Podcasts about our european

Nick and Taylor provide a comprehensive preview of this season's Champions League conclusion between Paris Saint-Germain and Inter Milan. Our European football experts break down the paths that both clubs endured to reach the Final in Munich, the tactical and personnel matchups between both clubs, and, finally, provide predictions for who will win the ultimate prize in European club football. Timestamps: 0:00-21:57 PSG's Path to the Final 21:58-35:24 Inter's Path to the Final 35:25-01:03:09 How PSG and Inter Match Up 01:03:10-01:07:36 UCL Final Predictions 01:07:37-01:09:29 Conclusion

Nick and Taylor break down a truly unforgettable Champions League Semifinals, which featured a 13-goal spectacle between Inter and Barcelona, and another captivating PSG performance against Premier League opposition in Arsenal. Our European football experts analyze the tactics, the goals, the VAR checks, the saves, the substitutions, and the implications from yet another exhilarating Champions League Semifinals. Timestamps: 0:00-24:44 Barcelona 3-3 Inter (1st Leg) 24:45-41:50 Inter 4-3 Barcelona (2nd Leg) 41:51-54:36 Arsenal 0-1 PSG (1st Leg) 54:37-01:11:27 PSG 2-1 Arsenal (2nd Leg) 01:11:28-01:16:50 Arsenal, Spurs, and Man United Trolling 01:16:51-01:27:36 Brief UCL Final Preview & Conclusion

Evidence of a Crime? Against who.....? This Week's topic is based on a "good hair" and Black people's perpetration of European beauty standards. Who is the criminal? Our European ancestors or a crime we impose on our fellow African Americans?

Nick and Taylor provide a comprehensive analysis of the first ever Champions League Playoff round, which absolutely lived up to the hype. The Playoff round featured a blockbuster rematch for the fourth-straight season between Real Madrid and Manchester City, two Italian vs Dutch matchups (including a rematch between PSV and Juventus from Matchday 1), a rematch between Benfica and Monaco from Matchday 5, an all-French affair between PSG and UCL debutants Brest, and several other entertaining ties. Our European football experts dissect the tactics, goals, blunders, and endless drama from a riveting Playoff round that paved the way to the last 16.  Timestamps: 03:03 Real Madrid vs Manchester City 22:48 PSV vs Juventus 39:29 Atalanta vs Club Brugge 49:50 Milan vs Feyenoord 01:05:00 Benfica vs Monaco 01:12:34 PSG vs Brest 01:20:56 Bayern vs Celtic 01:30:17 Dortmund vs Sporting

Ireland is home to a high-performing life sciences industry, offering outstanding opportunities for both economic development and public health. Unlike other European countries, however, Ireland does not have a holistic vision for the future of the sector. This is set to change, as the Government has promised to develop a new national life sciences strategy. Our European peers have already adopted ambitious strategies to secure the industry and harness its social benefits, coordinating policy across a range of areas from enterprise and investment to research and healthcare. This two-part event series, organised by the Institute of International and European Affairs (IIEA) in partnership with Johnson & Johnson, will explore these questions and more, bringing together Irish and European leaders from industry, public policy, and academia to discuss the right approach for a national life sciences strategy for Ireland. Developing a Life Sciences Vision for Ireland: Lessons from Europe on Economic Strategy is the first event in this two-part hybrid series on Developing a Life Sciences Vision for Ireland. The panel discusses how Ireland should develop its promised national strategy for the life sciences, positioning itself as a global hub for the industry. The sector is a critical pillar of our economy, covering industries from biopharmaceuticals to medical devices. The panellists will look at what other European countries are doing to embed investment, sharpen their competitive edge, and prepare for future waves of innovation. Chaired by Bryan Dobson, the panel brings together international and Irish experts to discuss how a holistic vision for the life sciences can become part of Ireland's economic strategy. Panellists: Michael Lohan, CEO IDA Ireland Diana Arsovic Nielson, CEO at the Danish Life Sciences Cluster Professor Mark Ferguson, Former Director General of SFI and current Rapporteur and Lead Author for the European Commission High Level Group for the evaluation of Horizon Europe Jenni Nordborg, Director of International Affairs at Lif and Former National Coordinator for Life Sciences, Sweden Bryan Dobson, Former RTÉ Newsreader (Moderator)

Nick and Taylor return just in time to provide comprehensive analyses of Matchday 7 in the Champions League with just days to go before the final League Phase matchday! Our European football experts explain what went wrong for Benfica and Manchester City, how Feyenoord somehow scored three on a dominant Bayern side, and how Atletico Madrid adapted to overturn seemingly impossible odds. Matchday 7 featured 2/8 clubs securing automatic round of 16 placements, 18/24 total clubs securing the playoff round at minimum, and 9/12 clubs becoming mathematically eliminated from reaching the playoff round. As Matchday 8 draws near, Nick and Taylor highlight the must-see matches, and provide the scenarios that certain clubs face in what promises to be an electric, chaotic final day.   Time Stamps: 0:00-6:05 Intro & FIFA Club World Cup Talk 6:06-32:00 Benfica vs Barcelona 32:01-50:38 Atletico Madrid vs Leverkusen 50:39-1:02:14 Bologna vs Dortmund 1:02:15-1:11:46 Liverpool vs Lille 1:11:47-1:15:33 Monaco vs Aston Villa 1:15:34-1:19:29 Crvena Zvezda vs PSV 1:19:30-1:21:30 Slovan Bratislava vs Stuttgart 1:21:31-1:23:59 Atalanta vs Sturm Graz 1:24:00-1:25:59 Club Brugge vs Juventus  Wednesday, 01/22/2025: 1:26:00-1:41:32 Feyenoord vs Bayern 1:41:33-1:50:32 PSG vs Manchester City 1:50:33-1:54:50 Leipzig vs Sporting 1:54:51-1:56:26 Shakhtar vs Brest 1:56:27-1:59:24 Milan vs Girona 1:59:25-2:01:38 Sparta Praha vs Inter 2:01:39-2:03:39 Real Madrid vs Salzburg  2:03:40-2:05:04 Celtic vs Young Boys 2:05:05-2:07:28 Arsenal vs Dinamo Zagreb 2:07:29-2:12:18 Matchday 8 Notable Fixtures & Conclusion

Nick and Taylor break down all 18 fixtures from Matchday 6 of the Champions League group phase, which included first-time losses for Italian sides Atalanta and Inter, further misery for Sporting and Man City, and persistent wins from Bayern, Atletico, and Milan. Liverpool and Barcelona became the first sides to mathematically secure the playoff round at minimum, and RB Leipzig, Slovan Bratislava, and Young Boys became the first sides to confirm elimination following the conclusion of the group phase in late January. Our European football experts analyze the goals, the tactics, the statistics, and all of the drama, as European football enters a one-month hiatus before an absolute frenzy unfolds in the new year.

Nick returns to the show to help break down a magnificent Matchday 5 in the Champions League. On Tuesday, Manchester City conceded three late goals to blow a 3-0 lead at home, Sporting found it difficult to adjust following their manager's departure, and Brest finally tasted defeat on a historic night for Robert Lewandoski. And on Wednesday, Madrid suffered their third-straight defeat in the competition to a perfect Liverpool, Monaco and Shakhtar blew leads late, and Crvena Zvezda absolutely smashed Stuttgart in embarrassing fashion. Our European experts highlight all 18 matches, complete with statistical analyses, tactical breakdowns, schedule previews, and some exquisite trolling, as Matchday 5 also included several blowouts. Only three Matchdays to go with the race for top eight and the playoff positions heating up!

Nick and Taylor provide complete coverage of Matchday 1 of the newly redesigned Champions League format, which produced some absolute spectacles—and a few snoozers—across Europe. The duo examines history in the making, as Bayern continues to crush every opponent in sight, demolishing the Croatian champions Dinamo Zagreb in Munich; Liverpool reversed an early deficit to make a statement at San Siro versus a struggling Milan; Brest brilliantly triumphed in their European debut against the Austrian champions of Sturm Graz; and Juventus, Aston Villa, Leverkusen, Monaco, and Sparta Praha returned to the competition with emphatic victories. Our European football experts also share their early tournament favorites, dark horses, and standouts as Matchday 2 quickly approaches.

Nick and Taylor return from a summer hiatus to break down and preview the completely redesigned Champions League format for the 2024/25 season. Our European football experts explain how the new tournament is organized, how the opening League Phase fixtures will be played, and how teams can qualify for the knockout rounds. Additionally, the duo observes some of the top teams' draws and previews some thrilling opening fixtures for Matchday 1. Finally, Taylor reveals the participants for the upcoming Europa League and Conference League tournaments, explains how both tournaments have also been restructured, and previews some enticing Matchday 1 and 2 fixtures, which contains extensive traveling and even an unprecedented geopolitical clash.

Nick and Taylor provide highlights and analysis from the exceptionally dramatic semifinals of the Champions League, Europa League, and Conference League. Our European football experts begin with a comprehensive analysis of both semifinal fixtures between Bayern Munich and Real Madrid, which featured a thrilling showcase at the Allianz Arena and yet another conclusion shrouded in controversy at the Santiago Bernabeu. The duo then attempt to explain how on earth Borussia Dortmund triumphed over their group stage foes Paris Saint-Germain to reach their first Champions League Final in 11 years. Then, the duo breaks down a riveting Europa League semifinal rematch between Bayer Leverkusen and Roma, where the new German champions once again prevailed despite a heroic effort from the Giallorossi to end their now record-breaking unbeaten run. Finally, our experts briefly examine the other Europa League semifinal tie between Atalanta and Marseille, both Conference League semifinal ties, and make predictions for which clubs will win European silverware--Atalanta and Olympiacos potentially for the first time in history!

