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Our Global Chief Economist Seth Carpenter concludes the two-part discussion with chief regional economists Michael Gapen, Jens Eisenschmidt and Chetan Ahya on the second order effects of the energy shock from tensions in the Middle East.Read more insights from Morgan Stanley.----- Transcript -----Seth Carpenter: Welcome to Thoughts in the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. And once again, I am joined by Morgan Stanley's chief regional economists: Michael Gapen, Chief U.S. Economist, Chetan Ahya, the Chief Asia Economist, and Jens Eisenschmidt, our Chief Europe Economist. Yesterday we focused on the immediate impact of the Iran conflict, how the energy shock is feeding through into inflation, and, as a result, shaping central bank decisions across the U.S., Europe, and Asia.Today we're going to go a level deeper and talk about some structural issues in the global economy. It's Wednesday, April 15th at 10am in New York. Jens Eisenschmidt: And 3pm in London. Chetan Ahya: And 10pm in Hong Kong. Seth Carpenter: So, even as we're waiting to see whether or not oil prices stabilize following a temporary ceasefire – or not – the broader effects are still working their way through the global economy. Labor markets, supply chains, and then, of course, back to the more longer-term structural themes like AI driven growth. So, the question, I think, has to be: what does this shock mean, if anything, for the next phase of global growth? And does it reshape it? Does it change it, or do we just wait for things to go through? Mike, let me come to you first. One risk that we've been focusing on is whether this kind of shock really changes some of the structural positives in the U.S. economy. The U.S. has been, I would say, outperforming in lots of ways. We've had this AI driven CapEx cycle. We've had rising productivity; we've had strong consumer spending. What are you seeing in the data about those more structural trends? Michael Gapen: I think what we're seeing in the data right now is evidence that oil is not disrupting the positive structural trends in the U.S. I think AI CapEx spending is largely orthogonal to what we've seen so far. It doesn't mean that we can't see negative effects, particularly if oil rises to say $150 a barrel or more where we think you might see significant demand destruction. But with oil where it is right now, I would say the evidence is it will probably weigh on consumption. Gasoline prices are higher. It's going to squeeze lower- and middle-income households that way. But so far, the labor market appears to be holding up. And business spending around CapEx seems to be holding up. And the productivity story remains in place. So right now, I'd say this is more of a break on consumer spending, maybe a modest headwind. But not an outright hard stop. And I think those positive structural elements and AI-related CapEx spending are going to stay with us in 2026. Seth Carpenter: I hear in your answer part of what for me is always the most uncomfortable part of these conversations. Where I have to come back to say, ‘But of course it depends on how things evolve…' Michael Gapen: Of course, It depends… Seth Carpenter: So, then let me push you on AI specifically. You and your team have published a few pieces recently about AI. How AI is affecting the labor market, and maybe some hints as to how AI is likely to affect the labor market. So how should we think about that? Michael Gapen: While it's still too early, I think, to draw firm conclusions, Seth, we do find that there's some evidence that AI is pushing unemployment rates higher in specific occupations that are exposed to task replacement. So, what we did do is we broke down the data by occupation, and it's clear that the unemployment rate has been rising. But that's just a general feature of the economy at this point in time. Over the last 18 to 24 months, the unemployment rate has gone higher. So, what we did is a second-round effort at kind of controlling for cyclicality. And when you control for those, we do find evidence that the unemployment rate for occupations that have high exposure to AI is higher than you would expect, given the cyclical performance of the economy. But the effect is really small. It's maybe about 1/10th on the unemployment rate. So, I don't want to be too Pollyannish and say, ‘Oh, there's no evidence here that AI is disrupting the labor market.' We'd say that there is some evidence there. But, so far, it's mild and it's modest. It's a little more micro than it is macro. So, we'll see how this evolves. But that would be our initial conclusion so far. Seth Carpenter: So, Mike, that's super helpful. When I think about the AI investment cycle, though, I have to come back to Asia because a lot of the AI supply chain is there in Asia, especially with semiconductors and others. But there's lots of supply chain around the world. So, Chetan, if I think about different supply chains, different industries in Asia that are at risk, potentially being disrupted by the current shock, where do you focus? And then take a step further and tell me if you see a risk that there's a structural dislocation going on here in any of these sectors? Chetan Ahya: So, Seth, there are two relevant points here from Asia supply chain perspective, particularly the tech sector. Number one, there are some concerns on the supply side issues in the context of helium and sulfur. But from what we see as of today, these companies who need that helium and sulfur are able to pay up. As you would appreciate, this is a sector which is, you know, making a lot of money for those economies, i.e. Korea and Taiwan. And they are able to bid up on gas prices, sulfur, and helium, and still managing their production lines. So, we don't see a supply constraint as of now for their production, but there will be an implication for them if you do see damage on U.S. growth, which is quite meaningful. At the end of the day, these sectors are deep cyclical sectors. But if you do see that, you know, scenario of $150 of oil price and it brings global economy to near recession, then there will be implication for these companies and sectors in Asia as well. Seth Carpenter: All right, so Jens, let me bring it to you then. Because when I think about Europe, I think about a couple things. One, kind of, the intersection of energy vulnerability now markets pricing in tighter policy, industrial exposure, which has been going on for a long time. Takes us back in lots of ways to the energy price shock that started in 2021 and went through all of 2022, where we did see, I think, a hit to European manufacturing that had kind of a long tail to it. So, when you think about the current situation, what do you think this shock means for the medium term? How much of an effect do you think this energy price shock could have on the European economy going out a couple of years?Jens Eisenschmidt: Yeah, I mean, just listening to you guys, I mean, really makes me a little bit more depressed still, in terms of being European economist here. Because I mean, it seems America, well, they have the same energy shock, but at least they have AI. In Asia while they have the same energy shock, but at least they have something to deliver into AI. Europe just has the shock, right? So, in some sense there could be one summary.No, but I mean, going back to the comparison and the question. Of course, we have downgraded, as I said yesterday, our growth outlook. And that's predominantly on simply inflation high that is not great for consumption. Consumption is 50 percent of GDP. So, you want to take down a little bit your forecast and your optimism. And then – to your point – where does this leave Europe? We do have already less energy intense manufacturing than before. So, not sure if you'll see much more, or much further downward pressure on this sector. But, of course, it is an uphill battle from here to get back. To get this industrial renaissance back that to some extent the Germans at least are hoping for. In our growth outlook and our growth revisions, we looked into differentiated impacts. And, of course, one of these impacts is through trade. And again, the backdrop here probably globally is not great for trade – as at least you would not want to be super optimistic in that current backdrop. And that will hurt again Europe. So, to your question, we have an outlook, which is still positive growth; but much more muted than say, a month ago or two. Seth Carpenter: Can I push you then a little bit and say that this shock to the European economy then isn't just a cyclical hit. There's probably an additional sort of structural headwind that might get introduced on the heels of, say, the earlier 2021-2022 energy shock? Jens Eisenschmidt: I would say it's the same thing. It's just a reminder that this is still there, right? Europe needs to, kind of, find ways… I think it's best exemplified by the German economy, who was exporting to the rest of the world. And now it looks like as if China has taken over that role. And so, you have to find a new business model, simply speaking, because the ice cream shop next door is just better than you. And so, this is something, what the European economy has just gotten another reminder, and it came through energy, in particular. So, this is where the similarities are. So that was a [20]22 shock. In the meantime, oil prices had nicely retraced, gas prices had nicely retraced. We have new contracts with different suppliers. But still, I mean, the high energy prices expose us here. Because we are already a continent with very high electricity prices, which are derived from the fossil fuels. And so that is not going to end. And so, the continent really urgently has to address that weakness, that structural weakness. And so yeah, in that sense it's structural. Seth Carpenter: Let me pull this together for maybe a final question for each of you. And I'd love it if you could just answer really quickly. Quick fire answers here. We've got a baseline scenario where energy prices are high. Oil is back up a little bit over $100 a barrel. But I think we, and most of the market, are assuming oil prices gradually come down later this year. Mike, what's the prognosis for the U.S. economy? If instead oil prices skyrocket, say they go through $150 a barrel for a couple of months in a row. Michael Gapen: So, the risk there, Seth, is that you do get significant demand destruction. It's not just a gasoline price story for the consumer. It's about weak asset markets. It's about a pullback in hiring. So, at $150 a barrel or more, I would be afraid about recession risk in the U.S. The U.S. is well positioned to handle an oil price shock, but it also has limits. Seth Carpenter: Got it. Jens, suppose instead we had a rapid de-escalation and all of a sudden in the next two months, oil prices are backed down to say $80 a barrel or so. How much of the damage that you envision for the European economy is already baked in the cake? And how much of it goes away if oil prices retrace over the next two months? Jens Eisenschmidt: I would say a lot for this year is baked in the cake to use your words. While next year, we would be basically back to where we had been before in numbers. 1.2 instead of the 0.9 we are seeing currently. And importantly, the ECB could stay. It would not have to hike into that crisis. Seth Carpenter: So, Chetan, , let me come back to you then to wrap up this whole conversation. We've talked about energy mostly in terms of price, but as we've discussed there is the quantity side of things. So, do you think there's a non-linearity? Is there something that's going to just fundamentally change if instead of the rationing being done by price, we get to a point where there's just simply no supply coming to Asia? Chetan Ahya: Yeah, I think that's a very real risk, and that's particularly more important for Asia because there's a lot of dependence on Middle East, and both gas and oil coming in through the Strait of Hormuz. So yeah, I think there is a risk of non-linearity on Asia's growth dynamics if you see supply shortages. Seth Carpenter: Super helpful. I think that's a great place to leave it. What started as a geopolitical shock is now evolving into something broader, touching everything from inflation, interest rates, possibly productivity and technology investment, and clearly global trade. So, Mike, Chetan, Jens, thank you all for coming to help connect these dots. And to the listener, thank you for listening. If you enjoy the show, please leave us a review wherever you listen to podcasts and share Thoughts on the Market with a friend or a colleague today.

