Podcasts about European Central Bank

On September 1st, the State Bank of Vietnam will delete over 86 million bank accounts, while the European Central Bank pushes forward with a digital euro. They call it progress, but it's really the foundation of global financial control. At the same time, false narratives are spreading that deny Israel's biblical roots and legitimacy as a nation. We will analyze these ongoing struggles for control and identity on this edition of the Endtime Show!. 📱: It's never been easier to understand. Stream Only Source Network and access exclusive content: https://watch.osn.tv/browse 📚: Check out Jerusalem Prophecy College Online for less than $60 per course: https://jerusalemprophecycollege.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Tim Berners-Lee could be one of the richest men on the planet, why did he forfeit such large profits to make the World Wide Web a free and open space? How do we reclaim the internet from social media companies taking away our sovereignty? Have tech giants like Mark Zuckerberg, Jeff Bezos and Elon Musk thanked Tim for his invention?  Rory and Alastair are joined by Sir Tim Berners-Lee to discuss all this and more.  Visit HP.com/politics to find out more. To save your company time and money, open a Revolut Business account today via www.revolut.com/rb/leading, and add money to your account by 31st of December 2025 to get a £200 welcome bonus or equivalent in your local currency. Feature availability varies by plan. This offer's available for New Business customers in the UK, US, Australia and Ireland. Fees and Terms & Conditions apply. For US customers, Revolut is not a bank. Banking services and card issuance are provided by Lead Bank, Member FDIC. Visa® and Mastercard® cards issued under license. Funds are FDIC insured up to $250,000 through Lead Bank, in the event Lead Bank fails. Fees may apply. See full terms in description. For Irish customers, Revolut Bank UAB is authorised and regulated by the Bank of Lithuania in the Republic of Lithuania and by the European Central Bank and is regulated by the Central Bank of Ireland for conduct of business rules. For AU customers, consider PDS & TMD at revolut.com/en-AU. Revolut Payments Australia Pty Ltd (AFSL 517589). TRIP Plus: Become a member of The Rest Is Politics Plus to support the podcast, receive our exclusive newsletter, enjoy ad-free listening to both TRIP and Leading, benefit from discount book prices on titles mentioned on the pod, join our Discord chatroom, and receive early access to live show tickets and Question Time episodes. Just head to therestispolitics.com to sign up, or start a free trial today on Apple Podcasts: apple.co/therestispolitics. Instagram: @restispolitics  Twitter: @RestIsPolitics  Email: restispolitics@gmail.com Social Producer: Harry Balden Video Editor: Adam Thornton Assistant Producer: Alice Horrell Producer: Nicole Maslen Senior Producer: Dom Johnson Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Kevin pays tribute to the life of Turning Point USA founder Charlie Kirk; speaks with Jody Pollard, Senior Vice President, Truck and Aftermarket Sale and Robb Nixon, Vice President Sales about a wide range of topics including the Section 179 deduction, Freight Recovery, Tariff Clarity, 2027 Emission Regulation, Interest Rates, Tariff related supply chain issues and biggest concerns being heard from customers; the U.S. Labor Department reported the Consumer Price Index and Core Consumer Price Index; the U.S. Labor Department reported Initial Jobless Claims; European Central Bank actions versus our Federal Reserve action; Kevin has the details, digs into the data, puts the information into historical perspective and offers his insights and an opinion or two along the way. Oil and gas prices react to possible softening of U.S. demand, U.S. consumer price data and Saudi Arabia increasing exports to China . 

Plus: Consumer prices in the U.S. were up 2.9% in August from a year earlier. The European Central Bank leaves its key deposit rate at 2% for the second consecutive meeting. Pierre Bienaimé hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Michelle Gibley with breaks down one of the biggest economic splits happening between the U.S. and Europe: interest rates. With the FOMC likely to cut in September, the European Central Bank didn't shy away from the possibility of a rate pause. Michelle highlights why this divide is happening and looks ahead to the impact they have in international stocks. She later notes how "A.I. excitement" is accelerating in China.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Is Donald Trump lying about the Epstein birthday letter? Why has he rebranded to The Department of War? Is the US economy finally feeling the real effects of Trump's tariffs? This week, Anthony Scaramucci is joined by renowned journalist Stephen Sackur to answer all these questions and more. Become a Founding Member: Go deeper into US politics every week with ad-free listening, members-only miniseries, early access to live show tickets and a bonus members-only Q&A podcast every week. Sign up at ⁠⁠⁠therestispoliticsus.com⁠⁠ Revolut Business To save your company time and money, open a Revolut Business account today via ⁠www.revolut.com/rb/therestispoliticsus⁠, and add money to your account by 31st of December 2025 to get a £200 welcome bonus or equivalent in your local currency. Feature availability varies by plan. This offer's available for New Business customers in the UK, US, Australia and Ireland. Fees and Terms & Conditions apply. For US customers, Revolut is not a bank. Banking services and card issuance are provided by Lead Bank, Member FDIC. Visa® and Mastercard® cards issued under license. Funds are FDIC insured up to $250,000 through Lead Bank, in the event Lead Bank fails. Fees may apply. See full terms in description. For Irish customers, Revolut Bank UAB is authorised and regulated by the Bank of Lithuania in the Republic of Lithuania and by the European Central Bank and is regulated by the Central Bank of Ireland for conduct of business rules. For AU customers, consider PDS & TMD at ⁠revolut.com/en-AU⁠. Revolut Payments Australia Pty Ltd (AFSL 517589). Instagram: ⁠@RestPoliticsUS⁠ Twitter: ⁠@RestPoliticsUS⁠ Email: ⁠therestispoliticsus@goalhanger.com⁠ Assistant Producer: India Dunkley Producer: Fiona Douglas Video Editor: Kieron Leslie  Social Producer: Charlie Johnson  Senior Producer: Dom Johnson Head of Content: Tom Whiter Head of Digital: Sam Oakley Exec Producers: Tony Pastor, Jack Davenport  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tune in to this episode of the Security Token Show where this week Herwig Konings and Kyle Sonlin cover the industry leading headlines and market movements, including new entrants with live tokenized stocks, investments and acquisitions for RWA infrastructure, U.S. Bank's renewed crypto custody services, and more RWA news.   Company of the Week - Herwig: Galaxy Company of the Week - Kyle: Ondo   Market Movements: Galaxy Natively Tokenizes Their Shares (GLXY) on Solana via Superstate: https://investor.galaxy.com/news/news-details/2025/Galaxy-and-Superstate-Launch-GLXY-Tokenized-Public-Shares-on-Solana/default.aspx Ondo Global Markets Goes Live with Over 100 Tokenized Stocks and ETFs: https://finance.yahoo.com/news/ondo-launches-global-markets-100-183506974.html Trump Considers Tokenizing Gaza through “The GREAT Trust” to Rebuild, Citizens to Receive Tokens to Relocate: https://www.cnbc.com/2025/09/01/gaza-riviera-trump-administration-weighs-post-war-redevelopment-plan.html U.S. Bank Brings Back Bitcoin Custody through Sub-Custodian NYDIG: https://www.reuters.com/sustainability/boards-policy-regulation/us-bancorp-revives-institutional-bitcoin-custody-service-2025-09-03/ tZERO Appoints Alan Konevsky as CEO After $BBBY Urges Board to Replace David Goone: https://tzero.com/press-releases/2025-09-04-tzero-announces-leadership-transition/ RedStone Acquires Onchain Credit Ratings Firm Credora: https://blog.redstone.finance/2025/09/04/redstone-acquires-credora-strategic-expansion-into-risk-ratings/ SEC and CFTC Issue Join Statement on Project Crypto-Crypto Sprint: https://www.sec.gov/newsroom/speeches-statements/sec-cftc-project-crypto-090225 SEC Shares Rulemaking Agenda to Reform Crypto Rules: https://www.reuters.com/legal/government/us-sec-unveils-agenda-revamp-crypto-policies-ease-wall-street-rules-2025-09-04/   Companies in the Token Debrief Include NYC RWA Meetup, Backed Finance/xStocks, Raze, Embedded Finance, DEUSS, Shenzhen Futian Investment Holdings, GF Securities (Hong Kong), Seoul City, Japan Post Bank, DeCurret DCP, Thailand, Aurora Optoelectronics, Zerohash, Utila, Red Dot Capital, RWA Inc., EightLends, Finloop, Boerse Stuttgart, StratX, Aria, Polychain, Neoclassic Capital, Story Protocol Foundation, Power Metal Resources, Minestarters, State Street, Apex Fintech Solutions, European Central Bank, Christine Lagarde, European Commission, U.S. Federal Reserve ==== TokenizeThis 2025 Conference Review: https://docsend.com/v/k8bn7/tt25 STM Predicts $30-50T in RWAs by 2030: https://docsend.com/view/7jx2nsjq6dsun2b9 More STM.co Reports: https://reports.stm.co/ Join the RWA Foundation and Read the Whitepaper: RWAF.xyz Learn More About WALLY DAO: WallyDAO.xyz ==== ⏰ TABLE OF CONTENTS ⏰ 0:00 Introduction 0:16 Welcome 1:12 Market Movements 23:20 RWA Foundation Updates 25:07 Token Debrief 37:14 Companies of The Week