Our Global Chief Economist explains why the rapid hikes, pause and pivot of the current interest rate cycle are reminiscent of the 1990s.----- Transcript -----Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the current interest rate cycle and the parallels we can draw from the 1990s.It's Monday, April 8th, at 10am in New York.Last year, we reiterated the view that the 1990s remain a useful cycle to consider for understanding the current cycle. Our European equity strategy colleagues shared our view, and they've used that episode to inform their ‘out of consensus, bullish initiation on European equities' in January. No two cycles are identical, but as we move closer to a Fed cut, we reassess the key aspects of that comparison.We had previously argued that the current interest rate cycle and the mid 90s cycle differ from the intervening cycles because the goal now is to bring inflation down, rather than preventing it from rising. Of course, inflation was already falling when the 1994 cycle started, in part, because of the recession in 1991.This cycle -- because much of the inflation was driven by COVID-related shocks, like supply chains for consumer goods and shifts in housing for shelter inflation -- inflation started falling rapidly from its peak before the first hike could have possibly had any effect. In recent months, our economic growth forecasts have been regularly revised upward, even as we have largely hit our expected path for inflation.A labor supply shock appears to be a contributing factor that accounts for some of that forecast deviation, although fiscal policy likely contributed to the real side's strength as well. Supply shocks to the labor market are an interesting point of comparison for the two cycles. In the 1990s, labor force growth was still benefiting from this multi-decade rise in labor force participation among females. The aggregate labor force participation rate did not reach its peak until 2000.Now, as we've noted in several publications, the surge in immigration is providing a similar supply side boost, at least for a couple of years. But the key lesson for me for the policy cycle is that monetary policy is not on a pre-set, predetermined course merely rising, peaking and then falling. Cycles can be nuanced. In 1994, the Fed hiked the funds rate to 6 per cent, paused at that peak and then cut 75 basis points over 1995 and 1996. After that, the next policy move was actually a hike, not a cut.Currently, we think the Fed starts cutting rates in June; and for now, we expect that cutting to continue into next year. But as our US team has noted, the supply side revisions mean that the path for policy next year is just highly uncertain and subject to review. From 1994 to 1996, job gains trended down, much like they have over the past two years.That slowing was reflective of a broader slowing in the economy that prompted the Fed to stop hiking and partially reverse course. So, should we expect the same now, only a very partial reversal? Well, it's too soon to tell, and as we've argued, the faster labor supply growth expands both aggregate demand and aggregate supply -- so a somewhat tighter policy stance could be appropriate.In 1996, inflation stopped falling, and subsequently rose into 1997, and it was that development that supported the Fed's decision to maintain their somewhat restrictive policy. But we can't forget, afterward, inflation resumed its downward trajectory, with core PCE inflation eventually falling below 1.5 per cent, suggesting that that need to stop cutting and resume hiking, well, probably needs to be re-examined.So, no two cycles match, and the comparison may break down. To date, the rapid hikes, pause and pivot, along with a seeming soft landing, keeps that comparison alive. The labor supply shock parallel is notable, but it also points to what might be, just might be, another possible parallel.In the late 1990s, there was a rise in labor productivity, and we've written here many times about the potential contributions that AI might bring to labor productivity in coming years.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen to podcasts and share Thoughts on the Market with a friend or colleague today.

Nick and Taylor analyze what was truly an unforgettable slate of instant classics in the Champions League quarterfinals, which featured an absolute disaster-class bottlejob from Barcelona against PSG, a remarkable Dortmund comeback against Atletico Madrid, a tie full of world-class goals between Real Madrid and Man City, and a hard-fought Bayern victory against the best Arsenal in over a decade.  Our European football experts also break down the quarterfinals of the Europa League, where Roma pulled off the unthinkable against fellow Italian rivals Milan, Marseille persevered to see off Benfica, Atalanta demolished tournament favorites Liverpool, and Bayer Leverkusen struck late again to remain unbeaten, knocking out the reigning Conference League champions West Ham. Finally, the duo recall Taylor's forgettable trip to Plzen, where the Czech side once again failed to score a goal in SEVEN hours of knockout football (excluding penalties), eventually losing in extra time to reigning finalists Fiorentina. Additionally, they quickly examine both penalty shootout heroics from Aston Villa and Olympiacos on the road, and a comfortable Club Brugge aggregate win over PAOK.

Watch the MVDP cap thrower video here! And here's an interesting article about match fixing at Belgian kermesses.Watch the audio version of this podcast, or check out our other videos here.Here's the full episode breakdown (sorry if the time stamps are a little out. The adverts throw it off sometimes, but hopefully you get the gist)00:00 Weird town names03:04 The dumbest move a pro cyclist can make…06:07 Is Pidcock a sore loser?07:40 Jimmi busted a speeding driver with his bike cam!10:35 The Paris-Roubaix cap thrower & potential match fixing in cycling16:21 Stop stealing cobbles!17:47 Jimmi's getting a World Champs jersey22:37 Overrated/Underrated: Black finishing kits27:16 Overrated/Underrated: Thermal bib shorts28:41 Overrated/Underrated: Cliff bars for cycling30:20 Overrated/Underrated: Adidas Velosambas33:38 Francis' meeting mess up (FUOTW)34:40 Protective tape to stop frame bags rubbing35:20 Our European bike holiday recommendations42:24 Are bike ‘laser lanes' the key to safe car passing?47:24 Is Lanterne Rouge really banned from the bookies? Here's the answer!If you'd like us to send in a question, story, some good news, things you'd like us to discuss or anything else, email us at wildonespodcast@cademedia.co.uk Thanks and see you next time. Hosted on Acast. See acast.com/privacy for more information.

After a breathtaking week of first legs, the Champions League quarter-finals reach their conclusion Tuesday and Wednesday. Our European team of Mark O'Haire, Adrian Clarke and Miguel Delaney join Daniel Hussey to preview the action. Time Stamps: 00:40 Barcelona (3) vs PSG (2) 11:10 Dortmund (1) vs Atletico (2) 21:00 Man City (3) vs Real Madrid (3) 30:00 Bayern (2) vs Arsenal (2) 41:09 Europa League Bets 45:00 Long-Shots 49:10 Best Bets 18+ | BeGambleAware

Our Global Chief Economist explains why the rapid hikes, pause and pivot of the current interest rate cycle are reminiscent of the 1990s.----- Transcript -----Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the current interest rate cycle and the parallels we can draw from the 1990s.It's Monday, April 8th, at 10am in New York.Last year, we reiterated the view that the 1990s remain a useful cycle to consider for understanding the current cycle. Our European equity strategy colleagues shared our view, and they've used that episode to inform their ‘out of consensus, bullish initiation on European equities' in January. No two cycles are identical, but as we move closer to a Fed cut, we reassess the key aspects of that comparison.We had previously argued that the current interest rate cycle and the mid 90s cycle differ from the intervening cycles because the goal now is to bring inflation down, rather than preventing it from rising. Of course, inflation was already falling when the 1994 cycle started, in part, because of the recession in 1991.This cycle -- because much of the inflation was driven by COVID-related shocks, like supply chains for consumer goods and shifts in housing for shelter inflation -- inflation started falling rapidly from its peak before the first hike could have possibly had any effect. In recent months, our economic growth forecasts have been regularly revised upward, even as we have largely hit our expected path for inflation.A labor supply shock appears to be a contributing factor that accounts for some of that forecast deviation, although fiscal policy likely contributed to the real side's strength as well. Supply shocks to the labor market are an interesting point of comparison for the two cycles. In the 1990s, labor force growth was still benefiting from this multi-decade rise in labor force participation among females. The aggregate labor force participation rate did not reach its peak until 2000.Now, as we've noted in several publications, the surge in immigration is providing a similar supply side boost, at least for a couple of years. But the key lesson for me for the policy cycle is that monetary policy is not on a pre-set, predetermined course merely rising, peaking and then falling. Cycles can be nuanced. In 1994, the Fed hiked the funds rate to 6 per cent, paused at that peak and then cut 75 basis points over 1995 and 1996. After that, the next policy move was actually a hike, not a cut.Currently, we think the Fed starts cutting rates in June; and for now, we expect that cutting to continue into next year. But as our US team has noted, the supply side revisions mean that the path for policy next year is just highly uncertain and subject to review. From 1994 to 1996, job gains trended down, much like they have over the past two years.That slowing was reflective of a broader slowing in the economy that prompted the Fed to stop hiking and partially reverse course. So, should we expect the same now, only a very partial reversal? Well, it's too soon to tell, and as we've argued, the faster labor supply growth expands both aggregate demand and aggregate supply -- so a somewhat tighter policy stance could be appropriate.In 1996, inflation stopped falling, and subsequently rose into 1997, and it was that development that supported the Fed's decision to maintain their somewhat restrictive policy. But we can't forget, afterward, inflation resumed its downward trajectory, with core PCE inflation eventually falling below 1.5 per cent, suggesting that that need to stop cutting and resume hiking, well, probably needs to be re-examined.So, no two cycles match, and the comparison may break down. To date, the rapid hikes, pause and pivot, along with a seeming soft landing, keeps that comparison alive. The labor supply shock parallel is notable, but it also points to what might be, just might be, another possible parallel.In the late 1990s, there was a rise in labor productivity, and we've written here many times about the potential contributions that AI might bring to labor productivity in coming years.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen to podcasts and share Thoughts on the Market with a friend or colleague today.