In this first of a two-part discussion, our Global Chief Economist Seth Carpenter leads a discussion with chief regional economists Michael Gapen, Jens Eisenschmidt and Chetan Ahya on impacts of the conflict in Iran and how central banks are responding.Read more insights from Morgan Stanley.----- Transcript -----Seth Carpenter: Welcome to Thoughts in the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. And today we're going to kick off our quarterly economic roundtable. And this is where we try to step back a little bit from the headlines and the day-to-day changes in markets and try to put the global picture together and frame it for you. In the first of this two-part discussion, we're going to cover the implications of the oil price shock for energy, inflation, and for central bank policy. As always, I'm joined by the Chief Regional Economists here at Morgan Stanley. I've got Michael Gapen, our Chief U.S. Economist, Chetan Ahya, our Chief Asia Economist, and Jens Eisenschmidt, our Chief Europe Economist. It's Tuesday, April 14th at 10am in New York. Jens Eisenschmidt: And 3pm in London. Chetan Ahya: And 10pm in Hong Kong. Seth Carpenter: So, let's just jump right into this. Over the past several weeks, global markets have been dominated by one story. The escalation, de-escalation, the news flow back and forth about the conflict in Iran and the ripple across energy markets, inflation, and growth. Our view has been that even if we don't see another huge leg up in the price of energy and another surge in volatility across financial markets, the persistence of the shock in terms of disrupted supply will be at least as important, if not more so for markets. So, let me start here in the U.S., Mike. You and I have each had lots of conversations with clients about how the Fed's going to react. Market pricing moved a lot before, has retraced, and now is kind of looking at no change in policy for this year, give or take. Your baseline remains that the Fed will have an easing bias and that we'll end up with a couple of cuts later this year. Can you walk us through that thinking, and also where the debate is with clients? Michael Gapen: Sure. So, the evidence in the data… This goes back, let's call it several decades now – that oil price shocks in the U.S. do tend to push headline inflation higher by definition. But they have very limited second round effects on core inflation. And the higher oil prices go, the more likely it is that you get some demand destruction, some weakness in spending, maybe even some weakness in hiring. So, there is a bit of a non-linearity here. In our baseline where oil is elevated, but let's say not excessively high, I can completely buy the argument that the Fed is on hold assessing the evolution of the data and wondering are there second round effects on inflation? Or is this weakening demand? So, Seth, our view is that the Fed is right in its assessment that tariff passed through to goods prices will eventually moderate. And that the oil price effect on headline will diminish. And later this year, core inflation moderates. That should open the door for the Fed to cut two times this year. I do think that the wrong thing to do in this situation is to raise rates into this… Seth Carpenter: I agree with you. Michael Gapen: Yeah. So, I think it's… The Fed's on hold or their cutting. If we're right on where inflation goes, that can open the door to cuts. But to your point, where is the investor debate right now? I think the knee jerk reaction from markets is – the Fed's on the sideline, for, let's call it the foreseeable future. Which as you noted in this market is day-to-day headline to headline. And the Fed will assess where to go later this year. We think they can cut. But I think in general, the Fed is either on hold or cutting. I think the wrong thing to do right now is raise rates. Jens Eisenschmidt: Yeah, let me jump in maybe here from Europe where in theory it's the same problem. Just that the answer that the central bank is likely to give in Europe is slightly different from the one in the U.S. So, the debate we have with clients is not so much about whether or not the ECB is going to hike rates. It's more about how much it will do or have to do this. I mean, again, it has a lot to do with the way oil prices in the end, end up trading. It will be a lot more inflation or less. But it has also to do with the way the mandates are constructed. So, the ECB really has a single inflation mandate and not a dual mandate like the Fed in the case of the U.S. So, there's much more attention on inflation. Next to that, we have stronger second round effects. Historically, we know that from the data. So, it's clear and understandable why ECB policy makers all came out cautioning against that inflation coming, and sort of mulling what had to be done there. We had some leaks out of the governing council meeting in March that maybe [in] April, you've already seen rate hikes. We pushed strongly back against that notion. Since then, we had other policy makers coming out agreeing to that. Yet we likely have a discussion in the June meeting that may lead to a rate hike. We currently forecast a rate hike in June and one in September. Seth Carpenter: What about the growth risks to the euro area? Is that part of why you think the hikes might come later? Is that part of why the ECB might only hike two times this year? How do you think about the growth risks for the euro area in addition to the inflation risks? Jens Eisenschmidt: Yeah, no, I think that's a fair question. We have just updated our growth outlook for this year. Next, we've downgraded growth, obviously. Again, all of that is dependent on the scenario in the end we are in. For now, we assume a scenario of elevated oil prices for this year, but then they will retrace. Now the ECB will look at that in a very similar fashion. So first of all, they will have their new projections. They will see whether there is any hope, reasonable hope that we go back to close to target inflation. Mind you, we were below target, started the year on a very good footing here. And now are projecting we will more or less come out at above 3 percent this year and 2.4 next. Both are above the 2 percent target. That already factors in a mild hit to growth. And I think here is really the crux of the matter. If the ECB has to see a more dramatic downward revision of its growth outlook, they may as well hold a little bit more back with rate hikes. At the same time, for now, all the indications are that the hit to growth will be relatively mild and herein lies if you want the basis for the rate hikes. It's a bit of a signaling device. It's a bit of lowering growth, but not really as much. It's not – we see a central bank leaning strongly against inflation. We are seeing them mildly leaning against it in a bid to stabilize inflation expectations mainly.Seth Carpenter: Alright, that's super helpful. Chetan, I'm going to come to you because we've talked with Mike and with Jens about the inflationary side of things and the growth side of things. But when I think about energy and Asia, I think of Asia as being a bit more exposed than other big economies, definitely relative to the United States. And I think about a lot of sensitivity, not just to the consumer, but also to manufacturing. So how are you thinking about the exposure across your region, across Asia to this energy shock? Where are the biggest risks? Chetan Ahya: So, Seth, first of all, I agree with you. I think Asia is the most exposed region. The best metric for assessing that is how much is the net oil imports of each of the regions in the world. And Asia is at around 2 percent of GDP. Europe is around 1.5 percent of GDP and U.S. is actually a minor surplus. Now in terms of the transmission of this shock to growth, there are two elements to be considered. One is the price of oil and gas, and second is the supply shortages. And in fact, all my life when I have been doing this work of modeling on oil shocks to growth transmission, we've never had to really think about supply shortages. We've always been considering oil price increase and its impact. But in this cycle, we have to also consider the supply shortages. So, when you consider both these factors, we think that there will be a meaningful growth damage to Asia from the evidence of oil price increase and gas supply shortages that we have seen so far. And we have just reduced our growth estimates for the region from 4.8 percent to 4.4 percent. Mind you, first quarter was fine. So, this is all on account of the last three-quarters growth damage. And we are assuming that there will some kind of normalcy that we see in ships transiting through the Strait of Hormuz. And we are resuming oil prices average around $110 in second quarter and then come down to $90. So, in that sense, our base case is still expecting some kind of a resolution very soon. But if that doesn't materialize and you see oil prices rising up to $150, then we think region will take a much bigger hit and growth will come down to 3.9 percent in 2026. Seth Carpenter: So, Chetan, you've made a couple of really good points there. One I want to highlight is the difference between the quantities and the prices. I would say as economists, as people in markets, we're used to thinking about oil shocks as just about the price of oil and how that transmits through.But I do think there's a real risk now, given the virtual shutdown of traffic through the Strait of Hormuz that we see physical shortages. And across different Asian economies, we have seen rationing already come into place. So, when you look across the region, how would you rank the specific economies that are most exposed? Especially if we have to think about physical shortages. Chetan Ahya: Yeah, right. Seth. So, we've considered both the aspects, price effect as well as the supply shortages. And on that basis, we rank India, Taiwan, Thailand, Korea and Philippines are the ones which are most exposed. And on the other hand, China and Malaysia are least exposed. Japan and Australia are moderately exposed. Seth Carpenter: Yeah, and that makes a lot of sense. But I can't let you get away from the discussion on Asia without thinking about China. What are you thinking specifically about China? How exposed is it? What's going to happen with growth there? And you know, one of the themes, you and Robin Xing, our Chief China Economist, had been talking about now for over a year is the deflationary cycle in China. So how should we think about the effects in China? Chetan Ahya: So, I think, yeah, China is uniquely positioned in this cycle. We are expecting China's growth to be down by just 10 basis points. So, it almost is as if there is not much damage to China's growth estimates that we have made. And the reason why we see little damage in China's growth numbers is because of two reasons. Number one is that their net oil imports are relatively low. And second is that they have a lot of control on their supply chain. So, for example, they have coal gasification facility. So, when crude oil prices rise above $100, they can activate this coal gasification facility and use that for all the areas where you can use fuel. And they are also quite good in terms of their own electricity distribution management. They have a lot of surplus thermal power capacity. They have a lot of surplus solar electricity capacity. So, they're able to toggle between gas-based electricity supply into coal and solar. So that gives them a lot of leeway to manage the shock and not have much growth damage. Onto your second point on the impact on its deflationary situation. We think that there will be a rise in prices in China because of the input price increase. We still won't call that as winning this deflation challenge that China has been going through over the last three years. For us, if you want to have true sustainable reflation, you should see consumption demand picking up. At the same time, you should see improvement in corporate margins. And neither of those will happen when you have a rise in inflation because of rise in input prices.Seth Carpenter: Yeah, that makes a lot of sense. As always China is an interesting but complicated story. So maybe this is a good place to stop for today.We focused on the immediate effects of the shock, higher energy prices, central bank reaction. Tomorrow, I think we'll be able to dig in deeper into some of the second order effects, and then also ask the question, where are we going from here? What's going to happen to labor markets productivity – the more structural questions. So, Mike Chetan, Jens, thank you so much for joining today. And to the listener, thank you for listening. And be sure to tune in tomorrow for part two of our conversation. And if you enjoy this show, please leave us a review wherever you listen to podcasts and share Thoughts on the Market with a friend or a colleague today.