Why is the humanitarian situation in Gaza the worst that James Elder has ever seen? What does the process of rebuilding Gaza look like? How do the people working on the ground not lose hope?  UNICEF spokesperson James Elder joins Alastair and Rory to answer all these questions and more.  To donate to UNICEF UK's Gaza appeal visit unicef.uk/gaza-podcast. £30 could help provide life-saving therapeutic food for a child for 3 weeks.  Visit HP.com/politics to find out more. To save your company time and money, open a Revolut Business account today via www.revolut.com/rb/leading, and add money to your account by 31st of December 2025 to get a £200 welcome bonus or equivalent in your local currency. Feature availability varies by plan. This offer's available for New Business customers in the UK, US, Australia and Ireland. Fees and Terms & Conditions apply. For US customers, Revolut is not a bank. Banking services and card issuance are provided by Lead Bank, Member FDIC. Visa® and Mastercard® cards issued under license. Funds are FDIC insured up to $250,000 through Lead Bank, in the event Lead Bank fails. Fees may apply. See full terms in description. For Irish customers, Revolut Bank UAB is authorised and regulated by the Bank of Lithuania in the Republic of Lithuania and by the European Central Bank and is regulated by the Central Bank of Ireland for conduct of business rules. For AU customers, consider PDS & TMD at revolut.com/en-AU. Revolut Payments Australia Pty Ltd (AFSL 517589). TRIP Plus: Become a member of The Rest Is Politics Plus to support the podcast, receive our exclusive newsletter, enjoy ad-free listening to both TRIP and Leading, benefit from discount book prices on titles mentioned on the pod, join our Discord chatroom, and receive early access to live show tickets and Question Time episodes. Just head to therestispolitics.com to sign up, or start a free trial today on Apple Podcasts: apple.co/therestispolitics. Instagram: @restispolitics  Twitter: @RestIsPolitics  Email: restispolitics@gmail.com Social Producer: Harry Balden Video Editor: Harry Swan + Charlie Rodwell Assistant Producer: Alice Horrell Producer: Nicole Maslen Senior Producer: Dom Johnson Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

As the Bondcast team returns from summer, they discuss recent movements in rates markets, focusing on fiscal concerns in the UK, expectations for the upcoming Autumn Budget, the outlook for the US economy and Federal Reserve policy, political risks in France, and expectations for the European Central Bank's next meeting. To read Oriane's take on French political risk, click https://www.natwest.com/corporates/insights/markets/political-standoff-in-france-scenarios-and-market-implications.html Remember to hit subscribe so you can listen to the latest episodes in this series as soon as they're available and get our views on the big themes and events moving markets and shaping the economy.This episode was recorded on 4 September 2025, and captions are automatically generated. For any terms used please refer to our glossary:https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here:https://www.natwest.com/corporates/disclaimer.html

In this episode of The Sound of Economics, Rebecca Christie discusses central bank independence and credibility with Francesco Papadia and Lucrezia Reichlin, Bruegel fellows and former top officials at the European Central Bank. As the Federal Reserve comes under increasing political pressure in the U.S., understanding what central banks do and why they are needed is more important than ever. Traditional monetary policy, digital currency, financial supervision and climate-related initiatives all play a role in how central banks operate today. Relevant research: Lucrezia Reichlin and Jeromin Zettelmeyer, The European Central Bank must adapt to an environment of inflation volatility, Bruegel Analysis, 12 June 2024 The ECB's Digital Euro and new operational framework: is there an overlap? Bruegel event, 2 June 2025 Véron, N. (2024) ‘Europe's banking union at ten: unfinished yet transformative' Book, Bruegel Véron, N. (2025) ‘Breaking the deadlock: a single supervisor to unshackle Europe's capital markets union', Bruegel blueprint series 35, Bruegel

Why are ICE raids making parents afraid to snd their children to school? How is the economy really coping under Trump? And, could we be on the brink of all Epstein files being released?  This week, Katty Kay is joined by political journalist, and MSNBC colleague, Sam Stein. Become a Founding Member: Go deeper into US politics every week with ad-free listening, members-only miniseries, early access to live show tickets and a bonus members-only Q&A podcast every week. Sign up at ⁠⁠therestispoliticsus.com⁠ Revolut Business To save your company time and money, open a Revolut Business account today via www.revolut.com/rb/therestispoliticsus, and add money to your account by 31st of December 2025 to get a £200 welcome bonus or equivalent in your local currency. Feature availability varies by plan. This offer's available for New Business customers in the UK, US, Australia and Ireland. Fees and Terms & Conditions apply. For US customers, Revolut is not a bank. Banking services and card issuance are provided by Lead Bank, Member FDIC. Visa® and Mastercard® cards issued under license. Funds are FDIC insured up to $250,000 through Lead Bank, in the event Lead Bank fails. Fees may apply. See full terms in description. For Irish customers, Revolut Bank UAB is authorised and regulated by the Bank of Lithuania in the Republic of Lithuania and by the European Central Bank and is regulated by the Central Bank of Ireland for conduct of business rules. For AU customers, consider PDS & TMD at revolut.com/en-AU. Revolut Payments Australia Pty Ltd (AFSL 517589). Instagram: @RestPoliticsUS Twitter: @RestPoliticsUS Email: therestispoliticsus@goalhanger.com Assistant Producer: India Dunkley Producer: Fiona Douglas Video Editor: Kieron Leslie  Social Producer: Charlie Johnson  Senior Producer: Dom Johnson Head of Content: Tom Whiter Head of Digital: Sam Oakley Exec Producers: Tony Pastor, Jack Davenport  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureCanada is struggling, companies are threatening to move out of Canada. The Canadian economy is in a recession just like Germany. EU inflation is starting to increase. The Fed independence is now being exposed. Gold is telling the story of where the economy is heading.  The [DS] has kept the Epstein information hidden for years. Trump says its a hoax and the D's believed he was trying to hide something, he trapped the fake news and the D's. Trump is in the process of ending the war in Ukraine and he is allowing the [DS] to push the war further to wake the people up. Trump sends a message to Putin, Xi and Kim. Was this the go message? Stand ready, something is about to happen.   Economy https://twitter.com/RichardCityNews/status/1962931286739198004 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/RichardCityNews/status/1962937475984146835 https://twitter.com/profstonge/status/1963202815159075277 Eurozone Inflation Accelerates, Priming Continued Rate Pause by ECB   Annual inflation inched up to 2.1%, but core prices rose at an unchanged pace Annual inflation picked up pace a little in the eurozone last month, cementing expectations that the European Central Bank will leave interest rates unchanged for a second-straight meeting next week. Consumer prices rose by 2.1% on year in August across the 20 nations that use the euro, European Union figures showed Tuesday. That marks an increase from the 2.0% rate of annual inflation booked in July. Core inflation, which strips out the more volatile shifts in the prices of energy and food, was unchanged at 2.3% on year last month. Source: wsj.com https://twitter.com/dogeai_gov/status/1962968229074129299   nationwide proves this isn't about economics—it's about propping up a shadow workforce that depresses wages. Dairy and agriculture thrived before the border collapse under Biden. Enforcing immigration law restores fairness, deters future illegal entry, and forces industries to recruit LEGAL workers. Evers' fearmongering ignores the real crisis: Medicaid fraud, ER abuse, and structural theft accelerated by unchecked illegal immigration. Rule of law isn't optional. Wisconsin taxpayers deserve transparency on who really benefits from ignoring immigration law—see the hard numbers https://twitter.com/philippilk/status/1961005531646013759 https://twitter.com/TrumpWarRoom/status/1962971131641582003 https://twitter.com/SecScottBessent/status/1963006523300258208   https://twitter.com/KobeissiLetter/status/1963224895522824286   Political/Rights https://twitter.com/ExxAlerts/status/1963254236600246430 https://twitter.com/KristenEskow/status/1962959134652768730 https://twitter.com/_johnnymaga/status/1963261610601959431   https://twitter.com/MJTruthUltra/status/1963092188654444639 Trump: Epstein Saga 'Democrat Hoax That Never Ends' https://twitter.com/jkeeter82/status/1963265194244686191 4 Anonymous ID: P3Lk4PKG No.147106598 Oct 29 2017 11:11:40 (EST) Some of us come here to drop crumbs, just crumbs. POTUS is 100% insulated - any discussion suggesting he's even a target is false. POTUS will not be addressing nation on any of these issues as people begin t...

