback Sanctions Imposed on Iran; Debate Over Nuclear Dismantlement and Enrichment GUEST NAME: Andrea Stricker SUMMARY: John Batchelor speaks with Andrea Stricker about the US and Europe securing the snapback of UN sanctions against Iran after 2015 JCPOA restrictions expired. Iran's non-compliance with inspection demands triggered these severe sanctions. The discussion covers the need for full dismantlement of Iran's nuclear program, including both enrichment and weaponization capabilities, to avoid future conflict. Concerns persist about Iran potentially retaining enrichment capabilities through low-level enrichment proposals and its continued non-cooperation with IAEA inspections. SECOND HOUR 10-1015 HEADLINE: Commodities Rise and UK Flag Controversy: French Weather, Market Trends, and British Politics GUEST NAME: Simon Constable SUMMARY: John Batchelor speaks with Simon Constable about key commodities like copper up 16% and steel up 15% signaling strong economic demand. Coffee prices remain very high at 52% increase. The conversation addresses French political turmoil, though non-citizens cannot vote. In the UK, the St. George's flag has become highly controversial, viewed by some as associated with racism, unlike the Union Jack. This flag controversy reflects a desire among segments like the white working class to assert English identity. 1015-1030 HEADLINE: Commodities Rise and UK Flag Controversy: French Weather, Market Trends, and British Politics GUEST NAME: Simon Constable SUMMARY: John Batchelor speaks with Simon Constable about key commodities like copper up 16% and steel up 15% signaling strong economic demand. Coffee prices remain very high at 52% increase. The conversation addresses French political turmoil, though non-citizens cannot vote. In the UK, the St. George's flag has become highly controversial, viewed by some as associated with racism, unlike the Union Jack. This flag controversy reflects a desire among segments like the white working class to assert English identity. 1030-1045 HEADLINE: China's Economic Contradictions: Deflation and Consumer Wariness Undermine GDP Growth ClaimsGUEST NAME: Fraser Howie SUMMARY: John Batchelor speaks with Fraser Howie about China facing severe economic contradictions despite high World Bank forecasts. Deflation remains rampant with frequently negative CPI and PPI figures. Consumer wariness and high youth unemployment at one in seven persist throughout the economy. The GDP growth figure is viewed as untrustworthy, manufactured through debt in a command economy. Decreased container ship arrivals point to limited actual growth, exacerbated by higher US tariffs. Economic reforms appear unlikely as centralization under Xi Jinping continues. 1045-1100 HEADLINE: Takaichi Sanae Elected LDP Head, Faces Coalition Challenge to Become Japan's First Female Prime Minister GUEST NAME: Lance Gatling SUMMARY: John Batchelor speaks with Lance Gatling about Takaichi Sanae being elected head of Japan's LDP, positioning her to potentially become the first female Prime Minister. A conservative figure, she supports visits to the controversial Yasukuni Shrine. Her immediate challenge is forming a majority coalition, as the junior partner Komeito disagrees with her conservative positions and social policies. President Trump praised her election, signaling potential for strong bilateral relations. THIRD HOUR 1100-1115 VHEADLINE: DeepSeek AI: Chinese LLM Performance and Security Flaws Revealed Amid Semiconductor Export Circumvention GUEST NAME: Jack Burnham SUMMARY: John Batchelor speaks with Jack Burnham about competition in Large Language Models between the US and China's DeepSeek. A NIST study found US models superior in software engineering, though DeepSeek showed parity in scientific questions. Critically, DeepSeek models exhibited significant security flaws. China attempts to circumvent US export controls on GPUs by smuggling and using cloud computing centers in Southeast Asia. Additionally, China aims to dominate global telecommunications through control of supply chains and legal mechanisms granting the CCP access to firm data.E V 1115-1130 HEADLINE: DeepSeek AI: Chinese LLM Performance and Security Flaws Revealed Amid Semiconductor Export Circumvention GUEST NAME: Jack Burnham SUMMARY: John Batchelor speaks with Jack Burnham about competition in Large Language Models between the US and China's DeepSeek. A NIST study found US models superior in software engineering, though DeepSeek showed parity in scientific questions. Critically, DeepSeek models exhibited significant security flaws. China attempts to circumvent US export controls on GPUs by smuggling and using cloud computing centers in Southeast Asia. Additionally, China aims to dominate global telecommunications through control of supply chains and legal mechanisms granting the CCP access to firm data. 1130-1145 HEADLINE: Taiwanese Influencer Charged for Threatening President; Mainland Chinese Influence Tactics ExposedGUEST NAME: Mark Simon SUMMARY: John Batchelor speaks with Mark Simon about internet personality Holger Chen under investigation in Taiwan for calling for President William Lai's decapitation. This highlights mainland Chinese influence operations utilizing influencers who push themes of military threat and Chinese greatness. Chen is suspected of having a mainland-affiliated paymaster due to lack of local commercial support. Taiwan's population primarily identifies as Taiwanese and is unnerved by constant military threats. A key propaganda goal is convincing Taiwan that the US will not intervene. 1145-1200 HEADLINE: Sentinel ICBM Modernization is Critical and Cost-Effective Deterrent Against Great Power CompetitionGUEST NAME: Peter Huessy SUMMARY: John Batchelor speaks with Peter Huessy about the Sentinel program replacing aging 55-year-old Minuteman ICBMs, aiming for lower operating costs and improved capabilities. Cost overruns stem from necessary infrastructure upgrades, including replacing thousands of miles of digital command and control cabling and building new silos. Maintaining the ICBM deterrent is financially and strategically crucial, saving hundreds of billions compared to relying solely on submarines. The need for modernization reflects the end of the post-Cold War "holiday from history," requiring rebuilding against threats from China and Russia. FOURTH HOUR 12-1215 HEADLINE: Supreme Court Battles Over Presidential Impoundment Authority and the Separation of Powers GUEST NAME: Josh Blackman SUMMARY: John Batchelor speaks with Josh Blackman about Supreme Court eras focusing on the separation of powers. Currently, the court is addressing presidential impoundment—the executive's authority to withhold appropriated funds. Earlier rulings, particularly 1975's Train v. City of New York, constrained this power. The Roberts Court appears sympathetic to reclaiming presidential authority lost during the Nixon era. The outcome of this ongoing litigation will determine the proper balance between executive and legislative branches. 1215-1230 HEADLINE: Supreme Court Battles Over Presidential Impoundment Authority and the Separation of Powers GUEST NAME: Josh Blackman SUMMARY: John Batchelor speaks with Josh Blackman about Supreme Court eras focusing on the separation of powers. Currently, the court is addressing presidential impoundment—the executive's authority to withhold appropriated funds. Earlier rulings, particularly 1975's Train v. City of New York, constrained this power. The Roberts Court appears sympathetic to reclaiming presidential authority lost during the Nixon era. The outcome of this ongoing litigation will determine the proper balance between executive and legislative branches. 1230-1245 HEADLINE: Space Force Awards Contracts to SpaceX and ULA; Juno Mission Ending, Launch Competition Heats UpGUEST NAME: Bob Zimmerman SUMMARY: John Batchelor speaks with Bob Zimmerman about Space Force awarding over $1 billion in launch contracts to SpaceX for five launches and ULA for two launches, highlighting growing demand for launch services. ULA's non-reusable rockets contrast with SpaceX's cheaper, reusable approach, while Blue Origin continues to lag behind. Other developments include Firefly entering defense contracting through its Scitec acquisition, Rocket Lab securing additional commercial launches, and the likely end of the long-running Juno Jupiter mission due to budget constraints. 1245-100 AM HEADLINE: Space Force Awards Contracts to SpaceX and ULA; Juno Mission Ending, Launch Competition Heats UpGUEST NAME: Bob Zimmerman SUMMARY: John Batchelor speaks with Bob Zimmerman about Space Force awarding over $1 billion in launch contracts to SpaceX for five launches and ULA for two launches, highlighting growing demand for launch services. ULA's non-reusable rockets contrast with SpaceX's cheaper, reusable approach, while Blue Origin continues to lag behind. Other developments include Firefly entering defense contracting through its Scitec acquisition, Rocket Lab securing additional commercial launches, and the likely end of the long-running Juno Jupiter mission due to budget constraints.
