We thought we’d get a little political on this week’s show. Are we serving up a bubble that was a landslide UK election, or is the new government trouble a bubble? And we want to deconstruct Will’s Pessimism Paradox as it applies to the place we most often seen bubbles, in high finance where the less certain the outcomes to higher the markets go.
For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com
You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/
More on Will Page at: https://pivotaleconomics.com
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Deconstructing Economic Pessimism in the Wake of a New Government
In this episode of Bubble Trouble, hosts Richard Kramer and Will Page discuss the political and economic landscape in the UK following the first 100 days of a new government. They analyze the concept of political and economic bubbles, questioning whether pessimism dominates current narratives. The discussion spans issues like the impact of the cloud on GDP measurement, tax policies, and the importance of attracting talent over traditional economic metrics. The hosts also delve into the role of economists’ outlooks during different economic conditions. The episode underscores the significance of focusing on new strategies and the long-term impact of political decisions, highlighting the government and economic system's current challenges.
00:00 Introduction to Bubble Trouble
00:44 Part One
00:50 Analyzing the New Government's First 100 Days
03:56 The Pessimism Paradox Explained
14:13 Debating Economic Growth and GDP
18:59 Part Two
19:19 Tax Policies and Economic Challenges
25:23 The Talent Competition and Immigration
28:57 Reflections on Political Labels and Strategy
32:47 Conclusion and Listener Engagement
33:25 Credits
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