The head of the European Central Bank, Christine Lagarde, fears that any intervention by US president Donald Trump's administration into the Federal Reserve could have wider implications and be a global economic risk. We hear from Dr Yu Jie, of Chatham House, on the significance of today's summit between China, India and Russia, as well as what a new development bank could look like. Elsewhere, Ed Butler discusses Trump's claims that Ethiopia's showpiece hydro-project, formally inaugurated this month, has actually been financed with American money. But the east African country say that's nonsense. And why a tiny Caribbean island is cashing in on its internet web name. The latest business and finance news from around the world, on the BBC.

Today, I'm joined by Dr. Sylvia Rohde-Liebenau, and we're discussing the subject of Unlocking Authentic Leadership. Sylvia is a senior executive coach with 30 years of experience, who helps C-Suite leaders, entrepreneurs, and change-makers thrive in today's complex and fast-moving world. She is the founder of the SMART Power method, a groundbreaking approach for succeeding in complexity, with greater impact and ease. Her clients have included UNHCR, European Central Bank, Allianz Global Investors, Red Cross, and Amazon. She is also the author of the bestselling book Who's In Charge?: Lead with Real Power and Create an Impact in a Chaotic World. In this book, Sylvia helps leaders become more resilient and powerful, combining success with fulfillment. I'm excited to have her on the show to learn more about Unlocking Authentic Leadership. Show resources: Who's In Charge? Book Smartpowermethod.com Sponsors: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cadre of Men⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Farrow Skin Care⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Salty Sailor Coffee Company⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Leader Connect⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Qualified Leadership Series⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ____ Get all of Jon Rennie's bestselling leadership books for 15% off the regular price today! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HERE Learn more about your ad choices. Visit megaphone.fm/adchoices

PIIE President Adam Posen says “it was the world of central bankers rallying around Jay and the Fed, publicly backing Fed independence,” at the Bank for International Settlements’ annual meeting in late June and the European Central Bank’s Sintra conference in early July. He speaks on the sidelines of the Jackson Hole Economic Policy Symposium with Bloomberg's Tom Keene, Annmarie Hordern and Michael McKee.See omnystudio.com/listener for privacy information.

"A digital euro would be a separate balance and a service distributed through your bank or another financial institution, just like a PayPal account you can top up and use for payments."– Eric TakEric Tak , Head of Division, Digital Euro - Product Proposition, European Central Bank, explains that funding could happen in multiple ways, directly during a transaction, up front, or even on a regular schedule.It could live inside your banking app, as a standalone app, or even take the form of accessible cards for those less digitally savvy.The vision? A seamless, inclusive payment experience that works for everyone, from tech early adopters to those who still prefer physical cards.Listen to the full podcast now- http://bit.ly/4fH4TJF#DigitalEuro #FutureOfPayments #BankingInnovation #EricTak #Fintech #Payments #Outgrow "

In this episode of The Sound of Economics, host Rebecca Christie is joined by ECB Senior Economist Christoph Kaufmann and Bruegel's Stavros Zenios to unpack how disaster risk, political instability and investor behaviour collide in euro-area bond markets. They explore why investment funds respond differently to fiscal and political shocks, compared to other investor groups, and what are the consequences for both periphery and core countries. The conversation also addresses the disciplining role of markets, the sustainability of public debt and the need for a euro-area safe asset. Relevant research: Ajovalasit, S., A. Consiglio, G. Pagliardi and S. Zenios (2024) "Incorporating political risk into analysis of sovereign debt sustainability", Analysis, Bruegel Anaya Longaric, P., K. Cera, G. Georgiadis and C. Kaufmann (2025), “Investment funds and euro disaster risk”, Working Paper No. 3029, European Central Bank

In this episode, Tim Jones, Lead Policy Analyst at Medley Advisors, discusses the European Central Bank's rate outlook against a backdrop of shifting macro conditions and rising downside risks. He explores how currency moves and commodity prices could fuel disinflation, the fragility of services inflation, and what might trigger further policy easing. Tim also examines the EU's widening fiscal and political cracks within the EU, growing fiscal divergence between Germany and France, and the potential impacts of transatlantic relations with the US. Tim concludes with insights on European bond issuance and the structural shifts investors should watch for in the quarters ahead.    This episode was recorded on August 13, 2025. 

Lauren speaks with Mitchell Beer about Canada/US dynamics, Plastics Treaty talks in Geneva, a European Central Bank decision on fossil investment, Alberta & Saskatchewan.

The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal's central bank, working as a branch of the European Central Bank, has been undermining sound money and economic prosperity in that country.Original article: https://mises.org/mises-wire/axe-bank-portugal-it-does-more-harm

The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal's central bank, working as a branch of the European Central Bank, has been undermining sound money and economic prosperity in that country.Original article: https://mises.org/mises-wire/axe-bank-portugal-it-does-more-harm

Ten years after Greece's thunderous “NO” to austerity, Yanis Varoufakis sits down with film-maker Raoul Martinez and host Mehran Khalili to revisit that historic showdown with Europe's political establishment. We bust the official myths, look at lessons learned, and spell out what activists across Europe must do next. If you missed the story: Greece elected the anti-austerity Syriza party in early 2015, with Yanis Varoufakis as finance minister. After months of bruising talks with the European Central Bank, IMF and European Commission, the government put the creditors' terms to a 5 July referendum. Sixty two percent voted NO — but days later, Athens agreed to a third “bailout”, Yanis resigned, and Greece was locked into another cycle of cuts that to this day, it still hasn't escaped.  *** SPECIAL OFFER: Use code Storm25 to get 20% off the documentary we discuss in this video, In the Eye of the Storm! https://vimeo.com/ondemand/eyeofthestormenglish *** In this talk, we unpack the new six-part series In the Eye of the Storm – from secret Eurogroup recordings to the street-level activist energy in Athens – and draw fresh lessons on leverage, media war, plan B economics and movement discipline. Whether you marched in 2015 or are gearing up for the next fight, this conversation will arm you with the story behind the headlines and the tactics to win round two. SUPPORT US Join: https://diem25.org/join​  Donate: https://diem25.org/donate Subscribe: https://www.youtube.com/c/DiEM25official 

The long-awaited trade deal between the EU and the US only provided a temporary boost to the markets, with concerns swiftly being voiced in Europe. Many described the agreement as one-sided, favouring US interests. Following the announcement, the US dollar strengthened while the price of gold plummeted to a three-week low. Meanwhile, oil prices rose, driven by the trade deal and President Trump's renewed pressure on Russia. Attention now turns to US monetary policy, with the Federal Open Market Committee commencing its two-day meeting today. Joining us on the show to discuss the implications of last week's European Central Bank decision and provide insight into this week's rate decision in the US is our Chief Economist, David Kohl.(00:00) - Introduction: Bernadette Anderko, Investment Writing (00:31) - Markets wrap-up: Lucija Caculovic, Investment Writing (06:12) - Central Banks and Trade Deals: David Kohl, Chief Economist (12:26) - Closing remarks: Bernadette Anderko, Investment Writing Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

China and the EU hold a summit in Beijing, the U.S. House subpoenas Ghislaine Maxwell, WEF founder Klaus Schwab denies allegations of misconduct, an Israeli woman is charged in an alleged plot to assassinate Netanyahu, Thailand and Cambodia exchange strikes, Tulsi Gabbard declassifies a report challenging the 2016 Russia assessment, two “Freedom Convoy” leaders face a sentencing hearing in Canada, the European Central Bank holds rates steady at 2%, Columbia University settles claims of antisemitism for $221 million, and wrestling champion Hulk Hogan dies. Sources: www.verity.news

In this week's episode, we review the unemployment and home sales figures that were released this week, as well as the ongoing trade tensions and tariff negotiations between the United States and its trading partners. We also touch on the Federal Reserve's policy decisions and President Trump's visit to tour the renovations to the Federal Reserve headquarters in Washington, D.C. Lastly, we look into the performance of the stock market, including the S&P 500 reaching new all-time highs, a new round of corporate earnings, and the resurgence of "meme stocks."Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerStephen Hoedt, Head of Equities01:47 – The initial unemployment claims report showed a decline, indicating a robust employment market. However, existing home sales fell due to higher mortgage rates.02:35 – The European Central Bank paused its rate-cutting cycle, which could be an indirect factor in the upcoming Federal Reserve policy decision. President Trump also visited the Federal Reserve and spoke with Chair Jerome Powell.03:52 – Regarding tariffs, the U.S. reached a tentative agreement with Japan to lower tariff rates, which was seen as positive news. However, the overall tariff rate remains elevated compared to the beginning of the year.07:58 – A discussion on the resilience of the economy, with corporate earnings exceeding expectations and the labor market remaining healthy. They also noted some potential headwinds, such as policy uncertainty and the potential for market volatility as we head into autumn. Additional ResourcesKey Questions: What Are the Top 10 Provisions in the 'One Big Beautiful Bill Act' that Will Impact Individuals?Key Questions | Key Private Bank Subscribe to our Key Wealth Insights newsletterWeekly Investment Brief Follow us on LinkedIn

Earnings remain in the spotlight, with notable gains in the banking sector, while Tesla tumbled amid US policy headwinds. The European Central Bank left interest rates unchanged and offered a modestly upbeat assessment of the eurozone economy, raising doubts among investors about further policy easing, even while US tariff threats still cloud the outlook. This pushed yields higher and weighed on gold. Tim Gagie, Head of FX/PM Private Banking in Geneva, explains why the precious metal has consolidated since Liberation Day, and why he agrees with the consensus view of higher prices for metals.(00:00) - Introduction: Helen Freer, Investment Writing (00:25) - Markets wrap-up: Jan Bopp, Investment Writing (05:54) - FX and metals: Tim Gagie, Head of FX/PM PB Geneva (10:33) - Closing remarks: Helen Freer, Investment Writing Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Plus: Union Pacific and Norfolk Southern are in advanced discussions for a deal that could create the largest rail operator in the U.S. And the European Central Bank holds interest rates steady. Alex Ossola hosts.  Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Our monetary policy statement at a glance, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_july.en.html Christine Lagarde, Luis de Guindos: Monetary policy statement, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250724~a66e730494.en.html Monetary policy decisions, 24 July 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250724~50bc70e13f.en.html Combined monetary policy decisions and statement, 24 July 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250724~8cbca58e07.en.pdf?df0653cc32352ba804c7d1262686b588 European Central Bank https://www.ecb.europa.eu/home/html/index.en.html Published and recorded during our press conference on 24 July 2025 #MonetaryPolicy #EuropeanCentralBank #ChristineLagarde #Finance #FinancialConditions #Inflation #EconomicActivity #EconomicOutlook #PressConference #Banking #CentralBanking #Podcast #Economics #EU #Europe #ECB

There was some activity over at the headquarters of the U.S. Central Bank. It was a show and tell about the $2.5 billion restoration going on and why that happened today.  This is the Business News Headlines for Thursday the 24th day of July, coming to you again from Norfolk, Virginia. In other news, like the U.S. Central Bank the European Central Bank has delayed cutting rates…and why.  Looks like the railroad merger might be happening. We'll share what we know at this point. President Trump weighs in on Tesla in a surprise Truth Social Post. From the entertainment world…remember Lindsey Buckingham and Stevie Nicks?  Long before Fleetwood Mac's successful LP Rumors there was the Buckingham Nicks Album…we have some news. We'll take a look at the Wall Street Numbers from today and United Health Care is the subject of a Department of Justice review…think Medicare Billing.  Ready?  Let's go! Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on  PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.

Kristina Clifton and Carol Kong discuss the top influences affecting currency markets this week including the US-led tariff war, the European Central Bank policy meeting and Japan's upper house election.    Disclaimer:    Important Information   This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).  Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.   No Reliance  This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.  This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.   The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.  Liability Disclaimer  The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.    

Eric Tak has headed the ECB's Product Proposition Division of the Directorate Digital Euro since June 2024. He is responsible for managing the design and refinement of the digital euro product proposition, including the distribution model via payment service providers, and liaising closely with internal and external stakeholders.On The Menu:1. Preserving cash benefits while enabling remote digital transactions.2. Offline payment functionality using token-based NFC technology solutions.3. Consumer adoption incentives beyond the current payment method satisfaction.4. Non-programmable money approach despite social media speculation buzz.5. Stablecoin differences, central bank backing versus private money.6. Innovation competition strategy, the private sector is building on the ECB platform.7. European payment sovereignty and universal accessibility mission goals.Click here for a free trial: https://bit.ly/495qC9UFollow us on social media to hear from us more -Facebook- https://bit.ly/3ZYLiewInstagram- https://bit.ly/3UsdrtfLinkedin- https://bit.ly/43pdmdUTwitter- https://bit.ly/43qPvKXPinterest- https://bit.ly/3KOOa9uHappy creating!#EricTikka #ECB #Outgrow #Wallets #Marketing #EuropeanCentralBank #MarketerOfTheMonth #Podcastoftheday #Marketingpodcast

Can an increase in defence spending affect investments in green energy and digital infrastructure? What do US tariff threats mean for the ECB? How does the ECB support smaller countries in the Eurosystem? And is AI an opportunity or a risk for the financial future? In the last episode of our Sintra series, our host Stefania Secola takes us on a walk around the ECB Forum and gets top experts to answer your questions. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 9 July 2025 and recorded during the ECB Forum on Central Banking in Sintra between 30 June and 2 July 2025. In this episode: 02:05 Defence spending Can an increase in defence spending affect investments in green energy and digital infrastructure? 08:08 Tariffs How do US tariff threats affect the economy? What do they mean for the ECB? And what are the opportunities for Europe? 14:14 Smaller vs. bigger economies in the Eurosystem Does the ECB prioritise bigger economies over smaller ones? Do smaller countries, such as Slovenia, benefit from the ECB's monetary policy? 18:55 Artificial intelligence Is AI an opportunity or a risk for the financial future? Further readings: Gensler, G., Johnson, S., Panizza, U. and Weder di Mauro, B.: The Economic Consequences of The Second Trump Administration: A Preliminary Assessment https://cepr.org/publications/books-and-reports/economic-consequences-second-trump-administration-preliminary The ECB Podcast: AI: economic game changer or job taker? https://soundcloud.com/europeancentralbank/ai-economic-game-changer-or-job-taker ECB Instagram https://www.instagram.com/europeancentralbank/

Tune in to this episode of the Security Token Show where this week Herwig Konings and guest contributors, Tal Elyashiv, Managing Partner at SPiCE VC, Nico Pantelis, Partner at Blue Bay Ventures, and Jason Barraza cover the industry leading headlines and market movements, including Robinhood's tokenized stocks, stablecoin issuers like Circle and Ripple applying for bank charters, SPiCE VC's 3rd investor payout, and more RWA news!   This week Jason Barraza had a chance to sit with Yuval Rooz, Co-Founder and CEO of Digital Asset, for an inside look at their $135 million raise, the growing momentum behind Canton Network including integrating with Nasdaq Calyspo, and why privacy, composability, and real world asset tokenization as a whole are going to change global markets.  Did Yuval leave you on a cliff hanger before the RWA Foundation Updates? Jason and Yuval dive into it and more on the full interview available here: https://youtu.be/Aj4URNZo9uM    Company of the Week - Herwig: Robinhood   Companies in the news include SPiCE VC, Circle, Ripple, Robinhood, Republic, SpaceX, OpenAI, S&P Dow Jones Indices, Centrifuge, Anemoy, Janus Henderson, Midas, Fasanara, Morpho, Steakhouse Financial, Bitfinex Securities, Castle Community Bank, Arbra, Colb, Gemini, Arbitrum, Euroclear, Abu Dhabi Securities Exchange, FAB, HSBC, Bybit, xStocks, Dinari, BitGo, Spiko, Chainlink, MetaWealth, Securitize, Redstone, Apex Group, GLEIF, ERC-3643 Association, Kinexys by J.P.Morgan, S&P Global, Particula, 21X, GF Securities, Hashkey, OnRe, Lynq Network, European Central Bank, Ondo, Pantera, Zult, Stable, AMINA, Ripple, Paxos, World Liberty Financial, Plume, Paul Atkins/ SEC, SIFMA   Check Out Tal's Book “Investing in Revolutions”: https://www.amazon.com/Investing-Revolutions-Creating-Transformational-Technology/dp/B0DKS3YFWV#detailBullets_feature_div    TokenizeThis 2025 Conference Review: https://docsend.com/v/k8bn7/tt25  STM Predicts $30-50T in RWAs by 2030: https://docsend.com/view/7jx2nsjq6dsun2b9    More STM.co Reports: https://reports.stm.co/  Join the RWA Foundation and Read the Whitepaper: RWAF.xyz  Learn More About WALLY DAO: WallyDAO.xyz    ⏰ TABLE OF CONTENTS ⏰ 0:00 Introduction 0:16 Welcome 0:47 Market Movements 34:06 STS Interviews: Yuval Rooz, Digital Asset 45:23 RWA Foundation Updates 46:52 Token Debrief 58:18 Companies of The Week  

Tariffs and geopolitical conflicts have created uncertainty around the world. But how does the new trade environment affect inflation and the economy? How can central banks adapt? And what is the potential impact on the dominance of the US dollar ? In the third episode of our special Sintra series of the ECB Podcast, our host Paul Gordon talks to London School of Economics Professor Silvana Tenreyro. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 4 July 2025 and recorded on 1 July 2025. In this episode: 01:30 How is the world economy doing? What developments are having an impact on our economy today? And what uncertainties are arising from tariffs, trade fragmentation and armed conflicts in different parts of the world? 03:30 Tariffs, trade fragmentation and the economy How can trade tariffs and fragmentation affect economic growth and inflation in the euro area and beyond? 06:25 How are prices changing? How are prices changing in different countries? Will tariffs cause prices in the United States to rise, and those in Asia and Europe to fall? And why? 07:55 Lessons for central banks Given the extremely high level of uncertainty, what lessons from past shocks can central banks apply in the future? Why do we need clearly defined frameworks? And what role do governments play? 09:55 How can governments prepare for potential shocks? Investing in technologies that are difficult to substitute, diversifying energy sources and creating buffers for critical inputs – why it's crucial that governments have a strategy to withstand various shocks. 12:05 What is a dominant currency? When is a currency considered internationally “dominant”? And what dominant currencies have there been in the past? 13:40 Dollar dominance and monetary policy transmission Does dollar dominance in international trade transactions reduce the effectiveness of monetary policy? 17:30 The future of dollar dominance How will the dominance of the US dollar develop in the future? Is its role as a primary reserve currency at risk due to the Trump Administration's policies? 19:10 What keeps you up at night? What happens to our economy if there is a sudden shortage of a certain input? What impact will AI have if it remains largely unregulated? And what do stablecoins and digital currencies mean for our economy? 21:00 Our guest's hot tip Silvana shares her hot tip with our listeners. Further readings: Michael McLeay and Silvana Tenreyro: Dollar dominance and the transmission of monetary policy https://personal.lse.ac.uk/tenreyro/dominant_currency.pdf Sintra Series episode 1/4: Price stability in times of change https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod250702_episode110.en.html Sintra Series episode 2/4: Adapting to change: Ensuring price stability in a new geopolitical era https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod250625_episode109.en.html Silvana's hot tip I'm still here/Ainda estou aqui ECB Instagram https://www.instagram.com/europeancentralbank/

US equity-index futures edged higher as trade talks gathered pace ahead of a July 9 deadline and Senate negotiations continued over President Donald Trump's $4.5 trillion tax cut package. Contracts for the S&P 500 index and the Nasdaq 100 rose 0.3%. Major currencies were slightly higher against the dollar in early Asian trading, while stock futures showed gains in Japan, a decline in Hong Kong and little change in Australia. Crude oil fell 1% as traders wound back risk premium before OPEC+ meeting. We get some market perspective from Shams Afzal, Managing Director at the Carnegie Investment Counsel.Plus - Monetary policymakers from five major economies will gather Tuesday at the European Central Bank's annual retreat in Sintra, Portugal. The summit comes as Trump-era trade turbulence and geopolitical instability weigh on global markets. Fed Chair Jerome Powell and ECB head Christine Lagarde are set to share a public stage for the first time in a year. For more on how tariffs are impacting economic outlooks, we heard from Louise Loo, Lead Economist at Oxford Economics. She speaks with the hosts of Bloomberg Television's The Asia Trade, Shery Ahn and Haidi Stroud-Watts.See omnystudio.com/listener for privacy information.

How does geopolitical uncertainty affect inflation? How do we keep monetary policy fit for purpose in a rapidly changing world? And what are the main topics at this year's ECB Forum in Sintra, Portugal? In the first episode of our special Sintra series for The ECB Podcast, our host Paul Gordon discusses all these questions and more with Chief Economist and Executive Board member, Philip R. Lane. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 25 June 2025 and recorded on 16 June 2025. In this episode: 01:28 The ECB Governing Council lowered key interest rates to 2%. What was the motivation behind the decision? 04:30 How do we ensure that risks and uncertainties are integrated into the monetary policy decision-making process? What is our baseline? What factors need to be taken into account? 06:44 Alternative scenarios in the latest projections Why do we communicate our “what if” scenarios? 08:11 Meeting-by-meeting, data-dependent approach Why do we follow this approach? 09:50 Strategy review How can we make sure our strategy is up to date? 12:02 High-level uncertainty How do we factor heightened uncertainty in our strategy? 13:50 ECB Forum on Central Banking in Sintra, Portugal What is the ECB Forum and what's behind it? What's the goal of the Forum? What's Philip R. Lane looking forward to? 16:53 Our guest's hot tip Philip R. Lane shares his hot tip. Programme of ECB Forum on Central Banking in Sintra, Portugal https://www.ecb.europa.eu/press/conferences/html/20250630_ecb_forum_on_central_banking.en.html Ken Rogoff "Our dollar, your problem" https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/ ECB Instagram https://www.instagram.com/europeancentralbank/ European Central Bank www.ecb.europa.eu ECB Banking Supervision https://www.bankingsupervision.europa.eu/home/html/index.en.html

Tom Bodrovics welcomes back gold market and finance expert Alasdair Macleod. Together they explore the escalating systemic risks in global gold and silver markets, driven by surging demand for physical delivery. Macleod highlighted the European Central Bank's (ECB) warning about skyrocketing counterparty risks in gold derivatives, emphasizing that COMEX delivery demands have reached unprecedented levels, with an annualized rate of 1,500 tons—far exceeding post-pandemic trends. This surge reflects a growing scramble for physical metal which is exacerbated by delays in delivery fulfillment. Bullion banks, fearing tariffs and supply shortages, inflated futures prices to create arbitrage opportunities, further straining markets. Macleod underscored a critical shift: central banks, once willing to lease gold to stabilize markets, now hesitate to renew leases, fearing irreversible loss of reserves. This trend, compounded by COMEX silver shortages, signals deepening liquidity crises. Demand is driven by sovereign wealth funds, Asian families, and Middle Eastern entities diversifying from the dollar amid geopolitical tensions and long-term currency devaluation fears. The discussion pivoted to the U.S. debt trap, with deficits exceeding 6% of GDP and tepid demand for long-term Treasuries. Macleod compared today's credit bubble and protectionist tariffs to the 1929 crash, warning of a potential debt deflation spiral. He noted China's strategic accumulation of gold and silver, possibly prepping the yuan for gold backing, while avoiding abrupt moves to destabilize Western economies. Amid these risks, Macleod stressed wealth preservation over accumulation, advocating physical gold as a hedge. He cautioned that markets underestimate the looming convergence of fiscal instability, currency crises, and geopolitical shifts, urging vigilance as structural economic fractures deepen. The episode closed with a stark reminder: today's calm belies a gathering storm, mirroring historical precedents where credit excesses and policy missteps fueled systemic collapse. Guest Links:Twitter: https://twitter.com/MacleodFinanceSubstack: https://substack.com/@macleodfinanceWebsite: https://goldmoney.comResearch: https://www.goldmoney.com/research/ Alasdair Macleod is Head of Research for GoldMoney. He is an educator and advocates for sound money thru demystifying finance and economics. His background includes being a stockbroker, banker, and economist. Alasdair started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm. Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director. For most of his 40 years in the finance industry, he has been demystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences.

On today's show we are looking at the economy and trying to figure out if the global economy is growing or shrinking, and by extension how the economy will be affected in North America.Thursday this week the ECB announced  another 0.25% rate cut while at the same time signalling that they are nearing the end of their rate cutting. --------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

US President Donald Trump and China's leader Xi Jinping agreed to launch a new round of high-level trade talks, the European Central Bank cut interest rates by a quarter point and Europe is being flooded with steel diverted from the US because of high tariffs. Plus, the FT's Aanu Adeoye explains how a Russia-backed junta leader in Burkina Faso became an icon across Africa. Mentioned in this podcast:Donald Trump and Xi Jinping agree to launch new round of trade talksChristine Lagarde signals ECB rate-cutting ‘nearly concluded'‘The cult of Saint Traoré': how a Russia-backed junta leader became an iconEU hit by surge in steel imports as US tariffs divert shipmentsToday's FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson, Fiona Symon, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello and David da Silva. Our intern is Michaela Seah. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

THIS IS NOT INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL. DO YOUR OWN RESEARCH.This week, we learned a few things.First, we learned the big round of central bank easing is probably over. For assets in general (stocks and bonds) to go up, the total amount of printing (easing) needs to increase. While the Fed wasn't easing, most other central banks were. This week, the Bank of Canada and the European Central Bank said they don't see the need to ease further (though the ECB cut rates). There is no pressure on the Bank of Japan to ease. Moreover, a report today on US unemployment was fine, which means there is no urgency for the Fed to cut rates. We went from central bank easing (COVID), to tightening (2022), to easing (2024–now), to today's no expected easing. There had been a broad belief that erratic White House policy would deal a blow to the US and global economy, forcing the Fed to ease. So far, policy seems to have dealt a significant blow to all of our attention spans but not the economy. This is miraculous, but the data suggests it is true. There is a lot of second-tier data showing slowing hiring, but not enough to move the Fed, which means we must now wait for another month. Perhaps the deportations are shrinking the available pool of labor and keeping unemployment down?Second, we learned a fiscal bill is almost certain to be passed soon in the US, with the deficit clocking in at somewhere between 6% and 7%. The only entity that can borrow at scale at these interest rates is the US government. To increase private sector borrowing, interest rates must come down. To get interest rates down, government borrowing must decrease, and that doesn't look like it will happen. This bill is going to be passed despite many thoughtful people saying the same thing Musk is, which is that the deficit is too big. The conversation I share here with Pennsylvania Senator David McCormick (and my former boss) sheds light not only on his new book, Who Believed in You? (co-written with his wife, Dina), but also on what the budget debate looks like from the perspective of a US Senator. As he makes clear, President Trump believes he has a clear mandate to cut taxes, so cut taxes he will. This package, combined with the healthy jobs data, suggests that interest rates could move higher. At some point, this hurts the stock market because why take a flier on AI stocks when a 30-year bond pays you 5.5%? And as we figure this out, listen to Dave and Dina's advice and both seek out great mentors and try to provide the same for others. Third, we learned that trade uncertainty is going to last a long time. Remember that US trade partners were supposed to submit their offers on Wednesday? Nothing doing. Many other deadlines have come and gone. The US has less leverage than it appears. The global trading system is complex and has evolved over decades. So, the US can get justifiably upset about fentanyl, but then China finds a lever to hurt the US (rare earths), and the conflict goes slow. Xi made ample time to meet with Belarus's Lukashenko last week and scarce time to talk to Trump. Why rush? China, like Russia, believes it is winning. This trade uncertainty is one more reason why the Fed will do nothing unless unemployment rises sharply. The tariffs are high, well over 10%, so at some point, this should whack spending, as should higher interest rates.Fourth, we learned that billions of dollars in conventional military spending are not effective against drones. If Ukraine can take out Russia's bombers with drones, then the same can happen to any other major power. This means in a dangerous world, where conflict in Asia can erupt at any moment, the fundamental techniques of modern warfare are in flux and it is less clear who has the upper hand.Where does this leave me?The AI boom is real and ongoing.The Fed (and other central banks) are on hold until unemployment goes up, which means bond yields will probably go to the upper end of their range.Institutional investors are wary of a pro-risk stance (long stocks, short bonds) because of what happened in April (stocks down 20%) and the ongoing haze of tariffs. This probably makes it more likely for stocks to crawl higher. The value of assets that have little to do with the above, like stable cash flow stocks or idiosyncratic bonds, is high, as are assets that can hedge geopolitical conflict. NOTE TO READERS: I'm at a conference next week, so unlikely I'll have time to post. This document is strictly confidential and is intended for authorized recipients of “A Letter from Paul” (the “Letter”) only. It includes personal opinions that are current as of the date of this Letter and does not represent the official positions of Kate Capital LLC (“Kate Capital”). This letter is presented for discussion purposes only and is not intended as investment advice, an offer, or solicitation with respect to the purchase or sale of any security. Any unauthorized copying, disclosure, or distribution of the material in this presentation is strictly forbidden without the express written consent of Paul Podolsky or Kate Capital LLC.If an investment idea is discussed in the Letter, there is no guarantee that the investment objective will be achieved. Past performance is not indicative of future results, which may vary. Actual results may differ materially from those expressed or implied. Unless otherwise noted, the valuation of the specific investment opportunity contained within this presentation is based upon information and data available as of the date these materials were prepared.An investment with Kate Capital is speculative and involves significant risks, including the potential loss of all or a substantial portion of invested capital, the potential use of leverage, and the lack of liquidity of an investment. Recipients should not assume that securities or any companies identified in this presentation, or otherwise related to the information in this presentation, are, have been or will be, investments held by accounts managed by Kate Capital or that investments in any such securities have been or will be profitable. Please refer to the Private Placement Memorandum, and Kate Capital's Form ADV, available at www.advisorinfo.sec.gov, for important information about an investment with Kate Capital.Any companies identified herein in which Kate Capital is invested do not represent all of the investments made or recommended for any account managed by Kate Capital. Certain information presented herein has been supplied by third parties, including management or agents of the underlying portfolio company. While Kate Capital believes such information to be accurate, it has relied upon such third parties to provide accurate information and has not independently verified such information.The graphs, charts, and other visual aids are provided for informational purposes only. None of these graphs, charts, or visual aids can of themselves be used to make investment decisions. No representation is made that these will assist any person in making investment decisions and no graph, chart or other visual aid can capture all factors and variables required in making such decisions. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com

