@@waynesworldofsci-tech He said literally nothing about military issues, just economic ones. Yes, also wrt Ukr. There was no comment on its military value.
@@ArawnOfAnnwn He said he didn’t understand. So I explained it simply. But in detail: Russia has X number of locomotives out of service due to sanctions. Russia now requires Y more locomotives to transport anything from the manufacturing centres of Moscow and Saint Petersburg. This will cause Z increase in costs if they have enough functional locomotives. This will cause Z * M increase in costs if they don’t have enough locomotives. Those locomotives also are used for grain transport, however the grain harvest will be considerably reduced this year due to however many thousands of square kilometres are now part of the new oblast of East Ukraine. The impacts, along with other things that are happening are going to be significant. Unfortunately I can’t give you hard numbers. I don’t know precisely how many train cars will have to be diverted, now how much the total agricultural output of the area is. I know it’s significant because it’s an extension of the black soil that makes Ukrainian farmers so productive, and Russia doesn’t have huge amounts of good, arable land.
It is about U.S. vs China. I think it is about U.S. vs the world. U.S. for the last few decades has be using the rest of the world as a giant ATM machine in the form of the dollar. U.S. print money to buy actually goods and services from the rest of the world. I don 't think the rest of the world want this arrangement any longer. 2008
Ukranians did not "capture a gas route." They've captured a measure station of a route that is going through the Ukrainian territory. It does not put any risk on gas supplies for Europe beyond the risks there exist already.
Yeah the thing about that is that if they wanted to cut off the supply, they could've just done it anytime they wanted in Ukr itself. The main advantage of that capture is defensive, as it's unlikely any bombs will be dropped close to it. Useful, but doesn't give them any leverage they didn't already have.
Exactly. The gas pipeline goes through Ukraine anyway so they didn't have to invade Russian terrirtory to cut the supply. If they wanted to cut the gas supply they would have cut it anyway.
He didn't suggest that Ukraine might deliberately stop the flow or anything similar. He mentioned that the risk of an interruption in the flow is increasing. Therefore, if fighting and shelling occur near the station, the risk of a gas flow interruption rises
@@baiwuli6781 I got the impression that the author suggests the incursion had a greater impact on the market crash than job statistics or the Japanese rate raise. I believe this is a questionable assumption, especially considering that it occurred after the crash.
If it is meaningless, why did they make such a big deal about it? on.ft.com/3WHxXYq www.reuters.com/business/energy/what-happens-if-russian-gas-transit-via-ukraine-stops-2024-08-08/ I especially thought this explainer was interesting: www.power-technology.com/features/explainer-prices-rise-as-ukrainian-forces-seize-key-russian-gas-hub/?cf-view
I'm a big fan so far. Impressive background information on major developments in a compact format. Sure it could mature but really appreciating the formula!
I would add something to the stock market madness. From my understanding big tech in the US and even other companies like Disney while they have often a great profit margin and stock returns, the dividend yield is abysmal. Means they always were a bet on the future and this increasingly over time . The problem is they reached everywhere they can in the world (and Mores Law is also gone) while the increased interest rates put pressure on them . This is why they let go so many people and at the same time invested so much in AI as a new bet but the economy of AI makes also increasingly no sense. I would call this frosty waters . Its only need a spark to go off. I think what saved them this time is that some people were greedy waiting for the price to drop and big institutional investors stepped in and bought stuff up maybe to save their own investment . I don't think this is over so long interest rates are high this can repeat itself and if we really end up in a rescission the chances only increasing.
The capture of the key gas transit point by the Ukrainians you mentioned does not strategically alter gas deliveries to the remaining countries in Europe who still get Russia gas. These gas pipelines already run through Ukraine and Ukraine could have and can destroy this infrastructure at anytime time they wish.
The Russians & Ukranians did damage some of the infrastructure in the firefight though. 1 or 2 of the overground connections were blown. That's why I'm guessing the price of gas went up the 5%. Still, I never found out how the Russians plan on measuring European gas consumption and separating it out from local gas consumption in the region now.
Look. I am no expert on how gas hubs work. I relied on official Ukrainian communications making a big deal out of this, Reuters and FT reporting + this specialist blog: www.power-technology.com/features/explainer-prices-rise-as-ukrainian-forces-seize-key-russian-gas-hub/?cf-view If they are all wrong. Could you explain exactly why? I would then happily make a correction.