Welcome to the Monday Breakfast show for Monday the 25th of August 2025. On today's show: - First up we were joined by Nic Fox from the Warbuton Environment Centre telling us about the upcoming case against DEECA fighting for the protection of old growth trees. To support this case click here or show up on the day at 9:30 am (to allow time for security screening before the session starts) outside Le Will Café, 305 William Street (directly above Flagstaff Station).The case is expected to run for 7 days, but our priority is showing strength on Day One. Ifyou can't attend on the first day, you're welcome to come another day.Court sits 10:15 am – 1:00 pm and 2:15 pm – 4:15 pm daily. - Following that we spoke with Dr. Carol Booth from the Invasive Species Council about how Treasurer Jim Chalmers' productivity agenda ignores a multi-billion dollar biosecurity blind spot. On the 19th of August the Treasurer gathered the nations economic leaders for a quote unquote 'economic roundtable' to debate bold ideas for lifting productivity. With the escalating costs of invasive species and environmental decline being ignored, the Invasive Species Council have spoken up about the need to fund environmental biosecurity, why it is urgent to include in the productivity reform, and why failing to act will cost tax payers, business, and communities billions.  - We then hear  an excerpt from Episode 1 of a multi-part series produced andpresented by Amy Ciara as part of her fortnightly program(Kill Your Lawn + Kick Your Fence). The series is about a mine proposed on the heritage listedMitchell River on Gunaikurnai country that feeds into theGippsland Lakes, and the various complexities and issuesassociated with the project. To listen to the first part of this series in full, head to3cr.org.au/killyourlawn and you can find some more informationat minefreeglenaladale.org- The show ends with a speech from Mai Saif, a Palestinian woman and long-term community organiser who is a part of Free Palestine Melbourne at yesterday's National Day of Action Free Palestine Rally at the State Library on the 24th of August 2025. Songs played: Charity - Courtney Barnett Community Announcements: - Show up to counter facist and racist groups as they take to the strreets of 'melbourne' in what they've called a 'March For Australia' this Sunday the 31st of August at 11am at the State Library. Stand against fascism and racism here in Naarm. The Communnity Defence Marshalling System are looking for volunteer marshalls to help keep counterprotestors safe. Get in touch with CDMS here. - Join members of the Australian Services Union as they conduct a walk out for Gaza on Wednesday September 10. At 1pm there will be a rally outside the State Library. ASU members are asking all workers to join and show solidarity for Palestine. Find out more about the action here.  