Today we're all getting smarter about some of the economic and political terms dominating the headlines these days. Terms like “authoritarianism” and “state capitalism” that have been hotly debated during the second Trump administration. Plus, “stagflation” and other vocabulary words our listeners have been curious about. With some help from experts, Kimberly breaks them all down. Here's everything we talked about today:"Why journalists are reluctant to call Trump an authoritarian – and why that matters for democracy" from The Conversation"What do we call the Trump administration's economic interventions?" from Marketplace"The U.S. Marches Toward State Capitalism With American Characteristics" from The Wall Street Journal"Trump's Latest Trade Deals Raise More Questions Than Answers and Harm America's Future" from the Center for American Progress"Supreme Court Agrees to Review Trump's Sprawling Tariffs" from The New York Times"What Is Stagflation, What Causes It, and Why Is It Bad?" from Investopedia"Are Donald Trump's tariffs the new sanctions?" from Stanford UniversityJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
October 9, 2025Have you had your dose of The Daily MoJo today? Download The Daily MoJo App! "Ep 100925: The Nature Of Evil | The Daily MoJo"A bomb, the size of a Volkswagen, is discovered at the Port of Long Beach, a former naval base. President Trump announces a peace plan between Israel and Hamas, focusing on hostages and troop withdrawal. The discussion also covers personal experiences with hair loss, CBD products, and the influence of drugs on tech billionaires. Economic independence from China is suggested, alongside reflections on sleep issues and health concerns.Phil Bell's Morning Update: Patriots have the opportunity of a lifetime: HEREBrandon Morse - Redstate Author & host of The Brandon Morse YouTube channel- IS BACK! He fills the guys in on his health issues and has some thoughts on the state of the planet.Brandon's LinktreeOur affiliate partners:Be prepared! Not scared. Need some Ivermection? Some Hydroxychloroquine? Don't have a doctor who fancies your crazy ideas? We have good news - Dr. Stella Immanuel has teamed up with The Daily MoJo to keep you healthy and happy all year long! Not only can she provide you with those necessary prophylactics, but StellasMoJo.com has plenty of other things to keep you and your body in tip-top shape. Use Promo Code: DailyMoJo to save $$Take care of your body - it's the only one you'll get and it's your temple! We've partnered with Sugar Creek Goods to help you care for yourself in an all-natural way. And in this case, "all natural" doesn't mean it doesn't work! Save 15% on your order with promo code "DailyMojo" at SmellMyMoJo.comCBD is almost everywhere you look these days, so the answer isn't so much where can you get it, it's more about - where can you get the CBD products that actually work!? Certainly, NOT at the gas station! Patriots Relief says it all in the name, and you can save an incredible 40% with the promo code "DailyMojo" at GetMoJoCBD.com!Romika Designs is an awesome American small business that specializes in creating laser-engraved gifts and awards for you, your family, and your employees. Want something special for someone special? Find exactly what you want at MoJoLaserPros.com There have been a lot of imitators, but there's only OG – American Pride Roasters Coffee. It was first and remains the best roaster of fine coffee beans from around the world. You like coffee? You'll love American Pride – from the heart of the heartland – Des Moines, Iowa. AmericanPrideRoasters.com Find great deals on American-made products at MoJoMyPillow.com. Mike Lindell – a true patriot in our eyes – puts his money where his mouth (and products) is/are. Find tremendous deals at MoJoMyPillow.com – Promo Code: MoJo50 Life gets messy – sometimes really messy. Be ready for the next mess with survival food and tools from My Patriot Supply. A 25 year shelf life and fantastic variety are just the beginning of the long list of reasons to get your emergency rations at PrepareWithMoJo50.comStay ConnectedWATCH The Daily Mojo LIVE 7-9a CT: www.TheDailyMojo.com Rumble: HEREOr just LISTEN:The Daily MoJo ChannelBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-daily-mojo-with-brad-staggs--3085897/support.
When Alissa Quart's 90-year-old mother received a terminal diagnosis, she faced a daunting question: what to do with 400 paintings created over three decades. Her solution was unconventional, distributing the work directly to neighbors, friends, and anyone who wanted to live with her mother's art. The story she shares with host Alyson Stanfield touches on something much larger: what artists actually need to sustain their practice and how we think about legacy when the traditional art world isn't an option. You'll learn: How to approach inventorying and distributing an artist's work when they can no longer do it themselves Why affordable housing is critical infrastructure for artists and what happens when creative communities are priced out The legal and economic barriers that prevent cities from supporting working artists How one New York Times article elevated an artist's work in ways decades of painting couldn't When to stop building an artist's legacy and how to set boundaries around the work HIGHLIGHTS 01:30 Barbara Quart's journey from East Village bohemian to 30 years of daily painting 05:40 The horror story that sparked a mission to honor her mother's wishes 08:20 Looking for external validation through local gallery shows in the Berkshires 10:40 The circumstances that allowed 30 years of sustained art practice 12:50 Why artists need community, not just queen bees but worker ants too 14:40 Legal barriers that restrict housing developments for artists 17:00 How art production creates billions in economic activity 23:10 Starting with an inventory and creating a catalog system 26:30 Women who inherit their husband's art and sacrifice their own lives 29:20 The art destruction party where artists let go of their work 34:10 How one piece in the New York Times changed everything 38:10 Barbara started painting again after the article's positive response 42:00 Collective joy and questioning the myth of individualism 44:00 The promise that consciousness can persist beyond the hand that picked up the brush
Paul Stone, Air Force veteran and author, sounds the alarm on America's retirement crisis and economic collapse. In his explosive new book 1971: How All of America's Problems Can Be Traced to a Singular Day in History, he links today's financial struggles, including skyrocketing housing costs and stagnant wages, to Nixon's removal of the U.S. from the gold standard on August 15, 1971. With 42% of younger Americans living paycheck to paycheck, Stone explains why retirement is now impossible for millions and what's coming next.
Patrick McKenzie (patio11) is joined by Oliver Habryka, who runs Lightcone Infrastructure—the organization behind both the LessWrong forum and the Lighthaven conference venue in Berkeley. They explore how LessWrong became one of the most intellectually consequential forums on the internet, the surprising challenges of running a hotel with fractal geometry, and why Berkeley's building regulations include an explicit permission to plug in a lamp. The conversation ranges from fire codes that inadvertently shape traffic deaths, to nonprofit fundraising strategies borrowed from church capital campaigns, to why coordination is scarcer than money in philanthropy.–Full transcript available here: www.complexsystemspodcast.com/bits-and-bricks-oliver-habryka/–Sponsor: MercuryThis episode is brought to you by Mercury, the fintech trusted by 200K+ companies — from first milestones to running complex systems. Mercury offers banking that truly understands startups and scales with them. Start today at Mercury.comMercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC.–Links:Lightcone Infrastructure: https://www.lightconeinfrastructure.com/ Lighthaven: https://www.lighthaven.space/LessWrong: https://www.lesswrong.com/ –Timestamps:(00:00) Intro(01:08) The origins and evolution of LessWrong(03:54) Challenges of running an online forum(05:57) Reviving LessWrong(14:51) The unique structure of Lighthaven(17:35) The complexities of conference venues(19:14) Sponsor: Mercury(20:14) The realities of conference planning(25:32) Challenges of maintaining Lighthaven(29:54) Navigating permits and regulations(37:02) Impact of fire code regulations on traffic fatalities(39:06) Economic analysis of safety regulations(41:39) Housing policy and construction in Berkeley(43:30) Fundraising challenges in the nonprofit sector(46:44) Effective altruism and fundraising dynamics(54:20) Lessons from religious fundraising practices(01:05:36) Reflections on fundraising(01:13:26) Wrap
Jon Herold's Thursday edition covers another whirlwind day in politics, starting with Trump's Cabinet meeting and the announcement of a major peace agreement between Israel and Hamas. Jon plays clips from both Trump and Rubio, breaking down the details of the ceasefire, the release of hostages, and why he's cautiously skeptical of how long it will last. He digs into Trump's latest Truth Social posts, including one thanking FBI whistleblowers who exposed Christopher Wray's political bias, contrasting it with Trump's earlier take on embedded agents at the Capitol. From there, Jon covers the global economic battle as China tightens control over rare earth exports and Trump doubles down on building a domestic supply chain. He also highlights new IRS tax bracket changes, the student loan forgiveness notices during the shutdown, and Elon Musk's security clearance court order. With humor, logic, and a few laughs about YouTube censorship, Jon keeps the headlines honest and the Badlands spirit strong.
