Podcasts about Eurozone

We discuss the decision by the ECB to raise interest rates to an all-time high of 4 per cent. What will the impact be on the Eurozone economy? And how will the Swiss National Bank react? Dean Turner and Tom Flury explain.See omnystudio.com/listener for privacy information.

The Eurozone has been burdened with a further 0.25pps rate increase. As most current drivers of inflation in the Eurozone are not interest rate sensitive, the inflation impact of this rate hike is questionable. ECB President Lagarde attempted hawkishness at the press conference, but markets ignored the tone. No one has time to pay attention to every comment Lagarde makes. Lagarde speaks again today.

In this episode Osama Rizvi highlights where do we stand in terms of the global economy as he walks us through various indicators from Eurozone to China. Bottom line: we aren't out of the woods yet.Explore our offerings at http://www.primaryvision.co for a deeper understanding of our services.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th September 2023.

Erik Norland – CME's Economist joins IBKR's Jeff Praissman to discuss some of the biggest contributors having positive and negative effects on the Eurozone economy and the possibility of further ECB rate hikes. Contact Information: Email: erik.norland@cmegroup.com; Web: www.cmegroup.com

Our Economics Correspondent Robert Shortt says Eurozone inflation of 5.3% means further interest rates hikes likely

Shares in Evergrande, a heavily indebted Chinese property developer, plunged by nearly 90% after they again began trading in Hong Kong, following a 17-month ban. Hosted on Acast. See acast.com/privacy for more information.

We talk to Stefan Gerlach, Chief Economist at EFG Bank in Zurich and a former Deputy governor of Irish Central Bank.

Romania received EU funds to close a substandard landfill and implement better waste standards. Since then, little has changed — and no one feels responsible.

Germany's economy slowly recovered in the second quarter of the year but it's still very weak. Slow performance continues to drag down growth across the whole Eurozone.

Link to slide deck: https://bit.ly/3ORhX22   - Today we look at Nvidia's results smashing everything in sight on results and guidance and offer some thoughts on what we missed in waxing so skeptical in yesterday's podcast, while still posing a few questions on whether its trajectory is sustainable. We also note the very weak Eurozone and UK PMI data, which helped engineer a steep slide in global yields and whipsawed currency markets. In commodities, the focus is on the resurgence in silver and the collapse in gas prices and surge in uranium prices. This and more on today's pod, which features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic

PMI data for the Eurozone and U.K. reveal a sharp downturn in business activity. And, bankrupt trucker company Yellow is unleashing a bidding war in the tight supply chain market. Kate Bullivant hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Will Bain has the latest as the company buying Britishvolt misses its pay deadline. And we ask if Germany is the "sick man of the Eurozone?" as it battles flat growth. Plus ticket sales for gigs are leading the charge when it comes to summer spending, despite cost of living pressures.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 4th August 2023.

Ricardo Reis is a professor of economics at the London School of Economics and is the co-author of a new book titled, *A Crash Course on Crises: Macroeconomic Concepts for Run-ups, Collapses, and Recoveries.* Ricardo is also a previous guest of Macro Musings and he rejoins the podcast to talk about his new book as well as his overall assessment of the inflation surge of the past few years. David and Ricardo specifically discuss what constitutes a bubble, the Eurozone crisis as a story of capital inflows and misallocation, shadow banking and systemic risk during the 2008 financial crisis, Ricardo's view of the Phillips curve, and a lot more.   Transcript for this week's episode.   Ricardo's Twitter: @R2Rsquared Ricardo's LSE profile Ricardo's website   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   *A Crash Course on Crises: Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries* by Ricardo Reis and Markus Brunnermeier   *Ricardo Reis on Central Bank Swap Lines, Fiscal Sustainability, and Outlooks for Inflation* by Macro Musings

- Khu vực đồng tiền chung châu Âu (Eurozone) đã tăng trưởng nhẹ trong quý 2, kết thúc chuỗi tăng trưởng âm. Tỷ lệ lạm phát của khu vực trong tháng 7 cũng đã giảm nhẹ so với tháng 6. Đây là những thông tin rất đáng chú ý trong báo cáo dữ liệu kinh tế mà Cơ quan thống kê châu Âu (Eurostat) vừa công bố hôm 31/7. Những dữ liệu này được cho là có ý nghĩa quan trọng đối với chính sách điều hành lãi suất của Ngân hàng Trung ương châu Âu trong thời gian tới, nhất là trong bối cảnh đang có nhiều đồn đoán về việc cơ quan này có thể dừng tăng lãi suất khi lãi suất hiện tại của châu lục đang neo ở mức cao nhất trong vòng 23 năm. --- Support this podcast: https://podcasters.spotify.com/pod/show/vov1sukien/support

Niger's military junta, which took power in a coup last week, arrested several senior politicians from the overthrown civilian government. Hosted on Acast. See acast.com/privacy for more information.

We hear from Daragh Cassidy from Bonkers.ie

The international benchmark Brent crude rose about 12 percent; U.S. gasoline prices rising; Eurozone economy grows again; Three European banks do not meet requirements in stress test To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Die Notenbanken kommen ihren geldpolitischen Zielflughäfen immer näher. Nach den erneuten Zinserhöhungen in den USA und in der Eurozone wird an den Märkten über die Landungen spekuliert. Wo sieht der Boden weich aus, wo könnte es noch holprig werden? Die Antworten darauf in dieser Ausgabe. Weitere Impulse gab es von unternehmerischer Seite. In den USA sind die Quartalszahlen der Tech-Giganten Microsoft, Alphabet und Meta in den Mittelpunkt gerückt, in Deutschland ist es die Bilanz von Mercedes-Benz. Dazu die wichtigsten Zahlen im Überblick und eine jeweilige Einordnung. Vor diesem Hintergrund geht es danach in die “Community Corner”. Erklärt wird diesmal eine Trading-Strategie, mit der sich in der Berichtssaison die Einsätze verdoppeln lassen können. Und zu guter Letzt folgt der Ausblick auf die neue Handelswoche. Was muss im Blick behalten werden? Die komplette Ausgabe ist Teil der Pioneer-Membership. Wenn ihr noch nicht an Bord seid, könnt ihr unser gesamtes Portfolio zunächst testen, dazu gibt es ein spezielles Angebot, schaut einfach mal hier: https://www.thepioneer.de/willkommen

The Commerce Department measured inflation in June at 3 percent; Oil prices rise for fifth week; Ford recalls certain F-150 pickup trucks due to braking problem; Eurozone inflation forecast to be 5.1 percent this year To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

On episode 317 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the stock market vs. the Fed's balance sheet, why expectations matter more than fundamentals in the short-run, the cruel irony of investing, how to hedge hyperinflation, why no one can claim victory on a soft landing, why the U.S. economy is so much bigger than the Eurozone, Dwight Schrute and the human condition, movies are back, and much more! Thanks to Argent Capital Management for sponsoring this episode. To learn more about the Argent Capital Mid Cap Strategy ETF, visit: https://argentcapital.com/our-strategies/institutional-mid-cap/ Pick up your Tropical Bros X Animal Spirits shirt here: https://tropicalbros.com/collections/animal-spirits/products/super-stretch-animal-spirits-hawaiian-shirt Find complete show notes on our blogs... Ben Carlson's A Wealth of Common Sense Michael Batnick's The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.   Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com   Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/

From the BBC World Service: The UK’s inflation figures remain high today at 7.9%, although this is down from 8.7%. Why is it so high when compared to the USA (3%) and the Eurozone (5.5%)? Mohamed El-Erian, Chief economic adviser at German financial services group Allianz, explains. Plus, we hear from the Director General of the World Trade Organization, who has urged countries not to restrict food exports in the wake of Russia’s withdrawal from the Black Sea grain deal.

From the BBC World Service: The UK’s inflation figures remain high today at 7.9%, although this is down from 8.7%. Why is it so high when compared to the USA (3%) and the Eurozone (5.5%)? Mohamed El-Erian, Chief economic adviser at German financial services group Allianz, explains. Plus, we hear from the Director General of the World Trade Organization, who has urged countries not to restrict food exports in the wake of Russia’s withdrawal from the Black Sea grain deal.

With sustained, blow-out household spending in the Eurozone, inflation can continue for longer than anticipated. Seamus Murphy, founder, and managing director of Carraighill joins Harry Melandri of MI2 Partners to discuss why European banks could outperform asset managers and private equity in this scenario. Learn more about your ad choices. Visit podcastchoices.com/adchoices

With sustained, blow-out household spending in the Eurozone, inflation can continue for longer than anticipated. Seamus Murphy, founder and managing director of Carraighill, joins Harry Melandri of MI2 Partners to discuss why European banks could outperform asset managers and private equity in this scenario. This episode is sponsored by KraneShares KRBN ETF, the first, largest, and most liquid carbon ETF on the market. Please read the prospectus before investing at https://kraneshares.com/KRBN/realvision. Investing involves risk. Principal loss is possible. KRBN is distributed by SEI Investment Distribution Company (SIDCO). Learn more about your ad choices. Visit podcastchoices.com/adchoices

Lee Hardman, Senior Currency Analyst, and Jack Greenslade from the Global Customer Marketing Group discuss the reasons behind the latest sell-off and whether it will continue. Inflation is also set to remain in focus for markets in the week ahead with the release of the latest CPI reports from New Zealand, Canada, the UK, the Eurozone and Japan. 

Is the latest US CPI print a potential game changer for investors? Why aren't credit spreads pricing in more recession risk? And why do Eurozone countries need to restore their fiscal rules? Chris Jeffery, LGIM's Head of Rates and Inflation Strategy explains all. This podcast is hosted by Frances Watson, Content Manager. For professional investors only. Capital at risk.

Patricia & Christian talk to economist, author and one of the organisers of the 2023 European MMT conference (September 9th & 10th, details below) Dr Dirk Ehnts about Bidenomics, Britain's bankrupt water utilities, and how understanding the plumbing of modern money is vital to bringing about a just and green energy transition in the face of multiple crises facing the world today.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767     LIVE EVENTS! Rethinking Capitalism weekends (Sydney 22nd and 23rd July, Canberra 26th and 27th August): https://modernmoneylab.org.au/events/ Sign up to the Gower Initiative For Modern Money Studies' mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): https://gimms.org.uk/mailing-list/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/     Relevant to this episode: All our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Dirk Ehnts' website: https://www.dirk-ehnts.de/ Dirk Ehnts on Twitter: https://twitter.com/DEhnts For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around - sometimes called “Wicksellian money” after Knut Wicksell), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 For more on why government bond issuance (so-called government “borrowing”) does not “crowd out” private sector investment under a floating exchange rate currency regime, listen to episode 142 - Every Deficit Is Good For Someone: https://www.patreon.com/posts/71264759?pr=true For more on the MMT Job Guarantee, see “Our Job Guarantee episodes” (below).     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf   Order the Gower Initiative's “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929      Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/     More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses In 2023: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the MMT Summer school in Poznań, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos     Show notes: https://www.patreon.com/posts/85988155?pr=true

Australian James Aitken is the Founder and Managing Partner of Aitken Advisors, a one-man macroeconomic consultancy based in Wimbledon, England that works with approximately one hundred of the most influential pools of capital in the world. James started his career in 1992 as a foreign exchange trader, moved to London in May 1999, and in March 2002 joined the infamous AIG Financial Products team in London. In August 2006 he joined UBS, where he deployed his knowledge of the inner workings of the financial system to help his institutional investor clients successfully navigate their portfolios through 2007 and 2008. At the urging of his clients, James established his own firm in June 2009. Our conversation covers James' perspective on the Global Financial Crisis from his seat at its epicenter, the Eurozone crisis in 2011, subsequent process-driven opportunities in Greece, views on Central Banks in the US, China, & Europe, some brief observations on India, positioning for the current environment, and what makes a great macro manager.   Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership   

Everyone knows that Europe is one of the seven continents in the world, right?  Well, there is actually a problem with that. For starters, where exactly does Europe end and Asia begin? On top of that, there is more than one Europe. While there is a geographic Europe, there is also a political, economic, and cultural Europe, and every one of those is slightly different from the other.  Learn more about the differences between Europe, the EU, the Eurozone, and the Schengen Zone on this episode of Everything Everywhere Daily. Sponsors Expedition Unknown  Find out the truth behind popular, bizarre legends. Expedition Unknown, a podcast from Discovery, chronicles the adventures of Josh Gates as he investigates unsolved iconic stories across the globe. With direct audio from the hit TV show, you'll hear Gates explore stories like the disappearance of Amelia Earhart in the South Pacific and the location of Captain Morgan's treasure in Panama. These authentic, roughshod journeys help Gates separate fact from fiction and learn the truth behind these compelling stories.   InsideTracker provides a personal health analysis and data-driven wellness guide to help you add years to your life—and life to your years. Choose a plan that best fits your needs to get your comprehensive biomarker analysis, customized Action Plan, and customer-exclusive healthspan resources. For a limited time, Everything Everywhere Daily listeners can get 20% off InsideTracker's new Ultimate Plan. Visit InsideTracker.com/eed. Subscribe to the podcast!  https://link.chtbl.com/EverythingEverywhere?sid=ShowNotes -------------------------------- Executive Producer: Charles Daniel Associate Producers: Peter Bennett & Thor Thomsen   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 6th July 2023.

Anyone worried about inflation “stickiness” should look at Eurozone producer price inflation over the past 40 years. May Euro producer price inflation likely fell into deflation, having plunged some 45 percentage points in a year. Energy is a big part of this, but the collapse of inflation pressure is nonetheless astonishing. Most profit-led inflation is not in producer price data - it is generally a consumer price issue.

