Tag: economy

The US refines and uses heavy oil, but it produces light oil. It imports a lot of this heavy oil and exports the light.

Posted on by Lone Candle

The US refines and uses heavy oil, but it produces light oil. It imports a lot of this heavy oil and exports the light.

https://www.youtube.com/watch?v=nmt5D9vOoVU

Why inequality is NOT the problem | prof. Lane Kenworthy

Posted on by Lone Candle

Studies don’t add up to supporting that inequality matters outside of the inequality itself. Instead of focusing on inequality, it’s better to focus on helping everyone live a better life than on inequality per se.

https://www.youtube.com/watch?v=ziVSakxDaPk

Oxford Study EXPOSES USA: Americans Twice as Poor as Europeans, 35-Year Decline Hidden

Posted on by Lone Candle

In the US, it takes twice as long for the average person to earn a dollar compared to the UK, France, and Germany. The US has higher GDP per capita, but it’s so unequal that more of its citizens are worse off compared to Western Europe. In 1990, the US’s time-to-get-one-dollar numbers were comparable to these countries. In the US, the well-off are doing better than ever, but everyone else lives precariously.

https://www.youtube.com/watch?v=rNlxckSioxY

The Iran war may be pushing the US into recession. It could cost the US economy 200 billion, or even a trillion, dollars.

Posted on by Lone Candle

The Iran war may be pushing the US into recession. It could cost the US economy 200 billion, or even a trillion, dollars.

https://www.youtube.com/watch?v=sYcacsfqrq0

Meta Thoughts

Posted on by Lone Candle

Facebook changed its name to Meta and spent billions on the Metaverse. This was a failure. If government had done this, it would be lambasted and held up as proof that government is incompetent and can’t do things. Yet, when the private sector does this, we let it go. We shouldn’t have this double standard. In both cases, if some money isn’t wasted on failed ideas, then we aren’t trying enough new ideas.

https://www.youtube.com/watch?v=lQGDnM2fSwI

Iran wants to make clear that if you mess with them, they will greatly damage the global economy.

Posted on by Lone Candle

Iran wants to make clear that if you mess with them, they will greatly damage the global economy.

https://www.youtube.com/watch?v=EdABz6qsewA

Shipping is Afire | Attacks off Kuwait | No Escorts, the Strategic Petroleum Reserve & the Jones Act

Posted on by Lone Candle

Iran is predictably limiting shipping in the Strait of Hormuz as a result of Trump’s attack on Iran, sending oil prices higher. Removing the Jones Act won’t move the needle while the war drives oil prices higher.

https://www.youtube.com/watch?v=zenHFm60xKM

Andrew Ross Sorkin on the Crash of 1929 & The Parallels We See Today | The Real Eisman Playbook

Posted on by Lone Candle

So before regulation, the great tycoons of the era just acted like greedy unethical thieves in financial markets?

https://www.youtube.com/watch?v=Yp6EggtUBYI