Joseph Sternberg details China's economic "pickle," resulting from the property bubble collapse and failure of its export-led model. The subsequent glut of goods risks deflation, which Beijing calls "involution," dangerously exacerbating vast debt problems. He notes that Xi Jinping resists market-led "creative destruction," prioritizing state control. Sternberg then analyzes London protests, concluding they are motivated by anti-Semitism and anti-Israel sentiment, irrespective of the Gaza peace talks. PM Starmer calling the protests "unbritish" reflects the government's difficulty in addressing these issues legally 1910 HALIBUT ALASKA
Joseph Sternberg details China's economic "pickle," resulting from the property bubble collapse and failure of its export-led model. The subsequent glut of goods risks deflation, which Beijing calls "involution," dangerously exacerbating vast debt problems. He notes that Xi Jinping resists market-led "creative destruction," prioritizing state control. Sternberg then analyzes London protests, concluding they are motivated by anti-Semitism and anti-Israel sentiment, irrespective of the Gaza peace talks. PM Starmer calling the protests "unbritish" reflects the government's difficulty in addressing these issues legally 1910 SHIPWRECKED
What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.: https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Linkedin: Post your job free at https://linkedin.com/impacttheory Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Netsuite: Download the new e-book Navigating Global Trade: 3 Insights for Leaders at http://NetSuite.com/Theory Bevel Health: 1st month FREE at https://bevel.health/impact with code IMPACT ButcherBox: Ready to level up your meals? Go to https://butcherbox.com/impact to get $20 off your first box and FREE bacon for life with the Bilyeu Box! Connectteam: 14 day free trial at https://connecteam.cc/46GxoTF Welcome back to Impact Theory with Tom Bilyeu! In this special 100th episode, Tom and co-host Drew dive deep into today's most pressing issues—from the chaos of government shutdowns and the relentless battle over healthcare, to the power of propaganda in mainstream media and the economic forces shaping our society. They break down the realities behind headline-grabbing policies, exposing how both sides of the political spectrum spin the narrative and why it's critical to do your own research before forming opinions. You'll hear Tom's unfiltered take on the dangers of “revolutionary empathy,” inspired by Eric Weinstein's insights, and how shifts in empathy and radical polarization are fueling a climate ripe for violence and unrest. The conversation also explores the harsh truths of wealth inequality, the illusion of economic progress, and why the stock market's highs aren't translating to a better life for most Americans. Drew brings in sharp counterpoints and timely clips—touching on everything from mass media censorship to the controversial culture wars playing out in children's entertainment and on social platforms. Plus, there's a candid look at the escalation of global conflicts, particularly in Ukraine, and how warfare is evolving in ways that stretch far beyond the battlefield. Through it all, Tom emphasizes the importance of personal empowerment: how individuals can still win—economically and mentally—despite a society seemingly stacked against them. Buckle up for an intense, eye-opening, and occasionally hilarious episode packed with actionable advice, hard truths, and a call to cut through the noise in pursuit of real understanding. This is Impact Theory—raw, real, and relentlessly focused on helping you thrive. Let's get into it! 00:00 Intro 00:48 Government Shutdown Continues 14:41 State Of The US Economy 31:42 Revolutionary Empathy 42:14 UK Jewish Terror Attack 48:21 Elon Cancels Netflix 56:41 Ukraine/Russia Nuclear Fears Rise Learn more about your ad choices. Visit megaphone.fm/adchoices
Iran's Strategy, Setbacks for Hezbollah, and the Chinese Economic Lifeline Guest: Jonathan Sayah Jonathan Sayah discusses US efforts to bolster the Lebanese Armed Forces (LAF) with $230 million, intending to empower the national identity over sectarian militias like Hezbollah. Iran consistently seeks to arm its proxies, but Hezbollah is currently on its back foot, having lost leadership, money, and the Syria corridor due to Israeli attacks and the new regime in Syria. A peace deal in Gaza would significantly weaken Iran, as stability does not favor the Islamic Republic, which thrives by exploiting regional instability. The morale of the Islamic Republic has crumbled due to external defeats and internal incompetence (failing infrastructure, high inflation). Furthermore, Iran relies heavily on China to purchase oil, utilizing a money-laundering network to evade US sanctions, securing an economic lifeline for the regime in return for natural resources and infrastructure projects. 18666 TEHRAN
Iran's Strategy, Setbacks for Hezbollah, and the Chinese Economic Lifeline Guest: Jonathan Sayah Jonathan Sayah discusses US efforts to bolster the Lebanese Armed Forces (LAF) with $230 million, intending to empower the national identity over sectarian militias like Hezbollah. Iran consistently seeks to arm its proxies, but Hezbollah is currently on its back foot, having lost leadership, money, and the Syria corridor due to Israeli attacks and the new regime in Syria. A peace deal in Gaza would significantly weaken Iran, as stability does not favor the Islamic Republic, which thrives by exploiting regional instability. The morale of the Islamic Republic has crumbled due to external defeats and internal incompetence (failing infrastructure, high inflation). Furthermore, Iran relies heavily on China to purchase oil, utilizing a money-laundering network to evade US sanctions, securing an economic lifeline for the regime in return for natural resources and infrastructure projects. 1924 ALEPPO
- Brighteon AI Prototype Announcement (0:10) - Prototype Site Features and Limitations (5:27) - Mike's Mission and Critique of Big Tech (8:02) - Geopolitical Analysis and Israel's Role (15:46) - Economic and Political Implications (48:30) - Interview with Matt and Maxim Smith (1:03:54) - Critique of Modern Education and Culture (1:17:40) - Starting the Journey: Initial Insights and Inspirations (1:20:03) - Navigating Dating and Finding a Worthy Spouse (1:23:07) - The Role of Men and Women in Society (1:24:56) - The Importance of Personal Codes and Competencies (1:31:53) - The Power of Saying No and Building Resilience (1:35:48) - Exploring Skills and Competencies (1:42:21) - The Role of AI and Future-Proofing Oneself (1:53:12) - The Value of Competency and Lifelong Learning (1:57:45) - The Importance of Time and Economic Considerations (2:07:57) - Supporting Young Women and Future Plans (2:11:59) - Sunlight and Health Practices (2:29:30) - Mesquite Thorns and Tractor Tires (2:35:05) - Decentralization and Self-Sufficiency (2:37:07) - Raccoons and Wildlife Interaction (2:42:56) - Medicaid Estate Recovery Program (2:46:47) - Government Shutdown and Taxation (2:49:40) - Gold and Silver Investments (2:54:52) - Health and Preparedness (2:57:59) - Crypto and Financial Freedom (3:08:04) - Final Thoughts and Future Plans (3:08:21) For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com
PREVIEW: Taiwan's Culture, Safety, and Economic Woes Amid AI Transformation Guest: Anne Stevenson-Yang This is a conversation between John Batchelor and Anne Stevenson-Yang, who has recently arrived in Taipei, Taiwan. Stevenson-Yang praises Taiwan's wonderful public culture, safety, security, honesty, and accessibility, noting that one can leave money on the street or walk out late without worry. However, she acknowledges that Taiwan suffers from common global issues, including increasing income inequality, unaffordability, rising housing prices, and stagnant wages. While much of the economy is focused on electronics and fabs, these industries do not employ a massive number of people. The conversation also touches upon the worldwide, accelerating transformation of all endeavors—including productivity, education, and work—to an AI base. 1925 TAIPEI
From the BBC World Service: The Nikkei 225 stock index in Japan rose sharply on the first day of trading after Sanae Takaichi won the contest to lead the country's ruling Liberal Democratic Party. Then, Jaguar Land Rover plans to resume vehicle production in the U.K. today, six weeks after a cyberattack forced a production pause. And, although the artificial intelligence industry is worth close to $250 billion, some businesses are rejecting its use altogether. We'll hear from them.
From the BBC World Service: The Nikkei 225 stock index in Japan rose sharply on the first day of trading after Sanae Takaichi won the contest to lead the country's ruling Liberal Democratic Party. Then, Jaguar Land Rover plans to resume vehicle production in the U.K. today, six weeks after a cyberattack forced a production pause. And, although the artificial intelligence industry is worth close to $250 billion, some businesses are rejecting its use altogether. We'll hear from them.
What if blockchain technology could emancipate us rather than just enrich speculators? In this wide-ranging conversation with Victor Vernissage, researcher, economist, and founder of Humanode.io, we explore how emerging technologies might transform our economic systems if deployed with democratic values rather than purely capitalist structures."Crypto is mostly about speculation. It's the main use case right now," Victor explains, cutting through the hype to address fundamental issues with current blockchain implementations. He argues that most systems remain "purely plutocratic, oligarchic, capitalistic structures where the more money you have, the more power you have," despite revolutionary potential for something entirely different. The discussion challenges widespread economic illiteracy underlying many blockchain projects, with Victor boldly stating that "neoclassical economics is complete bullshit" that fails to model real-world complexity.We venture into fascinating territory when discussing how blockchain and AI technologies intersect. Victor outlines four major possibilities: decentralized AI computation keeping conversations private rather than corporate-controlled; autonomous AI agents that can trade independently; governance systems for artificial intelligence; and new economic structures for a world where AI displaces human workers. Humanode specifically focuses on creating "one human, one vote" governance systems using biometrics to verify unique identities without compromising privacy.Perhaps most revolutionary is the potential for wealth redistribution through technology. Victor describes how AI agents conducting transactions generate fees, which typically flow to wealthy validators. However, with systems like Humanode, these fees could instead be distributed equally among participants, creating "not money for nothing, but money for something" – a new economic model beyond traditional UBI concepts.The conversation ultimately reveals that our technological future isn't predetermined. While current implementations often reinforce existing power structures, these technologies could create more democratic, equitable systems if implemented differently. The question isn't whether technology will transform society, but whether we'll allow that transformation to serve humanity or exploit it.Ready to rethink everything you thought you knew about economics and technology? Listen now, then join the conversation about building a more democratic digital future.Send us a text Musis by Bitterlake, Used with Permission, all rights to BitterlakeSupport the showCrew:Host: C. Derick VarnIntro and Outro Music by Bitter Lake.Intro Video Design: Jason MylesArt Design: Corn and C. Derick VarnLinks and Social Media:twitter: @varnvlogblue sky: @varnvlog.bsky.socialYou can find the additional streams on YoutubeCurrent Patreon at the Sponsor Tier: Jordan Sheldon, Mark J. Matthews, Lindsay Kimbrough, RedWolf, DRV, Kenneth McKee, JY Chan, Matthew Monahan, Parzival, Adriel Mixon, Buddy Roark, Daniel Petrovic
Farmers across Tennessee continue harvest as the reality of the agriculture financial crisis sets in. Row farmers in West Tennessee explain why they need financial assistance sooner rather than later.
The signs of an imminent recession are everywhere, yet the markets keep marching on to new highs! What gives? What's going on? In this week's episode of the Retirement Quick Tips podcast, I'm breaking down what happened in the markets over the last quarter, what's going on in the economy, and how we're positioning client portfolios moving forward…
Global Economic Picture Rapidly Changing as Chaos Continues to Drive Uncertainty w/ Nomi Prins - SarahWestall.com
Dr Boyce explains the signs that black people are economically oppressed.
INCOGNI Deal: To get an exclusive 60% off an annual Incogni plan, go to https://incogni.com/disruptors Rob is joined by former UK Chancellor Jeremy Hunt for a startling conversation on the current state and future prospects of the UK economy. Jeremy admits that while the UK has deep strengths in its tech and defence sectors, the country is plagued by a “double doom loop” of high taxes and national debt, which is now consuming roughly £4,000 per year from the average household just to service the interest. Jeremy also shares his belief that even the US debt situation, as highlighted by Ray Dalio, is not immune to the laws of gravity, encouraging optimism for the UK's future. For the inside track on the British and global economy, this frank discussion has it all BEST MOMENTS “Something worse than a recession is coming." “A quarter of adults are not in work." "Hope is the first duty of command." Exclusive community & resources: For more EXCLUSIVE & unfiltered content to make, manage & multiply more money, join our private online education platform: Money.School → https://money.school And if you'd like to meet 7 & 8 figure entrepreneurs, & scale to 6, 7 or 8 figures in your business or personal income, join us at our in-person Money Maker Summit Event (including EXCLUSIVE millionaire guests/masterminds sessions) → https://robmoore.live/mms
Chris Markowski, the Watchdog on Wall Street, discusses various pressing financial issues, including tariffs on the film industry, property taxes, economic indicators, the presence of corruption in finance, the implications of government intervention in business, and the challenges of student loan debt. He emphasizes the need for financial literacy and accountability in both personal and institutional finance.
Positive Outlook for US-Canada Trade and Middle East Peace Guest Name: Conrad Black Summary: Canadian Prime Minister Mark Carney is meeting with President Trump to discuss economic and security issues, aiming to remove US tariffs. Trade discussions look positive following the Canadian election. Carney also specifically endorsed President Trump's proposed Middle East peace deal, which has major Arab and non-Arab Muslim powers supporting it, deeming it one of the greatest diplomatic achievements since World War II. 1884
AI Bubble? In the first half of this year, spending by companies on artificial intelligence rivaled consumers as the primary engine of the nation's economic expansion.That startling shift is one of many recent examples of AI's increasingly outsize role in propping up U.S. economic fortunes — and a sign, some fear, of a soon-to-pop speculative bubble that could cause widespread financial pain.Billionaires Missing the PointBillionaire businessman Mark Cuban tells Axios that AI is leveling the playing field for young, low-income entrepreneursAI HollywoodSome of Hollywood's biggest stars and the union that represents them are speaking out against the creation of an AI-generated actress following reports that she will soon by signed by a talent agency.
In this week's episode, we break down the strength of the current stock market—after several years of 20%+ returns, we're on track for another strong year with the market up 15% heading into the fourth quarter. We discuss companies posting record profits, the sheer number of all-time highs we've seen, and debate whether this momentum represents a new normal or just an anomaly.We also dig into the drama of a government shutdown—what sparked it, what really happens when Washington stalls, and what history tells us about the real impact on the economy. We'll focus on what really matters for your money, and talk about the broader consequences along with what it might take to prevent future standoffs.Why does the economy look strong on paper while so many people feel squeezed? We dig into the growing divide between the “haves” and “have-nots,” where the top 10% income earners drive nearly half of all spending while the middle class is getting squeezed out. From budget hotels struggling to fill rooms to luxury resorts booked solid, we'll explore what this bifurcation means for the economy—and for everyday investors.To wrap up the show, we're taking a sweet detour into the world of dirty soda—the over-the-top, syrup-and-cream-loaded drinks that are taking TikTok by storm. From candy add-ins to premade bottles and even specialty soda shops, we'll explore why everyone suddenly wants their soda “dirty” and what this trend says about today's foodie culture.Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty. Henssler Money Talks — October 4, 2025 | Season 39, Episode 40Timestamps and Chapters7:22: On Track for A Strong Year 17:16: Shutdown Drama27:26: The Bifurcation of Economic Classes 44:13: Why Everyone Wants Their Soda “Dirty”Follow Henssler: Facebook: https://www.facebook.com/HensslerFinancial/ YouTube: https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/
In Our Suffering, Economic Uncertainty, and Health Crises, You Can Still Rejoice as a Jesus Follower Because Jesus has Made You His Own MESSAGE SUMMARY: By accepting Jesus, you can be born of the Holy Spirit and have your sins forgiven by His sacrificial death on the cross, through God's Grace. Paul explains, in Philippians 3:9b-12, that Jesus “has made me His own”: ‘but that which comes through faith in Christ, the righteousness from God that depends on faith— that I may know him and the power of his resurrection, and may share his sufferings, becoming like him in his death, that by any means possible I may attain the resurrection from the dead. Straining Toward the Goal. Not that I have already obtained this or am already perfect, but I press on to make it my own, because Christ Jesus has made me his own'.”. Amidst suffering and loss; economic uncertainty; and family crises, you can still celebrate and rejoice because you know that God has given your life and life eternal. We know that God is with us, and He will never leave us. TODAY'S PRAYER: Surely it is God who saves me. I will trust in Him and not be afraid. For the Lord is my stronghold and my defense, and He is my savior. Therefore, you shall draw water with rejoicing from the springs of salvation. And on that day, you shall say, “Give thanks to the Lord and call upon His Name; make His deeds known among the peoples; see that they remember that His Name is exalted.”. Amen. TODAY'S AFFIRMATION: Today, I affirm that because I am in Jesus Christ, I will trust in the Lord with all my heart. I will trust in the Lord with all of my heart and lean not on my own understanding. In all my ways I will seek to know Him, and He will make my pathways straight. From Proverbs 3:5f SCRIPTURE REFERENCE (ESV): Philippians 3:7-12; John 5:24; Matthew 28:19-20; Psalms 78f:61-72. A WORD FROM THE LORD WEBSITE: www.AWFTL.org. THIS SUNDAY'S AUDIO SERMON: You can listen to Archbishop Beach's Current Sunday Sermon: “The Promise of the Eternal” at our Website: https://awordfromthelord.org/listen/ DONATE TO AWFTL: https://mygiving.secure.force.com/GXDonateNow?id=a0Ui000000DglsqEAB
X: @GarrettInExile @americasrt1776 @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with the Honorable Tom Garrett, a leading attorney, currently serving as a legislator in the Commonwealth of Virginia, former Assistant Attorney General and former U.S. Congressman. While serving in the US Congress, Tom served on the Foreign Affairs Committee and Homeland Security Committee. An expert on Iran and the Middle East, Tom Garrett's analysis and insights are enlightening as America's foreign policy and national security concerns are focused on a strategic region adversely impacted by Iran, a state sponsor of terrorism. Key Topics: The state of America's economy and the impact of the One Big Beautiful Bill Act focused on cutting taxes for everyday and hardworking Americans, including no tax on tips and overtime, no tax on social security, and savings for American families. Energy | Fuel costs going down with a goal to make America energy independent. President Trump's speech at the United Nations and the truth that while Western nations spend hundreds of billion of taxpayer dollars on the efforts to address climate change while China continues to be the world's number polluter. He called it "a conjob." President Trump stated that renewable energy, along with migration, was destroying Western countries and placing nations in debt and added greater security challenges. Published report: _President Trump attacked global immigration and efforts to fight climate change during an address to the United Nations, claiming they were among the world's top threats to Western civilization. In an hour-long speech filled with grievances about ongoing wars, windmills and malfunctioning escalators, it was Trump's attacks against what he called a “double-tailed monster” that rang loudest in the ornate General Assembly room. “Immigration and the high cost of so-called green, renewable energy is destroying a large part of the free world and a large part of our planet,” he said. “Countries that cherish freedom are fading fast because of their policies on these two subjects. Both immigration and their suicidal energy ideas will be the death of Western Europe.” “I'm telling you that if you don't get away from the ‘green energy' scam, your country is going to fail. If you don't stop people that you've never seen before that you have nothing in common with, your country is going to fail.” _ President Donald Trump, speech delivered at the United Nations, September 23, 2025 America's eyes are focused on state-wide elections in New Jersey and Virginia, with governors' races and the legislatures which will determine key policies including economic and social issues. Pro-life advocates are concerned about Virginian Democrats pushing for a radical plan: House Joint Resolution 1/Senate Joint Resolution 247, would amend the Virginia Constitution to allow for unrestricted abortion through the third trimester of pregnancy – repealing and preventing widely supported abortion regulations that enjoy broad support from the American people. New manufacturing plant in the United States - Insulin for Americans | Competition to bring down prices of pharmaceuticals in America | India's Biocon which produces biosimilars and insulin opened its first manufacturing facility in New Jersey. Biocon Biologics is a global leader in biosimilars and insulin production and is among the top three global players for rh-Insulin and Insulin Glargine, providing over 9.2 billion doses of insulin globally with a broad portfolio comprising basal, mixed and rapid acting insulins. Kiran Mazumdar-Shaw, Chairperson, Biocon Group, said, “Biocon's first U.S. FDA approved formulations facility in New Jersey marks a new chapter in our journey of global expansion. More than a milestone, it is a reaffirmation of our purpose to serve patients wherever they are." Washington Times, op-ed by Natasha Srdoc and Joel Anand Samy: FDA must fast track insulin for the millions of Americans living with diabetes https://www.washingtontimes.com/news/2019/oct/17/fda-must-fast-track-insulin-for-the-millions-of-am/ Bio | Tom Garrett Virginia Delegate Tom Garrett earned his Bachelor's degree from the University of Richmond. After the University of Richmond, Tom Garrett became an artillery officer in the United States Army. Achieving the rank of Captain, Tom led soldiers overseas—most notably while deployed in Bosnia. Upon returning to the States, Tom earned his J.D. from the University of Richmond and quickly became an Assistant Attorney General for Virginia. In 2016, Tom was elected to represent Virginia's 5th Congressional District in the United States House of Representatives. Tom won that election with the most votes ever in the 5th Congressional District. While in Congress, Tom served on the Foreign Affairs Committee, Homeland Security Committee, Education and Workforce Committee and was a member of the Freedom Caucus. In the years since, Tom Garrett has dedicated his life to fighting for the oppressed and forgotten not only here in America, but around the world. Tom has been working on a global docu-series project, Exile, (https://www.wvtf.org/news/2021-12-10/former-congressman-tom-garrett-working-on-a-new-documentary-series) which tells the untold stories of those who are persecuted based on their faith or ethnicity. In addition to continuing his work as a defense attorney, Tom has served as a consultant and most recently, cofounder for firms working in global energy development. americasrt.com (https://americasrt.com/) https://summitleadersusa.com/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 X: @GarrettInExile @americasrt1776 @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 68 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Tune into WTON in Central Virginia on Sunday mornings at 6:00 A.M. (ET). Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm
Chris Markowski discusses the realities of financial planning and investment strategies, emphasizing the importance of self-awareness and understanding one's financial situation. He critiques conventional financial planning methods and advocates for a more resilient approach to investing, focusing on timeless wisdom and the concept of anti-fragility. The discussion also touches on the emotional aspects of investing and the need for a structured process rather than rigid planning.
Chris Markowski, the Watchdog on Wall Street, discusses the importance of frank speech in financial matters, critiques the influence of media and advertising on public perception, and debunks common myths surrounding annuities. He highlights the consequences of white collar crime, particularly in the context of government shutdowns and spending. Markowski also addresses the rising costs of healthcare and the economic realities faced by companies like Starbucks, emphasizing the need for transparency and truth in financial discussions.
- Interview with Paymon on Tax Law (0:11) - Breaking News and Political Updates (2:24) - Middle East News and Energy Developments (6:28) - Energy Grants and Climate Change (9:13) - Pharmaceutical Industry and Healthcare (19:38) - AI and Health Freedom (28:59) - Interview with Paymon on Tax Law (48:50) - Gold and Silver Market (58:50) - Economic and Political Predictions (1:08:33) - Final Thoughts and Call to Action (1:18:04) - Critique of Institutions and Government (1:22:43) - Generational Shift and Social Media Influence (1:24:41) - Questioning Official Narratives and Systemic Corruption (1:27:14) - The Role of Money and the IRS (1:28:33) - The Future of Currency and Economic Systems (1:39:38) - The Role of Education and Self-Empowerment (1:43:40) - The Corruption of the Pharmaceutical Industry and Tax Systems (1:45:40) - The Potential Collapse of the US Dollar (1:48:11) - The Role of Entrepreneurs and Business Owners (1:48:27) - The Importance of Unity and Legal Action (1:50:14) For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com
From the BBC World Service: Japan's ruling Liberal Democratic Party will choose a new leader on Saturday, and he or she will become the country's next prime minister. Germany's Munich Airport closed temporarily overnight due to drone sightings, making it the latest European airport forced to halt operations because of unexplained drone flights. And the French government has launched a campaign against what the Minister of Work calls “the last discrimination”: ageism.
From the BBC World Service: Japan's ruling Liberal Democratic Party will choose a new leader on Saturday, and he or she will become the country's next prime minister. Germany's Munich Airport closed temporarily overnight due to drone sightings, making it the latest European airport forced to halt operations because of unexplained drone flights. And the French government has launched a campaign against what the Minister of Work calls “the last discrimination”: ageism.