Shownotes and Transcript... George Soros is one, if not the most, dangerous person in the world. This may sound like an overstatement but our guest today will explain why.  Richard Poe is a bestselling author and respected journalist, sixteen years ago he co wrote the most comprehensive analysis of the web that Soros has spun worldwide.  Detailing the connections, control, influence and how the monster we see today was created by the British and nurtured by the Americans.  This will shine a light on one of the most secretive and powerful individuals and show how ignorance has allowed his ascent. Richard Poe is a New York Times-bestselling author and award-winning journalist. He has written widely on business, science, history and politics. His books include The Shadow Party, co-written with David Horowitz; The Einstein Factor, co-written with Win Wenger; Perfect Fear: Four Tales of Terror; Black Spark, White Fire; the WAVE series of network marketing books; and many more. Richard was formerly editor of David Horowitz's FrontPageMag, contributing editor of NewsMax, senior editor of SUCCESS magazine, reporter for the New York Post, and managing editor of the East Village Eye. Connect with Richard... WEBSITE:     https://www.richardpoe.com/ TWITTER:     https://twitter.com/RealRichardPoe?s=20 SUBSTACK:  https://richardpoe.substack.com/ 'The Shadow Party: How George Soros, Hillary Clinton, and Sixties Radicals Seized Control of the Democratic Party' Available in print, e-book or audio book from Amazon  https://www.amazon.co.uk/Shadow-Party-Hillary-Radicals-Democratic/dp/1595551034/ref=tmm_pap_swatch_0?_encoding=UTF8&sr=1-1 Interview recorded 21.6.23 *Special thanks to Bosch Fawstin for recording our intro/outro on this podcast. Check out his art https://theboschfawstinstore.blogspot.com/ and follow him on GETTR https://gettr.com/user/BoschFawstin and Twitter https://twitter.com/TheBoschFawstin?s=20  To sign up for our weekly email, find our social media, podcasts, video, livestreaming platforms and more...  https://heartsofoak.org/connect/ Please subscribe, like and share!   Subscribe now Transcript (Hearts of Oak) Hello, Hearts of Oak, and welcome to another interview coming up with Richard Poe. He has co-written a book with David Horowitz. This was back in 2006, but still as relevant today. And that is The Shadow Party, how George Soros, Hilary Clinton and 60s radicals seize control of the Democratic Party. George Soros is a huge figure, and this is the first book that actually delves into his life and how he's been involved in color revolutions, coups all around the world. His life story, moving to the States, his involvement with the left. So much packed in. I know you will really enjoy listening to Richard unpacking delve deep into the life of George Soros. Thankful to have you with us today. Thank you so much for your time. (Richard Poe) Thank you, Peter. Great to be here. Good to be. And we are going to discuss your book. We're also going to discuss some articles, but just for the viewers. Richard Poe's probably 10, 11 different books and here are a number of them that we are going to look, Hilary's Secret War, but we're actually going to look today at The Shadow Party, How George Soros, Hilary Clinton and 60s Radicals Seized Control of the Democratic Party and you wrote that along with David Horowitz, who we've had the privilege of having on before. And now you're a bestselling author, a journalist, investigative reporter, and people can find at Richard Poe, @RealRichardPoe on Twitter and RichardPoe.com. And of course, Substack is there as well @RichardPoe. And I, Richard, I've actually found your your kayak video strangely entertaining, off-topic. I've enjoyed watching them. You must be a kayaker yourself.  No, I'm not. No, I am not. I just, I was intrigued. It was a whole, something completely different. So I enjoyed watching your documentary on it. Well, there is something fascinating about the kayak role. And it took me many years before I finally committed myself to learning it after, but I always used to just be mesmerized to watch people do that, whether on videos or in person, there's something magical about it. And once you actually learn it, it doesn't feel any less magical. It's, you know, of course, it's just like anything else. You learn the moves, you learn how to do it, But there's magic in it. It's something that just feels so wonderful. And I just had to make a film. A short film, five minutes, just trying to convey to people as best I could what this feels like, what it's really like to capsize in a small boat where you're jammed into a cockpit, you know, by your waist, hang upside down in the water, and then turn yourself right side up. You know it's, in a small way, I guess it's like jumping out of a plane with no parachute, and then somehow lifting yourself back onto the plane. Maybe that's too dramatic, but, that's how I like to think of it.  It's fun watching, of course, it's on your website, people can people can see it and there I mean just in The Shadow Party going to source there's so much to cover we'll we'll not do one of your marathon sessions that you do with Noor Bin Laden, those are all available for the viewers to watch you've just started doing them in video I know and that's all on substack but probably the book it's been out 2006 it came out. What led you to write it because now this is part of the conversation, the whole thing with, money, with control, with Soros. What led you to actually putting pen to paper on the book? Well I had researched Soros for many years. I first wrote about him in 1993, in my very first published book. It was called How to Profit from the Coming Russian Boom, and I had some expertise in Russia and I had been there as a business writer for Success Magazine. I had gone there a number of times in the early 90s to, cover the fall of communism and Soros was there, you know, he was part of the party, a big part of it. And at that time, I wrote very positively about Mr. Soros because I felt he was one of us, whoever us are, you know, us Westerners who are... And at that time, I believed very much in the Cold War narrative that we of the West represented freedom and democracy and all those good things. And we had to overcome communism. Communism was the great dragon. And, so Soros, I felt, was just one more person helping us to dismantle the Soviet Empire and teach the Russians how to become capitalists, quote-unquote, and become like us. It all seemed like a very noble enterprise at the time, and I wrote very positively about Mr. Soros and everything he was doing in Russia. I wasn't unaware that there was a dark side to Soros and some of his activities, but well, let's just say I wrote positively about him. And my book was quite influential. It was praised by the London Financial Times as being the first book to explain the privatization process in Russia, which was done by means of a voucher system. The government issued vouchers to every Russian citizen, every Soviet citizen, which were worth 10,000, how did it work? Each one was worth, you could be traded for 10,000 rubles, I think, 10,000 rubles worth of shares in any of the state-owned companies that were being auctioned off. And what happened, of course, is that this happened after my book came out. No one had a clue that this was going to happen. Soros and his cronies, they convinced Yeltsin to do shock therapy, as they call it, to basically de-control all prices and currency values, all at the same time, which led to immediate hyperinflation at catastrophic levels. And so these vouchers became worthless overnight and all the Westerners bought them up, and used them to acquire eventually the crown jewels of the Soviet economy. So this was one of the things that actually led, this is back in the early 90s, but it led to a lot of the ill feeling, between the Russians and the West, which we're now dealing with today, because at that time, the Russians were really.... There was an innocence about them. They were really so grateful in many ways. They wanted this kind of help from Westerners, and especially Americans. They trusted us in a very special way, in a way that they didn't trust other Westerners. And unfortunately, thanks to Mr. Soros and Jeffrey Sachs, who was working with him on this project, and a lot of people at Harvard University, almost instantaneously with the image of America as friend and savior was destroyed and we were perceived as a gang of thieves who were coming to strip the country of all its wealth. And I don't think that perception has ever left. So I was aware of that as it was happening, but as I said, that happened after my book was published. So my book was totally positive about Soros, but... Please tell me if I'm going to too many details about this, but to me it's a very interesting story because, see, Soros himself had declined my request to be interviewed for the book, but he did kindly allow me to interview some of his people, and I had some expectation that maybe, you know, Soros would like the book, it might lead to some further talks, interviews, whatever. But instead what happened is, I think it was only two years after my book came out, a very similar book came out. And this happens a lot in publishing, by the way. If they, the aesthetic of a certain book, they actually replace it with a similar book. So my book was called How to Profit from the Coming Russian Boom. This other book comes out a couple years later, I think it was from the Free Press. And it was called The Coming Russian Boom. They basically took a fragment of my title and made this other book, which also looked kind of similar, the cover design. And on the back of this replacement book, this book that was meant to replace mine, was a big plug by George Soros himself saying, if you want to read a book by real Russia insiders who really know what's going on, read this book. And just to make it clear, a known Soros operative wrote a review saying, Richard Poe's book is now totally out of date. You should now read this new book, which has an almost identical title to his and a similar colour design and which was published only two years later. So you ask, how did I first come across Mr. Soros? Well, it was that. Was I particularly upset? No, not really. I was on to other things, you know, writing other books. I just thought, Well, that's a little curious. But I think the reason they did that, I think the reason my book was disliked is one for the very reason that the Financial Times had said, because I had given such a clear, explanation of the privatization process and how it worked, and then shortly thereafter Soros and his cronies had completely corrupted the privatization process. So I think that was one thing that I did bad. And another thing I did, was I told the truth about the corruption in the Moscow city government, and I was clued in by certain people in Russia that Mayor Lushkov, who I had accused by name, was very disturbed with me, and that sales of my book in Moscow, particularly in the crucial airport bookstores where foreigners would be likely to buy it had been banned. And so, this was my very first book. You know, it got a star for excellence from Publishers Weekly, got reviewed in all the right places but obviously Mr. Soros didn't like it. He endorsed this competing book which appears to have been manufactured for the express purpose of outdating mine. So anyway, I don't mean to go into all that except just to emphasize that me and Mr. Soros go back quite a ways. I first ran across him, one might say ran afoul of him in Russia in the early 90s, as did so many people. And so then much later in 2004, I got a phone call from Chris Ruddy, the founder and editor of Newsmax. I was one of the original columnists at Newsmax. It was started in 1998, I believe, and I started in 1999. And Chris called me up. He says, look, we wanna do a big expose about George Soros and put it on the cover of Newsmax magazine. Would you like to write it? I said, sure, let's do it. And so, that led to my next encounter indirectly with Soros. I never actually have met him or communicated with him in person or directly, but it seemed every time I ran across him, something ill-omened occurred, you know, it was strange. So, I wrote this article, which seemed a perfectly legitimate exercise of free speech in the home of the free and the brave, the United States of America as working journalists. Why shouldn't we write an expose of George Soros? After all, he was coming out very publicly, speaking out on political matters, saying he was going to donate $25 million to oust President Bush from office. And that's why Newsmax wanted to write about him, all seemingly fair game, you know, and the type of thing one would normally write about. Well, so I wrote, what I wrote about was the same subject I'm writing about now, all these years later, that what Soros was actually doing, and what he was boasting that he was going to do was to go outside of the normal bounds of political electioneering in the United States. And he said, what I have done in other countries, I am now going to do in the United States. And he said, actually, he was going to do a regime change, quote unquote, to remove President Bush. So I was familiar at that point in