@@MoneyMacro they’re not necessarily wrong. They’re being redundant and a bit disingenuous in that the article is purposefully making it seem like a new big deal when the capability of Ukraine to destroy the transit gas pipelines within their own country they deliver gas from Russia to Europe (what’s left) has always existed.
I read somewhere the gas has effected Russian military operations. By how much? I don't know. Russia has a lot of sources of petrol. Basically just one out of many thorns that adds up to Russian gas as a whole.
@@ayoCC Why invest in innovation when you can lobby politicians for laws and rules that protect your industry? Same thing with the auto industry in the US. It's more of an industry than a lobby these days.
the pipline argument seems weird. The pipe goes through Ukraine, so there is no need for them to capture the station within Russia when they already have all the means to stop the flow.
The station was also already in artillery range in case they wanted to destroy it. They have deliberately not done it in order not to anger their European allies.
He didn't suggest that Ukraine might deliberately stop the flow or anything similar. He mentioned that the risk of an interruption in the flow is increasing. Like, if fighting and shelling occur near the station, the risk of a gas flow interruption rises
Look. I am no expert on how gas hubs work. I relied on official Ukrainian communications making a big deal out of this, Reuters and FT reporting + this specialist blog: www.power-technology.com/features/explainer-prices-rise-as-ukrainian-forces-seize-key-russian-gas-hub/?cf-view If they are all wrong. Could you explain exactly why? I would then happily make a correction.
@@MoneyMacro Well, reading from your link, I don't see anybody making a big deal out of the actual capture of the measuring station. Nor should they. I do see the market reacting with typical nervousness and hysteria to unforeseen changes and surprises: up to 5.7% uptick in gas prices, piped from a country (Russia) with a regime that might not survive the coming years. The EU countries most comfortable cozying up to Putin - Hungary, Slovakia and to a certain degree Austria, have long term deals all hinging on Russia's current regime powering through. They also have media talking about the inevitable Russian victory, so when something like this happens the narrative fails and the market reacts. Hopefully the pipelines go the way of the Nordstreams anyways. Immorality shouldn't be this beneficial.
I dug a little bit more. Well. I don’t think you can use the word “trick the rich people” for Italy for two reasons: 1) the 100 k Euro flat tax was introduced jn 2017 and after the post covid inflation wave it was reasonable to adjust also that old flat tax, 2) those who moved to to Italy when the flat tax was 100 k will continue paying 100 k even after the 200 k flat tax will be introduced. So, nobody got really tricked. I think Italy just acted reasonably.
People like him are OK with middle classes paying a high share of their income towards taxes, but heavens forbid the rich should be told to pay a little more!
@@oldskoolmusicnostalgia He's not making an argument about the moral of it... Eventually, Italy needs to make their choice for their nations, and Italians can vote their parliament out.
@@oldskoolmusicnostalgia Its easier to get money out of normal people, because you can withhold it directly from their paycheck, before they even see it. Ideally government would be a lot smaller, and not need more than $100 K from a single tax victim...
I like this channel. I disagree strongly with many of M&M’s portrayals and assertions- but I watch anyways to nuance my perspective. I like to see how the other guys perceive the same events I do. Quality work, albeit suspicious in motive. Thanks for posting.
Hi prof, these news type of videos are fine, but I think the deep dives into one issue are more interesting. The one sided video about prof G helps to dispel the confirmation bias that’s so inherent in social media. It’s like he has an agenda that he needs to uphold with his institution. As a retired educator, I found his lack of diverse research alarming. Gone are the days where you get a two sided look in TED talks or any channel. Thanks for your more nuanced views.
Bangladesh was quite an open society, for Asian standards. To refrain from acknowledging this is hypocritical. Pundits often forget to recognize that a society without economic security and a stable middle class will hardly ever be a democracy. To become a liberal democracy, you need a population that despises traditional values. With 171 million people, 19% of whom live in extreme poverty, aging infrastructure, and a rather wild capitalism in an economy growing at 5.8% but highly dependent on clothing exports-80% of the total-to Western countries, the highly specialized economy of Bangladesh is its biggest fragility. A very poor society, economically unstable and exposed, and above all politically polarized as the scars of its independence are still fresh. Was there a hand of the US in this color revolution? Most probably. But the non-aligned policies of the previous Prime Minister, Sheikh Hasina, could not survive in a world that is fracturing geopolitically. However, she was backed by India and received support from China and Russia. This is one of the polarizing factors in Bangladesh. The opposition has long criticized ongoing Chinese projects and the Russian-built and operated nuclear power plant. The Chinese infrastructure projects are much needed, and if the just-completed nuclear power plant does not enter production, Bangladesh will face worsening setbacks. The West has shown no compassion in using poor countries for minimal geopolitical gains. This is worrying.