I SURVIVED REAL ESTATE 2025The Norris Group Presents: The 18th Annual I Survived Real Estate – LIVE at the Nixon Presidential LibraryThe Norris Group's award-winning black-tie gala, I Survived Real Estate, returns for its 18th year. Since 2008, I Survived Real Estate has supported Make-A-Wish OC & IE—and thanks to your generosity, we've now raised over $1.2 million for children in need This year's backdrop?A California housing market still starved for inventory, mortgage rates hovering above comfort zones, affordability hitting generational lows, inflation and tariffs. Add in global uncertainty, sticky inflation, and the ever-watchful eye of the Federal Reserve—and you've got a landscape full of questions.Inventory Drought: California's housing supply remains critically lowRate Pressure: Mortgage rates linger well above buyer comfort zonesPriced Out: Affordability has collapsed to generational lowsGlobal Tensions: War, tariffs, and instability rattle investor confidenceInflation's Grip: Costs remain stubbornly high, squeezing marginsTariff Troubles: Rising import costs could ripple through construction and developmentAll Eyes on the Fed: Every rate hint could send shockwaves through the market Our expert panel brings top minds in economics, investing, and housing to help us prepare for what's next. I Survived Real Estate was born from crisis, with a mission to unite thought leaders, give back, and guide our industry forward. In this episode:The Fed's interest rate decisions and their effect on inflationBorder closures and their impact on employment and affordabilityIs California at a breaking point with housing affordability?Economic forecasts and the future of the housing marketDoug Duncan on a potential tax refund “sugar rush” in early 2025The impact of tariffs and shifts in the job marketHealthcare job growth and broader economic concernsThe Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669. For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.Video LinkRadio Show
Interview recorded - 30th of September, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Louis Gave. Louis is the Founding Partner & Chief Executive Officer of Gavekal.During our conversation we spoke about Louis' outlook for the economy, liquidity, Chinese 10% deficit, China's shifting economy, demographics, BRICS alliance and more. I hope you enjoy!0:00 - Introduction2:50 - Outlook on the economy?4:54 - Liquidity 7:42 - Foreign direct investment9:57 - Chinese 10% deficit12:46 - China's shifting economy19:26 - Demographics 20:46 - Shift to Russia, China & India25:41 - One message to takeaway?After receiving his bachelor's degree from Duke University and studying Mandarin at Nanjing University, Louis joined the French Army where he served as a second lieutenant in a mountain infantry battalion. After a couple of years, Louis left the army and joined Paribas where he worked as a financial analyst—first in Paris, then in Hong Kong.Louis left Paribas in 1998 to launch Gavekal with his father Charles and Anatole Kaletsky. The idea at the time was that Asia was set to become an ever more important factor in global growth, and that consequently Gavekal needed to offer its clients more information, and more ideas, relating to Asia.Louis has written seven books, the latest being Avoiding the Punch: Investing in Uncertain Times which reviews how to build a portfolio at a time of rising geostrategic strife, and when very low interest rates and stretched valuations on most assets announce constrained returns on most assets over the next decade.Louis speaks English and French. He spent many hours studying Mandarin and Spanish, which he once spoke decently. He is married with two sons and two daughters.Louis-Vincent Gave:Website - https://research.gavekal.com/Twitter - https://x.com/gave_vincentWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - https://gmk.center/en/news/the-world-bank-expects-chinas-economy-to-slow-down-in-2025/
President Franklin D. Roosevelt placed the Great Depression at the top of his “to-do” list when he was inaugurated in 1933. He quickly took strong measures, creating government agencies to address economic problems and put the country back on a secure financial footing.
Picture this: You wake up tomorrow morning, check the news, and see the headline "Jamaica Strikes Oil." Your first thought? "Finally, my light bill will drop!" But what if we told you that finding oil could actually be the worst thing to happen to Jamaica's economy?In this episode of the Limitless Podcast, Dr. Matthew Preston and Dr. Thaon Simms unpack the incredible story of United Oil and Gas Company, a London-listed firm that has spent 10 years and $40 million USD searching Jamaica's southern waters for what could be up to 7 billion barrels of oil worth $23 billion USD.But here's where the story gets interesting. While everyone assumes oil discovery means cheaper electricity and fuel, the reality is far more complex. We explore the phenomenon called "Dutch Disease" and why countries like Nigeria went from thriving agricultural exporters to economic instability after oil discovery. Could Jamaica face the same fate?From JPS's monopoly and your electricity bill to investment opportunities in companies like Fesco, RPL, and Wigton Energy, we break down exactly what oil discovery would mean for every Jamaican. Plus, we reveal which JSE stocks could skyrocket if oil is confirmed and why one company trading for just 30 Jamaican dollars could be sitting on a goldmine.The transformation wouldn't just be economic. We're talking about free healthcare, massive infrastructure projects, sovereign wealth funds, and Jamaica potentially becoming the Caribbean's newest oil powerhouse. But at what cost?
In this episode, Samantha Azzarello, head of Content Strategy, is joined by Jay Barry, head of Global Rates Strategy, chief U.S. economist Mike Feroli and Eben Peck from the Federal Government Relations team to discuss the latest developments surrounding the U.S. government shutdown. They explore the status of negotiations and the economic implications of the impasse, including the effects on Fed policy, GDP and jobs. They also dive into the market response and the impact on the broader financial landscape. This podcast was originally recorded as a webinar for J.P. Morgan Markets on October 2, 2025. This communication has been prepared based upon information from sources believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy except with respect to any disclosures relative to J.P. Morgan and/or its affiliates and an analyst's involvement with any company (or security, other financial product or other asset class) that may be the subject of this communication. Any opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This communication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. J.P. Morgan Research does not provide individually tailored investment advice. Any opinions and recommendations herein do not take into account individual circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies. You must make your own independent decisions regarding any securities, financial instruments or strategies mentioned or related to the information herein. Periodic updates may be provided on companies, issuers or industries based on specific developments or announcements, market conditions or any other publicly available information. However, J.P. Morgan may be restricted from updating information contained in this communication for regulatory or other reasons. This communication may not be redistributed or retransmitted, in whole or in part, or in any form or manner, without the express written consent of J.P. Morgan. Any unauthorized use or disclosure is prohibited. Receipt and review of this information constitutes your agreement not to redistribute or retransmit the contents and information contained in this communication without first obtaining express permission from an authorized officer of J.P. Morgan. Copyright 2025, JPMorganChase & Co. All rights reserved.
In this episode, James helps viewers sift through the FUD created by clickbait titles and articles. He dives deep into leading economic indicators, particularly the PMI (Purchasing Managers Index), and explains how this often overlooked tool can help investors improve their analysis and sleep better at night.
(0:00) Chamath and Jason welcome Rep. Ro Khanna! (1:10) H-1Bs and immigration (8:40) Giving Trump credit as a Progressive Democrat, why bipartisanship is broken, future Democratic leaders (15:08) Tech industry: Can Democrats win back tech?; Economic patriotism, protection vs proliferation of AI (24:25) Government shutdown, what actually happens? (30:25) Extreme rhetoric: Importance of dialing this down (36:29) Censorship and lawfare on both sides (40:32) Crime issues in major cities, why Democrats are losing on safety, common sense solutions (47:46) Mamdani's surge: is Zohran the future of the party? (51:15) Congressional stock trading ban Follow Ro Khanna: https://x.com/rokhanna Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect
Welcome back to Impact Theory with Tom Bilyeu! In this episode, Tom and co-host Drew dive headfirst into today's hottest and most controversial topics, starting with the government shutdown showdown in Washington. Tom breaks down the political theater swirling around healthcare funding—especially the heated debate over providing healthcare for undocumented immigrants—and examines both parties' roles in fueling public anxiety and deepening America's economic woes. The conversation doesn't stop there. Tom and Drew peel back the layers of how ideology, economic decline, and divisive rhetoric are pushing the country toward the edge. They dissect the proposed $1.5 trillion spending increases, discuss the realities of entitlement spending, and Tom calls out both sides of the aisle for political gamesmanship that comes at the expense of future generations. Later in the episode, Tom offers his take on the Trump administration's 20-point peace plan for Gaza, mapping out the ideological and cultural pitfalls ahead. They also marvel at the jaw-dropping evolution of AI with OpenAI Sora 2, discussing how artificial intelligence is revolutionizing creative industries—and bringing it all back to what this means for entrepreneurs, creators, and everyday Americans. Whether you're seeking clarity on the latest policy debates, curious about global conflicts, or just want to be inspired to take action in a rapidly changing world, this episode packs a punch. Get ready for bold opinions, candid moments, and an unfiltered look at the consequences of our collective decisions—economically, politically, and culturally. Hims: Start your free online visit today at https://hims.com/IMPACT. ButcherBox: Ready to level up your meals? Go to https://butcherbox.com/impact to get $20 off your first box and FREE bacon for life with the Bilyeu Box! SleepMe: Visit https://sleep.me/impact to get your Chilipad and save 20% with code IMPACT. Try it risk-free with their 30-night sleep trial and free shipping. Vital Proteins: Get 20% off by going to https://www.vitalproteins.com and entering promo code IMPACT at check out Linkedin: Post your job free at https://linkedin.com/impacttheory Found Banking: Try Found for FREE at https://found.com/impact Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.: https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices
I had an incredible conversation with Cynthia Moe-Lobeda about her book Building a Moral Economy (the first in a six-book series!). We dug into how most Christians experience a profound disconnect between their faith and their economic lives—knowing intellectually that our consumer choices connect us to exploitation and ecological destruction, but feeling powerless to change systems that seem inevitable. Cynthia shared her own journey from despair to action, grounded in a mystical encounter that helped her hold both grief and hope simultaneously. She laid out a compelling vision for what a moral economy actually looks like: ecological, equitable, and democratic—three criteria that radically challenge financialized capitalism. The heart of our conversation was her framework of "10 fingers on the hands of healing change"—specific forms of action like living lightly, moving money, changing rules, and building a bigger "we." What moved me most was her insistence that our current economy isn't inevitable; it was built by human decisions and can be rebuilt differently. She reminded us that we're not isolated moral agents but a "we"—the body of Christ with diverse gifts for different kinds of action. If you've ever felt torn between providing for your family and the knowledge that our prosperity is connected to the crucified people of our world, this conversation offers a path forward rooted in resurrection faith and practical action. Dr. Cynthia Moe-Lobeda is a Lutheran theologian, ethicist, and author who has dedicated her career to exploring the intersection of faith, economics, and justice. Her work focuses on building what she calls "economies for life"—economic systems that are ecological, equitable, and democratic. She is the author of Resisting Structural Evil and Building a Moral Economy. With decades of experience in ecumenical work and student ministry, Cynthia brings both academic rigor and pastoral wisdom to her writing, grounded in her conviction that the current economic system is not inevitable but can be transformed through collective action. ONLINE CLASS - The God of Justice: Where Ancient Wisdom Meets Contemporary Longing Join John Dominic Crossan, Peter Enns, Casey Sigmon, Aizaiah Yong, & Malcolm Foley As always, the class is donation-based, including 0. INFO & Sign-Up at www.FaithAndPolitics.net Theology Beer Camp is a unique three-day conference that brings together of theology nerds and craft beer for a blend of intellectual engagement, community building, and fun. Guests this year include John Dominic Crossan, Kelly Brown Douglas, Philip Clayton, Stacey Floyd-Thomas, Jeffery Pugh, Juan Floyd-Thomas, Andy Root, Grace Ji-Sun Kim, Noreen Herzfeld, Reggie Williams, Casper ter Kuile, and more! Get info and tickets here. _____________________ This podcast is a Homebrewed Christianity production. Follow the Homebrewed Christianity, Theology Nerd Throwdown, & The Rise of Bonhoeffer podcasts for more theological goodness for your earbuds. Join over 75,000 other people by joining our Substack - Process This! Get instant access to over 50 classes at www.TheologyClass.com Follow the podcast, drop a review, send feedback/questions or become a member of the HBC Community. Learn more about your ad choices. Visit megaphone.fm/adchoices
Yes, you are enslaved, always have been. $ BTC 117,394 Block height 917,251 Today's guest on the show is Author Neal Flesher, who joins me to talk about how every one of us has been enslaved against our knowledge. Neal's book Modern Chains guides you through the history and definition of slavery. It is not hyperbole to label us all slaves; it is philosophically and literally true. First, you have to understand how and why, before you can conclude for yourself how you have been coerced with debasement and usury and how to escape it. You can follow Neal on X here: @NealFlesher NOSTR - npub18zsu6xlfpwdgnrfyzhwpq80ssu83tdew5g7dkzkl4tavsrgzl5yslzlyv6 Find Neal's book here: https://www.modernchains.com/ Check out my book ‘Choose Life' - https://bitcoinbook.shop/search?q=prince ALL LINKS HERE - FOR DISCOUNTS AND OFFERS - https://vida.page/princey - https://linktr.ee/princey21m Pleb Service Announcements: Join 18 thousand Bitcoiners on @orangepillapp https://signup.theorangepillapp.com/opa/princey Support the pod via @fountain_app -https://fountain.fm/show/2oJTnUm5VKs3xmSVdf5n The Once Bitten YouTube Channel: https://www.youtube.com/@Princey21m The Bitcoin And Show: https://www.bitcoinandshow.com/ https://fountain.fm/show/eK5XaSb3UaLRavU3lYrI Shills and Mench's: CONFERENCES 2025: BULGARIA - SOFIA - 18th - 19th October 2025 https://www.btcbalkans.com/ USE CODE BITTEN - 10% BITFEST - MANCHESTER - ENGLAND - 21st - 23rd November 2025. https://bitfest.uk/ - USE CODE BITTEN - 10% BTC JAPAN - TPKYO - 23rd - 24th November. https://btc-jpn.com/en USE CODE BITTEN - 10% PAY WITH FLASH. Accept Bitcoin on your website or platform with no-code and low-code integrations. https://paywithflash.com/ RELAI - STACK SATS - www.relai.me/Bitten Use Code BITTEN SWAN BITCOIN - www.swan.com/bitten BITBOX - SELF CUSTODY YOUR BITCOIN - www.bitbox.swiss/bitten Use Code BITTEN BUBBL - Curate your Podcast listening. https://bubbl.fm?via=Bitten Never miss another life-changing Bitcoin story! AURA by Bubbl.fm monitors thousands of podcasts 24/7 to find every conversation about Bitcoin adoption, investment strategies, and real-world success stories—delivering only the moments that matter. Set your topics (Bitcoin for families, inflation hedging, self-custody, Lightning Network, regulatory updates) and let AURA surface insights from Bitcoiners and experts you haven't even discovered yet. You'll find shows like Once Bitten, with our branded search portal, full transcripts, with easy to clip and share tools. Transform 10,000 hours of Bitcoin content into 10 minutes of relevant insights. ZAPRITE - https://zaprite.com/bitten - Invoicing and accounting for Bitcoiners - Save $40 KONSENSUS NETWORK - Buy bitcoin books in different languages. Use code BITTEN for 10% discount - https://bitcoinbook.shop?ref=bitten SEEDOR STEEL PLATE BACK-UP - @seedor_io use the code BITTEN for a 5% discount. www.seedor.io/BITTEN SATSBACK - Shop online and earn back sats! https://satsback.com/register/5AxjyPRZV8PNJGlM HEATBIT - Home Bitcoin mining - https://www.heatbit.com/?ref=DANIELPRINCE - Use code BITTEN. CRYPTOTAG STEEL PLATE BACK-UP https://cryptotag.io - USE CODE BITTEN for 10% discount. PLEBEIAN MARKET - BUY AND SELL STUFF FOR SATS; https://plebeian.market/ @PlebeianMarket
In this episode of Pekingology, CSIS Senior Fellow Henrietta Levin is joined by Dinny McMahon, Head of China Markets Research at Trivium China, and Andrew Polk, Co-Founder and Head of Economic Research at Trivium China. Dinny and Andrew discuss their new Freeman Chair report,China's Economic Transition: Debt, Demography, Deglobalization, and Scenarios for 2035. The conversation unpacks the structural challenges facing China's economy, why the next decade will be decisive in whether China can escape the middle-income trap, and who really matters when it comes to economic policy-making in Beijing.
Let's talk about two red flag economic questions....
We continue to build on the idea that white Christian nationalism is, was and has always been the foundation of this country. To suggest otherwise is to be both ahistorical and absent in our politics today. The violent response to a concept so utterly innocuous such as “Black lives matter” should tell us everything. Before it was a movement (of sorts) it was a simple statement. But the reality is that they don’t. We need to stop calling it “Trump’s America” and just call it what it is. America. Resources The Ezra Klein Show: Ta-Nehisi Coates and Ezra Klein Hash Out Their Charlie Kirk Disagreement New York Times: Charlie Kirk Was Practicing Politics the Right Way Democracy Now!: Project 2025 Co-Author Lays Out "Radical Agenda" for Next Trump Term in Undercover Video Hudson Bay Capital: A User’s Guide to Restructuring the Global Trading System Manhattan Institute: Reform the Federal Reserve’s Governance to Deliver Better Monetary Outcomes -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, TikTok and Instagram at @UNFTRpod. Visit us online at unftr.com. Join our Discord at unftr.com/discord. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is hosted by Max and distributed by 99.Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.