large part because I had some experience in Russia, in Eastern Europe. I knew what a colour revolution was. Most people didn't at that time. I knew that Soros was involved in these things, and I knew he had helped overthrow a number of governments, not only in Eastern Europe, but all over the world. People think he just does this in Eastern Europe. He's done it in Africa, Asia, everywhere. But, um...When I heard Soros saying these things, I knew exactly what he meant, and I felt I need to explain this to the American people. And so my article was called George Soros' Coup, and it basically explained this guy does color revolutions, and he seems to be implying that he's going to do that here in the United States. Well, it didn't quite happen in the election of 2004, although there were some strange goings-ons from the Democrat side. But for our story right now, what is interesting is that my Newsmax cover story was a big success. I was immediately called to appear on The O'Reilly Factor with Bill O'Reilly. And I did a seven-minute spot on The O'Reilly Factor. The very next day, a completely new outfit, called Media Matters for America, which George Soros had helped to found. It was it was something he and Hilary Clinton and John Podesta and a few others had been totally involved with from the ground floor. So, they attacked me, in a way I'd never been attacked. I mean, there must have been three, four different articles all all about little old me, and basically saying that I was a liar, that I got all my facts wrong. You know, saying exactly the things that if they were true, would completely disqualify me to work as a journalist ever again. They were in fact defamatory. And... Well, can I just step back a little bit just to continue now, but colour revolution, it's something you have mentioned as a phrase, and I know there's a great article, we might get into the British aspect of it, but How the British Invented Colour Revolutions, you wrote back May 2021, and that's available on your substack, but that term colour revolutions probably will not mean anything to many people. It's still a term which isn't widespreadly used. Do you want to just touch on that to let the viewers know what you mean by a color revolution? Sure. A color revolution is basically, it's just a term that's used to describe what is basically a fake revolution. When foreign intelligence services go into a country and create a fake revolution which is meant to look like a people's uprising, a spontaneous uprising of the people, but is actually a foreign-sponsored coup, hiding behind the facade of a people's uprising. And just to give an example, not to get into my recent articles, but I recently discovered and have argued in some recent articles that the French Revolution and the Russian Revolutions were, in fact, color revolutions. It is my contention that the British Secret Services were behind both. But that's just to give an example where a revolution that most of us until now, until recently, have assumed, entailed some kind of spontaneous uprising by an aggrieved population. Yes, to some extent they were, but this, whatever discontent among the people may have manipulated by foreign intelligence services, making it a fake revolution, making it a foreign-sponsored coup, and this type of revolution has been nicknamed in recent years a color revolution. It's called that because often these revolutions use team colours to identify themselves. That for example, there was a so-called orange revolution in the Ukraine in 2004. And if you look at pictures on Google, you'll see crowds in a sea of orange banners, orange everything. And interestingly, even going back to the French and the Russian revolutions, They too had their team colors, team symbols. The French, of course, had their tricolour badges and their so-called Phrygian caps that they wore. Which were red with the tricolour badge on it. In the Bolshevik Revolution, of course, the colour was red again, red for socialism, red for communism. And they also wore a distinctive cap called the Scythian cap, which looks strangely like the Phrygian cap that the French had worn, but whatever. So even in such details as the use of these kind of evocative coloured symbols, and they weren't always colours. Sometimes they were flowers or other kinds of symbols. But they're called colour revolutions for that reason, because somebody decided to name them that. Originally, the first one that came to wide public attention was the so-called Velvet Revolution in Czechoslovakia, during the fall of communism. And that too was, George Soros was heavily involved in that, as were many Western governments and intelligence agencies and so forth. And that was called the Velvet Revolution. It still is to this day. And that term Velvet Revolution actually caught on in Eastern Europe for quite a bit. Often these revolutions were called Velvet Revolutions, but somewhere along the line, they started calling them Colour Revolutions and that stuck. So I now use the term, it's not my favourite term, but that's what it means. A fake revolution generally orchestrated by a foreign intelligence agency or agencies, to masquerade as a popular uprising. And so George Soros has been involved in these, for many decades, funding them, being a public apologist for them, going before the press just to justify them and basically act as a propaganda voice to explain why it was necessary to do these. And the propaganda is very necessary because generally what happens in these so-called colour revolutions is that an election occurs, somebody wins, and that somebody is not the person whom the Western powers wanted to win. And so then they create an uprising saying the election was stolen, it was all fake, it doesn't match the exit polls, so let's bring all the people out into the street, often with quite a good deal of real violence. These things are often called bloodless coups, but I think they are rarely bloodless, and often they involve pretty significant violence. Certainly in 2000, when they overthrew Milosevic in Yugoslavia, there was very significant violence. They set fire to the parliament building. They had armed paramilitaries blocking all the roads around Belgrade, armed with military weapons. And... So, although they're considered bloodless, stereotypically, they're usually not. Any more than the Russian or French revolutions were. So, that's what it is. It seems like an exotic idea, but it's really not. Governments have been doing this for ages, but the British, in particular, I've learned in the last few years, have been doing this for centuries and really excel at it. It's often assumed that Americans are the ones who invented this and who are the best at doing it, but it's not true. Whatever we know, we learned from the Brits.  Let's go on Soros, because Soros, he obviously ended up in London as a refugee, then went to LSE, London School of Economics, went to the U.S. and it seemed to be that his desire was to to make money and return and something kind of happened on the way to the point where I think the midterms, I read somewhere what was a figure was a hundred and twenty eight million dollars I read and that made him the largest single donor in the midterms just past that election cycle and kind of something happened along the way for him just wanting to make money to actually being part of a mass funding campaign off the left?  Well I gave my theory on this very subject in a recent article called How the British Invented George Soros and basically the answer to your question, I think, is that Soros is not his own man. It is my contention that he was recruited as an asset of the British government, the British Foreign Office, and possibly of British intelligence agencies. The fact is that he has been from the beginning involved in activities such as regime change. In foreign countries, activities which, frankly, he would not be allowed to take part in unless, he were under the supervision of some intelligence agency or another. And it's often assumed that he works with the CIA and that he is a CIA asset, and that's generally the default position that most people take. But I believe that he is a British asset, and I made what I think is a pretty strong argument for it in my article. He came to England as a refugee from a communist Hungary when he was 17 years old. He lived in England for 9 or 10 years, during which he graduated from the London School of Economics. He started work in the city of London, learned the arbitrage trade. And during that time, it appears he was selected by a group of very powerful men who include some of the most famous names in global finance. And he was sent, I believe, to the United States to basically act as an agent for this group, this cabal, if you will, of British financiers. And one Lord William Rees-Mogg, who happens to be the father of Jacob Rees-Mogg, I have named him the man who created George Soros because he almost single-handedly created the legend or the myth of Soros as one, the greatest financial genius in the world, and two, as quote-unquote the man who broke the Bank of England. These myths, and I think both are myths, actually. Both of these myths were created and promoted by Lord Rees-Mogg and his colleagues at the Times of London. Rees-Mogg was the editor of the Times for I think 15 years and then he became a vice president of the BBC. But perhaps more importantly, he has a very unique position, or he had, he died in 2012, I call him a gateway or a bridge between worlds, because he was a man who was a very close personal friend of the British royal family, and he was also a very close personal friend of Lord Jacob Rothschild. And he was a bridge between the British aristocracy, you know, the British blue blood society, if you will, and the grubby world of City of London investment, where one had to rub shoulders with such characters as Hungarian refugees, such as George Soros. And Rees Mogg had that job. He moved between those worlds and he was a bridge between those worlds. And it's a little known fact that Soros' quantum fund, Soros actually leaked in one of his books, it was an authorized, and I think Soros actually commissioned this book, it was called George Soros, Messianic Billionaire, something like that by a guy named Kaufman. And in that book is a leak that the Queen of England, Queen Elizabeth II, was one of the investors in the Quantum Fund. Now, there's a great deal of secrecy, as you know, regarding investments by the royal family, this information is closely guarded, but quite often they leak information about where they're investing, such as famously in the mining company Rio Tinto. There were a number of quasi-official leaks about royal investments in that company. And I think they do this in order to pump the stock. I mean, I think when these leaks occur, it's because they're trying to pump the stock. And there was such a leak regarding Soros' quantum fund. So I think, and it appears to me that Soros was really an artificially created person. I don't believe at all that he was was the greatest genius in the financial world. I think he was built up into that by Lord Rees-Mogg. And for example, his greatest act of genius supposedly was breaking the Bank of England. Where in 1992, he supposedly shorted the Bank of England to such an extent that Britain was forced to devalue its currency by 20% And it was a huge catastrophe. But in reality. That story, actually, the story that Soros did it, comes from Soros himself. And it can't be proven because his operations are in the Netherlands Antilles, which is a secrecy jurisdiction, a banking haven. And there is no way to prove what he actually did in that operation. But it's come out that there were many, many players, including some of the biggest banks, biggest pension funds, biggest financial institutions in the world who were taking part in that run on the pound. And Soros was allowed by Rees-Mogg and his colleagues at the Times to take credit for it. And they actually named him in a big banner headline, the man who broke the Bank of England. But he was just one among many and by far not the largest. So, why did Rees-Mogg do this? Well, he quickly demonstrated that because Rees-Mogg's next move was then to write a series of articles explaining to the British people why Soros was a hero and that his devaluation of the pound had saved Britain from having to honour its commitment to enter the Eurozone because by devaluing the pound by 20%, Britain was no longer qualified to enter the European exchange rate mechanism and was no longer qualified to become part of the Eurozone, and that's why it still isn't to this day. And so Rees-Mogg just sang the praises of Soros, called him a hero. He said there should be a statue erected in front of the treasury of him and things like that. And other British journalists have said similar things, that he should get a knighthood and so forth and so on. So that's why I say it was all a myth. Soros himself didn't actually do it single-handedly. And moreover, far from being an attack on the British establishment, It appears to have been a British economic warfare operation which the British establishment deliberately inflicted on its own central bank for political purposes, and for which Soros was assigned to take the blame or to take the credit. So once he had done that operation, then he was very famous. He had become a celebrity overnight. The Times was doing everything it could to convince people he was a wonderful guy. And they immediately started saying what a genius and a financial prophet he was. And Rees-Mogg started saying, oh my goodness, Soros is buying gold. Let's pay attention to what he's doing because if he's buying gold, maybe we should buy gold too. So what happened was, I think this was in 1993, Soros's next assignment for this group around Rees-Mogg and Jacob Rothschild. His next assignment was to buy a large number of shares of Newmont Mining Corporation, I think was and is the largest gold mining operation in North America, and he bought them from Jacob Rothschild and Sir James Goldsmith. And so Rees-Mogg, was telling everyone from the Times, look, Soros is buying gold, but some people noticed, well, yes, but Rothschild and Goldsmith are dumping it. So what does that mean? Despite these ambiguities and puzzlements, they did succeed in hyping the price of gold. The price of gold skyrocketed. Rothschild and Goldsmith made a killing, as I think did some of their other associates in the St. James Capital Group, of which Rees-Mogg was an officer at the time. And strangely Soros himself supposedly lost money on that deal, which is very interesting because although his myth touts him as a lone wolf who only looks out for number one for himself. It really looks like he took one for the team in the great gold scam, as I call it, this gold hyping scam. It appears to have been done for the specific purpose of allowing Jacob Rothschild and Sir James Goldsmith to realize a profit on their previous purchases of Newmont Mining, which had been performing sluggishly. And so this operation appears to have been done for no other reason than to allow these two men, to make some money. And Soros took a hit on that one. He took a hit for the team. He was a team player. So based on these kinds of things, I mean it goes on and on. You could say it's kind of circumstantial evidence, but it's pretty clear that from the beginning, Soros, whatever his gifts and abilities may have been, I'm sure he's very smart, I'm sure he was selected because he was deemed to be a talented person and all that, but he certainly is not the greatest financial genius in the world, that's not how he made his money. He made his money by being adopted by this very powerful group in the city of London and serving them, being a good servant and being the public face of them and their operations. And so he went to America and the rest is history. But now today, he's presumably still alive, despite recent reports of his death, I mean, who knows anymore who's alive and dead. So true. But he has passed it over, we're told, to one of his sons. Do you think it's the end then of that era? Do you think the damage is already done? Do you think it's being passed over just to keep the financial side and it's not the political engagement? What are your thoughts as you kind of see that transfer? Well, I don't imagine that with all the investment which I will say which the British have done in building up the Open Society Institute, I can't imagine they'll simply abandon it. Obviously, it's not going to be the same without George Soros there. Alex Soros, I presume, is nothing more than a figurehead. The man who runs the Open Society Institute is its president, and he's a guy named Lord Mark Malloch Brown, a name with which you may be familiar. Malloch Brown has a similar career trajectory to Soros. He has been involved for decades in regime change operations in foreign countries, in rigging elections in places like the Philippines, and other such targets. And then in 2015, He had just, there was a British takeover of this company called Smartmatic, and by the way, Smartmatic is going around suing people for billions of dollars, so if you want me to shut up right now, I will. I won't say another word.  Feel free to give us your opinion, Richard. Well, whatever else one may or may not say about Smartmatic, what they did was sell voting, a voting system. And so in 2015, the same Lord Mark Malloch Brown, who had notoriously been doing regime change operations all over the world, obviously connected with intelligence. He was a high-level UN official under Kofi Annan. I mean, this guy was obviously, you know, had some role in the intelligence community, I would say. I would say it's obvious. But now he's running the Open Society Institute, but he was given that position right after the US election in 2020. And some people said that was his reward. I'm not gonna comment about that. But his Smartmatic machines and software became very controversial. And in 2015, he was openly trying to market his Smartmatic system to the United States. In the States, it's the state governments which purchase, you know, they each has its own policy for voting systems. So he was trying to sell these to state governments and people often say, well, he never succeeded. I mean, they have a few Smartmatic machines in LA, supposedly, and not nowhere else. All I can tell you is. And this I believe is the very subject of this multi-billion dollar lawsuit that's going on, but there were people in high places who seemed to be in the know, who were close to the Trump campaign. I believe Rudy Giuliani was one, Sidney Powell, others who were basically saying that the Smartmatic software was actually being used by other companies to run other voting machines and that in fact the Smartmatic software was the evil potion that enabled them to do all these alleged alterations of the vote. So, is any of that true? Well, I don't know. I can't prove it. And, you know, anybody who opened their mouth in public and spoke of it is now being sued. You know, defamation law is a very good thing. People should be allowed to sue for defamation. I do think it's very odd to have foreign companies providing voting software to the United States of America and then being able to sue people into silence who legitimately raise questions about the integrity of those systems. I find that very strange and disturbing. But that's what's going on. You know, back in 2000, I remember very well, there was a dispute, started by, you know, Gore. Gore challenged the election result, famously, and for weeks and weeks and weeks, the world watched in astonishment and horror as the United States seemingly descended into a third world country unable to count its own votes. But no one at that time ever suggested that people should not be allowed to have an opinion or to speak? About whether they thought that Bush or Gore had won. That would have been unthinkable. Suddenly that's the case. Suddenly that's the situation we're in. But anyway, whatever that means. So this Lord Mark Malloch Brown was right in the middle of that, right in the middle of that storm, right in the eye of the storm. And let me just remind you that he was a long-time friend and collaborator of George Soros. In fact he lived next door to Soros in a house provided by Soros in upstate New York when Malloch Brown was working as a UN official. He was some sort of aid to Kofi Annan and he was basically put up by Soros. And they're very good friends. And they've collaborated on many regime change operations throughout the world, which is not the sort of thing every normal person gets involved in. But these two, for them, that's a big part of their lives and has been for decades. So strangely, you know, this same Malloch Brown ends up as the CEO of Smartmatic. And then as soon as that operation is finished, he's appointed by Soros to be the president of the Open Society Institute. And now he's disappeared from sight. And everyone's pointing to Alex Soros saying, Alex Soros is now going to take over for George Soros, and that's fine, but I've got my eye on Malloch Brown. I mean, I doubt very much whether Alex Soros is actually running it. In fact, I remember some years ago, Soros actually tried to pass on the baton to, at that time, I think all his sons, If I remember correctly, he was trying to... He was trying to turn over Soros Fund Management, which is his investment arm, to his sons, and then he all of a sudden reneged and took it back. And people said, I thought you were going to give this to your sons, why did you take it back? And Soros, here's an interesting father figure for you. He said, well, I discovered that my sons didn't have the talent to run it. And the interviewer said, what sort of talent do you mean? He said the talent for making money. Wow.  So without going into all the Freudian or psychoanalytic aspects of it, I mean, whatever else one can say about Mr. Soros' sons, I can't imagine they're big fans of their father. Can I just finish off on the book. In 2010, Glenn Beck did a series, Puppetmaster, that was based on the shadow party on your book. I know he was cancelled soon after on Fox. I don't know whether it was linked to that, but this was probably the first book to expose sources funding off of color revolutions which we've discussed. It's not something that people are supposed to discuss and then you produce this book by a large publisher which I always find intriguing. Maybe it would be different if you redid it today but that with Glenn Beck putting that in and bringing it with Glenn Beck's reach on Fox and then getting cancelled this obviously is something that you're not supposed to discuss. Yes, at that time, it was an extremely sensitive subject. I did not realize how sensitive it was until after I put my foot into the punji steak, so to speak. But I knew I was pushing it, and that's part of the reason why I invited my then employer, David Horowitz. I actually invited him to co-write the book with me, hoping that his name would not only help promote the book, and make people take it seriously, but I thought maybe it might afford some protection for me. And I think it did all of those things to some extent. I think it would have been much worse for me if I had tried to write the book myself, I think it was a wise thing to do. But nonetheless, I was punished quite severely by the powers that be for daring to write about that, because these color revolutions, these are intelligence operations, and especially at that time when people were not writing about it, when to write about such things and to do it with a co-author of the stature of David Horowitz, and then to appear on Glenn Beck reaching you know an audience of millions, a national audience on Fox News. If you're in the national security establishment, if you're somebody who's involved with these operations and you're trying to project a certain image of their innocence and spontaneity and then someone comes along and puts out a narrative that says, oh actually this guy George Soros is pulling the strings behind these things. Well, you know, we can see now how sensitive, a lot of these intelligence people are to anyone tampering with their narrative, you know, with all the recent hysteria over misinformation and disinformation. And so forth. Well, they didn't used to speak so publicly about it, still pretending, that they weren't involved in media, that is, the intelligence community. Now they've dropped that pretence. Back then, we still were allowed to have this illusion that we are a free press, and we can say what we want and all that, but clearly I was interfering with a very important intelligence narrative. And I was doing so almost uniquely, and certainly the size of the platform that I had accessed was, and getting on national TV and all the rest, it was a challenge to the, It was a challenge to the national security establishment, whatever you want to call them, to the security forces, if you will. It was a direct challenge to them, and I was a small target, nobody else was writing about this. So it was a simple matter to silence me. And I want to say, you know, we talk a lot today about cancellation, and you know, people being cancelled and un-personed. And it's important to understand, you know, nowadays we see Tucker publicly thrown out of Fox News and we think that's what it means to be cancelled or Matt Taibi kicked out of The Intercept. And so we have this illusion that to be cancelled means that you're publicly punished for doing something good and thrown out and then everyone rallies to your rescue and you're even bigger and better than before. And supposedly that's what it means to be cancelled. But those are not real cancellations. The way cancellation is really done, and the way it's been done traditionally, and the way it's done usually, especially in free societies like ours, is very quietly, behind the scenes, very insidiously, so that nobody even knows it happened. And that's all I'm going to say about that.  Well, that's perfect end. And let's again just leave the viewers the shadow party, how George Soros, Hillary Clinton, and 60s radicals seized control of the Democrat Party. It's available. I listened to it. You can get his hardback, paperback. It is a huge subject that is relevant today, if not more relevant than it was in 2006 when you wrote it. Richard, I appreciate your time. Thank you so much for coming along, sharing your thoughts on the book. Thank you.  Thank you, Peter.

