Morning Brew Daily Is the Inflation Reduction Act Working? & Why Warren Buffett is All In On the US Housing Market
Aug 16, 2023
The discussion dives into the effects of the Inflation Reduction Act, highlighting its investment in clean energy while also touching upon Argentina's soaring interest rates. Warren Buffett's bold moves in the U.S. housing market come under scrutiny, revealing his confidence amidst economic fluctuations. The acquisition of Bazooka bubblegum and Parade underwear signals changing trends in consumer markets, while a severe drought in the Panama Canal raises concerns for global shipping. Meanwhile, a chilling dinner party in Australia leads to a shocking true crime story.
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Twisted Tea Anecdote
- Neal got roasted by listeners for saying no one drinks Twisted Tea.
- It's actually very popular, especially in places like Oregon, where people sprint to stores for special flavors.
Inflation Reduction Act's True Goal
- The Inflation Reduction Act is the biggest climate legislation ever, focusing on clean tech adoption.
- It aims to transition from the Rust Belt to the Green Belt with substantial government funding.
Argentina's Economic and Political Turmoil
- Argentina faces severe inflation (113%) and hiked interest rates to 118%.
- Javier Milei, a libertarian candidate, won the primary, proposing unconventional policies like abolishing the central bank.