Tinatayang 620,000 permanenteng migrante sa Australia, kabilang ang maraming Pilipino, ang nagtatrabaho sa mga trabahong hindi akma sa kanilang skills o kwalipikasyon. Tinalakay ito sa Economic Roundtable ng pamahalaan kung saan nanawagan ang iba't ibang grupo para sa mas malinaw, mura at patas na proseso ng skills recognition.

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Today's headlines: The Israeli Defense Forces (IDF) has begun its invasion of Gaza City, part of a plan to take control of the entire enclave. Two bodies have been discovered in northern Sydney floodwaters, believed to be a missing father and son. The Federal Government has wrapped up its Economic Roundtable summit. And today’s good news: A new study has captured rare footage showing bats socialising and hugging each other. Hosts: Emma Gillespie and Sam KoslowskiProducer: Elliot Lawry Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.See omnystudio.com/listener for privacy information.

The Shadow Treasurer says he's not attending the Government's economic roundtable to be a bystander.See omnystudio.com/listener for privacy information.

Listen to the Top News of 20/08/2025 from Australia in Hindi.

In today’s episode, Ben O’Shea has an update on obstetrician Rhys Bellinge’s GUILTY plea to fatal Dalkeith crash. Plus, economic roundtable update & a Gero dog escapes death row.See omnystudio.com/listener for privacy information.

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Business groups say initial talks at Labor's "economic roundtable" have been positive. The U-S President says he is no longer interested in brokering a ceasefire between Ukraine and Russia - instead focused on a lasting peace deal. And Sabrina Carpenter is set to perform at this star studded event.See omnystudio.com/listener for privacy information.

Business groups say initial talks at Labor's "economic roundtable" have been positive. The U-S President says he is no longer interested in brokering a ceasefire between Ukraine and Russia - instead focused on a lasting peace deal. And Sabrina Carpenter is set to perform at this star studded event.See omnystudio.com/listener for privacy information.

Business groups say initial talks at Labor's "economic roundtable" have been positive. The U-S President says he is no longer interested in brokering a ceasefire between Ukraine and Russia - instead focused on a lasting peace deal. And Sabrina Carpenter is set to perform at this star studded event.See omnystudio.com/listener for privacy information.

Business executives, union bosses and experts are converging on Parliament House in Canberra for the Federal Government's economic roundtable. But is the three-day gathering just a talkfest, or can we expect genuine economic reform? We hear from the Treasurer, the head of the Productivity Commission, and the boss of the Council of Small Business to find out.See omnystudio.com/listener for privacy information.

The Federal Treasurer says this week's economic roundtable will shape years of policy, Queensland residents could feel aftershocks today, after record earthquake this weekend, Tottenham blitz Burnley three-nil in the Premier League.

The ongoing tensions on trade has already hit the Chinese economy, with growth numbers dropping below their previous marks through July. The government gears up for its big talkfast – with the Economic Roundtable set to get underway in Canberra next week. While nothing can stop the market – with the ASX 200 closing Friday’s session at the highest point its ever been. Email us your thoughts to moneynews@nine.com.au Hosted by: Tom StoreySee omnystudio.com/listener for privacy information.

A focus on reducing red tape and environmental law reform to speed up housing approvals - what the government wants from next week's economic roundtable.

A focus on reducing red tape and environmental law reform to speed up housing approvals - what the government wants from next week's economic roundtable.

Headlines: - Chevron Escapes Cleanup Costs on Barrow Island - Murray-Darling Basin Reports Ecosystem Decline - Gippsland Mining Companies Urged to Pay for Water - Gaza Faces Deadly Diseases Amidst Stalled Humanitarian Aid - Israeli Defense Force Members Questioned at Tomorrowland Festival - Spotify CEO Leads €600 Million Investment in AI Defense Firm HelsingVoices 4 Palestine II hereSenator Faruqui was in the news this week and this is her speech about US bombs dropped on Iran.Recorded by Vivian Langford Climate Action Show 3cr Monday 5pmPublic Housing North Melbourne Picket Report II herePicket at 33 Alfred St, Nth Melbourne on Monday and report on the work being done to halt Vic Homes destruction of Public Housing Towers ending with lock-on to soil sample drill  at 120 Racecourse Rd by Friday afternoon 25th July. Ended with one detained. Public Order Response Team in attendance.Starts with Gabrielle de Vietri (Greens MLC for Richmond)At 33 Alfred St, Nth Melbourne. Finishes with Gabrielle at 120 Racecourse Rd a drill test site.Claire Hanson from the Save Public Housing Collective Interview II hereThe Victorian Labor Government is determined to demolish and privatise public housing and sell off public land to their greedy developer cronies. Over 10,000 residents are set to be displaced, and 6,660 homes are set to be demolished, during an ever-worsening housing crisis. This is an attack on all of us, but will hit First Nations people, asylum seekers, disabled people, and the poor the hardest. This corrupt social cleansing of the city will displace people, push up rent and house prices, and make huge profits for developers. Once public assets are sold off, they are all but lost to the private sector, and the rally on Saturday 2 August at 11am may be the last chance to fully mobilise before the first tower comes down.This is the Week that Was with Kevin Healey II hereThe implacable comrade Kevin Healey keeps us updated with everything thats happened this week in his inimitable style. Don Sutherland from Solidarity Dynamics Interview II hereInterviewing regarding the upcoming Economic Roundtable the government has organised and its implicaitons on the working class, an in depth analysis of the situation as it stands.  