I am very optimistic about bangladesh's new government, I had already heard of Dr Yunus's work with mucrobanking and how much it has helped the poorest unbanked people in the third world, so if they put that guy in charge I think they have a good chance of succeeding
I always enjoy your videos because they always seem levelheaded, truthful, unbiased & non sensationalistic. I generally avoid channels which claim that the stock market or some commodity is going to shoot to the moon. I just want to hear the truth as opposed to wishful thinking.
@@ronald3836 I’m not advocating for soviet socialism, if that’s what you’re implying. I simply don’t understand how it’s controversial to state that it’s immoral for 1% to have more than the remaining 99%, especially when any of those 99% are starving to death. No one needs to be a billionaire. More importantly, no one deserves to be a billionaire, as that always demands that there’s plenty of people down the supply chain being exploited. Also, the existence of billionaires creates a scenario of concentration of wealth that is factually harmful to the economy, not to speak of all the implications that come with that politically and socially. Redistribution of wealth via taxation and investment in public programs and infrastructure is a proven benefit to society and promotes social equality and dynamism.
Sorry, but an Eastern European expert here. (I write for Foreign Policy Magazine, been to the front lines, reporting from there multiple times) Calling the Ukrainian counter-invasion ''desperate'' is extremely misleading. Please don't rely on 'official Russian' sources or western folks who can't even understand either Ukrainian or Russian. It's a brilliant strategic move, not desperation.
@@ihatebalrog being desperate for some good news to assure investors does not mean that this is not a brilliant move. These two things can be true at the same time.
This is just silly semantics. Ukraine was in fact under heavy pressure and had it not embarrassed Russia with Kursk incursion the current climate would’ve swayed against them.
It is desperate, they know that with their remaining resources their likelihood of pushing the Russians out of Eastern Ukraine is more or less impossible. So in a desperate move they attack a poorly defended area to try to change the outcome of the war. You do not make such a move from a position of strength, this is a last-ditch effort to try to regain the initiative. They are diverting much needed resources from the east and then gambling by attacking Russia proper to force Russians to move troops there instead. As I said, it IS a gamble and if it doesn't work out then it's GGWP for Ukraine.
Yeah, yeah. We heard that before. Everything Russia and China does is out of desperation, and every move Ukraine does is brilliant. Thank you for your brilliant analysis, Mr "Eastern European expert"
I love this channel so much. It provides an unbiased economic info, unlike other influencers who just throw out biased opinions to please their followers. This channel is run by someone who really wants you to understand the topic
@@DemolitionManDemolishes Well if that's the best we can get, so be it. Cos right now there's a lot of commonality of biases, based on which language you speak. So English language YT has a clear bias to the west. Anyone who breaks that is welcome.
@@ArawnOfAnnwn true, but we shouldn't try and delude ourselves that this is unbiased, support others who can't tell this isn't unbiased, nor feed into the creator's belief that he himself is unbiased
Great content! Very interesting from the start. These are challenging times and I appreciate the sensitivity with which you talk about global finance. Trading and investing are great ways to build wealth, and I have no doubts about the profitability of the cryptocurrency market. Even during a recession and high inflation, achieving a weekly income of €7,600 is impressive. Larry Kent Burton does a fantastic job and is the perfect person to manage these investment activities.
What do I have to do as a beginner? How can I invest, on which platform? If you know anything, please let me know. I'm new here, please, how can I reach him?
Given the fluctuations of the market, I agree with you that it is better to invest with a professional who understands the structure of the market and succeeds in daily operations without incurring additional fees at the end. Jayson is really good!
1. The invasion of Russia has nothing to do with the economic situation. There have already been incursions into Russian territory but with the participation of the Russian Legion, i.e., ethnic Russians fighting on the side of Ukraine. Now Ukraine has decided to escalate the situation and invade Russian territory with its own forces. 2. The default you are talking about is purely technical. Yes, Ukraine has limited financial resources to pay interest on its debt, but everyone, both in Ukraine and in the West, understood perfectly well that Ukraine would postpone the payment of its debt, so there was no question of a real default. 3. Ukraine did not need to seize the key gas transit point mentioned in the article because the gas pipeline runs through the territory of Ukraine, and there are many valves that could be closed to prevent the gas from flowing to Europe. Bottom line: Your analysis is pretty flawed, and now I’m starting to doubt the validity of your other videos.
@@gabrielalexa1848 for a purely military channel there is task and purpose, he is pretty unbiased despite ties to the us military and has some of the weirdest sponsors on ytb (once he was sponsored by a jet fighter company).
@@theforsakeen177I think it's better to say he is biased in that he is pro-western. But he often openly aknowledges his biases in his videos and still tries to present both sides, wich I think he does rather well. I am pro-Ukranian and like his videos but I have a friend that is sympatethic to the Russians and he also likes his videos.
I also found the financial default reason for the invasion of Kursk a bit strange. There were clear strategic and diplomatic reasons for the invasion. It may be an economist' bias towards economic explanations. (It's a factor to consider in any case!)
I felt like the transition into the nebula ad was a bit too abrupt or too seamless. I was zoned out a little and didn't pick up on the fact that the last few sentences were a conclusion 😆
I don't think anyone is looking at a default in Ukraine during the war. We all knew that Ukraine would be dependent on all forms of foreign aid to survive this invasion, and it's not just in physical materiel, but rather public financing too. The video made it out to sound like there was no public-sector support of the Ukrainian econom, but there's been quite a lot. It's really not a big economy, having about a $40-billion total budget in 2019 at a significantly more attractive exchange rate to the hryvnia than today (almost 2x). It's basically what the budget was for the state of Arizona at the time. Obviously with Ukraine already at war in 2019, Kyiv has a lot more things to pay for than does Phoenix, and it has about 6x more people and a lot more capital requirements for infrastructure. Calling the Kursk operation "desperate" isn't really accurate either. High-risk, high-reward is more like it. To say that Ukraine needed some positive news to encourage its allies to support its economy is maybe number 37 on the list of possible and contributing reasons. I'm pretty confident that most military personnel in allied governments understand the reason why Ukraine is fighting a defensive war to inflict disproportionately higher losses on Russia than it experiences itself. Most of the governments understand this as well, and Europe is largely convinced that no ceasefire that maintains Ukrainian sovereignty is even on the horizon, and that such an unfavourable end to that war would mean EU countries would be invaded next and quite possibly with conscripted Ukrainian soldiers impressed (as in being forced into military service) by Moscow to fight for Russia. It really makes no sense for NATO, the G7, and especially the EU to allow Ukraine's economy to fail and cause such a dangerous situation for Europe. It'll be EU citizens fighting and dying in the next war.
Its exactly desperate last ditch pr stunt in an effort to accomplish something but its meaningless they have wasted so much men and equipment for basically nothing, its like the german offensive in 1918. There will be no reward because there never was any reward, they are more delusional than I though if they are hoping to use this as begining chip which they wont even be able to hold to. Except that nothing they do is defensive and even if it was they would still expirience the same if not higher casualties because of russian use of cruise missiles, glide bombs and massive advantge in artillery. The notion any nato ot eu country would be invaded is insane and stants on nothing but mindless fear mongering with the goal of controlling the populace and convincing them spending billions of their tax money on defence is something good and essential
Can you talk about the recession risk of the US? As Mohamed El-Erian says 30% even after the bad job report and he doesn't his hands, it is very hard how ordinary people should see the potential recession at the moment.
Did not think Bangladesh would be mentioned here 🇧🇩. Thank you for an accurate coverage of this situation! The economic growth is kinda false since there was a bit of an uplift but most people were in poverty. I don't think anyone is going to vote for another dictator after all that has happened. Yunus has been the best option for the government look up what he has done.
Did he really do good things? There are many indicators that the US helped him get in power thus couped the previous leader. Consider that that means huge media cover and putting dirt on the earlier leader. Please try to objectively give an answer. What did the leader before do bad? Why you think Yunus will/ is do better?
@@ArawnOfAnnwn Yeah 16% interest on those sounds Like he Cares for the Poor and not his pockets. Yes but the questions is would the Protest without foreign interference Lead to a coup? Or was her good and friendly Stance to China the Main reason for the US intervening? Now he will let military bases in Bangladesh... Thinking outside the box here
I love your content, but since I currently live in Vietnam, I need to point out that the car shown at 14:33 as a "Chinese competitor" is from a Vietnamese brand - Vinfast.