S&P Futures are displaying positive gains in the pre-market. This morning the market will be paying attention the Personal Income and Outlays report for May. The PCE report is a key inflation indicator and provides import data for FOMC members when deciding on the path of interest rates. Eurozone inflation fell more than expected in June despite rising core rate. NKE delivered a slight miss on earnings on higher revenue last night, this morning STZ is scheduled to release. European markets are higher and oil futures are slightly higher.

Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc.

Aegon vertrekt gedeeltelijk uit Nederland. De verzekeraar verhuist naar Bermuda. Waarom en wat de gevolgen voor de aandeelhouders zijn, bespreken we in deze aflevering. Is dit het begin van een volledig vertrek? Ook gaat het over Nike, dat bewijst met de Jordan-collectie meer dan ooit z'n commerciële magie. Verder gaat het over de inflatie die afneemt en ASML die nóg minder machines aan China gaat leveren. Ook beantwoorden we een luisteraarsvraag. Heb je zelf vragen? Mail naar brnbeurs@bnr.nl. Andere onderwerpen in deze aflevering: De fusie van DSM-Firmenich is pas net rond en nu al komt het bedrijf met een winstalarm. De zoveelste klap voor aandeelhouders. Hoe kan het bedrijf beleggers weer opbeuren? Een ander bedrijf dat last heeft van een achterblijvende beurskoers: Prosus. Het probeert daar al jaren wat aan te doen. En deze week zette Prosus een nieuwe stap om van die hardnekkige korting af te komen. Tesla is z'n geld niet meer waard. Het aandeel is te duur, zeggen grote zakenbanken. Kun je het aandeel maar beter links laten liggen?  De hele week staat in het teken van BEACH-aandelen. We staan stil bij de letter 'E' van Entertainment. Denk aan bedrijven als Disney en Six Flags. En we maken de balans op, want hoe zit het met de andere letters? De 'B' (Booking), 'A' (Airlines), 'C' (Cruises) en de 'H' (Hotels). Zit er wat tussen voor jou?    Tot slot krijg je een vooruitblik op de volgende beursweek. See omnystudio.com/listener for privacy information.

Der digitale Euro soll das Bezahlen in der Eurozone vereinfachen. Brauchen wir ihn wirklich? Und: Noch nie sind so viele Menschen aus der Katholischen Kirche ausgetreten.

Ben, Tom, and Moe go over the news of President Biden's meeting with Indian Prime Minister Modi, a slowdown in the Eurozone, and 3M reaching a settlement over their contamination of water systems. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

GET TIM'S FREE Portfolio Review HERE: https://bit.ly/redpilladvisor And become a client of Tim's at  https://www.TheLibertyAdvisor.com GET HEIRLOOM SEEDS & NON GMO SURVIVAL FOOD HERE: https://heavensharvest.com/ USE Code WAM to get FREE shipping in the United States! GET AN EXTENDED FREE TRIAL FOR ICKONIC WHEN YOU SIGN UP HERE: https://www.ickonic.com/affiliate/josh10 GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the approaching recession. While we've been in a recession for over a decade, papered over, banks are now warning that a full fledged collapse of the stock market and recessionary scenario is on our doorstep. Wells Fargo is saying, "This won't end well." Meanwhile, the Eurozone is officially in a recession and purchasing power of the dollar, pound and euro are collapsing. In this video, Tim explains how this will effect the average person and why we should be concerned. Also, it's important to know the solutions which there are many, if people actually want to utilize them rather than simply complain about the monetary environment we're currently living in. Stay tuned for more from WAM! HELP SUPPORT US AS WE DOCUMENT HISTORY HERE: https://gogetfunding.com/help-wam-cover-history/ BUY YOUR PRIVATE CLEARPHONE HERE: https://www.r1kln3trk.com/3PC4ZXC/F9D3HK/ LION ENERGY: Never Run Out Of Power! PREPARE NOW! https://www.r1kln3trk.com/3PC4ZXC/D2N14D/ GET VITAMINS AND SUPPLEMENTS FROM DR. ZELENKO HERE: https://zstacklife.com/?ref=WAM STOCK UP ON STOREABLE FOODS HERE: http://wamsurvival.com/ OUR GOGETFUNDING CAMPAIGN: https://gogetfunding.com/help-keep-wam-alive/ OUR PODBEAN CHANNEL: https://worldaltmedia.podbean.com/ Or SPOTIFY: https://open.spotify.com/show/5JWtlXypfL8iR8gGMg9MME Find us on Vigilante TV HERE: https://vigilante.tv/c/world_alternative_media/videos?s=1 FIND US on Rokfin HERE: https://rokfin.com/worldalternativemedia FIND US on Gettr HERE: https://www.gettr.com/user/worldaltmedia See our EPICFUNDME HERE: https://epicfundme.com/251-world-alternative-media JOIN OUR NEWSLETTER HERE: https://www.iambanned.com/ JOIN our Telegram Group HERE: https://t.me/worldalternativemedia JOIN US on Rumble Here: https://rumble.com/c/c-312314 FIND WAM MERCHANDISE HERE: https://teespring.com/stores/world-alternative-media FIND OUR CoinTree page here: https://cointr.ee/joshsigurdson JOIN US on SubscribeStar here: https://www.subscribestar.com/world-alternative-media We will soon be doing subscriber only content! Follow us on Twitter here: https://twitter.com/WorldAltMedia Help keep independent media alive! Pledge here! Just a dollar a month can help us alive! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2023

