The Other Hand

The Other Hand

Economics and finance demystified. A recent listener's comment: "I first heard about ChatGPT on your podcast and immediately started using it. I’m 73 and wrote my first program at 16. Having witnessed all developments in computing down the years I think this is the greatest since www. Your pod is informative in many different areas, politics, economics, society changes, housing crisis etc but at times goes beyond that. This episode tying up all this but also the implications of AI with a knowledgeable guest. ENTHRALLING! Keep it coming." cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.

Episodes

May 15, 2024 30 mins

We might need 80,000 new houses a year - or we might not. It all depends on so many imponderables.


One of them being the level of immigration. We now see that everywhere as a problem to be solved. Is it solvable?


Biden is trying to keep cheap Chinese electronic vehicles out of the US. Europe is thinking about doing the same. That's all to protect domestic car manufacturers who don't know how to produce cheap EVs. The Chinese ...

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The State the UK is in & much more!

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In conversation with Professor of Experimental Brain Research, Shane O'Mara.


Robert Kennedy Junior says a worm has eaten part of his brain. Is this possible? Yes - but his 'brain fog' and other symptoms could have been caused by something else. Partly eaten or not, his possible brain injuries are not likely to have led to a predisposition to conspiracy theories. RFK is a prominent anti-vaxxer, for instance.


Why do so many of ...

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The economic consequences of the war in Gaza have so far been very limited. The oil price has been well-behaved, all things considered.


But that war is shaping up to be a forever war. That's the logical conclusion that flows from observing two sides committed to the other's destruction.


If the war costs Biden the election then another logical conclusion is that the great Bidenomics experiment is over. There is a lot of doubt...

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Unemployment edges up on both sides of the Atlantic - things are definitely showing early signs of slowing down.


Whatever the outlook there are very good reasons to quietly ditch the 2% inflation targets that apply to the FED, BoE and ECB - particularly in the US, too much harm will be caused by a drive to 2%. Quietly adopt 3% inflation targets and get on with interest rate cuts. That 2% number was plucked out of thin air in the...

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A packed podcast:


It may be the ultimate social faux pas, but dare we say the latest Revenue annual report contains a wealth of fascinating data?


Back taxes owed by SMEs could be - maybe are - a real problem


Short-termism: anyone wondering why some companies and countries don't inest enough in themselves need look no further than META's (Facebook) results this week. The shares tanked because the tech giant announced a huge...

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The Irish government has released its latest assessment of where the economy is heading. It looks like. a forlorn attempt to dampen expectations ahead of another giveaway budget in a few months time. The last before the general election.


The golden goose will someday stop laying its eggs. What will future generations think of us, what we did the largesses generously donated by the multinational tax boom? Will we be 'grateful Nor...

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Latest opinion polls - and a bit of political crystal ball gazing - points to no one party getting more than 30% of the vote at the upcoming Irish general election.


Why is that and what might it mean? Will Ireland 'Go Dutch' (or Belgian...)? Are we in for weeks or even months of prolonged coalition negotiations?


The deteriorating geopolitical situation might give voters pause for thought about the sort of politicians they wan...

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Initial financial market reaction to big events is often wrong

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More thoughts on the. Economics of Irish reunification

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Professor Edgar Morgenroth has recently published a joint paper with professor John Fitzgerald that takes a deep dive into the potential costs of Irish reunification.


We talk to Edgar about his work. We look at lessons from german reunification and the asumptions behind his estimates that it could cost the Irish taxpayer a lot of money. And a lot of sweat and tears.


Planning will be essential. Bad outcomes after ill thought o...

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Watch the oil price

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Irish and Eurozone inflation falls again - what is the ECB waiting for?


In the US, the super soaraway economy is dashing hopes of quick rate cuts . Perhaps any rate cuts. We need to remind ourselves that this is a good thing.


Will the earthquake in Taiwan create another supply shock? We think not but it is worth watching. So are oil prices worth close monitoring.


Preparing for war on islands just off Taiwan.


Is the EV ...

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One of the first thing that economists are taught is the Free Trade is a Good Thing. One thing that economists don't speak too much about is that free trade creates both winners and losers. Arguably, not nearly enough attention has been paid to the losers.


Whether or free trade is always a net positive depends on many factors. And the alternatives to free trade - the choices made by politicians about things like protectionism - ...

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Leading journalist Sarah Carey talks to Jim and Chris about Leo Varadkar's departure and Simon Harris' accession.


'Harris needs to be much more than a good communicator'. The big test, one of many, will be his choice of cabinet. That will signal whether genuine change is on the way. 'The reshuffle will tell us if Harris is serious'


Will any exiting FG TDs be tempted back?


Why are so many voices of the centre so scared to s...

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Global growth showing signs of acceleration

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Markets are telling us to stop worrying

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A packed podcast!


For the past year or so we have been noticing weakness in Irish exports, particularly pharmaceuticals and one or two other key areas. Falling exports were a big driver of the Irish 'recession' last year.


At least part of this was Covid related and the fall represented payback for the massive boost arising from exports of vaccine and other health related products during the pandemic.


It's only one month's...

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