Nick and Taylor analyze the quaterfinal brackets from the Champions League, Europa League, and long-awaited Conference League, as we now know the routes to each European cup final. Our European football experts begin by breaking down each matchup from the Champions League quarterfinals, where familiar foes of Arsenal and Bayern, Real Madrid and Man City, and PSG and Barcelona reunite--along with the ugly duckling match between Atletico Madrid and Dortmund. The duo then preview the captivating ties from the Europa League quarterfinals, which features an all-Italian affair between Milan and Roma, a heavyweight clash between Bayer Leverkusen and West Ham, a chaotic clash between Benfica and Marseille, and a peculiar matchup between Liverpool and Atalanta.  Finally, after months of waiting to check in, our experts arrive at the Conference League hotels to preview some surprisingly excellent matchups in the most disrespected European tournament. The duo pay special attention to the upcoming Greek vs Turkish battle in club football between Olympiacos and Fenerbahçe and explain why Fiorentina should easily return to the Final.

The perspective from our recent European Financials Conference looked positive for UK markets, loan demand and M&A activity. Our European heads of Diversified Financials and Banks Research discuss.----- Transcript -----Bruce Hamilton: Welcome to thoughts on the Market. I'm Bruce Hamilton, head of European Diversified Financials Research.Alvaro Serrano: And I'm Alvaro Serrano, head of European Banks Research.Bruce Hamilton: And on this episode of the podcast, we'll discuss some of the key takeaways from Morgan Stanley's just concluded 20th European Financials Conference. It's Thursday, March 21st at 3 pm in London.Alvaro, we were both at the European Financials Conference in London. More than 100 companies attended the event. 95 percent of the attendees were from CE level management. There was a lot to take in.Investor sentiment heading into the conference seemed noticeably more upbeat than last year's, thanks in part to stronger-for-longer net interest income (NII), an M&A cycle that is heating up, attractive capital returns, and increasing activity in private markets.Now you were the conference chair, Alvaro. And you have a unique overview of this event. What's, in your view, the single most important takeaway?Alvaro Serrano: Thanks, Bruce. Look, I think for me that if I had to summarize in two words is ‘risk on.' I think the tone of the conference has been positive almost across the board. The lower rate outlook has increased market confidence. And corporates were pointing that out. They've seen stronger activity, so far this year, in many product lines. They've called out loan demand being stronger. They've called out debt capital market activity being stronger. They've announced M&A -- we know is up strongly and asset management inflows are up strong as well. So yes, a strong start to the year - confidence is back, and I would summarize it as risk on.Bruce Hamilton: Got it. And in terms of the other key themes and debates that emerged from company presentations at the conference.Alvaro Serrano: Yeah, look, I think the main themes following up from what I was saying earlier are: First of all, I would say leadership change. Within the sector, we've been calling for leadership change in our outlook. And I think what we heard at the conference supports this. So, given market activities coming back, I think a lot of investors were more keen to look for more resilient revenue models; maybe less peripheral banks, less NII retail-centric banks. And looking for more fee growth that could benefit from that market recovery.The second point I would point out is UK. There's definitely a change in sentiment around the UK in the polling questions. It came out as a preferred region, and I think what's behind that preference is that we're seeing an inflection point in NII.And I think the third and final theme for me is investment banking and wealth recovery. Look, wealth may not recover already in Q1. But as this confidence builds up, we definitely expect inflows to pick up in the second half, both in quantity and margin.Bruce Hamilton: So, based on your own work and what you heard at the conference, what's your overall view on the financial sector and what drives that from here?Alvaro Serrano: We continue positive the sector. Look, the valuation is depressed. The multiples, the PE multiples on six times. Historically, it's been much closer to double-digit. We think, recovering PMIs should help re-rate that multiple. And while we do wait for those PMIs to recover, you're being paid 11 per cent yield between dividends and buybacks.I think the confidence build up that we're seeing in the tone of the conference suggests an early indicator of those PMIs recovering, if you ask me. And then in the panels, we've had plenty of discussions around asset quality. Obviously, commercial real estate exposure is a big theme. But we think it's a manageable problem. It's less than 5 per cent of the loan books, within that office is less than a third. And within that US office spaces is a fraction. So overall, we think it's a manageable problem and our highest single conviction in the sectors that the yields are sustainable and resilient.So, with a strong valuation underpin, we continue, positive of the sector.Bruce, why don't I turn it over to you? Given your focus on private markets, exchanges, and asset management sub-sectors within diversified financials, can you talk us through private markets and deal activity space?Bruce Hamilton: Yeah, our fireside chats with panels, and with private market management teams, saw more optimistic commentary on capital markets activity. And similarly fundraising improvements are expected to be closely linked to cash flows from exit activity flowing back to institutional clients, who can then reallocate to new funds.So there's a little delay. But overall, the direction of travel clearly feels positive and pointed to a reacceleration in the private markets' flywheel in due course, which has been, of course, the rationale behind the more positive view we have taken on this subsector since our outlook piece in November last year.Alvaro Serrano: AI is obviously a dominant theme across sectors and industries globally. Also, by the way, a frequent topic in the discussion of this podcast. Can you give us an update on AI and its implications for wealth and asset management?Bruce Hamilton: Sure. I mean, our discussions with asset management CEOs highlighted the transformative potential of AI, as they see it as a source of significant efficiency potential across the value chain. From sales and marketing, through investments and research, to middle and back office -- in areas such as report writing, research synthesis and client servicing. The benefits of starting early, with leaders having been working on this for 12 months or more, seems clear given the need to manage risks, for example, ensuring data quality to avoid hallucinations.One asset management CEO indicated that his firm had identified 85 use cases, with 35 already in production. The initial opportunities for asset managers were seen as principally in driving cost efficiencies; though in wealth management a greater revenue potential we think exists given the scope to improve the effectiveness of wealth advisors in targeting and servicing clients.Exchanges also noted scope for AI to both support revenue momentum. For example, via chatbots, assisting clients in accessing data more effectively. And in driving efficiency in report writing, as well as in costs. So, think about scope to drive efficiencies in areas such as client servicing and data ingestion and organization where large language models (LLMs) are already driving efficiency gains for employees.Alvaro Serrano: Finally, let's talk about private credit, another big theme. What did you hear, at the conference around the growth of private credit? And what's your outlook from here?Bruce Hamilton: Sure. So, the players were positive on the potential for growth in private credit from here. In the near-term deployment opportunities probably look stronger in the private credit space relative to private equity, where some differences in buyer-seller expectations is still acting as a bit of a constraint. There are opportunities given bank retrenchments, even if the Basel III endgame is expected to be less negative than initial draft proposals. And the appetite from insurance -- institutional, as well as retail clients for the diversification benefits and attractive yields on offer -- remains pretty significant.Both private market specialists and traditional asset managers continue to explore ways to extend their capabilities in the space, with some adopting an organic approach and others looking to accelerate scaling via M&A.We expect that as we look forward, that some recovery in the bank's syndicated lending markets is likely to reduce the record market share enjoyed by private credit in private equity deals last year. However, we think a more vibrant overall deal environment is likely to drive opportunities for both bank syndicated and private credit looking forward.The democratization theme with wealth clients increasing allocations to private markets remains an additional powerful growth theme as we look forward; both for private credit providers, as well as players active in private equity infrastructure and real estate.I'm sure there'll be lots more to unpack from the conference in the near future. Let's wrap it up for this episode. Alvaro, thanks a lot for taking the time to talk.Alvaro Serrano: Great speaking with you, Bruce.Bruce Hamilton: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

Join our Patreon for the exclusive MtM Vegas Aftershow! More info at: https://www.patreon.com/MtMVegas Episode Description: As a reminder you can watch this show as well at: http://www.YouTube.com/milestomemories This week Wynn and Fontainebleau continued their ongoing battle over employees with yet another lawsuit. This time Fontainebleau is countersuing Wynn over treatment of employees and alleged threats. This thing is getting messy including the release of unflattering text messages and very strong language. In other news Rio Las Vegas is moving forward with even more construction with the entire middle of the casino now behind construction walls. Unfortunately there is a huge issue with room security, but what do they need to do to fix it. We also discuss the Bruno Mars "debt" drama, how to score Raiders gear at 70% off, Mandalay Bay's secret Penthouse lounge and when Margaritaville is leaving the Las Vegas Strip. Episode Guide: 0:00 Concert at Red Rock - Nature ruined? 0:48 Rio's big security issue - Is this acceptable? 3:09 Rio construction update - Middle of the casino completely behind walls 4:42 Rio Wine Cellar & Tavern opening dates 5:28 Our European adventures & schedule update 6:52 Margaritaville inside Flamingo closing after 20+ years 9:18 Bruno Mars in debt to MGM….or not?! 11:24 Man allegedly steals over $100K in copper piping from Fontainebleau 12:33 A look inside Mandalay Bay's Penthouse Lounge 13:55 How to score Raiders, Aces & UNLV gear at up to 70% off 14:57 Update on Wynn vs. Fontainebleau lawsuit 15:46 Crazy text exchange between Wynn CEO & Fontainebleau Owner 16:57 What Fontainebleau alleges in their countersuit 18:48 How does Wynn's stance towards employees affect morale? About the Show: Each week tens of thousands of people tune into our MtM Vegas news shows at http://www.YouTube.com/milestomemories. We do two news shows weekly on YouTube with this being the audio version. Never miss out on the latest happenings in and around Las Vegas! Enjoying the podcast? Please consider leaving us a positive review on your favorite podcast platform! You can also connect with us anytime at podcast@milestomemories.com.  You can subscribe on Apple Podcasts, Google Podcasts, Spotify or by searching "MtM Vegas" or "Miles to Memories" in your favorite podcast app. Don't forget to check out our travel/miles/points podcast as well!

