Lots of economic data over past few days, all pointing to very robust growth as the economy reopens. Plenty of questions remain over the sustainability of that growth. Almost all countries are in the same post-pandemic (we hope!) boat: a big surge in growth but supply constraints and a changed labour market raise plenty of questions. Another shiny new housing plan but how robust are its foundations? The annual central bank off-site in Jackson Hole is closely watched for clues about US interest r...
Sep 03, 2021•36 min•Transcript available on Metacast So much shallow thinking is applied to so many of our problems. Not least housing. But also low pay and inequality. The Fed gets all this, even if many do not Why does Dublin stink? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns . Hosted on Acast. See acast.com/privacy for more information....
Aug 30, 2021•37 min•Transcript available on Metacast The Hong Kong stock market is off 20% from its high earlier this year. That’s the conventional definition of a bear market. Is this the start of something big - the long-awaited global market correction - or is it just down to China’s attempts to cut it giant corporations down to size? What is China actually up to? It’s not easy to question the environmental consensus. Those that do so are vilified. But unquestioning acceptance of conventional wisdom rarely makes for scientific progress. What ar...
Aug 21, 2021•37 min•Transcript available on Metacast Anger is not a strategy. You won’t get lower house prices or lower rents by shouting at the people who bring you the facts. You certainly won’t get more houses if you vote for politicians who magnify and exploit your anger. Following the Great Financial Crisis there was the age of austerity. The Covid crisis is shaping up to be the exact opposite. The tragedy unfolding in Afghanistan was surely avoidable, at least in terms of scale. There will be lots and lots of consequences This is a public ep...
Aug 16, 2021•41 min•Transcript available on Metacast Jim takes us through the latest economic news Why has the environment become so political? Surely it’s just a big problem that needs a solution without left and right taking swings at each other? Ireland is, at last, a big vaccination success. Is this because there are fewer anti-vax nutcases? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-han...
Aug 12, 2021•35 min•Transcript available on Metacast What does economic normality look like?We suggest that nothing will be normal until interest rates rise. Zero interest rates are connected to lots of things: income and wealth inequality, ever higher house prices. But have we turned Japanese? And has Australia quietly moved on from zero covid? recognising that it is a ‘forever strategy’? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a mem...
Jul 31, 2021•31 min•Transcript available on Metacast Jim has been travelling but thinks he might need to keep it quiet. China has taken a sledge hammer to its education and tech sectors. Why? Latest IMF economic forecasts on a watershed day for the Irish Economy. Some Covid arithmetic explaining why vaccinated people turning up in hospital is not as worrying as first appears. And young people looking for their pitchforks. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpec...
Jul 27, 2021•39 min•Transcript available on Metacast Latest inflation news on both sides of the Atlantic has been grim. The debate goes on: is the surge in prices temporary? Lots of data on the Irish economy and a changed future fiscal stance: more spending for longer. The state of our politics: the usual suspects call this austerity. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim....
Jul 17, 2021•36 min•Transcript available on Metacast Anyone heading off after July 19th should steel themselves for sticker shock, not least for car rental prices. Inflation continues its global creep. Boris Johnson look a worried man - for very good reason. The numbers don’t support what he is doing - or at least reveal a massive gamble. Just as England’s social problems reveal a very troubled country. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.co...
Jul 13, 2021•36 min•Transcript available on Metacast Boris Johnson has always been a gambler. His biggest yet is the decision to lift all Covid restrictions on July 19th. Latest eurozone economic data suggest the long awaited lift-off. Are all newspaper articles still written by real people? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns . Hosted on Acast. See...
Jul 06, 2021•36 min•Transcript available on Metacast The UK government believes the time has come to live with Covid. NPHET does not. We look at the evidence and what each government believes. In particular, we shine a laser beam on the trade off between health and the economy. Either there is one or there is not. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns...
Jul 02, 2021•32 min•Transcript available on Metacast Surely governments have a wider remit than do medics and scientists? What is the bigger picture? What is the future for the younger generation? Who is looking after their interests? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns . Hosted on Acast. See acast.com/privacy for more information....
Jun 29, 2021•35 min•Transcript available on Metacast On the 5th anniversary of the Brexit referendum, Chris Grey publishes Brexit Unfolded, his magisterial account of what has happened since that fateful day. The book explores the debate as it unfolded and the evolution of Brexit’s vague definition into the hardest of outcomes. In conversation with Chris Johns, Professor Grey reveals he almost used ‘ lies can never become policy ’ as the book’s subtitle. This is a public episode. If you would like to discuss this with other subscribers or get acce...
Jun 23, 2021•41 min•Transcript available on Metacast Markets decided weeks ago that the inflation scare is temporary. Now they are doubling down with a bet that the ‘relation trade’ is over: that means big reversals in bonds, commodities and much else besides. Signal or noise? There is far too much muddled thinking on antigen testing. It’s a useful addition to the toolkit. Why NPHET is so opposed is a mystery A UK by election reveals that southerners with degrees, jobs and a garden don’t like being trashed on a daily basis by Johnson’s culture war...