A flash crash at best. Barely even that. All that said, I think it was just a volatility spike caused by everyone involved in the Yen carry trade decided to unwind their trades all at once. The AI bubble is far from popping. Maybe this will be the first sign of that, maybe not. Who knows?
Well the Ukr govt. just upped their cash requirement for next year from 22.7 billion to '12 to 15 billion' more, at a time when their credit rating has been lowered more recently - they've now got all the aid packages they were hoping on, but still will need more soon
Chinese are now more confident and more prepared to buy Chinese brands over Western. Also, they say that Chinese brands offer more choice and are of better quality than Western ones (though they might be produced in China!). Contemporary Eestern capitalism is cannibalising itself, people earn little, have many expense, some of which were previously covered by the state, and no longer have that much money left for consumption.
0:14 I’m a 2nd year PhD econ student I’m just saying the best and most humble professors I’ve ever had never introduced themselves as Dr. so and so. I’m not saying people who do aren’t humble but it seems a bit… I dunno I’ll always introduce myself as my first and last name and never as doctor.
@@LoserGopher yes. I hate doing adding it. But, there are so many channels on RU-vid run by people reciting Wikipedia and Reddit that I feel it helps distinguish me.
Buddy who cares? He can call himself Dr. Dsc. Msc. Grand Maestro for all I care (as long as it's true). In fact, the best and most humble 2nd year PhD econ students I've ever known never initiate a comment with "I'm a 2nd year PhD econ student"... it seems a bit... I dunno, I'd introduce myself with first and last name
Given the success of the Kursk campaign in terms of diminishing the russian fighting potential, capturing russian equipment, capturing territory and creating chaos in russia, it is strange to call it desperate. Seems to be a rather well calculated move on their part, although only time will tell. The gas story is rather relevant due to the reluctance of Hungary and Slovakia to switch suppliers followed by their unsucessful attempt to blackmail Ukraine and the EU, leading to stress in these economies. The captured gas station does potentially allow Ukraine to control gas flows better than via direct interdiction over it's territory, but that's really secondary here.
Your recent videos aren't as good as your previous ones. There's not as much research behind your narratives. In this video you're basically just sharing a lot of opinions. Hopefully you don't morph into Economics Explained because lately your critique of his content is becoming more and more applicable to your own content. I guess it's kind of the life cycle of a RU-vidr in that you're pressured to release more content faster to keep your channel going.
we need to start taxing income where it is generated, not where the person who receives it lives. If someone makes millions from owning UK property and businesses, they can only make that money because roads and bridges and education and policing is provided. If none of those things existed, the assets would become close to worthless and the business would go under. So it's only right they pay taxes here to help pay for the government services that their profits rely on, wherever they choose to live
Is bringing in more millionaires into a country resulting in more investment into the country? At the personal level, the move is often done for tax purpose, but given the international mobility of capital, it says nothing about where those millionaires will invest. Are there actual studies that show a beneficial effect by the kind of policy implemented by Italy? I see this measure as one more component of a neoliberal fantasy land.
Imo it means higher tax revenue for the government but often no real investment in the country occurs, small fishes that are millionaire by work continue to work for foreign companies and millionaire with business continue their business as usual, downside prices increase for locals pricing them out of the place they move into. If there was a transfer of knowledge I would say it is a positive move but unfortunately is usually for tax purposes so they will move when it no longer benefits them,but I could be wrong.
@@santostv. I agree. Take Portugal's Golden Visa Program that initially allowed investment in real estate to get Portuguese residency. From what I read, it effectively resulted in more revenue for the government, but generated a major spike in real estate prices, pricing out locals from the market. Last year, they excluded real estate investment from the program.
@@lematindesmagiciens8764 Yes, Lisbon is according to some analysts more expensive than Barcelona,Madrid,Milan nowadaya, combined with the fact that we also let anyone in the country in, it's a disaster in the making but don't worry gdp lines go up 😀
1:17 it was unexpected to people who don’t work for a living. When your source of income is selling narratives of course you would not expect a poor labor market report because your only source is what the government and owner class says.
Ukraine's default story is badly misrepresented. Paradoxically, they are not running out of money as FX reserves are near all-time high due to aid inflows. They cannot restart payment to private creditors as that would violate the terms of the IMF program and put further aid at risk.
Isn't Ukraine heading for a classic post-war hyperinflation when they start having to pay their own bills without much of an underlying economy and little will from NATO to pump in more hard currency?