Morgan Stanley's chief economists discuss how policymakers in China, Japan and the European Union are addressing slower growth, deflation or the return of inflationary pressures. Read more insights from Morgan Stanley.----- Transcript ----- Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist.Well, a lot has changed since the second quarter and the last time we did one of these around the world economics roundtable. After an extended pause, the United States Federal Reserve started cutting rates again. Europe's recovery is showing, well, some mixed signals. And in Asia, there's once again increasing reliance on policy support to keep growth on track.Today for the first part of a two-part conversation, I'm going to engage with Chetan Ahya, our Chief Asia economist, and Jens Eisenschmidt, our Chief Europe economist, to really get into a conversation about what's going on in the economy around the world.It's Tuesday, September 30th at 10am in New York.Jens Eisenschmidt: And 4pm in Frankfurt.Chetan Ahya: And 10pm in HongSeth Carpenter: So, it's getting to be the end of the third quarter, and the narrative around the world is still quite murky from my perspective. The Fed has delivered on a rate cut. The ECB has decided that maybe disinflation is over. And in Asia, China's policymakers are trying to lean in and push policy to right the wrongs of deflation in that economy.I want to get into some of the real hard questions that investors around the world are asking in terms of what's going on in the economy, how it's working out, and what we should look for. So, Chetan, if I can actually start with you. One of the terms that we've heard a lot coming out of China is the anti-involution policy.Can you just lay out briefly for us, what do we mean when we say the anti-involution policy in China?Chetan Ahya: Well, the anti-evolution policy is a response to China's excess capacity and persistent deflation challenge. And in China's context, involution refers to the dynamic where producers compete excessively, resulting in aggressive price cuts and diminishing returns on capital employed. And look, at the heart of this deflation challenge is China's approach of maintaining high real GDP growth with more investment in manufacturing and infrastructure when aggregate demand slows. And in the past few years, policy makers push for investment in manufacturing and infrastructure to offset the sharp slow down in property sector.And as a result, a number of industry sectors now have large excess capacities, explaining this persistent deflationary environment. And after close to two and a half years of deflation, policy makers are recognizing that deflation is not good for the corporate sector, households and the government. And from the past experience, we know that when policymakers in China signal a clear intention, it will be followed up by an intensification of policy efforts to cut capacity in select sectors. However, we think moving economy out of deflation will be challenging. These supply reduction efforts may be helpful but will not be sufficient on their own. And this time for a sustainable solution to deflation problem, we think a pivot is needed – supporting consumption via systematic efforts to increase social welfare spending, particularly targeted towards migrant workers in urban China and rural poor. But we are not optimistic that this solution will be implemented in scale.Seth Carpenter: So that makes sense because in the past when we've been talking about the issue of deflation in China, it's essentially this mismatch between the amount of demand in the economy not being sufficient to match the supply. As you said, you and your team have been thinking that the best solution here would be to increase demand, and instead what the policymakers are doing is reducing supply.So, if you don't think this change in policy, this anti-evolution policy is sufficient to break this deflation cycle – what do you see as the most likely outcome for economic growth in China this year and next?Chetan Ahya: So, this year we expect GDP growth to be around 4.7 percent, which implies that in the back half of the year you'll see growth slowing down to around 4.5 percent because we already grew at 5.2 in the first half. And, going forward we think that, you know, you should be looking more at normal GDP growth set because as we just discussed deflation is a key challenge.So, while we have real GDP growth at 4.7 for 2025, normal GDP growth is going to be 4 percent. And next year, again, we think normal GDP growth will be in that range of 4 percent.Seth Carpenter: That whole spiral of deflation – it's sort of interesting, Japan as an economy has broken that sort of stagnation or disinflation spiral that it was in for 25 years. We've been writing for a long time about the reflation story going on in Japan. Let me ask you, our forecast has been that the reflationary dynamic is there. It's embedded, it's not going away anytime. But, on the other hand, we basically see the Bank of Japan as on hold, not just for the rest of this year, but for all of next year as well.Can you let us know a little bit about what's going on with Japan and why we don't think the Bank of Japan might raise interest rates anytime soon?Chetan Ahya: So, Seth, at the outset, we think BoJ needs still some more time to be sure that we are on that virtuous cycle of rising prices and wages. Yes, both prices and wages have gone up. But it is very clear from the data that a large part of this rise in prices can be attributed to currency depreciation and supply side factors, such as higher energy prices earlier, and food prices now. And similarly, currency depreciation has also played a role in lifting corporate profits, which then has allowed the corporate sector to increase wages.So, if you look at the drivers to rise in prices and wage growth as of now, we think that demand has not really played a big role. To just establish that point, if you look at Japan's GDP, it's just about 1 percent higher than pre-COVID on a real basis. And if you look at Japan's consumption, real consumption trend, it's still 1 percent below pre-COVID levels.So, we think BoJ still needs more time. And just to add one more point on this. BoJ is also conscious about what tariffs will do to Japan's exports, and economy; and therefore, they want to wait for some more time to see the evidence that demand also picks up before they take up a policy rate hike.Seth Carpenter: So, one economy in deflation and policy is probably not enough to prevent it. Another economy that's got reflation, but a very cautious central bank who wants to make sure it continues. Jens, let's pivot now to Europe because at the last policy meeting, President Lagarde of the ECB said pretty, pretty strongly that she thinks the disinflationary process in Europe has come to an end. And that the ECB is basically on hold at this point going forward.Do you agree with her assessment? Do you think she's got it right? You think she's got it wrong? How could she be wrong, if she's wrong? And what's your outlook for the ECB?Jens Eisenschmidt: Yeah, there a ton of questions here. I think I was also struck by the statement as you were. I think there is probably – that's at least my interpretation – a reference here to – Okay, we have come down a long way in terms of inflation in the Euro area. Rather being at 10 percent at some point in the past and now basically at target. And we think; I mean, we just got the data actually, for September in. It's more or less in line with what we had expected up again to 2.3. But that's really it. And then from here it's really down.Very good reasons to believe this will be the case. We have actually inflation below target next year, and the ECB agrees. So that's why I think she can't have made reference to what Liza had because the ECB itself is predicting that inflation from here will fall. So, I think it's really probably rather description of the way traveled. And then there may be some nuances here in the policy prescription forward.So, for now we think inflation will undershoot the target. And we think this undershoot has good chances to extend well into the medium term. So that's the famous 2027 forecast. The ECB in its last installment of the forecast in September doesn't disagree. Or it's actually, in theory at least, in agreement because it has a 1.9 here for 2027. So, it's also below target.But when asked about that at the press conference, the President said, yes, it's actually, very close to 2. So, it really cannot be really distinguished here. So, from that perspective, policy makers probably want to wait it out. In particular for the October meeting, which is not a forecast meeting, we don't expect any change.And then the focus of attention is really on the December meeting with the new forecast. What will 2028 show in their forecast for inflation? And will the 1.9 in [20]27 actually be rather 1.8? In which case I think the discussion on further cuts will heat up. We have a cut for December, and we have another one for March.Seth Carpenter: Of course, very often one of the things that drives inflation is overall economic growth and a key determinant of economic growth tends to be fiscal policy. And there we've got two big economies very much in the headlines right now. Germany, on the one hand, with plans to increase spending both on infrastructure and on defense spending. And then France, who's seen lots of instability, shall we say, with the government as they try to come up with a plan for fiscal consolidation.So, with those two economies in mind, can you walk us through what is the fiscal outlook for Germany, in particular? Is it going to be enough to stimulate overall growth in Europe? And then for France, are they going to be able to get the fiscal consolidation that they're looking for? How do you see those two economies evolving in terms of fiscal policy?Jens Eisenschmidt: Yeah, it's of course neither black or white, as you know. I think here we really look into the German case specifically, as the clear case where fiscal stimulus will happen. It may just not happen as quickly, and it's a very trade open economy. So, it's very much exposed to the current headwinds coming out of China for one. Or also U.S. tariffs. So, from that we conclude our net-net is actually, yes, there is textbook fiscal stimulus. So, basically domestic demand replacing less foreign demand.So that's fine, but just not enough. We see essentially better growth in Germany, but that's more cyclically driven. But it was; it just would not be enough for what you would normally think given the size of the fiscal stimulus, which is enormous. But it will also take some time, this fiscal stimulus to unfold.On the other side in France, as you rightly ask, how much consolidation are we going to get? I think the answer has to be very likely less than what the last – or the previous Prime Minister has had planned. So, all in all, that gets us into a situation of a country that lacks a clear economic policy structure, a clear governance structure; tries to – on a very fragile parliamentary majority – tries to consolidate the budget. Probably gets less consolidation going forward than what would be desirable. And, you know, here is sort of – not really...It's been muddling through a little bit. This is probably a good description of the approach here in France, and we actually have on the lack of a clear economic policy agenda and still some fiscal consolidation. We have actually lackluster growth in France for this year and next.Seth Carpenter: Okay, so what I'm hearing you saying is inflation seems likely to come down and probably undershoot their target causing President Lagarde and the ECB to reconsider how many cuts they're going to do. And then growth probably isn't going to be as stimulated by fiscal policy as I think lots of people in markets are hoping for.Chetan, Jens, thanks for joining us.And to the listeners, thank you for listening. Be sure to turn in tomorrow where I'm going to put Michael Gapen, Morgan Stanley's Chief U.S. Economist on the hot seat, talk about the U.S. and maybe one or two more economies around the world.And if you enjoy this show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or a colleague today.
Steve Forbes breaks down why Argentina's economic turmoil, and the shocking political crises facing its President Javier Milei, could spell serious trouble for the United States—and explains what President Trump must do fast. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
© 2020-2025 Ivy Podcast Discovery LLC
