Exploring the potential repercussions of a drastic increase in oil prices to $250 per barrel on the global financial system, interest rates, and debt. The discussion includes insights on utilizing MMT or Fed policy tools, historical inflationary episodes, and the vulnerabilities central banks face in managing supply shocks. Additionally, the chapter touches on de-dollarization challenges, global trade complexities, and the necessity to integrate ecosystem impacts into macroeconomic analysis.
On this episode, Nate is joined by financial analyst Michael Every to discuss global macro trends in economics, politics, and social movements. By taking a wide-view lens of current events, we can better see how seemingly isolated events interconnect and what mainstream economic theories tend to miss. What do rising political tensions and dissatisfaction around the globe amidst increasing GDP tell us about the accuracy of our economic measures? How much are geopolitical conflicts and supply chain disruptions contributing to current inflationary pressures? And what can we learn from current economic models as we steer towards a new system with lower energy throughput in a multipolar world?
About Michael Every:
Michael Every is Global Strategist at Rabobank Singapore analyzing major developments and key thematic trends, especially on the intersection of geopolitics, economics, and markets. He is frequently published and quoted in financial media, is a regular conference keynote speaker, and was invited to present to the 2022 G-20 on the current global crisis. Michael has lived and worked in 9 countries and been in the industry for nearly 25 years, with previous roles at Silk Road Associates, the Royal Bank of Canada, and Dun & Bradstreet. He holds a BA from Lancaster University, and a master’s degree from University College London.
Watch on YouTube: https://youtu.be/F_DhZaVoflA
More info, and show notes: https://www.thegreatsimplification.com/episode/118-michael-every