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The Intelligence from The Economist
Argo the sequel: America and Iran’s hostage deal
Sep 19, 2023
21:28
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The podcast discusses the controversy and financial implications of the recent US-Iran prisoner swap, explores the launch of a new subscription called Economists Podcasts Plus, explains the different types of fixed mortgage rates and their impact on the housing market, and explores how sit-down restaurants bridge social divisions.
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Quick takeaways
- The recent prisoner swap between the US and Iran involves the release of US citizens and unfreezing of Iranian assets, impacting the relationship between the two countries but not signifying complete reconciliation.
- Forever fixed mortgages offer stability but come with higher borrowing costs, leading to a frozen housing market and borrowers paying significantly higher interest rates over the long term.
Deep dives
Prisoner swap between the US and Iran
Five US citizens and five Iranians were released in a prisoner swap between the US and Iran. The US administration unfroze $6 billion of Iranian assets in return. This deal has repercussions for the United States and Iran's relationship, but it doesn't signal a comprehensive reconciliation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode