Why economics is not a cult, negative oil prices, Newcastle United, Altar boys, America's reckoning

[OnDoutside]

Last edited Thu Apr 30, 2020, 04:29 AM - Edit history (1)

David McWilliams podcast

This week he explains what happened with Saudi-Russia-Opec-US oil story, plus the 300th anniversary of Jonathan Swift speculating on the South Seas Bubble, which was caused by something eerily familiar.

This week we cover a wide array of subjects: from new Irish government to possible recession fixes (no disinfectant involved) and then talking to Frank Kane to get to the bottom of negative oil prices. All this and some history and craic along the way, hope you enjoy!

From 16:16 mark

What was the background with those negative Oil prices, the Trump encouraged deal between Russia and Saudis, and what effect it will have on the US Oil production ?

From 38:30 mark

America's reckoning, what this crisis reveals about the country, and its underlying illness.

From 47:26 mark

Europe thinks inequality is appalling, America thinks it's a fair reflection of your effort, yet America has the smallest social mobility in the world. Denmark has the highest social mobility in the world. Pandemics is one of the 4 events that change social mobility.

From 52:50 mark

The 300th Anniversary of the South Sea Bubble in Summer of 1720, and the lesson for now, as to what caused it.

[AJT]

1. Thanks, it should be interesting.

[OnDoutside]

2. It is, i just finished listening to it. His buddy John is a bit too folksy but let that slide a bit.

[PoindexterOglethorpe]

3. Is there a transcript somewhere?

I don't really want to spend an hour listening, especially as a minute and a half in he hasn't started saying anything.

[OnDoutside]

4. No there isn't, however, especially for you :) I've got the jump in points for topics that you might

be interested in

From 16:16 mark

What was the background with those negative Oil prices, the Trump encouraged deal between Russia and Saudis, and what effect it will have on the US Oil production ?

From 38:30 mark

America's reckoning, what this crisis reveals about the country, and its underlying illness.

From 47:26 mark

Europe thinks inequality is appalling, America thinks it's a fair reflection of your effort, yet America has the smallest social mobility in the world. Denmark has the highest social mobility in the world. Pandemics is one of the 4 events that change social mobility.

From 52:50 mark

The 300th Anniversary of the South Sea Bubble in Summer of 1720, and the lesson for now, as to what caused it.

[PoindexterOglethorpe]

5. Thank you.

But since I can read VERY fast and have little patience for sitting here and listening to audio, I'll pass.

[nilram]

6. You can also speed up youtube videos

Click on the gear on the bottom right, then select "playback speed". You should see selections ranging from 0.5 to 2.0. I haven't listened to this one yet, but from your earlier comment, I'm not sure that will help. Something to try if you care to.

[PoindexterOglethorpe]

7. At 2.0, assuming that means double speed,

I'd still need to spend half an hour listening to something I could read in about 10 minutes.