Merryn Talks Money
Argonaut’s Barry Norris Says Invest in Argentina and the US
Nov 29, 2024
Barry Norris, Chief Executive of Argonaut Capital Partners, brings his global finance expertise to the conversation. He argues that capital favors the US and Argentina over the UK, critiquing Labour tax policies and high energy costs. Norris dives into investment opportunities in Argentina's evolving energy sector, driven by fracking, and discusses the political dynamics in the US. He also shares his insights on Bitcoin, questioning its value while highlighting its protective potential in challenging economies.
43:36
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Quick takeaways
- Barry Norris emphasizes the importance of investing in Argentina and the US due to their favorable economic environments and energy resources.
- The podcast critiques UK economic policies, highlighting how increased taxation and government expansion hinder private sector growth and productivity.
Deep dives
The Failing Energy Transition
The current energy transition is deemed inadequate as it shifts reliance from cheap fossil fuels to more expensive and less reliable renewable sources. This transition has led to soaring electricity prices in the UK, which are reported to be three times higher than in the US, highlighting a significant competitiveness issue for UK industries. For example, essential industries such as steel and fertilizer production struggle under these elevated costs, which have surged over 300% in the past five years due to government subsidies for renewable projects. This scenario raises serious concerns about the long-term sustainability and economic viability of the UK amidst a global shift towards cleaner energy.
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