Well their govt. just upped their cash requirement for next year from 22.7 billion to '12 to 15 billion' more, at a time when their credit rating has been lowered more recently - they've now got all the aid packages they were hoping on, but still will need more soon
@@donaldhysa4836 They've been doing that already during the war, and still need more support. Sure the west can top them up even more, but the point is that it keeps getting worse. They need more top ups over top ups ever more as time goes on. And with a worse credit rating, no one but western govts. are going to do it.
@@donaldhysa4836 They've been doing that already during the war, and still need more support. Sure the west can top them up even more, but the point is that it keeps getting worse.
Please do a video on future upcoming tax havens. Uae is new tax haven but i expect some Caribbean and south american countries to have tax havens in future although there are already tax havens in Americas
How is Ukraine’s attack on Kursk desperate? They found a weak part of Russia’s defensive line and forced Russia to address the asymmetry where Ukraine had to defend the whole border heavily, but Russia could leave conscripts and less equipment not fearing an attack. There’s so much analysis on why this puts pressure on Putin’s regime and could help Ukraine. Does attacking Kursk have risks? Obviously. But I really think it’s wrong to call it desperate
Because the assumption made by many is that the move cannot change the fundamental battlefield imbalance- it's too little, too late - and that Ukraine is focused on demonstrating that the support being given is not simply delaying an inevitable loss.
@@racheddar The same assumption is being made of a Russian forces by the same people though. Thats generally what a stalemate is. That doesnt mean any action taken in that context is desperate. At the current rate, it would take decades for either side to run out of manpower or terrority. Desperate implies that the action MUST be taken, or failure is inevitable. Ukraine sending 5000 men into Kursk when both armies are 7 digits in size does not tangibly move the needle, neither does Russia responding to it. Im not sure what military or political analysts you follow, but even Russian sources arent calling this desperate.
@@2639theboss None of us have a reason to assume that the war would continue "at the current rate." It's entirely possible that Russians could make a breakthrough. I don't disagree entirely that the word "desparate" maybe a misreading or mischaracterization of the operation, but in terms of its results it appears to be a sideshow that is going over well with Ukraine's Western backers. Personally, that in itself is telling, because the move humiliates Russia but isn't really a strategic win for Ukraine either.
@@racheddar Those of us who arent experts on the subject absolutely do not have any reason to believe the stalemate will continue. Completely agree. But when every expert in the field believes it will, including Russian ones, I would argue that such a dramatic claim requires some strong evidence, correct? Neither side is running out of manpower. Neither side is remotely close to the economic conditions seen in prior peer to peer wars. Neither side is remotely close to losing backing from their partners. So what evidence exists to disprove what experts from both sides hold to be true?
What's happening in Bangladesh is really sad, the country was booming economically for the past decade but due to the riots and protests and a regime change it seems like it may not be able to remain stable, and except India sadly every country in the indian subcontinent is in some kind of crisis.
no you are wrong. it is good for Bangladesh. the country was NOT booming economically. the data were false. do you know how much money (foreign currency earned by the country people) the government smuggled in 15 years? 150 billion dollar. can you believe it? Hasina regime completely wiped our bank reserves. do you still call it an "economic boom?" the government was printing money illegally and inflation rose all time high. do not say stuff which you don't know. it is a good thing that the hasina government is out. yes there will be instability for a while but everything will be alright eventually.
@@Willsmiff1985 I agree with that sentiment. However this channel, at least the feel of it is that it's not simple and it's not supposed to be. This guy goes into a lot of detail for his videos. If it's simple someone wants then this guy isn't it
I always hear everyone complain about YT algorithm, but i think thats because the vast majority of people are too lazy to, or dont realize they can, train the algorithm. For me i get lots of creators that have less than a 1000 subscribers, and very rarely do i get a recommendation for any "big" YT content. The not interested and do not show buttons work wonders. Also do people not see the subscription page, or is that just for Premium members? Cause if you are subscribed to a channel anything new will show up there. I just use the home page to find new stuff.
12:00 please also mention how Bangladesh started a pogrom on its minority after their nobel winner became pm. Many hindus temples were burned to the ground by them.
Could you please stop using political and loaded terms like tax burden/relief and replace it with more neutral terms. It may be a economics term, but so is proletariat and bourgeois. The percentage of one's income that covers basic life expenses (healthcare, pensions, education, etc) is covered though companies or government is a political question, and not something economists should influence through loaded language.