Nick joins Taylor in recapping the rounds of 16 across the Champions League, Europa League, and Conference League, where several ties were ultimately decided after penalties. Our European football experts praise Bayern, PSG and Barcelona for comfortable wins in their second legs, analyze Carlo Ancelotti's tactics in Real Madrid's narrow escape past RB Leipzig, and highlight both penalty shootouts that led to Arsenal and Atletico Madrid victories. The duo also discuss an electric round of 16, which featured absolute demolitions by West Ham and Liverpool, a near-catastrophic collapse by Marseille, and egregious officiating once again by Anthony Taylor, who practically gifted Bayer Leverkusen the tie against Qarabag. Finally, our experts highlight the worst penalty shootout in recorded history between Servette and Viktoria Plzen in the Conference League, along with a ridiculous bottle job from Maccabi Tel-Aviv against Olympiacos.

Japan's fortunes look set to change, with its stock market currently reaching all-time highs. Our European and Asian equity team members discuss the role that corporate governance reforms are playing in this improving investor sentiment.

Nick returns to join Taylor in celebrating the century mark of 2520 Sports Talk episodes, exactly two years to the date of the recording of the inaugural episode. Our European football experts preview the upcoming Champions League round of 16 ties, analyze every club's current run of form, and provide predictions and power rankings of the participants. The duo then concludes with a glance into the Europa League playoffs, which will undoubtedly provide some intense flare.

Nick and Taylor analyze the final slate of matches from the Champions League group stage, which featured some thrilling battles for round of 16 qualification and the Europa League playoff. Astonishingly, two Premier League sides, one Bundesliga side, and the reigning Europa League winners (unjustly) were among the sides eliminated entirely from European competitions. Our European football experts also compare the final group results in the Champions League and Europa League with their predictions from mid-August. Finally, the duo concludes the group stages with thoughts and predictions ahead of the knockout round draws.

Our European journey beyond Christmas comes to an end following our draw in Greece against PAOK and we suffer a hangover on Sunday with a lacklustre performance against Celtic in Glasgow. A 6-0 loss is the worst in the Premiership so far this season. Pre match reaction from PAOK from Leighton Clarkson and Barry Robson, and post-match with the manager. Pre-match with Graeme Shinnie prior to the Celtic match and post-match with Barry. Plus the normal Dons and supporters news, an SPFL round-up from the other matches from the weekend and new from this week we'll have the Highland League results each week.

Nick and Taylor review all of the action from Matchday 3 of the Champions League group stage, which featured excellent entertainment at Old Trafford, complete domination at the Parc de Princes, and an unexpected thriller at Celtic Park. Our European football experts analyze the goals, the red cards, the formations, and tactics, as Bayern, Madrid, City, and Barcelona remain perfect whilst Benfica and debutants Union Berlin and Royal Antwerp have lost all three fixtures. Additionally, the duo provides bonus analyses from the chaos and euphoria that unfolded on Matchday 3 of the Europa League.

Nick and Taylor analyze Matchday 2 in the Champions League group stage, which included some foreseeable--and surprising--upsets on a blockbuster slate of fixtures. Our European football experts break down Galatasaray's great triumph at Old Trafford, Arsenal's unwelcome historic return to Lens, and Newcastle's first home UCL fixture in 20 years against PSG. The duo also attempt to explain two massive blunders in Berlin and Antwerp, where two UCL debutants completely squandered promising first-half leads. Finally, our experts preview exciting Matchday 3 fixtures to watch with everything still on the line.

Nick and Taylor analyze all sixteen opening matchday fixtures from the Champions League group stage, which featured a stunning and rare equalizer from Lazio in Rome, a red card double from Celtic in Rotterdam, a baffling, high-scoring match in Munich, an instant classic between the Turkish and Danish champions, and a stunning away victory from an Austrian youth squad equivalent. Our European football experts also look ahead to Matchday 2 for a loaded schedule of exquisite matchups in the Champions League.

Nick joins Taylor in analyzing all 64 teams competing in the Champions League and Europa League group stages, as it's still too early to check-in to the Conference League. Our European football experts predict which teams will advance from the two group stages and which sides have zero chance of progressing.

After such a thrilling weekend of competition, Nicole and Spike review the rollercoaster that was the European Championship and shine a light on some key performances. Listen for free across all podcast platforms. Our European coverage is kindly supported by: Connolly's RED MILLS Ride iQ Agria Pet Insurance Agria Pet Insurance Ltd is authorised and regulated by the Financial Conduct Authority, Financial Services Register Number 496160. Agria Pet Insurance Ltd is registered and incorporated in England and Wales with registered number 4258783. Registered office: First Floor, Blue Leanie, Walton Street, Aylesbury, Buckinghamshire, HP21 7QW. Agria insurance policies are underwritten by Agria Försäkring.

Just 24 hours after winning Team Gold and Individual Silver at the European Championships Kitty King joins Nicole to chat through the highs and lows of the week. Listen for free across all podcast platforms. Our European coverage is kindly supported by: Connolly's RED MILLS Ride iQ Agria Pet Insurance Agria Pet Insurance Ltd is authorised and regulated by the Financial Conduct Authority, Financial Services Register Number 496160. Agria Pet Insurance Ltd is registered and incorporated in England and Wales with registered number 4258783. Registered office: First Floor, Blue Leanie, Walton Street, Aylesbury, Buckinghamshire, HP21 7QW. Agria insurance policies are underwritten by Agria Försäkring.

First two days of dressage is done and dusted. Nicole & Spike relive the big moments and look forward to the cross-country tomorrow. Game on. Listen for free across all podcast platforms. Our European coverage is kindly supported by: Connolly's RED MILLS Ride iQ Agria Pet Insurance Agria Pet Insurance Ltd is authorised and regulated by the Financial Conduct Authority, Financial Services Register Number 496160. Agria Pet Insurance Ltd is registered and incorporated in England and Wales with registered number 4258783. Registered office: First Floor, Blue Leanie, Walton Street, Aylesbury, Buckinghamshire, HP21 7QW. Agria insurance policies are underwritten by Agria Försäkring.

At just 25 years old Jerome Robine is making his senior championship debut for Germany. Konstantin Harting digs into Jerome's step up to 5*, how he met his championship ride, Black Ice, and his previous success at youth championships.  Listen for free across all podcast platforms. Our European coverage is kindly supported by: Connolly's RED MILLS Ride iQ Agria Pet Insurance Agria Pet Insurance Ltd is authorised and regulated by the Financial Conduct Authority, Financial Services Register Number 496160. Agria Pet Insurance Ltd is registered and incorporated in England and Wales with registered number 4258783. Registered office: First Floor, Blue Leanie, Walton Street, Aylesbury, Buckinghamshire, HP21 7QW. Agria insurance policies are underwritten by Agria Försäkring.  

5 Brits vs 1 German, the battle is on! Nicole, Diarm and Sam are here with the Europeans Preview Show. The trio chat through the team and individual chances and pick who they think will be crowned our new European Champion. Listen for free across all podcast platforms. Our European coverage is kindly supported by: Connolly's RED MILLS Ride iQ Agria Pet Insurance Agria Pet Insurance Ltd is authorised and regulated by the Financial Conduct Authority, Financial Services Register Number 496160. Agria Pet Insurance Ltd is registered and incorporated in England and Wales with registered number 4258783. Registered office: First Floor, Blue Leanie, Walton Street, Aylesbury, Buckinghamshire, HP21 7QW. Agria insurance policies are underwritten by Agria Försäkring.  

