Merryn Talks Money

Argonaut’s Barry Norris Says Invest in Argentina and the US

6 snips
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.
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INSIGHT

UK Economic Policy

  • The UK government prioritizes raising taxes on the productive economy.
  • This reallocates resources to the unproductive public sector, hindering growth.
INSIGHT

UK's Economic Doom Loop

  • The UK faces a double whammy of state socialism and lip service to capitalism.
  • This is similar to the 1970s but without the crucial emphasis on cheap, reliable energy.
INSIGHT

Impact of Net-Zero Policies

  • UK electricity prices are significantly higher than the US and IEA median due to net-zero policies.
  • Subsidies for renewable energy, particularly offshore wind, are driving up costs for consumers.
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