Forward Guidance The Future Of Financial Repression | Helen Thompson on Energy, Capital Controls, and the Federal Reserve
17 snips
Oct 16, 2023 Helen Thompson, Professor of Political Economy at the University of Cambridge, discusses European energy, the Federal Reserve, financial repression, and rising geopolitical tensions. Topics include wind and solar power, nuclear energy, the strong American monetary power, implications of sovereign debt, financial repression and capital controls, the future of money, U.S.-China relations, and conflicts in the Middle East.
AI Snips
Chapters
Transcript
Episode notes
Europe's LNG Strategy and China's Role
- Europe's mild winter and wealth allowed it to outbid countries like Pakistan for LNG in 2022.
- China's fluctuating LNG demand significantly influenced global gas prices and Europe's energy security.
Russia's Oil vs Gas Export Dynamics
- Russian gas exports by pipeline sharply decreased due to political conflicts and pipeline sabotage.
- Russian oil exports remain steady because India and China increased imports and refined products are re-exported worldwide.
Fed's Unmatched Global Monetary Power
- The Federal Reserve's global influence is unprecedented due to its role post-2008 as dollar lender of last resort.
- Energy price shocks and geopolitical risks may force central banks to absorb inflation not caused by monetary policy.