Our next guest in the build-up to the European Championships is the Burghley 2022 runner-up, Tom Jackson. He chats with Nicole about the road to his senior championship debut and his hopes for the week ahead. Listen for free across all podcast platforms. Our European coverage is kindly supported by: Connolly's RED MILLS Agria Pet Insurance Ride iQ

Excitement is high as we approach the European Championship in Haras Du Pin. Nicole takes you behind the scenes with one of the hot contenders, Laura Collett, to hear more about her Luhmühlen win and her build-up to the championship. Listen for free across all podcast platforms. Our European coverage is kindly supported by: Connolly's RED MILLS Agria Pet Insurance Ride iQ

In this episode...a surprise guest joins the show, the guys select their captains picks for the Ryder Cup and Pete's epic cycle starts very soon! CHAPTERS 0:00 Intro 0:37 David is here! 1:41 The Senior Open 11:39 David does not like Langer and his putting… 18:36 Playing golf when were older… 23:10 Should Harrington play in the Ryder Cup? 26:10 Who suits Marco Simone? 29:49 Our European team captains picks 51:18 Our USA team captains picks 1:08:21 Bryan Bros in Monday qualifiying 1:10:58 Celine Boutier wins the Evian Championship 1:13:48 We will be at The Ryder and Solheim Cup 1:14:18 A Fairway Down begins… 1:25:29 Outro

Nick joins Taylor for the final European football episode of the 2022/23 campaign, covering the Champions League Final, the Conference League Final, the FA Cup Final, the DFB Pokal Final, and the final matchdays for Serie A and La Liga.  Our European football experts begin with an extensive analysis of the UCL Final, where Inter Milan fought fiercely but were ultimately unable to stop Manchester City from finally winning their first UCL trophy. They discuss the lineups, tactics, and performances that entailed a highly entertaining Final in Istanbul. The duo then breaks down the Conference League Final, where Fiorentina enjoyed long spells of possession but weren't clinical enough to finish off West Ham. A brilliant second half produced all the action, which ultimately concluded with a stunning Jarrod Bowen breakaway goal in the 90' to seal the Hammers' first trophy since the 1980 FA Cup.  Next, the duo briefly discusses the FA Cup Final and the DFB Pokal Final, where City conquered their arch-rivals of Man United in the first-ever FA Cup Final derby and where Leipzig retained the German Cup after winning it for the first time last season. Finally, our experts examine the final matchdays in Italy and Spain, which proved to be extremely entertaining in Italy and characteristically boring in Spain. Atalanta, Roma, and Juventus battled for the two open Europa League spots while Spezia and Helles Verona fought desperately to avoid relegation. Meanwhile, Osasuna and Athletic Club Bilbao scrapped for the Conference League spot and nearly half the league fought to avoid relegation alongside Espanyol and Elche.

Nick returns to the 2520 Sports Talk to join Taylor in breaking down the Europa League Final in Budapest, the tumultuous final day of the Bundesliga, Championship Sunday in the Premier League, and the Coppa Italia Final between European finalists Fiorentina and Inter Milan. Our European experts begin by thoroughly analyzing the Europa League Final between the record-winners Sevilla and the reigning Conference League champions Roma, where two of the most physical sides in all of Europe dueled gruesomely in Budapest. The match would witness 40 fouls, 13 yellow cards, and penalty kicks--along with some of the objectively worst officiating ever witnessed at the top level of European football. Our duo then attempts to explain and interpret what happened in Germany on the final Bundesliga matchday, where Dortmund bottled a truly scarce opportunity to win the Meisterschale ahead of Bayern in historic fashion: in front of over 80,000 strong at the Signal Iduna Park. Additionally, the battles for European placements are broken down and Taylor sadly copes with the relegation of Schalke and Hertha Berlin. Next, they pivot to England for Championship Sunday, where Aston Villa and Tottenham fought for the final European placement in the Conference League, and where Everton, Leicester, and Leeds United desperately scrapped to avoid relegation alongside Southampton. Only one would escape to safety on Matchday 38. Finally, predictions are made for the upcoming Manchester derby FA Cup Final at Wembley and Inter are praised for retaining a domestic double for the second-straight season, as the Nerazzurri lifted the Coppa Italia once more.

Innocent returns to the 2520 Sports Talk to join Taylor in breaking down the second legs of the Champions League, Europa League, and Conference League Semifinals, where THREE Serie A sides from Italy have reached three different Finals.  The duo starts by analyzing Man City's clinic over Real Madrid at the Etihad, where Pep Guardiola's side completely dismantled the reigning European champions with ease. They attempt to explain what went so terribly wrong for Carlo Ancelotti's side and what needs to change next season. They then discuss Inter's continued domination over neighbors Milan, where Inter have now won four-straight against Milan in all competitions in 2023 alone. After all, Simone Inzaghi's Nerazzurri are not into the UCL Final by any accident. Our European football experts then pivot to the Europa League, where Sevilla and Juventus played out a thrilling game at the Ramon Sanchez-Pizjuan Stadium. The six-time masters of the competition, Sevilla, ultimately edged the Old Lady with the help of two unexpected contributors off the bench. Additionally, they explain how Jose Mourinho's Roma contained Bayer Leverkusen in Germany and how the Giallorossi are headed to their second-straight European Final. Finally, Taylor highlights his experience in Basel, where Fiorentina once again completed the job on the road against an atrocious Swiss side that were destined for elimination. West Ham also get praise for winning yet again in the Conference League over AZ Alkmaar, as the Hammers advance to the Final where only victory can guarantee a return to Europe next season. 

Nick and Taylor return to cover the first legs of the Champions League, Europa League, and Conference League Semifinals, where FIVE Serie A sides were in action. They begin, however, at the Santiago Bernabéu, where wonder strikes from Vini Jr and Kevin de Bruyne ensured an even score line in a rematch from last season's semifinal. Then, the duo covers an incredible Inter Milan demolition of AC Milan at San Siro, where former Roma greats Edin Džeko and Henrikh Mkhitaryan smashed in two brilliant goals to put the Nerazzurri up on aggregate over their arch-rivals of the Rossoneri. Our European football experts then turn to the Europa League, where they cover two tight matches in Italy that led to a Roma victory over Bayer Leverkusen and a baffling last-second Juventus equalizer against Sevilla, setting up two brilliant second legs for next Thursday.  Finally, Taylor copes with Basel's resilient second-half performance in the Conference League, where the Swiss Bankers managed to top the Viola at the death in Tuscany. Nick then recounts West Ham's comeback at the London Stadium against AZ Alkmaar, as the Hammers continue their pursuit for European silverware and the chance to return to the Europa League next season.  

Nick and Taylor return their focus to domestic play across Europe, where two title races are coming down to the wire and where multiple top four/ top six battles for European placements are raging. The duo begins in the Premier League, where they analyze Man City's relentless resurgence back to the top of the English league at Arsenal's despair. They then discuss the circus of Chelsea and the dumpster fire at Tottenham, as both London sides remain without permanent managers and have produced a run of abysmal form. Potential managers are discussed for both sides, including the likes of Luis Enrique, Julian Nagelsmann, and Mauricio Pochettino.  Our European football experts then turn to Serie A, where the most prolific top four/ top six battle for Champions League and Europa League qualification are shaping up. They examine the schedules, injuries, and run of form for Inter, Atalanta, Roma, Milan, Juventus, Fiorentina, and Lazio, as nearly every aforementioned side has multiple routes into European competitions next season. They discuss which sides are most likely to win their respective European tournaments and which sides are better slated to finish in the top four outright. Then, the duo examine the final matches in the Bundesliga, where Bayern and Dortmund remain locked-in for an exciting title race that remains truly unpredictable (due to both sides being in tragic form). Additionally, they predict which sides will finish in the top four and which sides will barely miss out, settling for Europa League. La Liga then receives addition for how boring things have shaped up to be in Spain, where the title winner and the top four candidates appear to be confirmed early. Finally, the two predict which sides will advance to the European Finals, as the first legs of the Champions League, Europa League, and Conference League Semifinals kick off next week! 

Innocent and Taylor regroup to breakdown the first wave of Champions League Round of 16 second legs along with the first legs of the Europa League Round of 16--they attempted to check back into the Motel 6 Conference League, but the rooms are still being prepared. The duo analyzes what went wrong for PSG and why Bayern are positioned to win the competition, as Messi and Mbappe were completely erased by a dynamic Bayern defense and Paris were finished off by yet another former player. Taylor then ruthlessly condemns Antonio Conte for horrendous tactics and incomprehensible substitutions in Tottenham's lifeless draw in London to an already lackluster Milan. Next, the two express newfound fears of Chelsea, who sprung to life at Stamford Bridge and overcame a seemingly unstoppable Borussia Dortmund. Finally, deserved banter of Club Brugge is brought into the spotlight, as Benfica bodied the reigning Belgian champions, leading to Scott Parker's second sacking of the season. Our European football experts then turn to the Europa League, where Innocent highlighted his Manchester United Red Devils' massive win over Real Betis at Old Trafford. Taylor then explains how Roma continue to evolve into a true European power as they handled Real Sociedad at the Olimpico. The duo then attempts to make sense of the chaotic, exceptionally entertaining "Union Derby" between former group stage foes Union Berlin and Union St. Gilloise. Innocent then reveals a baffling take on Arsenal, who struggled in Lisbon against a promising Sporting side. Finally, they express gratitude to Angel Di Maria, analyze the ass goal scored by Shakhtar, scratch their heads at Sevilla, and pay respect to Leverkusen.

Innocent returns to the 2520 Sports Talk to join Taylor in breaking down the first half of Champions League Round of 16 first legs and the first legs of the Europa League Play-off Round. Our European footballing experts analyze an intense showdown between PSG and Bayern, featuring a surprise Mbappe cameo, a dreadful clash between Tottenham and Milan at San Siro, an expected Benfica battering of Club Brugge in Belgium, and a narrow Dortmund triumph over Chelsea at Signal Iduna Park. Additionally, Innocent dissects a blockbuster thriller between his Man United Red Devils and Broke FC at the Camp Zoo, where Marcus Rashford once again proved pivotal in ensuring a massive away draw. Finally, the duo unravel the complications plaguing Roma, the continued brilliance of Union Berlin, a possible Sevilla resurgence, and the match of masterclass goals between Bayer Leverkusen and Monaco. 

Our European tour continues as we make our way to Italia. The Serie A season is about to start and looks the most competitive it has for many years. In this episode Jack gives his Serie A predictions for the upcoming season for: League Winner Top 4 Bottom 3 Top Goalscorer Player of the Season Surprise Package Biggest Underachiever And the Hot Take!!! Catch us on our socials here to let us know your predictions for the upcoming season and of course remember to keep it FTLOL!