National Debt - Which way is it moving?  Cough Syrup risk - toxic supply alert... Fed paused or skipped in last week's meeting - what that really means. New Things - from the screen to your table (New meaning for Binge)   PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Check out ccpstats.com Warm Up - National Debt - Which way is it moving? - Booming business - converting ICE to EV - Cough Syrup risk - toxic supply - Fed paused or skipped in last week's meeting - New Things - from the screen to your table (New meaning for Binge) - Happy belayed Juneteenth Market Update - Bulls are in control - half full - Fed says more hikes to come - no one believes them - ECB raises rates again - even as Eurozone slips into recession - Economic point to downside risk - China stimulus on the way NO SHOW NEXT WEEK - Cruising the Abacos (Bahamas) --- Assuming Tropical storm does not kick up Fed Meeting - Looked like a hawkish call - Unanimous decision to hold this meeting - Powell talked up future rate hikes and changed outlook to include 2 more @0.25% - Markets are not buying it.. --- Initial rates came up then they came in a bit, equity markets moved in similar fashion - What this is telling you is that markets feel that higher rates impacting the economy is fake news ----- BUT, if so, Powell will be even more aggressive Fed Follow Up - Last week, S&P 500 reaches highest in 14 months. - Led by the Mega-caps again. - Markets fell a bit on Friday with Op-X and long weekend Even more Fed Follow up - Friday: The Federal Reserve warned Friday that tighter U.S. credit conditions following a spate of bank failures in the spring could hinder economic growth this year. - In its semi-annual monetary report to Congress, the central bank noted that bank lending conditions have "tightened notably" over the past year due to the rapid increase in interest rates and the recent turmoil within the financial sector. - "Evidence suggests that the recent banking-sector stress and related concerns about deposit outflows and funding costs contributed to tightening and expected tightening in lending standards and terms at some banks beyond what these banks would have reported absent the banking-sector stress," the report said. - That survey also pointed to a sharp slowdown in demand for credit. ----- The percentage of banks reporting stronger demand for commercial and industrial loans tumbled by 55.5% in the first three months of the year, the sharpest decline since 2009 during the global financial crisis. - Powell: "The economy is facing headwinds from tighter credit conditions for households and businesses, which are likely to weigh on economic activity, hiring and inflation," he said. "The extent of these effects remains uncertain." Economics - Data showed U.S. retail sales unexpectedly rose in May as consumers spent on a range of goods including vehicles. - Another data set showed jobless claims were unchanged at a seasonally adjusted 262,0000 for the week ended June 10, but were above economists' forecast of 249,000 claims. - Import prices fell in May and the annual decrease was the sharpest in three years. - That followed a report on Tuesday showing April headline inflation increased by less than expected.  Crypto - According to a filing with the Securities and Exchange Commission (SEC) and despite the U.S. regulator not approving any applications for spot bitcoin ETFs to date, BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian. - The SEC rejected Grayscale Investment LLC's application last year to convert its flagship spot Grayscale Bitcoin Trust into an ETF.

Hosts: Ansel Lindner and Christian Keroles Watch this Episode: YouTube  ||  Rumble  Fed Watch is a macro podcast with a clear contrarian thesis of a deflationary breakdown of the financial system leading to bitcoin adoption. We question narratives and schools of thought, and try to form new understanding. Each episode we use current events to question mainstream and bitcoin narratives across the globe, with an emphasis on central banks and currencies.  Find all charts and links at bitcoinandmarkets.com/fed148 In this episode, Nolan and I discuss all the big news items of the week having to do with central banks and bitcoin. We hit on the bitcoin price, the SEC drama, Federal Reserve's policy decision from the FOMC by watching and reacting to a couple clips, and then finishing up with the European Central Bank who is hiking rates in a recession. The clips of JPow included 3 questions by financial reporters. There was a common theme developing, which I was trying to emphasize, that Powell was making a big messaging blunder. They held rates steady, but signaled higher rates by end of the year. The question is simple, if it looks like you will have to keep raising, why not just do it now? Next, Nolan and I get into a lively debate about the SEC and "crypto". I try to tie everything back to bitcoin and the price. Nolan has valuable experience in the area, but when he says that they can't register, I have to take the other side of that one. The SEC is never going to let a snake oil salesmen register. If the exchanges would have remained bitcoin-only as prescribed by bitcoiners as early as 2011, and altcoins were deemed securities as early as 2014, the exchanges could register easily today. Lastly, we cover the ECB's rate hike in a recession. They even signaled further rate hikes. If the Fed made a messaging error causing the loss of confidence, the ECB has made a monumental blunder that could be the beginning of the end for the Eurozone. Thanks for joining us! If you are reading this, hit the like and subscribe button! Constant updates on bitcoin and macro Free weekly Bitcoin Fundamentals Report Ansel Lindner On Twitter Christian Keroles On Twitter Charts Powell press conference ECB rate hike blunder If you enjoy this content please LIKE, SUBSCRIBE, REVIEW on iTunes, and SHARE! Written by Ansel Lindner THIS EPISODE'S SPONSORS:Moon Mortgage - ⁠https://www.moonmortgage.io⁠ River - ⁠https://river.com/⁠ Gordon Law - ⁠https://gordonlawltd.com/⁠ Bitcoin 2024 Nashville - ⁠https://b.tc/conference/⁠ Bitcoin Magazine - ⁠https://store.bitcoinmagazine.com/⁠ Bitcoin Magazine Pro - ⁠https://bitcoinmagazine.com/tags/bitcoin-magazine-pro⁠ Bitcoin Amsterdam - https://b.tc/conference/amsterdam