What terminology to discuss taxes is more neutral? I'm not sure where he used terms that were politically charged exactly. He does say tax break a few times? Is tax cut less politically charged? Tax reduction?
Ukraine is playing the right game causing Russia to have to choose between recruiting new Solders but have to lower salaries as Inflation is now over 9% OR continuing to pay high salaries with fewer solders and hope they can stop the invasion somehow. OR Keep salaries high or even raise them more to recruit MORE solders and risk major inflation run. The problem is that Russian economy does not act well with inflation and the population tends to get very upset. When you raise rates on a normal healthy economy the inflation comes down, but if the economy is too over heated and most of the money payment is in liquid cash and not loans the higher rate could actually make the inflation worse by raising prices on goods but not not enough borrowers to face higher rates. The usual solution for this problem is to Dollarize the economy such as Turkish people, Iran, Venezuela, Argentina, and all other examples of high inflation but for Russia this will be hard becasue they cannot get Dollars easily, China is trying to sell MORE goods to replace the weaker demand for goods inside China so they need to hoard Dollars not sell them. And so Russia might have to make a decision like ask for Dollars for Oil which will weaken the Ruble. No easy solutions.
I was impressed by your trenchant analysis of the Bangladesh situation since I imagine you only have access to secondary sources. Signs are emerging however that it was not the revolution we all thought it was and in fact it was an engineered regime change that has not yet fully played out. I hesitate to call it a coup but I no longer think it was organic or spontaneous. Yes there is a vacuum now despite Yunus and his interim goverment being nominally in charge and yes, the islamist forces are trying to fill it. At one time the very idea would have been risible but they have been working away diligently in the background, keeping a low profile and quietly building followers and support for about 30 years. In that time they have learned to manage their PR and in fact their front line cadres now are clean shaved and in jeans rather than how you might imagine them with beards and skull caps and traditional clothing. In other words they appear relatable to the average member of the public but they have a very focussed and inflexible agenda. It is a serious challenge that the nation will have to overcome. To say Hasina was a bulwark against this is a bit of an exaggeration promoted by her people and by India (for its own domestic rhetoric). Of course Islamists fought against the nation's indepenence believing that Pakistan having been created as a state for Muslims must remain intact. Since Hasina's party emerged from the movement for our independence this puts them naturally at odds. However more pointedly, there was an ISIS terror attack in 2016, relatively minor in the global sense perhaps with "only" 22 casualties but for us it was a shocking violation and the country was deeply shaken. To her government's credit they responded decisevely and without hesitation to hunt down and dismantle any islamist cells operating in the country. This is what people refer to in calling her moderate and secular, in fact she was responding to and incidence of terror. India has drastically misplayed it's hand in terms of soft-power relations. From being the country all Bangladeshis felt most favourably towards what with lingustic and cultural similarities, shared history and the gratitude owed for their help in the final stages of the Bangladesh Liberation War they are now the least trusted and most resented. In fact its how all of their neighbours see them today. Quite unfortunate really.
Engine = motor. "An engine or motor is a machine designed to convert one or more forms of energy into mechanical energy." So if the input energy is electric...
To repeat what Alex Amadeo stated, 1. The invasion of Russia has nothing to do with the economic situation. There have already been incursions into Russian territory but with the participation of the Russian Legion, i.e., ethnic Russians fighting on the side of Ukraine. Now Ukraine has decided to escalate the situation and invade Russian territory with its own forces. 2. The default you are talking about is purely technical. Yes, Ukraine has limited financial resources to pay interest on its debt, but everyone, both in Ukraine and in the West, understood perfectly well that Ukraine would postpone the payment of its debt, so there was no question of a real default. 3. Ukraine did not need to seize the key gas transit point mentioned in the article because the gas pipeline runs through the territory of Ukraine, and there are many valves that could be closed to prevent the gas from flowing to Europe. Bottom line: Your analysis is pretty flawed, and now I’m starting to doubt the validity of your other videos.
@MoneyMacro Stay in your lane. Talk economics, don't speculate on behalf of the Kremlin. Personally, if you pull this kind of crap content again, I will be unsubscribing. If that's what you and your audience want, thanks for all your previous videos!
Talking about a potential default and the need to change the narrative IS macroeconomics. You cannot understand macroeconomics if you completely ignore (geo) politics. That being said, I refrained from talking about details of the invasion, it's chance of succeeding, the risk of nuclear escalation, logistics, etc... precisely because that part is not my lane.
