Multipolarity

Israeli Economy Contracts 20 Percent, Nagorno-Karabakh To The Future, Bailey Out-y

Feb 22, 2024

Israeli economy contracts by 20%, possible Armenia-Azerbaijan War Three looming, Bank of England facing massive financial losses, questions raised about central bank policies and the impact on economies worldwide.

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Quick takeaways

Israel's economy contracted by 20% due to reserves call-up, impacting GDP and sustainability.

Armenia and Azerbaijan face tensions over Zangzur Corridor, risking conflict escalation and territorial disputes.

Deep dives

Israel's Economic Decline and the Impact of Reservist Call-ups

Israel's economy contracted by 20% due to the call-up of 300,000 reservists, impacting tax revenue and government expenditure. The GDP decline makes sustainability questionable, affecting government debt to GDP. Consumer spending decreased significantly due to mobilization and panic, potentially leading to adverse effects on macroeconomic variables like inflation.

Introduction

3min

Economic Contraction and Military Call-up: Israel's Struggle

19min

Armenia-Azerbaijan Conflict: Balancing Act and Risks

17min

Bank of England's Risky Monetary Experiments

6min

Unpacking Quantitative Easing and Tightening

7min

Critique on the Divergent Perspectives of Quantitative Easing and Fiscal Costs

6min

The Role of the Bank of England in Stakeholder Democracy

4min

Rise of Populism and the Debate on Central Banks in Stakeholder Democracy

3min

The numbers are finally in. Israel’s economy has contracted 20 per cent year on year.

It seems the only consolation is that it’s still doing better than the economy of Gaza.

How long can this level of decline go on?

With no end to the war in sight, and a new front in Lebanon cracking open, are we witnessing Israel’s fall from the first rank of the OECD?

Meanwhile, remember the war no one cared about?

You know – the Second Nagorno-Karabakh War?

Of September 2020?

Between Armenia and Azerbaijan?

Well, what would you say if we told you the world stands on the brink of Armenia-Azerbaijan War Three? Nothing much?

Finally, a new Treasury Committee Report says that the Bank of England will have lost £80 billion by the end of the year. That’s cash, not just a paper loss. In fact, the full paper loss is around 250 billion.

That means the new Bank debt shovelled on the government’s books this year is close to the entire Defence budget.

Given the present intellectual state of the bank, only one question remains.

Does anyone have a bridge to sell them?

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Multipolarity

Israeli Economy Contracts 20 Percent, Nagorno-Karabakh To The Future, Bailey Out-y

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Israel's Economic Decline and the Impact of Reservist Call-ups

Armenia and Azerbaijan's Tensions Over the Zangzur Corridor

Bank of England's Financial Losses and Quantitative Tightening

Challenges of Central Bank Independence and Technocratic Governance

Remember Everything You Learn from Podcasts