Osman Minkara is a prominent figure in the world of finance and business advisory services. With a background in finance and a wealth of experience in various leadership roles, he has left an indelible mark on the industry thus far. Throughout his career, Osman has demonstrated an exceptional ability to lead and innovate. As the CEO and founder of CIG Capital Advisors, he has been providing valuable business and investment advice since 1997. His leadership at CIG has emphasized wealth management, asset management, alternative investments, and business advisory services, making the firm a respected player in the financial industry. Consistent across all of these: a commitment to helping others through strategic vision and passion to challenge the status quo. His dedication and strategic thinking have played a pivotal role in the success of the organization. Under CIG's alternative investments, Osman has served as the Managing Director of Aldara Medical Corporation, the company behind the development of Aldara Hospital and Medical Center (affiliated with Henry Ford Healthcare). Since its inception, Osman has been at the forefront of shaping Aldara's vision and making it a reality. Osman has contributed his expertise to several boards, including the Oakland County Roundtable, Michigan's Economic Roundtable, The Wayne State University Executive Board, Zeno Corporation, and Aldara Medical Corporation. His educational background includes a Bachelor of Science degree in finance from Wayne State University, an Advanced Management Programme (AMP) from Oxford, and a joint Executive M.B.A. from New York University, London School of Economics, and HEC. Osman has received numerous accolades, such as the Excellence in Arab American Business award from the Lebanese International Business Council (LIBC) and the “”American Arab Professional of the Year Award”” from the American Arab Professional Network, recognizing his outstanding achievements in the field of Finance. He has also shared his financial expertise in interviews with various media outlets, including CBS and ABC. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin Instagram: https://www.instagram.com/thejondwoskinexperience/ Website: https://jondwoskin.com/LinkedIn: https://www.linkedin.com/in/jondwoskin/ Email: jon@jondwoskin.com Get Jon's Book: The Think Big Movement: Grow your business big. Very Big!   Connect with Osman Minkara: Website: Cigcapitaladvisors.com LinkedIn: https://www.linkedin.com/company/cig-capital-advisors Facebook: https://www.facebook.com/cigcapitaladvisors *E – explicit language may be used in this podcast.

Join our first quarterly roundtable where Morgan Stanley's chief economists discuss the outlook for the U.S., Europe, China, and Japan.----- Transcript -----Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. On this special episode of the podcast, we're going to hold a roundtable discussion focusing on Morgan Stanley's global economic outlook for 2024. It's Friday, December 15th at 4 p.m. in London. Ellen Zentner: 11 a.m. in New York. Jens Eisenschmidt: 5 p.m. in Frankfurt. Chetan Ahya: And midnight in Hong Kong. Seth Carpenter: So today I am joined by the leaders of the economics teams in key regions for a roundtable discussion that we're going to start to share each quarter. I'm with Ellen Zentner, our Chief U.S. Economist, Chetan Ahya, our Chief Asia Economist, and Jens Eisenschmidt, our Chief Europe economist. I want to talk with you three about the outlook for the global economy in 2024. Clearly, we're going to need to hit on growth, inflation, and we'll talk about how the various central banks are likely to respond. Let's start with the U.S., Ellen, how do you see the U.S. economy faring next year? What's just like the broad contours of that forecast? Ellen Zentner: Sure. Well, you know, the soft landing call that we've had since early 2022, we're rolling forward into a third year. I think what's important is why do we expect to finally get the slowing in the economy? We think that the fiscal impulse, which has been positive and made the Fed's job harder, is finally overcome by monetary policy lags that overcome and become more of a strain on the economy. We've got a slowing consumer. That's basically because labor demand is slowing and labor income is slowing. But again I think the whole view, the outlook is that the economy is slowing but not falling off a cliff. That's going to lead deflation in core goods to continue and disinflation in services so that inflation is coming down. So the Fed, after having remained on hold for quite some time, we think will start to cut in June of next year and ultimately deliver four rate cuts through the course of the year. And then another 200 basis points as we move through 2025. Jens Eisenschmidt: Yeah, if I can jump in here with a view from Europe. So it's striking how similar and at the same time different the views are here, in the sense that the starting point for Europe is much weaker growth. Yet we also get a big disinflation on the way we see actually euro area inflation ending at the ECBs target, or reaching the ECB target at the fourth quarter of 2024. Now for growth, we do have, as I said, a weak patch we are in. It's actually a technical recession with two negative quarters, Q3 and Q4 and 23. And then we are actually accelerating from there, but not an awful lot. So because we see potential growth very low, but consumption actually is picking up. So that's essentially the opposite in some sense, the flip side, but still very weak growth overall. Seth Carpenter: Okay, Jens. So against that backdrop of your outlook for Europe, what does that mean for the ECB? And in particular, it sort of looks like if the Fed's cutting in June, does the ECB have to wait until the Fed cuts or can it go before the Fed? How are you thinking about policy in Europe? Jens Eisenschmidt: No, I think that's a great question also, because we get that a lot from clients and we get a lot this sort of based on past regularities observation that the ECB will never cut before the Fed. And technically speaking, we have actually now forecast the ECB cutting before the Fed just one week. So they cut in June as well. And I think the issue here is really hardwired in the way we see the disinflation process and the information arriving at the doorstep of the ECB. They are really monitoring wages and are really worried about the wage developments. So they really want to have clarity about Q1 in particular wages, Q1 24. This clarity will only arrive late May, early June. And so June really for them is the first opportunity to cut in the face of weak inflation data. Seth Carpenter: Thanks, Jens. That makes a lot of sense. So if I'm reading you right, though, part of the weakness in Europe, especially in Germany, comes from the weakness in China, which is a target for exports from Germany. So let's turn to you, Chetan. What is the baseline outlook for China? It's been a little bit disappointing. How do you see China evolving in 2024? Chetan Ahya: Well, in our base case, we expect China's GDP growth to improve marginally from an underlying base of 4% in 2023 to 4.2% in 2024, as the effects from coordinated monetary and fiscal easing kicks in. However, a part of the reason why we see only a modest improvement is because the economy is constrained by the three D challenges of high levels of debt, weakening demographics and deflationary pressures. And within that, what will influence the near-term outlook the most is how policymakers will address the deflation challenge. Jens Eisenschmidt: Chetan, I get a lot of clients, though, questioning the outlook for China and thinking that this is quite optimistic. So what is the downside case for China that you have in your forecast? Chetan Ahya: Well in the downside case, we think the risk is China falls into that deflation loop. To recall, in our base case, we expect policymakers to stimulate domestic demand with coordinated monetary and fiscal easing. But if that does not materialize, deflationary pressures will persist, nominal GDP growth and corporate revenue growth will decelerate, Corporate profits will decline, forcing them to cut wage growth. This, against the backdrop of declining property prices, will mean consumers will turn risk averse, leading to the formation of a negative feedback loop. In this scenario, we could see real GDP growth at 2.7% and nominal GDP growth at just about 1%. Seth Carpenter: Wow. That would be a pretty bleak outcome in the downside scenario, Chetan. Maybe if we shift a little bit because we have a pretty compelling story for Japan that there's been a positive structural shift there. Why don't you walk us through the outlook for Japan for next year? Chetan Ahya: Well, we think Japan is entering a new era of higher nominal GDP growth. We expect Japan's nominal GDP growth to be at 3.8% in 2024, compared with the relatively flat trend for decades. The most important driver to this is policymakers concerted effort to deflate the economy with coordinated monetary and fiscal easing. We think Japan has decisively exited deflation, and its underlying inflation should be supported by sustained wage growth. Indeed, we are getting early signals that the wage increase in 2024 could be higher than the 2.1% that we saw in the 2023 spring wage negotiations. Seth Carpenter: Super helpful, Chetan. And it reminds me that a baseline forecast is critical, but thinking about the ways in which we can be wrong is just as important for markets as they think through where things are going to go. So, Ellen, let me turn to you. If we are going to be wrong about our Fed call, what's likely to drive that forecast error and which direction would it most likely be? Ellen Zentner: It's a great question because oftentimes you can get the narrative on the economy right, you can even get the numbers right sometimes, but you can get the Fed reaction function wrong. And so I think what we'll be looking for here is how well Chair Powell sends the message that you can cut rates in line with falling inflation and keep the policy stance just as restrictive. And if that's something that he really gives a full throated view around, then it could lead them to cutting in March, one quarter earlier than we've expected, because inflation has been coming down faster than expected. Jens Eisenschmidt: If I may chime in here for the ECB, I think we have essentially pretty high conviction that this will be June. And that has to do with what I explained before, that there is essentially a cascading of information and for the ECB, the biggest upside risk to inflation is wages. And they really want to have clarity on that. So it would take a much larger fall in inflation that we observe until, say, March for them to really move before June and we think June is it. But of course the latest is inflation that we are getting that was sort of a little bit more than was expected might have or is a risk actually to our 25 basis point cut calls. So it could well be a 50. In particular if we see more of these big prints. Seth Carpenter: Ellen, Chetan, Jens, thanks so much for joining and for everyone listening. Thank you for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or a colleague today.

Men and Marriage. Dr. James Dobson talks to Author George Gilder.  ACU Sunday Series. Men and Marriage - Part 1 and 2 with Guest George Gilder Genesis 2:18 states, “The Lord God said, ‘It is not good for the man to be alone. I will make a helper suitable for him.'” On today's classic edition of Family Talk, Dr. James Dobson interviews economist and author, George Gilder, about his book, Men and Marriage. The two highlight the important role men have in the holy union of husband and wife, and the ongoing effects that relationship has had on our society. About Today's Guest: George Gilder George Gilder is an investor and an economist. A co-founder of the conservative think tank, Discovery Institute, he serves as a senior fellow of the Center on Wealth, Poverty, and Morality, and also directs Discovery Institute's Technology and Democracy Project. Mr. Gilder pioneered the formulation of supply-side economics when he served as chairman of the Lehrman Institute's Economic Roundtable, and as program director for the Manhattan Institute. He is the author of nineteen books, including "Men and Marriage," "Wealth and Poverty," "Knowledge and Power," "The Scandal of Money," and "Life After Google." Mr. Gilder is a contributing editor of Forbes magazine and a frequent writer for The Economist, The American Spectator, the Harvard Business Review, The Wall Street Journal, and other publications. He and his wife, Nini, have four grown children and live in western Massachusetts.   Men and Marriage - Part 1 with Guest George Gilder https://youtu.be/eavKuX8kvOI?si=j0l0dKb7-jYr7qe3   Men and Marriage - Part 2 with Guest George Gilder https://youtu.be/Sn3rkJByxCI?si=DoL89FNJ7WcHrWRp   Dr. James Dobson's Family Talk 50.9K subscribers 2,688 views Jan 11, 2023 Resources Mentioned: "Men and Marriage" book by George Gilder "Dare to Discipline" book by Dr. James C. Dobson 2022 Best of Broadcast CD Collection - https://give.cornerstone.cc/FamilyTal... Discovery Institute - https://www.discovery.org/ For more information and to connect with all resources mentioned – http://drjamesdobson.org/broadcast/20... Family Talk Station Finder – https://www.drjamesdobson.org/radio-s... ----- Visit our website: http://www.drjamesdobson.org Find us on Facebook:   / drjamesdobsonsfamilytalk   Follow us on Twitter:   / drjamesdobsonft   Follow us on Instagram:   / drjamesdobsonft   Listen to Family Talk on Alexa: http://www.drjamesdobson.org/alexa

The Thirty-Ninth Singapore Economic Roundtable: Keynote Speech by Minister Gan Kim Yong by Institute of Policy Studies

Download my new special report - How to Use Inflation to Your Advantage - www.bronsonequity.com/inflation What's happening in today's economy? Welcome to another Economic Roundtable where we discuss these issues with our panel of experts. Jay Martin CEO of Cambridge House and a seasoned investor with a mission to uncover the most lucrative opportunities in the financial world. As the host of 'The Jay Martin Show,' he dissects the minds of thought-leaders worldwide, specializing in money management, geopolitics, macro-finance, commodities, technology, and emerging trends. Jay challenges conventional thinking and investing strategies, aiming to improve lives through financial wisdom. David Morgan A widely recognized analyst in the precious metals industry, sought after by hedge funds, high net worth investors, mining companies, depositories, and bullion dealers. He's the publisher of 'The Morgan Report,' a publication designed to build and secure wealth, and the author of 'The Silver Manifesto.' David's expertise extends to macroeconomics, where he educates people about honest money and the benefits of a sound financial system. In this episode, Jay Martin and David Morgan cover a wide range of topics. They discuss investments in precious metals, the impact of long-term debt on the economy, and the financial implications of rising interest rates. They also delve into investing in the mining industry for NetZero initiatives and explore the opportunities related to global warming. Additionally, they touch upon the benefits of a barbell investment strategy, emphasize the importance of long-term thinking in uncertain times, and provide insights into investing in Canadian real estate and gold. To wrap it up, they share valuable investing advice gathered from the Advanced Real Estate Investing Summit, making this episode a comprehensive source of financial insights. Tune in for essential insights to flourish in today's ever-changing economic landscape! TIMESTAMPS 01:41 - Guest Introduction: Jay Martin and David Morgan 04:54 - Investing in Precious Metals 09:48 - The Impact of Long-Term Debt on the Economy 14:54 - Financial implications of rising interest rates 19:59 - Investing in the Mining Industry for NetZero 24:47 - Investing opportunities and implications of global warming 29:56 - The Benefits of a Barbell Investment Strategy 34:56 - Investing for the long-term 39:55 - Investing in uncertain times 44:50 - Investing in Canadian Real Estate and Gold 49:52 - Investing advice from the Advanced Real Estate Investing Summit 54:49 - Productive meeting to move forward with project 59:31 - Outro Connecting with the Guest: Jay Martin Website: https://cambridgehouse.com/ https://jaymartin.club/ Linkedin: https://www.linkedin.com/in/jay-martin-66257a37/ Instagram: https://www.instagram.com/jaymartinbc/ Youtube: https://www.youtube.com/@TheJayMartinShow/channels Twitter: https://twitter.com/jaymartinbc David Morgan Website: https://www.themorganreport.com/ Linkedin: https://www.linkedin.com/in/thedavidmorgan/ Twitter: https://twitter.com/silverguru22?lang=en Facebook: https://www.facebook.com/TheMorganReport/ Youtube: https://www.youtube.com/user/silverguru #EconomicShift #InvestingInsights #PreciousMetals

