#OnETNOW | "Global economy is handling the unprecedented oil shock reasonably well"
Richard Yetsenga of ANZ Group opines on President Donald Trump's latest comments and his outook on when the war could end
Full interview - https://t.co/u98j3FVH4N
@hershsayta@sajeetkm@ricyet #IranWar #oil
#WATCH | Oil markets swing between hope and fear as Trump hints at ending the war, but ANZ’s Richard Yetsenga says the durability of that statement remains uncertain amid political pressure over rising oil prices
Full Conversation : https://t.co/mll61Zwo4j
#OilMarkets#Trump #Geopolitics #CrudeOil #ANZ @ricyet@AyeshaFaridi1@sajeetkm
This is from 2023, but worth reposting. In counties like Australia the essence of the system seems to conspire against adding to the supplying dwellings.
Underrated factor in why English-speaking countries have especially bad housing crises is their common law systems (adversarial and litigious) vs judge-led civil law systems elsewhere.
Makes Anglo planning/permitting systems especially vulnerable to NIMBYs and other objections.
But if I don’t know to ask about the “torque spec” I end up with a much bigger problem. Is this not another self-driving car issue? Ie it’s 95% awesome, but the last 5% reduces the real-life usefulness massively.
In one chart why climate change mitigation policies are so difficult to sustain -- trying to keep oil for producers at circa USD70 a barrel to reduce supply but at circa USD140 a barrel for consumers to reduce demand.
- Regardless of how the next 90 days evolve, the US’s international reputation has been eroded. The US dollar’s valuation extremes against some currencies seem increasingly unjustified in the medium term.
Now, we monitor.
...
Blue Lens: post the Trump pivot
The global situation remains fluid (needless to say), but conditions have improved.
- The US administration’s pivot on tariffs isn’t a reversal, but it is good news.
...
- For the global economy, the good news is the bilateral China/US tariffs are a more garden-variety economic challenge, but it is a challenge nevertheless. We are therefore still likely to see stimulus from central banks, but emergency plans will be put back on the shelf.
...
Is it madness or is it "Brexit-by-CBAM"? Locating Trumpian economics in policy space.
Another day, another effort to make sense of "manly tariffs". Chartbook newsletter #369 just dropped.
https://t.co/uOssCkbqMN