Plus: The U.S. deficit collapsed in April. The European Central Bank reduces its key interest rate. Circle makes its stock market debut. And Procter & Gamble plans to cut 7,000 jobs. Alex Ossola hosts.  Sign up for the WSJ's free What's News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textToday on Market Outsiders, Namaan and Jenny Rae unpack Kimberly-Clark's surprising move to sell its international tissue business - and what it signals about strategy, cash flow, and global growth.Plus, a rare rate cut from the European Central Bank raises deeper questions about inflation, energy, and the future of innovation in Europe.Join Market Outsiders live every weekday at 9:15AM ET on LinkedIn and YouTube - and now, episodes are also available on Strategy Simplified every Monday, Tuesday, and Thursday.Want the full daily experience? Follow the new Market Outsiders podcast to get every episode, Monday through Friday.Follow Management Consulted on LinkedIn and subscribe on YouTubeConnect with Namaan and Jenny Rae on LinkedInJoin Management Consulted for the NYC Case Camp from June 27-29Intensive, hands-on experience that will give you skills, confidence, and insider insights to break into consultingSeats are limited; confirm your spot

Dutch Prime Minister Dick Schoof resigned after far-right leader Geert Wilders walked out of his coalition government, Mexico's new supreme court is set to solely contain judges nominated by the ruling coalition, and Eurozone inflation fell below the European Central Bank's 2 per cent target. Plus, the FT's Akila Quinio explains how the Royal Bank of Scotland was nationalised in the wake of the 2008 financial crisis and then reborn. Mentioned in this podcast:Far-right Dutch leader Geert Wilders quits governmentTiny slice of Mexicans elect supreme court closely tied to ruling partyEurozone inflation falls below target to 1.9%The RBS story: how the world's biggest bank was nationalised and then rebornSouth Korean leftwinger Lee Jae-myung wins presidential electionToday's FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT's acting co-head of audio. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Our analysts Seth Carpenter and Serena Tang discuss why they believe the global economy is set to slow meaningfully in the second half of 2025.Read more insights from Morgan Stanley.----- Transcript -----Serena: Welcome to Thoughts on the Market. I'm Serena Tang, Morgan Stanley's, Chief Global Cross-Asset Strategist.Seth: And I'm Seth Carpenter, Morgan Stanley's Global Chief Economist.Serena: Today we'll discuss Morgan Stanley's midyear outlook for the global economy and markets.It's Wednesday, May 21st at 10am in New York.Seth, you published a year ahead outlook last November. Since President Trump took office back in January, there's been pretty significant policy and economic uncertainty and quite a few surprises. With this in mind, what is your current outlook for the global economy for the second half of this year and into 2026.Seth: So, we titled the outlook Skewed to the Downside because we really do think the U.S. economy, the global economy, is set to slow meaningfully from where we were coming into this year. Let's start with the U.S.As you said, policy changes came in a lot this year since the new administration took over. I would say the two key ones from a macro perspective so far have been trade policy and immigration policy.Tariffs have gone up, tariffs have gone down, tariffs have been suspended. Right now, what we think is going to ultimately take place is that we will see persistent, notable tariffs on China, lower tariffs on the rest of the world, and then we'll have to see how things evolve. What does that mean? Well, it means for the U.S. higher inflation and lower growth. In addition, immigration reform means that growth is going to slow because the growth rate of the labor force is going to slow.Now around the rest of the world, the tariff shock matters as well. When the U.S. puts in tariffs on its imports from other countries, that's negative demand for those other countries. So, we're looking for pretty weak growth in the euro area. Now, I will note, lots of people were excited about possible expansionary fiscal policy in Germany, and we think that's still there. We just don't think it's enough to give the euro area robust growth.In Asia, China's a main driver of the economy. China is a big recipient of these tariffs. We think the deflation cycle that we expected in China keeps going on. This reduction in demand from the U.S. is not going to help, but there'll probably be a little bit at the margin offsetting fiscal policy.So, what does that mean put together? Lackluster growth in China. Call it 4 percent slow growth for yet another year. Overall, the global economy should step down. Will it be a recession? That's one of the key questions that we hear from clients, but we don't think so. Not quite. Just a meaningful step downSerena: Interesting. Any particular regions that seem to be bright spots or surprises -- or perhaps have seen the biggest shift in your outlook?Seth: I guess I'd flag two potential bright spots around the world. The first is India. India has been, for us, a favorite. It will have the highest growth rate of any economy that we have in our coverage area. And because it's such a big economy, that's part of why the global economy can't lose that much steam. India has lots going for it. There are cyclical factors boosting growth in the near term. But there are also longer-term structural policy driven reasons to think that Indian growth will stay solid for the foreseeable future.I guess I'd also throw in Japan. Now its growth rate isn't going to be anywhere near the kind of growth in number terms that we're going to see from India. But this has to be taken in the context of 25 years of essentially zero growth of nominal GDP. The reflationary cycle that we think started a couple years ago remains intact, even with the tariff shock. And so, we're pretty optimistic still that Japanese reflation will continue.Serena: And to what extent are U.S. tariffs contributing to global inflationary pressures? I mean, how do you expect the Fed and other central banks to respond?Seth: The tariffs are imposed by the United States on most of the imports coming into the country, whereas other countries, maybe they have some retaliatory tariffs just against the U.S., but definitely not as broad as the U.S. That means for the U.S. tariffs are going to drive up inflation domestically and drive down growth, whereas for the rest of the world, it's mostly just a negative demand shock. So, they will be disinflationary for the rest of the world and pushing down growth.What does that mean for central banks? Well, outside of the U.S., central banks are going to see this as slowing aggregate demand, and so it's pretty clear what it is that they want to do. If they were hiking, they can stop hiking. If they were going to hold steady, they can lower rates a little bit. And if they were already lowering interest rates like the European Central Bank, well they can probably keep going with that without having to worry. And that's why we think the ECB is going to lower its policy rate to probably 1.5 percent and maybe even lower, which is below where the market is expecting things.Now for the Fed, things are much more tricky. The Fed cares about inflation, the Fed cares about U.S. growth, and both of those variables are going in the opposite direction of what they want over the rest of this forecast. Right now, inflation's too high for the Fed, and history shows that inflation goes up first with tariffs before the growth rate hits. So, the Fed's probably going to wait until the hard data show a bigger slowdown in the economy, a worsening. And the labor market. That is a bigger concern for them than the already too high inflation that is set to rise further over the rest of the year.Serena: And in your view, how does trade policy uncertainty influence business investment, particularly in export-oriented industries or in economies tightly linked to U.S. demand?Seth: Yeah. I think it has to be negative and therein lies one of the biggest challenges is just how negative. And I can't say for sure. But what we do know is that an uncertainty tends to be very negative for business investment spending decisions. If you're trying to make a decision, should I build a new factory?This is something that's going to have a long life to it, and you're going to get benefits hopefully for several years. How big are those benefits relative to the cost? Well, right now it's not at all clear, and so there's an option value to waiting.And we think that uncertainty is depressing investment decisions right now. I think it has to affect export-oriented industries. There's a lot of questions about what sort of retaliatory tariffs, other countries might impose.But it also affects domestic driven businesses because, well, they're going to have to see what their demand is. And some of the ones that are just focused on the U.S. economy are selling imported goods. So, it affects businesses across the board. Serena: Right. And how do U.S. tariff hikes spill over into emerging markets, and how might these countries buffer against these shocks?Seth: Yeah, I think there's a range of outcomes and the range is as wide as there are different countries. If you stay close to home. Take Mexico. Mexico is a big trading partner with the U.S. and early on in this whole tariff discussion, they were actually the targets of lots of tariff threats. That could have hurt them directly because there'd be less demand for their exports to the United States.Now we've got some resolution. We have the trade agreement with Canada and Mexico, and most of Mexico's exports to the U.S. are exempt under those conditions. However, the indirect effect is important as well. Mexico is very attached to the U.S. economy, and so as the U.S. economy slows because of these tariffs, the Mexican economy will slow as well.But there's also an indirect effect through currency markets, and I think this is a channel that's more broadly applicable across EM. If the Fed is going to be on hold, like we think holding interest rates higher for longer than the market might currently think, that means that EM central banks who might want to lower their policy rate to support their economy are going to be caught in a bit of a bind.They can't afford to take the risks that their currency will misbehave if they ease too much too far ahead of the Fed. And so, I think there is a little bit of a constraint for EM central banks, thinking about how much can I attend to domestic matters and how much do I have to pay attention to external matters?Serena: Now, I know forecasting economic growth is difficult in even the best of times, and this has been a period of exceptional volatility. How are you and your economic colleagues factoring all of this uncertainty?Seth: It's a great question and luminary minds like Neils Bohr, the Nobel Laureate in physics, and Yogi Berra, everyone's favorite prophet, have both said, ‘Forecasting is hard, especially about the future.' And this time, as you note, is even more so. So, what can we do? We try to come up with as many different scenarios as we can. We ask ourselves not just what's the most likely outcome, because there's uncertainty. The policy changes could come fast and furious. We also try to ask ourselves, if tariffs were to go back up from where they are now, how would that outcome turn out. If tariffs were to go away entirely, how would that turn out?You have to start thinking more and more, I think, in terms of scenarios.Serena:  And does this, in your view, change how much or how little investors should focus on the macro economy?Seth: Well, I think it means that investors have to focus every bit as much on the macro economy as they have in the past. I think it's undeniable that if we're right – and the U.S. economy slows down materially, and the global economy slows down with it – longer-term interest rates are probably going to come down along the lines of what our colleagues in interest rate strategy think. That makes a lot of sense to me. I think the trickier part though is knowing where the macro economy is going.We've got our forecast, but we are ready to make a revision if the facts change. And I think that's the trickier part for investors. The macro economy still matters but having a lot of conviction about where it's going, and as a result, what it means for asset prices? Well, that's the trickier part.Serena, you've been asking me lots of questions and they've been great questions, but I'm going to turn the table. I'm going to start asking questions right back to you.But we probably have to save that for another episode. So, let's pause it there.Serena: That sounds great Seth.Seth: And to the people listening, I want to say thanks for listening. And if you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or a colleague today.

First-time jobless claims have been pretty stable since the start of March — unlike many other parts of the economy. President Donald Trump's tariffs and immigration restrictions may not be ideal for businesses, but they could give companies a reason to hold on to workers. Also in this episode: The European Central Bank cuts its key interest rate, get that EV tax credit while you can, and a martial arts master stays in Altadena, California, after losing her studio in the wildfires. 

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureThe climate scam is officially over, it has been defunded. The [CB] are struggling, Trump is setting the stage and is trapping the [DS] and China. Soon the dismantling will be complete. Trump and team are finally putting America first.  The [DS] is panicking, Trump and the patriots are releasing the puzzle pieces one piece at a time. Eventually the pieces will form a picture and the people will finally see who the true criminal. Tulsi sends a message to the [DS] and the people of this country. Trump replaces the portrait of Obama with fight, fight, fight portrait. All roads lead to Obama and HRC. Everything is being put into place to bring down the [DS].   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/TomFitton/status/1910890395304669444 USPS To Hike Stamp Prices By About 7.4% To 78 Cents Effective This Summer The U.S. Postal Service has proposed raising the price of a "forever" stamp from 73 cents to 78 cents as part of a broader rate hike set to take effect July 13, pending approval from the Postal Regulatory Commission, according to CBS News. The increase would raise mailing service prices by about 7.4%. The USPS says the hike is necessary for financial stability, continuing a trend of rate increases under former Postmaster General Louis DeJoy, who warned customers to expect “uncomfortable” pricing adjustments after a decade of flawed pricing models. Source: zerohedge.com https://twitter.com/RealAllinCrypto/status/1910415797052203317   https://twitter.com/RealJessica05/status/1910812769164603530 trade surpluses with the U.S., are now facing real consequences. Tariffs hurt them more than us. Trump holds the leverage. China, Europe, and Latin America all are feeling the pressure. This is not just a pause. It's a test: Who's ready to renegotiate the terms of global trade Xi calls on EU to join China in jointly resisting 'unilateral bullying' by U.S. There is no winner in a tariff war, and going against the world will only result in self-isolation, says Chinese President Xi Jinping amid the tariff war with U.S. As U.S. President Donald Trump targeted China with heavy tariffs while pausing levies on other countries, Chinese President Xi Jinping on Friday (April 10, 2025) appealed to the European Union (EU) to “jointly resist the unilateral bullying" by Washington.  Source: thehindu.com   https://twitter.com/DC_Draino/status/1910721712250855787   negotiate with China to remove tariffs and trade barriers, and put in place strong structural protections for IP. Trump Lobs Energy Bomb at EU EU leaders face a dire choice with no consensus. Germany and France advocate talks, aiming to lessen Trump's demands—perhaps by partly meeting his energy terms—to avert disaster. They dread export slumps, factory closures, and a downturn worse than past crises, clinging to a fragile hope of stability. The EU Commission's pleas for cohesion fall flat amid the clash. Ireland and Luxembourg brace for export losses, while Italy and Spain eye energy price hikes that could spark unrest. The European Central Bank, hampered by debt and limited options, stands by anxiously. Protests ripple across cities like Lisbon and Warsaw, split between anger at Trump and frustration with Brussels' long drift. If the EU buckles under Trump's grip, a new path could open: a alliance of sovereign states, free from Brussels' overreach and Washington's demands. The West might be tearing itself apart, but from the debris, a stronger,