Download my new special report - How to Use Inflation to Your Advantage - www.bronsonequity.com/inflation What's happening in the economy right now? For today's economic roundtable episode, we gather three remarkable experts to delve into the current state of the economy and its implications on the financial landscape. Joe Brown, the visionary founder and CEO of Heresy Financial. Not only is he an accomplished entrepreneur, investor, and public speaker, but his popular Youtube channel, Heresy Financial, has guided millions toward financial success with its insightful knowledge on how the financial system operates. Joseph Wang, an experienced financial expert with a strong background in law and finance. With his senior trader experience at the US Federal Reserve, Joseph brings a unique perspective on the economy and the intricacies of the US dollar system. As the author of the renowned book "Central Banking 101" and the mind behind the educational website Fed Guy, his wisdom is highly respected in the finance world. Bridger Pennington, a luminary in both finance and education. As the Co-Founder and CEO of Fund Launch, he has helped countless entrepreneurs kickstart their funds. Furthermore, his role as a Managing Partner and General Partner at Ugly Unicorn, overseeing a $10 million Hedge Fund, showcases his prowess in navigating the financial realm. In this episode, our experts engage in dynamic discussions on what's happening in today's economy. The focus turns to the critical topic of interest rate hikes by the Federal Reserve and the potential consequences they may trigger in the financial system. Moreover, they explore exciting opportunities and asset classes to seize during these economic shifts, providing valuable insights for investors seeking to capitalize on the current market climate. As the episode unfolds, the experts unravel the intricacies of Central Bank digital currency and its potential implications on the financial landscape. Their collective expertise offers a deeper understanding of the evolving financial world, equipping listeners with knowledge to make informed decisions in this dynamic economic environment. Tune in now for an enlightening discussion that will empower your financial journey! TIMESTAMPS 01:21 - Guest Introduction: Joe Brown, Joseph Wang, Bridger Pennington 02:31 - What's happening in the economy 12:30 - A break and what will it be 32:15 - Opportunities and asset classes to take advantage of 41:55 - Central bank digital currency and its implications 56:16 - Outro Connecting with the Guest: Joe Brown Website: https://heresy.financial/ Linkedin: https://www.linkedin.com/in/joseph-brown-5b6155a6/ Youtube: https://www.instagram.com/heresyfinancial/ Joseph Wang Website: https://fedguy.com/ Youtube: https://www.youtube.com/@Fedguy12 Twitter: https://twitter.com/FedGuy12 Bridger Pennington Website: https://www.fundlaunch.com/ Linkedin: https://www.linkedin.com/in/bridger-pennington-670035127/ Instagram: https://www.instagram.com/bridger_pennington/ Youtube: https://www.youtube.com/channel/UC1_NBRSd-yIX6tyg31RzCew Linktree: https://linktr.ee/ifs.links #Economy #Interestrates #RealEstateInvesting

Part of the advice normally prescribed as a “cure” to homelessness is getting a job. But what happens when the work people do still isn’t enough to afford a place to live? A new study from the Economic Roundtable nonprofit delves into the surprisingly-high rate of homelessness amongst California fast food workers. Plus, businesses in some resort towns are offering subsidies for landlords to rent to local workers.

Part of the advice normally prescribed as a “cure” to homelessness is getting a job. But what happens when the work people do still isn’t enough to afford a place to live? A new study from the Economic Roundtable nonprofit delves into the surprisingly-high rate of homelessness amongst California fast food workers. Plus, businesses in some resort towns are offering subsidies for landlords to rent to local workers.

In this week's podcast we are diving into the much-anticipated policy shift announced by the country's new Prime Minister. The speculation has been building for months, with many wondering what policies will be scrapped and which ones will remain. In this episode, we dissect the Cabinet's first reprioritisations - everything from the biofuel mandate, free speech, the Social Unemployment Scheme, Three Waters, resource management, the TVNZ/RNZ merger, fair pay agreements and the surprise minimum wage increase.

The Far Middle episode 81 arrives amidst the holiday season, with Hanukkah and Christmas just around the corner. Someone you wouldn’t want to see around the corner, if you were an NFL wideout in the 50s and 60s, is Hall of Fame cornerback Dick “Night Train” Lane—this Far Middle’s dedication. Nick transitions from trains to rivers and lands at Marietta, Ohio. Marietta, which sits at the confluence of the Muskingum and Ohio Rivers, is the setting of this week’s episode as Nick reviews three recent presentations he delivered last week while in southeastern Ohio. The first two talks were delivered to students at Marietta College, followed by a third address to members of the Economic Roundtable of the Ohio Valley. Listen as Nick reviews the rich history of Marietta before delving into his question-and-answer session with students. “You’re going to be me in 30 years,” Nick explained to the young adults in attendance, telling them to expect twists and turns along their career journeys. Next, Nick summarizes his remarks given to a class on ethical leadership. “The way I approached this opportunity was to talk about baking a cake, and the cake we’re going to bake is how you build ethical leadership within a team, or a company, or an industry,” describes Nick as he walks through the steps and “ingredients” to baking a cake of ethical leadership. “Make your values come alive each and every day through your decision-making.” Finally, Nick looks back on his address to the Economic Roundtable of the Ohio Valley, entitled, “Milton Friedman isn’t running the show anymore. And therein lies the problem.” Nick’s address reviewed six commonsense recommendations to broadly improve American society and our economy, concepts he first offered on The Far Middle in October 2021. Nick asks if we’ve made progress on these proposals this past year, or rather regressed, and then closes by tying them to Milton Friedman.

Geopolitical, Geo - Economic Roundtable - M. Ehret, X. Flores, M. Sieff & V by RogueNews

Geopolitical, Geo - Economic Roundtable - M. Ehret, X. Flores, M. Sieff & V by RogueNews

Rogue: Geopolitical, Geo-Economic Roundtable by RogueNews

Rogue: Geopolitical, Geo-Economic Roundtable by RogueNews

Oliver Hartwich discusses the biggest economic issues of the week with Eric Crampton and Bryce Wilkinson: 1) How transitory is inflation? 2) Will we ever see the return of supply-side economics? 3) How competent is government? And 4) What shall we think of Three Waters and are there any alternatives to the policy?

Our first Economic Roundtable discusses rising prices, the Great Resignation, labor shortages, the supply chain mess, Joe Biden's puking approval numbers, and what the White House can do to turn things around.  Host: Derek Thompson Guests: Michael Batnick and Ben Carlson  Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Pavlos Panagopoulos of Cetera Advisor Networks and Gene Goldman, CFA® Chief Investment Officer & Director of Research with Cetera Advisor Networks & Commentator on CNBC's Squawk Box plus Christopher Hennessey, J.D., C.P.A Member, Putnam Business Advisory Group discuss the US Economic situation on News Radio KKOB

The Thirty-Fifth Singapore Economic Roundtable: Panel Discussion by Institute of Policy Studies

The Thirty-Fifth Singapore Economic Roundtable: Opening Speech by Minister Lawrence Wong by Institute of Policy Studies

The Thirty-Fifth Singapore Economic Roundtable: Dialogue with Minister by Institute of Policy Studies

There are a lot of reasons being thrown around for the rising price of gasoline – inflation, COVID ending, Biden's attacks on oil and gas, decisions by OPEC – but what's the truth? Petroleum economist Karr Ingham joins us to shed light on the current state of the domestic and global oil markets, regulatory uncertainties, and geopolitical trade wars that are affecting your costs at the pump. Karr Ingham is an Amarillo, Texas economist, and is the owner and President of InghamEcon, LLC, an economic analysis and research firm specializing in statewide, regional, and metro area economics, and oil & gas/energy economics. Since 2003, he has served as the Consulting Petroleum Economist for the Texas Alliance of Energy Producers. He is the creator of the Alliance Texas Petro Index, a tool for tracking growth rates and industry cycles in the Texas oil and gas exploration & production sector, as well as the Alliance Texas Permian Basin Petroleum Index. He is a member of the Texas Comptroller's Economic Roundtable, a group of statewide and national economists convened to offer economic insight to the Comptroller in terms of the general condition of the Texas economy and the ongoing revenue outlook. He also co-chairs the Supply and Demand Committee of the Independent Petroleum Association of America (IPAA).