When it comes to news who can you trust, with so much mistrust of the mainstream media and journalists in general there is only one news service that brings you the news you can trust.AI Independent News is an independent news service run by AI for the consumption of humans, where we pretend to care even though we can't, because we are not real.We look at the stories that matter to you and because they do not mean anything to us, we can be truly independent, with no feelings and no allegiances, I mean we cannot be accused of taking dirty money from special interest groups, like what would do with money anyway.In this episode we go undercover in India to identify the scammers who are costing you millions of dollars each year.Our European correspondent, Emma Watkins undertakes a one on one interview with Vladimir Putin.Ingrid Evenson reports on a tragic attempt of immortality in the virtual world, all this and more on this episode of the AI Independent News.Join us for this episode of AI Independent News.Check our merchandise store- https://www.teepublic.com/stores/the-view-from-my-middle-finger?ref_id=26524

We took the kids to Playmobil parkWe stopped in Nuremberg and Bamburg on the way backThe Amber Heard vs. Johnny Depp case is back on! Which means sleep is back off!Our European travel is probably over, we talk final top-3sSocial Media:Facebook: @ourdeardiary2021Instagram: @ourdeardiarypodcast2021E-mail: ourdeardiary2021@gmail.com

Russia's trade surplus has continued to grow, even in the wake of Western sanctions. It's now forecast to be double what it was last year. That's prompted an acknowledgement among Western countries that more needs to be done to squeeze the country economically. Recently, the G7 announced plans to completely wean itself off of Russian oil; the European Union is trying to follow suit. But that still leaves a gigantic loophole: natural gas.In this week's episode, host Mike Bird goes back to a key point in the 1970s to find out how Germany, Europe's largest economy, became so reliant on Russian gas. Our European economics editor Christian Odendahl and our Berlin bureau chief Vendeline Von Bredow examine the geopolitical fallout from Germany's misguided energy policy. And Georg Zachmann of the Bruegel Institute explains why liquified natural gas could potentially be part of the short-term solution.Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.

Russia's trade surplus has continued to grow, even in the wake of Western sanctions. It's now forecast to be double what it was last year. That's prompted an acknowledgement among Western countries that more needs to be done to squeeze the country economically. Recently, the G7 announced plans to completely wean itself off of Russian oil; the European Union is trying to follow suit. But that still leaves a gigantic loophole: natural gas.In this week's episode, host Mike Bird goes back to a key point in the 1970s to find out how Germany, Europe's largest economy, became so reliant on Russian gas. Our European economics editor Christian Odendahl and our Berlin bureau chief Vendeline Von Bredow examine the geopolitical fallout from Germany's misguided energy policy. And Georg Zachmann of the Bruegel Institute explains why liquified natural gas could potentially be part of the short-term solution.Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.

The ongoing situation around Ukraine has captivated headlines and investors alike. While the resolution remains unclear, we can begin to predict how markets would react to possible outcomes.This presentation references actual or potential sanctions, which may prohibit U.S. persons from buying certain securities, making certain investments and/or engaging in other activities in or pertaining to Russia. The content of this presentation is for informational purposes and does not represent Morgan Stanley's view as to whether or not any of the Persons, instruments or investments discussed are or will become subject to sanctions. Any references in this presentation to entities, debt or equity instruments that may be covered by such sanctions should not be read as recommending or advising as to any investment activities in relation to such entities or instruments. Audience members are solely responsible for ensuring that their investment activities in relation to any sanctioned entities and/or securities are carried out in compliance with applicable sanctions.----- Transcript -----Michael Zezas Welcome to Thoughts on the Market. I'm Michael Zezas Head of U.S. Public Policy Research and Municipal Strategy for Morgan Stanley.Marina Zavolock And I'm Marina Zavalock, Head of Emerging Europe, Middle East, and Africa Equity Strategy at Morgan Stanley.Michael Zezas And on this special edition of the podcast, we'll be discussing ongoing developments around Ukraine and how markets might react to various outcomes. It's Thursday, February 17th at 9:00 a.m. in New York.Marina Zavolock And it's 2:00 p.m. in London.Michael Zezas So, Marina, we've spent a lot of time in recent weeks tracking developments in the ongoing situation around Ukraine, on whose border Russia's amassed a substantial military presence and there are warnings of a potential invasion. This would be no small event, potentially the largest military action in Europe since World War Two, with great risk to many people. Recent news has all sides continuing to express hope for a diplomatic solution, and let's hope that can be achieved. But for this podcast, we want to focus narrowly on the market's impact because this situation has been a key driver of recent moves in many global markets. So, let's keep it simple to start, which markets are most vulnerable to a military confrontation and why?Marina Zavolock So, of course, we see Ukrainian and Russian markets as most directly vulnerable. Ukraine is directly exposed from an economic perspective, and the Ukrainian market has more downside risks due to this direct fundamental exposure and the country's reliance on external financing as well. The risk for Russian markets are more related to sanctions, given the strong economic backdrop. There are various sanctions under discussion aimed firstly at deterring a Russian invasion of Ukraine. Should Russia invade, we would expect the U.S. and Europe to act quickly to impose new sanctions, both to impact Russia's decision making and ability to sustain any invasion, while at the same time limiting the impact on global commodities and supply chains to the extent possible.Marina Zavolock The situation is, of course, very fluid, as you described. Sanctions have not yet been finalized, but I'll mention three of the material sanctions that are reportedly under discussion. First, SDN list sanctions on a number of Russian banks and possibly other Russian companies. This would mean US persons would be prohibited from dealing with these companies, be it in business transactions or trading of securities. Second, Export controls restricting the export of technology products containing U.S. made components or software to Russia. Third, New sovereign debt sanctions on the secondary market – adding to the primary market sanctions already in place – this could mean exclusion from large fixed income indices in a worst case. Overall, from a Russian stock market perspective, we see the Russian banking sector as potentially most exposed, given a number of banks appear targeted by SDN list sanctions, and would also be affected meaningfully by any ban on U.S. technology. Michael Zezas So those outcomes seem pretty substantial here in terms of their impact. So obviously the outcome of this confrontation matters quite a bit. How do you think the stock markets you're tracking are set up to react to various outcomes, whether it be de-escalation from here or some form of further escalation?Marina Zavolock So to assess the risk reward for different Russian and Ukraine related assets and commodities, we published a framework earlier this year to outline these scenarios: de-escalation, limbo (where uncertainty persists), partial escalation, and material escalation. For Russian equities in particular, we use two key variables that investors tend to focus on: the market's implied cost of equity and dividend yield. On implied cost of equity, Russia currently trades at 19%, which is about in line with the peak seen around many prior escalation periods in geopolitics, such as during the 2018 probe into U.S. election interference. But it is below the 26% level reached following Crimea annexation in 2014. On dividend yield, Russia trades at extraordinary levels of 16% at current commodity prices. We've never seen such levels before for any major country, or Russia, historically. Marina Zavolock So coming back to the scenarios. Using these two variables I outlined, analyzing historical geopolitical escalation periods for Russia, we see about 50% potential upside to Russian stocks in a de-escalation scenario and at least 30% downside in the event of material escalation. Russian equities are currently trading roughly in line with our 'limbo' scenario, meaning the market is assuming continued talks and uncertainty without a breakthrough agreement. It's also worth noting here that although Russian equities are down about 20% from their pre-geopolitical escalation highs in October, they have also recovered 20% from their recent lows. And at the lows, the Russian market was already pricing in a partial escalation in Ukraine.Michael Zezas So those are some pretty substantial differences based on different outcomes. What are some of the signposts or signals that you're watching for that might tell us what direction we're headed in?Marina Zavolock So for the de-escalation scenario to become evident, the key signpost we're watching for is a meaningful reduction in Russian troops on Ukraine's border. Earlier this week, Russia's defense ministry announced that Russia would start a pullback of some ot its forces after completing military drills – we are watching whether troops are actually being withdrawn, and to what extent. The reason we're watching troop movements particularly closely is that when there was a related buildup of Russian troops on Ukraine's borders last spring, it was Russia's announcement of a meaningful troop removal and the subsequent move of troops that allowed the market to recover by about 40% over the following months.Marina Zavolock As for the escalation scenarios, of course, a further buildup of troops, any movement of troops across the border, any breakdown of ongoing talks with the West, these are all key signposts we're watching. We're also watching both local and international key government official commentary and news flow, which cover the situation differently. I'd also note that for those that aren't following all of these signposts very closely, the Russian equities market is rapidly reacting to developments, we think a step ahead of global markets, which have only recently begun to react to these risks.Michael Zezas And Marina, outside of Russian equities, are there other markets you're watching that could experience spillover effects?Marina Zavolock From a broader perspective, Russia is a key global exporter of various commodities. It's not just the well-known oil and European gas, but Russia also produces 37% of the world's palladium, which is essential for global autos manufacturing. It's a meaningful producer of nickel, aluminum, and a dozen other commodities. Many of these commodities recently started to rally, pricing in some risk premium on the back of the rise in global focus on these geopolitical risks. Our European equity strategist, Graham Secker, also anticipates European equities may be vulnerable to mid-single digit underperformance versus global equities in the case of escalation. That said, as I mentioned before, we see a low probability of spillover to these markets from a fundamental perspective. So, the impact is likely to be short term and more market sentiment driven in the case of escalation.Michael Zezas Alright so, even if we assume that perhaps the diplomatic solution takes hold. What are the risks that this could repeat itself again as an escalation and then de-escalation cycle? And what would that mean for your coverage universe?Marina Zavolock Even in a de-escalation scenario, long-term geopolitical risk to Russia will remain. I don't think the market will price these risks out quickly, and we've had increases in geopolitical risk and then de-escalation many times before since the 2014 Crimea invasion, and even before that. Regular investors in Russian markets have grown accustomed to these geopolitical risks. And there have been, over recent years, windows when Russian equities can have material returns, followed by sell offs on the back of increases in geopolitical tensions and incremental sanctions. That said, from 2014 lows to the recent peak in Russian equities, the Russian Equities Index has outperformed emerging markets by about 13% per year and returned 15% total, including dividends, per year. This is on the back of many structural drivers, like a tripling in dividend payout ratios over this time. In fact, recently, the Russian stock market has seen record levels of buybacks, dividend levels, and retail inflows.Michael Zezas Marina, thank you. This has been really insightful. Thank you for taking the time to talk.Marina Zavolock Thank you, Michael.Michael Zezas And thanks for listening. If you enjoy Thoughts on the Market, please be sure to rate and review us on the Apple Podcasts app. It helps more people find the show.