Jun 19, 2021•36 min•Transcript available on Metacast Johnson once again fluffed his lines when he had to speak them live. He’s all bluster, zero beliefs and much worse than a mere mini-Trump. 90+% of covid in the UK is of the India/Delta variety. Does scientific advice make sense? Do the current lockdown restrictions? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.j...
Jun 15, 2021•36 min•Transcript available on Metacast The G7 has a long and mixed history. It used to be about exchange rates. Today it is mostly taxes but there have been important environmental initiatives of late. Staff shortages in surprising places: out and about in London and Dublin UK and EU fall out over sausages. Johnson’s next capitulation is in sight, if the past is anything to go by. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become ...
Jun 09, 2021•36 min•Transcript available on Metacast A raft of economic data this week suggests economies on both sides of the Atlantic have taken off like a rocket. But, in the US at least, workers are notable by their absence. The UK looks to be trouble with the Delta variant. How bad could it get and does it threaten the recovery? Property taxes are in the frame. Politicians who should (and probably do) know better say they are in favour of wealth taxes and against property taxes. That is nonsense. This is a public episode. If you would like to...
Jun 04, 2021•37 min•Transcript available on Metacast Comments from civil servants about Dublin’s Street life raise all sorts of questions. Only some of which are about Covid: the ghosts of authoritarian priests are seen walking the Capital’s streets. We all need to be mindful of our inner traffic warden. There could be an authoritarian also lurking in there somewhere. The OECD is getting a lot more optimistic about post-Covid recovery. Joe Biden is worried about China and Wuhan. If the virus was lab-made there is big trouble ahead. This is a publi...
Jun 01, 2021•35 min•Transcript available on Metacast Ireland announces the reopening plan. But the Common Travel Area is still not common: Britain has kept it operating through the pandemic, Ireland has not. US inflation surprises on the upside again; as does the cost of your breakfast. Talks about talks about interest rates going up might be about to begin. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/...
May 28, 2021•32 min•Transcript available on Metacast The future of housing and house prices. Can and should the public sector get much more involved? The competition between economic metaphors: the tomato ketchup economy? If you like this podcast please sign up and/or share with your friends. Get involved in the discussion! Many thanks. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-ji...
May 24, 2021•34 min•Transcript available on Metacast Reaction to our last podcast has been massive and it remains the non-covid issue for Irish politics. It will become the biggest issue once the pandemic is over. Why can’t the government see that they are gifting the next election to you-know-who? The near half-century of neo-liberalism looks like it is coming to an end. We discuss Professor Dani Rodrik’s wise words on what has happened and what is coming our way. Brexit: Lord Frost says all is going well in Dover but things are terrible in Larne...
May 19, 2021•34 min•Transcript available on Metacast A look at what drives house prices. Populists will grab the headlines - and maybe the votes - but they have no solutions, only strategies to make things worse. House prices going up are a global phenomenon, one thats been around for a long time. The role of interest rates is under appreciated. If you like this podcast please join the discussion, tell your friends and/or sign up - we write on this site as well as speak. This is a public episode. If you would like to discuss this with other subscr...
May 14, 2021•34 min•Transcript available on Metacast England turns blue. The end of the Union looms into sight? US jobs disappoint and, once again, reveals the pointlessness of economic forecasting. Jim turns the podcast blue with his revelations about sex toys. The US jobs report may have lessons for Ireland, the UK and elsewhere: ending pandemic unemployment assistance will be tricky. Supply shortages get worse and commodity prices boom. If you like any or all of this please share with your friends. This is a public episode. If you would like to...
May 10, 2021•35 min•Transcript available on Metacast Like this podcast: sign up! And tell your friends! Some economic indicators are approaching all-time highs. Inflation and interest rates set to rise? Janet Yellen and Warren Buffett speak about their inflation concerns. European commentators still haven’t recognised the astonishing socio-economic radicalism going on in the US. It could be the biggest policy experiment of our lifetimes. Some countries achieved zero covid: could their experiences really have been replicated? Not all zero-covid pol...
May 05, 2021•35 min•Transcript available on Metacast This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns . Hosted on Acast. See acast.com/privacy for more information....
Apr 30, 2021•38 min•Transcript available on Metacast This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns . Hosted on Acast. See acast.com/privacy for more information....
Apr 27, 2021•37 min•Transcript available on Metacast This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns . Hosted on Acast. See acast.com/privacy for more information....
Apr 24, 2021•34 min•Transcript available on Metacast A bit of economic history, name-checking T K Whitaker, the insurance problem, inequitable taxation, the lack of interest in SMEs shown by official Ireland and much else besides This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns . Hosted on Acast. See acast.com/privacy for more information....
Apr 21, 2021•38 min•Transcript available on Metacast This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjpeconomics.substack.com Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns . Hosted on Acast. See acast.com/privacy for more information....
Apr 20, 2021•38 min•Transcript available on Metacast The chatter around global corporate taxation grows ever louder with the OECD, the EU and now Joe Biden all joining in. If you thought that Ireland and one or two other jurisdictions are unfairly grabbing your taxes and jobs you will be surprised by the facts. Cheap headlines get in the way of the truth: you don’t need to be a finance expert to understand what is going on. Just listen to Seamus Coffey here. This is a public episode. If you would like to discuss this with other subscribers or get ...
Apr 16, 2021•45 min•Transcript available on Metacast