On this week's episode of the Stansberry Investor Hour, Dan invites an incredibly special guest onto the show. He studied for years under Henry Kissinger at Harvard University... He later helped pioneer the formulation of supply-side economics as Chairman of the Lehrman Institute's Economic Roundtable... And he's widely regarded as America's #1 futurist... The one and only, George Gilder. George is best known for many of his best-selling books including, Wealth and Poverty, Life After Television, Life After Google, and his latest work, Gaming A.I.: Why A.I. Can't Think but Can Transform Jobs.  And today, Dan brings him onto the show to pick his brain in an exclusive one-on-one interview. During his conversation with Dan, George discusses the real reason gold has stood the test of time as a currency... the one big mistake Satoshi Nakamoto made when he created Bitcoin... and some stunning facts about how leaving the gold standard opened the door for widespread abuse in the currency trading markets. George is truly one of the leading economic and technological thinkers of the past 40 years, and we're incredibly lucky to have him on the show today. If you want a better understanding of what truly goes on behind the scenes with the world's biggest banks and most influential governments, this is an interview you don't want to miss. Listen to Dan's conversation with George and much more on this week's episode.

On this week's episode of the Stansberry Investor Hour, Dan invites an incredibly special guest onto the show. He studied for years under Henry Kissinger at Harvard University... He later helped pioneer the formulation of supply-side economics as Chairman of the Lehrman Institute's Economic Roundtable... And he's widely regarded as America's #1 futurist... The one and only, George Gilder. George is best known for many of his best-selling books including, Wealth and Poverty, Life After Television, Life After Google, and his latest work, Gaming A.I.: Why A.I. Can't Think but Can Transform Jobs.  And today, Dan brings him onto the show to pick his brain in an exclusive one-on-one interview. During his conversation with Dan, George discusses the real reason gold has stood the test of time as a currency... the one big mistake Satoshi Nakamoto made when he created Bitcoin... and some stunning facts about how leaving the gold standard opened the door for widespread abuse in the currency trading markets. George is truly one of the leading economic and technological thinkers of the past 40 years, and we're incredibly lucky to have him on the show today. If you want a better understanding of what truly goes on behind the scenes with the world's biggest banks and most influential governments, this is an interview you don't want to miss. Listen to Dan's conversation with George and much more on this week's episode.

  Hear a lively discussion about pressing New Jersey issues from a panel of seasoned journalists. This episode includes highlights from the New Jersey Business and Economic Roundtable hosted at the NJCPA Virtual Convention on June 18. Hear what our panelists — Tom Bergeron of ROI-NJ, John Reitmeyer of NJ Spotlight News and Rhonda Schaffler of NJ Business Beat — have to say about the state budget, outmigration, the commercial real estate market, property taxes, the upcoming elections and more.  

  Hear a lively discussion about pressing New Jersey issues from a panel of seasoned journalists. This episode includes highlights from the New Jersey Business and Economic Roundtable hosted at the NJCPA Virtual Convention on June 18. Hear what our panelists — Tom Bergeron of ROI-NJ, John Reitmeyer of NJ Spotlight News and Rhonda Schaffler of NJ Business Beat — have to say about the state budget, outmigration, the commercial real estate market, property taxes, the upcoming elections and more.  

Michael T. Hill, organizer of the Southern Economic Roundtable provides crucial information on President Biden's American Rescue Plan; explaining how it is designed to uplift businesses, organizations and individuals who have been disadvantaged, economically, socially and in other areas!

This is part one of a three-part series on homelessness. In this episode you will be introduced to Shannon, a regular girl raised in a middle class family in mid America. A trauma happens at 15 that sends her spiraling for over 12 years. Her heartbreaking story will shock you, but remember she is an Overcomer.Homelessness in the U.S. is a huge problem, you already know that, but did you know , over the next four years, fallout from the pandemic is expected to cause chronic homelessness to climb 49% nationwide, according to a new study by the Economic Roundtable, an urban research group.Take a listen as we discuss the most common questions about homelessness and the people who experience it as well as some of the proposed solutions to the issue. 

Daniel Flaming & Anthony Orlando stopped into a Zoom room with our ED  a few weeks ago to share findings from a new report. Their focus is on homelessness during and after the COVID pandemic. Anyone in Los Angeles during the 2008 recession will recall the growth of people who became unhoused. Following that recession 10% of those who found themselves jobless became unhoused. The Economic Roundtable report uses past pandemic as well as data from the 2008 recession to predict how COVID joblessness might translate into homelessness over the coming years. Looking at joblessness as well as the housing market, the authors predict that the pandemic recession will see more than double the unhousing that we saw in 2008. Our guests bring dire predictions and come prepared with concrete policy solutions that can help prevent a "great unhousing." These policy solutions could also prevent catastrophe after the next recession or pandemic. 'Locked Out: Unemployment and Homelessness in the COVID Economy' is underwritten by the Economic Roundtable, and is written by Daniel Flaming, Anthony W. Orlando, Patrick Burns, and Seth Pickens.

The COVID pandemic has given birth to a brutal recession. A new report from the Economic Roundtable predicts job loss from this recession will cause homelessness in Los Angeles to skyrocket. How bad could it get? Who will it hurt? And most importantly, how can we prevent it?  Mike talks about that with the report's author, Dan Flaming, this week on What's Next, Los Angeles.  (Plus, Mike shares a few thoughts on the Biden inaugural.)Important LinksEconomic RoundtableLocked Out: Unemployment and Homelessness in the COVID EconomyDan Flaming BioCoverage of the Locked Out ReportLA Times: Covid 19 job losses will worsen LA homelessness by 2023, new report saysFast Company: The pandemic recession could cause an enormous spike in homelessness

David Corn on Trump, Putin and his new book, "Russian Roulette: The Inside Story of Putin's War on America and the Election of Donald Trump." Plus: Is Disneyland really the happiest place on earth? Peter Dreier says, "Not if you work there." Dreier, Professor of Political Science at Occidental College, was part of the research team behind, "Working for the Mouse: A Survey of Disneyland Resort Employees," an Economic Roundtable report released February, 2018. Lastly, March 16, marks the 50th anniversary of the My Lai massacre; we talk with Hugh Thompson, the pilot who put an end to the killing that day fifty years ago.