It's Thursday, June 15th, A.D. 2023. This is The Worldview in 5 Minutes heard at www.TheWorldview.com. I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark European Christian faces prison for embracing heterosexuality Last Friday, a Christian went on trial in the Mediterranean island country of Malta.  Matthew Grech faces fines and prison time under charges of discussing and advertising “conversion practices.” Back in 2022, he had simply spoken to a media outlet about his conversion to Christianity and leaving a homosexual lifestyle. Malta became the first country in Europe to criminalize so-called “conversion therapy” in 2016. Ahead of the trial, Grech said, “My Christian journey of transformation, from being a practicing homosexual interested in the occult . . .  to becoming a committed Evangelical Christian, is one that should be told without fear of being criminalized.” Paul wrote in Romans 1:16, “For I am not ashamed of the Gospel, for it is the power of God for salvation to everyone who believes.” Contracting European economies The Eurozone is a currency union of 20 member states of the European Union. Based on the latest data from the European Union's statistical agency, there has been a slide into recession during the first quarter of this year. The 20-nation bloc has experienced a decline in its Gross Domestic Product for two consecutive quarters now. Ireland led the first quarter drop in GDP. Other contracting economies included the Netherlands, Malta, Germany, and Greece.  Economists expect further economic decline in the Eurozone over the rest of the year. Alabama, Texas, Indiana, & Mississippi friendliest to religious liberty The Napa Legal Institute released its first annual “Faith and Freedom Index” yesterday. The report ranks U.S. states based on their friendliness to religious freedom and regulatory freedom for nonprofits. Overall, Alabama, Texas, Indiana, and Mississippi scored the highest while Maryland, Michigan, Nevada, and Wisconsin scored the lowest. Mary Margaret Beecher, Executive Director of Napa Legal, said, “Faith-based nonprofits face threats to their religious freedom and the often-crushing weight of regulatory burdens. If we value faith-based organizations . . . our state laws should encourage, not hinder, these organizations.” JPMorgan Chase punished for enabling Jeffrey Epstein's sex trafficking JPMorgan Chase agreed to a $290 million settlement on Monday with victims of Jeffrey Epstein.  The lawsuit accuses the banking giant of knowingly facilitating Epstein's sex trafficking operations through financial means for decades. Last month, Deutsch Bank agreed to a $75 million settlement in a similar case. Catholic health network performed transgender surgeries & abortions A new report from the Lepanto Institute exposes the largest Catholic healthcare network in the U.S. for performing so-called sex-change surgeries.  The report accuses facilities with CommonSpirit Health of performing transgender-related services, abortions, and sterilizations.  The Lepanto Institute stated, “Given everything contained in this report, it is clear that CommonSpirit Health is NOT a Catholic institution and must be immediately stripped of its Catholic identity.” Disturbing church attendance trends post-COVID Dr. George Barna released another report on Tuesday about the reshaping of Christian beliefs and behaviors since the COVID-19 pandemic.  The study noted three trends. First, the proportion of U.S. adults who attend church services weekly is 33% this year, down from 39% at the start of the pandemic. Plus, the proportion of Americans who attend church infrequently or never attend, jumped from 41% to 56% since the pandemic.  Second, Christian affiliation in the U.S. is now 68%, down from 72% in 2020. Both Protestants and Catholics experienced declines in affiliation. Among Protestants, mainline denominations saw the largest increases in affiliation since the pandemic.  And third, the incidence of adults possessing a Biblical worldview declined over the course of the pandemic from 6% to 4%. Biblical worldview incidence among evangelicals decreased from 21% to 14%; among mainline denominations it decreased from 8% to 6%. It held at 1% among Catholics.  Christian jockey thanks Jesus Christ, credits horse, for Belmont win And finally, the thoroughbred colt Arcangelo won the Belmont Stakes on Saturday. The victory makes Jena Antonucci the first female trainer to win a Triple Crown race. Her victory comes on the 50th anniversary of the historic Belmont win by racehorse Secretariat, owned by Penny Chenery. Jockey Javier Castellano guided Arcangelo through the one-and-a-half-mile race in just over two minutes and 29 seconds. Castellano already won this year's Kentucky Derby, riding another racehorse named Mage. The jockey credited the amazing horse in Saturday's race, but first he gave thanks to the Lord Jesus Christ for giving him the opportunity to win. CASTELLANO: “First of all, I always say, thank the Lord Jesus Christ for giving me the opportunity to win a second Triple Crown, the third Triple Crown this year, second Triple Crown for myself.  I give all the credit to the horse.” 1 Thessalonians 5:18 says, “In everything give thanks, for this is the will of God in Christ Jesus for you.” Close And that's The Worldview in 5 Minutes on this Thursday, June 15th in the year of our Lord 2023. Subscribe by iTunes or email to our unique Christian newscast at www.TheWorldview.com. Or get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

Stocks were up modestly across the board on Friday; The Eurozone fell into recession in the first quarter; and the U.S. Chamber of Commerce filed suit to block Medicare from negotiating on prescription drug prices. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Dr Azar Jammine,  Director and Chief Economist at Ecomometrix discusses the economic and the first quarter current account shortfall narrowing.     Andre Cilliers, Director and Currency Strategist at TreasuryONE analyses Eurozone fall into recession and the ZAR gaining as some ground against major currencies.   AgriSA in a squabble with the department of water and sanitation over water licenses    Small Business Focus with Pavlo Phitidis, CEO, Aurik Business Accelerator on how small business owner should accelerate for  growth   Personal Finance with Gugu Sidaki, co-founder of Creed Wealth share the stresses of dealing with Black/ Family Tax  See omnystudio.com/listener for privacy information.

Businesses and schools in New York and across North America are affected by wildfire smoke from Canada with millions of people being advised to stay inside or if they have to go outside then they should wear a mask. As the Eurozone economy enters a technical recession we speak to Emma Wall, Head of Investment Analysis & Research at Hargreaves Lansdown. And we discuss the Kenya Finance Bill aimed at increasing revenues and addressing rising debt that has also been criticised for burdening Kenyans with higher taxes as the cost of living rises.

Binance has lost a quarter of its market share, the US government is on the verge of passing a deal to raise the debt ceiling, and Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia's invasion of Ukraine. Plus, Ukraine's attacks such as the Moscow drone strikes are seen as ‘magician's sleight of hand' that deceives the Kremlin and derails Russia's plans. Mentioned in this podcast:Binance loses market share after regulatory clampdownChuck Schumer races to push US debt ceiling bill through Senate by end of weekEurozone inflation falls to lowest level since Russia invaded UkraineMilitary briefing: Ukraine's daring ‘shaping operations' stretch Russian defences Rachman Review podcast: Is the Ukraine War reaching a turning point? The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. 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.

Optimistic investors have pushed stocks and bond yields to the high end of the recent range. But inflation, banks and the debt ceiling status are still raising questions that have gone unanswered.----- Transcript -----Welcome to Thoughts on the Market. I'm Andrew Sheets, Chief Cross-Asset Strategist for Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, I'll be talking about trends across the global investment landscape and how we put those ideas together. It's Friday, May 26th at 2 p.m. in London. A hot topic of conversation at the moment is that three big questions that have loitered over the market since January still look unresolved. The first of these is whether inflation is actually coming down. Surprisingly, high inflation was a dominant story last year and a major driver of the market's weakness. A number of low inflation readings in January gave a lot of hope that inflation would now start to fall rapidly, as supply chains normalized and the effect of central bank policy tightening took effect. Yet the data since then has been stubbornly mixed. Headline inflation is coming down, but core inflation, which excludes food and energy, has moderated a lot less. In the U.S., the annualized rate of core consumer price inflation over the last three, six and 12 months is all about 5%. Today's reading of Core PCE, the Fed's preferred inflation measure, came in above expectations. And in both the UK and the Eurozone, core inflation has also been coming in higher than expected. We still think inflation moderates as policy tightening hits and growth slows, but the improvement here has been slow. One reason our economists think that would take quite a bit of economic weakness to push the Fed, the European Central Bank or the Bank of England, to cut rates this year. That ties nicely into the second issue. Over the last two months, there's been a lot more excitement that the Federal Reserve may now be done raising interest rates, thanks to all of the tightening they've already done and the potential effect of recent U.S. bank stress. But with still high core inflation and the lowest U.S. unemployment rate since 1968, this issue is looking much less resolved. Indeed, in just the last two weeks, markets have moved to price in an additional rate hike from the Fed over the summer. Third and more immediate is the U.S. debt ceiling. Risks around the debt ceiling have been on investors' radar since January, but as U.S. stocks have risen this month and volatility has been low, we've sensed more optimism, that a resolution here is close and that markets can move on to other things. But like inflation or Fed rate increases, the U.S. debt ceiling still looks like another key debate with a lot of questions. U.S. Treasury bills or the cost of insuring U.S. debt, have shown more stress, not less, over the last week. As of this morning, a one month U.S. Treasury bill is yielding over 6%. Optimism that inflation is now falling, the Fed has done hiking and the debt ceiling will get resolved, have helped push both stocks and bond yields to the high end of the recent range. But with these issues still raising a lot of questions, we think that may be as far as they go for the time being, presenting an opportunity to rotate out of stocks and into the aggregate bond index. Thanks for listening. Subscribe to Thoughts on the Market on Apple Podcasts, or wherever you listen, and leave us a review. We'd love to hear from you.