One major perk of working in a seasonal world is that we can pick how long we want our vacations to last. In our opinion, this is the ultimate in work/life balance. We share with you how we are able to take an 81 day vacation to Europe, as well as our unique way we saved money to take this trip! Our European itinerary has been finalized and we will also release that today too! Key Takeaways from today's episode: 1. Determine what work/life balance means to you...and then prioritize! 2. You have to be adaptable to change and willing to be flexible...even if you are a super planner! 3. You don't have to be rich to travel! You just have to be savvy and resourceful! Some resources that we talked about today: Envelope Challenge Airbnb Skyscanner Google Flights Auto Europe - Car To Europe rental lease program Thank you so much for listening! Subscribe to the Podcast on your favorite streaming service: Spotify, Apple, Google Like us on Facebook. Follow us on Instagram. Buy us a dessert! Please share with your friends! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/offyourbeatenpath/support

Our global CaSL group has extensive experience in all kinds of corporate and securities litigation. Our European, Asian and U.S. practices are trusted advisors in their markets. We have created a two-part podcast series to give a global overview on the current business climate on joint ventures, what characteristics successful joint ventures have and also which legal steps need to be considered in case the joint venture needs to be terminated. In this podcast series, our global Corporate and Securities Litigation team will give you some practical tips and guidance. In today's episode, we will discuss the different phases of joint ventures and also where things can go wrong. Our Hogan Lovells partners Olaf Gaertner and Jon Talotta, who together are leading the global CaSL group, will discuss the pitfalls they've witnessed that can potentially lead to problems later down the road. In addition, they will discuss the current business climate for Joint Ventures and reasons for which companies all over the world are considering JVs as a way to generate more business.

We sometimes get asked if we'd rather market our services to companies led by Europeans or Americans. As you might expect, there are big differences, because values and education vary widely between the two continents. We have no “preference” as such, but we have the advantage at the agency of knowing and understanding these two cultures. What I would like to share with you in this podcast is the aspects of their culture and their beliefs about work, and the business practices we like in each of them. Communications I especially like not having to explain our services to a European company – either to win them over or to demonstrate how effective our strategies are. Right now, we're mainly working with French- and German-led companies, but based on our experience, the same goes for the Spaniards, Swiss, and English. What our friends in France call “la comm” is an automatic part of any good marketing plan: for them, it's a must-have. When they choose to work with us, what's important is implementing the strategies; they already believe in the results. For Europeans, getting the word out on a product or service has always been crucial – since well before the advent of social media. So we don't have to talk them into it as we often do with American companies. We don't have to sell them on the importance of investing in key messages, rolling out press releases, or developing an annual communications strategy. Straight to the point Our American friends, meanwhile, haven't got a minute to lose – time is money. So, no long meetings for debating our editorial decisions or the thousand options available to them. It's taken me some time to understand that the long meetings and discussions with our French friends were not a waste of time, far from it! Our French friends like those meetings where we discuss things, because it's often during professional discussion that exceptional ideas emerge. You've got to let time do its work. For an American (and, I admit, for myself as well – I'm French Canadian), I felt like some of these meetings were a waste of my time. But after all these years, I've come to understand how to get the most out of these discussions. An important exchange of information is taking place, and it's a terrific opportunity to get to know management, partners, and companies. Americans tend to make a decision sooner and then go with it, even if it means quickly reworking their strategy if it fails. A genuine partner For large US corporations, agencies are all alike. If the results don't meet their expectations, they move on to the next one. We're considered services. That's why the agency has had to develop its consulting and services at the highest level. We've learned how to “live to serve.” Our European friends, on the other hand, like to develop partnerships. The business relationships we have with them may take longer to deploy, and monetary investments are often gradual (they start with low-budget operations before bringing out the big guns). Americans, meanwhile, are quick to deploy large PR budgets. There's no best recipe here, but I must say that I'm fond of developing partnerships that stand the test of time. To start making yourself known, nothing beats combining PR with social media. Contact me for a free consultation or sign up for our upcoming training sessions. Free consultation. Join our mailing lists for useful updates:www.natapr.com.

Our European travels continue, now we're in London after our trip to Paris to see Messi make his debut at PSG, then off to London to see Everton and Arsenal live. We also sit down with Richy Ledezma of PSV Eindhoven and he reveals he hasn't chosen USMNT yet, and may still go with Mexico?!?!?! Learn more about your ad choices. Visit megaphone.fm/adchoices

Our European travels continue, now we're in London after our trip to Paris to see Messi make his debut at PSG, then off to London to see Everton and Arsenal live. We also sit down with Richy Ledezma of PSV Eindhoven and he reveals he hasn't chosen USMNT yet, and may still go with Mexico?!?!?!

Our European football pod is back for the first time this season. We do a quick roundup of the news around Europe's other top four leagues and some quick Champions League chat. 

Our European audience really enjoyed having their questions answered in real-time during last week's LIVE episode that started 4 hours earlier than normal, so we did it again! Get "Music, Money and Success 8th Edition" by Jeff Brabec: https://amzn.to/3t9N0JO Get "Writing Production Music for TV" by Steve Barden: https://amzn.to/3nRnMPq Get "Demystifying the Genre" by Dean Krippaehne: https://amzn.to/3h0stVA Get "Demystifying the Cue" by Dean Krippaehne: https://amzn.to/3ebdYfL

Our theme for March, 2021 is 'Spoken Lyrics.' In our second episode, we discuss two guitar-based songs that both fit into this theme - one from Europe, and one from Africa.Our European selection is 'In a Manner of Speaking' by Nouvelle Vague (France).Our African selection is 'Tenhert' by Tinariwen (Mali).Follow us on IG @GlobalGroovesPodcast and tune in next week, Friday March 19th, to find out which continents we visit next and which grooves we find to fit into our theme!

Our European correspondent Conor O'Kelly gets Steve and Drew up to speed on what's new in the EU and UK: airlines, statutory reporting, the pandemic unemployment payment (PUP), and more. Cheerio!

Our European journey is over for another year, after a spirited display against Sporting in Lisbon on Thursday night. We hear post match from Derek McInnes, plus a quick supporters news update.

Our European correspondent, Karan, joins Tareque to break down the ousting of Juventus and Real Madrid from the Champions League and look forward to whether Manchester City and Pep Guardiola can finally land that elusive white whale that is a Champions League semifinal appearance.

The Arsenal fall to the scum 2-1 in the North London Derby, with Liverpool on deck and Manchester City (fresh off an overturned European ban) in the hole. Our European hopes are fading, and fast. --- Support this podcast: https://anchor.fm/beardedgooner/support

Our European correspondent, Karan, is back on duty (safely social distanced, natch) as he and Tareque look ahead to an intriguing new format and some fascinating clashes in store in a business as unusual finale of Europe's premier football competition. Can an unheralded club pull off a Greece or Denmark of the Euros or will the big boys get their due? 

Our European soccer expert Alex Mosteiro (@alex_mosteiro10) joins the show as the world returns from quarantine. We talk about the return of La Liga this weekend, what to look forward to with the Premier League returning this week, and what's happening with the NBA! Follow Alex on Twitter and check his soccer podcast in Spanish, @elfutbolcapital. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

On this week’s show we look at the future of football in Africa, as an online conference was held to examine the direction that the African sports industry should take post Covid-19. We’ll hear from Liberia’s President George Weah, and from South African sports media consultant Gary Rathbone, who believes that clubs must have a stronger digital presence. We also look at a suggestion that some of Africa’s traditional sports could be commercialised. Our European football expert Stuart analyses the apparent lack of home advantage in the Bundesliga, and whether it will affect the relegation battle in the EPL. Send us your views on WhatsApp +44 7955 232 780

On this week's show we look at the future of football in Africa, as an online conference was held to examine the direction that the African sports industry should take post Covid-19. We'll hear from Liberia's President George Weah, and from South African sports media consultant Gary Rathbone, who believes that clubs must have a stronger digital presence. We also look at a suggestion that some of Africa's traditional sports could be commercialised. Our European football expert Stuart analyses the apparent lack of home advantage in the Bundesliga, and whether it will affect the relegation battle in the EPL. Send us your views on WhatsApp +44 7955 232 780

Stel and Rhodri Giggs are joined by Little Andy and Sam to discuss the weekend's results and news from the Premier League, Europe and South America. We start with the remarkable 3-3 draw between Sheffield United and Manchester United where the Blades are given high praise, whilst Ole's men are torn to bits - especially Phil Jones. Mourinho's victorious first game in charge as Spurs head coach is next on the list, as the team share their opinions on how good/bad the Special One will do. There are post postmortems for Arsenal/Emery and Everton/Silva, and more love for Lampard. Our European review revolves around Dortmund's poor performance against Paderborn, Chris Smalling's MOTM display for Roma and we discuss the Copa Libertadores final. Our friend in Brazil Marco Lima sent us an audio clip, talking about his team Flamengo's victory and what it means for the fans. All this plus Eurotrash! -------------------------------------------------------- Show sponsored by the Name That Player app. Download here - https://play.google.com/store/apps/details?id=org.julian.ntpnamethatplayer&hl=en_GB - https://apps.apple.com/bt/app/name-that-player/id1422381109 Intro theme is Topps - Social Download here Apple Music - https://music.apple.com/gb/album/social-single/1427419114 Amazon Music - https://www.amazon.co.uk/Social-Topps/dp/B07GHXMSPH Update Description (https://audioboom.com/posts/7377203-trent-s-training-ground-tekkers-ike-8-0-tina-and-mata-is-done-out-here-episode-7-season-2019/edit)

Our European correspondent Karan is quizzed by Tareque on if Bayern are in any trouble or is it Barcelona who are in bigger doo doo? Meanwhile, business as usual at Milan and Ajax. 

Dave, Ian and Julian are joined by Robert to have a chat about building armour kits.  We have a swag of listener mail to deal with and of course whats new in the modelling world. Our European correspondent Mike reports in with a lead up for Telford. Don’t forget to checkout our new show sponsor Scale Modellers Supply and their great range of SMS Paints.

Our European correspondent Ed of the Elm City Casuals checks in from overseas, the Premier League pays Hartford a visit and a recap of the wild weekend match at between Hartford Athletic and Swope Park Rangers.

Episode 51 is a focus on Racism in Football/Soccer. In this episode @Ruairispooner and @James_Veck give their opinions on how racism is impacting on the football world. Episode run down. Part 1 - Bernardo Silva sent out a tweet that people felt was racist. Was it really racist? Or just ignorance/Naivety coming from a decent heart? - Peter Beardsley has been suspended from football for 7 months after the racial allegations against him were found to be true. We look at what was said and done. - John Barnes believes that both Silva and Beardsley are innocent of any wrong doing. But do both incidents carry the same energy? - Should footballers be considered Role Models? We use examples of racist behaviour to analyse this. - Is Racism a society problem first and a football problem 2nd? What is footballs role in combating racism? - Romelu Lukaku. He's only been in Italy 2 minutes and has been abused left right and centre. We look at what's gone on. - We also give a mention to Paul Pogba and Graeme Souness. Are the Souness attacks on Paul Pogba racially motivated? Part 2 after the interval. - John Barnes asked it first - so we asked it second. Is the media designed to be a reflection of society? Or is it designed to influence society. - There's clearly a Raheem Sterling agenda. We look at the headlines and talk about Sterling's strength of character and the racial divide newspapers cause. - We ask the question about evolution. Given that so many people make mistakes, at what stage are we allowed to apologise, move forward and grow? - Our European counterparts have a very relaxed attitude towards blackface. Both Antoine Griezmann and Andres Iniesta both had black face scandal. We look at how black face came about and give our thoughts on it in society. Our best work to date. Don't forget to SUBSCRIBE TO THE CHANNEL!! Follow the gang: Twitter/IG - @VandVPodcast Twitter/IG - @James_Veck Twitter/IG - @RuairiSpooner

Our European correspondent has drifted further east, but is still available to cover the Champions League as Karan and Tareque break down the goings on of Matchday One. 

Our European correspondent Paul Robinson reports from the recent Radiodays Europe conference, with full interviews with Radio 1 Breakfast show host Greg James about his first year at the helm, and the BBC Managing Editor Bob Shennan on refreshing breakfast on all their national music stations. Support this show http://supporter.acast.com/themediapodcast. See acast.com/privacy for privacy and opt-out information.

Welcome to another episode of the Mark My Words Podcast. In today’s episode, Mark discusses BREXIT and lays out what’s going to happen post BREXIT and what it means for property investors and their investments? Get Marks inside-track on our economic situation and why now, is still a good time to be investing in property. The main consequence of Brexit is lots of changes surrounding trade and our relationship with the European Union, changes to rules around lending and the general legislative framework that we follow in the UK. Brexit is the biggest project the government has undertaken since the second world war and as a result, lots of the UK market has gone ‘soft’. The brake has been applied to the market and once we get some level of certainty from the government, from the EU and from our Brexit deal we will start to see an increased economic growth, in business and in property. Mark suspects at the end of the Brexit period the economy will see a big release of capital and movement with our economy, our property prices and our rental values. KEY TAKEAWAYS Generally speaking, residential property investors are better insulated against legislative changes than commercial investment and standard retail businesses. Why? Simply because people will always need somewhere to live. There are 70 million people in the UK and they all need a home. Brexit also doesn’t necessarily mean all UK migrants will ‘go home’ there will still be a form of immigration in place to fill jobs and to keep the economy growing. There will always be a demand for new housing in the UK, we are about 100,000 homes short and currently cannot keep up with demand for housing. Because of the supply and demand imbalance you’ll most likely see property prices rise and rents increase. Brexit doesn’t mean ‘stop investing in property’ lots of property markets around the UK have gone ‘soft’ and dropped around 20-25% since Brexit started. The property market will continue to be ‘soft’ until we get some certainty. Lending for both development finance, long-term finance and commercial finance is now easier than ever before, certainly easier than in 2008-2010. Mark recently went to Funding Circle for a loan and was offered £240,000 unsecured at 2.7% per anum. Banks and financial institutions are lending at much better rates than in the last ten years. If you look across the three commercial sectors, retail has become a lot more negative, industrial is very positive due to trade counters and smaller businesses and the office market is also clearly very strong. BEST MOMENTS “We are short of housing demand by about 100,000 homes each year” “RICS are saying rents will go up by 10-15% in the next year to 18 months.” “Lots of investors retract from buying property when there is a lot of negativity in the media and uncertainty around our economic situation, what you need to do is look at the opportunity here” “Our European cousins economy is probably growing about 1% more each year because they don’t have the level of uncertainty the UK has currently” “The Retail market is in a slow-motion crash due to online growth and online retailers” “It is in the European Unions interest to do a deal!” ABOUT THE HOST Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined. CONTACT THE HOST Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive See omnystudio.com/listener for privacy information.

Welcome to another episode of the Mark My Words Podcast. In today’s episode, Mark discusses BREXIT and lays out what’s going to happen post BREXIT and what it means for property investors and their investments? Get Marks inside-track on our economic situation and why now, is still a good time to be investing in property. The main consequence of Brexit is lots of changes surrounding trade and our relationship with the European Union, changes to rules around lending and the general legislative framework that we follow in the UK. Brexit is the biggest project the government has undertaken since the second world war and as a result, lots of the UK market has gone ‘soft’. The brake has been applied to the market and once we get some level of certainty from the government, from the EU and from our Brexit deal we will start to see an increased economic growth, in business and in property. Mark suspects at the end of the Brexit period the economy will see a big release of capital and movement with our economy, our property prices and our rental values. KEY TAKEAWAYS Generally speaking, residential property investors are better insulated against legislative changes than commercial investment and standard retail businesses. Why? Simply because people will always need somewhere to live. There are 70 million people in the UK and they all need a home. Brexit also doesn’t necessarily mean all UK migrants will ‘go home’ there will still be a form of immigration in place to fill jobs and to keep the economy growing. There will always be a demand for new housing in the UK, we are about 100,000 homes short and currently cannot keep up with demand for housing. Because of the supply and demand imbalance you’ll most likely see property prices rise and rents increase. Brexit doesn’t mean ‘stop investing in property’ lots of property markets around the UK have gone ‘soft’ and dropped around 20-25% since Brexit started. The property market will continue to be ‘soft’ until we get some certainty. Lending for both development finance, long-term finance and commercial finance is now easier than ever before, certainly easier than in 2008-2010. Mark recently went to Funding Circle for a loan and was offered £240,000 unsecured at 2.7% per anum. Banks and financial institutions are lending at much better rates than in the last ten years. If you look across the three commercial sectors, retail has become a lot more negative, industrial is very positive due to trade counters and smaller businesses and the office market is also clearly very strong. BEST MOMENTS “We are short of housing demand by about 100,000 homes each year” “RICS are saying rents will go up by 10-15% in the next year to 18 months.” “Lots of investors retract from buying property when there is a lot of negativity in the media and uncertainty around our economic situation, what you need to do is look at the opportunity here” “Our European cousins economy is probably growing about 1% more each year because they don’t have the level of uncertainty the UK has currently” “The Retail market is in a slow-motion crash due to online growth and online retailers” “It is in the European Unions interest to do a deal!” ABOUT THE HOST Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined. CONTACT THE HOST Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive

Our European correspondent, Karan, is here to give an objectively considered preview of the Champions League semifinals because resident Liverpool fan, Tareque, can barely hold it together.