The Seen and the Unseen - hosted by Amit Varma cover image

Ep 252: The State of Our Economy

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

Inflation, Consumption, and the Fed Balance Sheet

People had excess savings as a result of the support by the gove. What it leads to in terms of debt and fed balance sheets is different matter, not relevant for this discussion. The point was that you kept consumption going. People got more money than they were used to. We learned a long time ago that inflation is everywhere a monitary phenomenon, right? You pumped so much money into the system, you have inflation. Now we have the worst of both worlds, because we are not self sufficient in many things,. Most of all, the two oils, edible oil and crud oil, both of them. They depend on imports - 70% or 80%. And now we're having

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode