Inflation Needs to Chill & How Fake Parts Got In Airplanes
Oct 13, 2023
29:12
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Discussion on the impact of inflation on markets and mortgage rates. The issue of fake parts infiltrating airplane fleets is explored. The guys also discuss stock picks of the week and TikTok's battle against a ban in Montana. The podcast also touches on the potential impacts of consumer goods companies and airlines strikes. Finally, the fate of TikTok and the use of new technology to read ancient papyrus scrolls are discussed.
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Quick takeaways
Housing costs, particularly rent, were the main contributor to inflation, and while there are indications of rent decreasing, it may take time for lower prices to be reflected in inflation readings.
The US and Qatar agreed to block Iran from accessing $6 billion in oil revenue due to concerns about Iran's financial support of Hamas, which strained US-Iran relations.
Deep dives
Inflation Report Highlights Housing Costs as Major Driver
The September inflation report revealed that housing costs, especially rent, were the largest contributor to inflation. Rental costs accounted for over half of the rise in the Consumer Price Index (CPI) reading. Although there are signs of rent decreasing from pandemic highs, it may take time for lower prices to reflect in inflation readings.
Israel-Hamas War Impacts Iran's Frozen Oil Revenue
The Israel-Hamas conflict has geopolitical repercussions, including the freezing of $6 billion in Iranian oil revenue in Qatar. The release of these funds was contingent on the release of five American prisoners held in Iran. The US, concerned about Iran's financial support of Hamas, blocked access to the funds, straining US-Iran relations.
Discovery of Scam Involving Bogus Aircraft Parts
Researchers uncovered a large-scale fraud involving counterfeit aircraft parts that made their way into planes worldwide. The parts, found in the CFM56 engine, were being sold by a parts distributor called AOG Techniques. The investigation revealed counterfeit documentation, forged signatures, and fake employee accounts. The aviation industry is now scrutinizing parts distribution and reevaluating trust within the industry.
Episode 169: Neal and Toby discuss the latest inflation report and how it has impacted markets and mortgage rates. Plus, why the US and Qatar have agreed to stop Iran from accessing $6 billion and how one company was making fake parts that infiltrated airplane fleets. The guys share their stock and dog of the week and TikTok fights a ban in Montana. Finally, what is the Vesuvius Challenge?