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To understand the economy, you have to understand human nature.

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How are you? It is podcast time. I hope all is well in your life. You know, the drill, this is, well, I mean, it used to be easier to make the economy more plausible, more logical. But God knows, in the last few weeks, the deck of cards has been thrown in the air. It's impossible now to give a fairly confident forecast of what is going to happen in the global economy.

We have stagflation.

We have rising commodity prices.

We have trade wars.

We have actual wars.

We have the potential of the most monumental trade and financial war between the United States, i.e. us and the Chinese.

It looks as if the world is moving into either you're with us or against us.

Germany is rearming for the first time since the 1930s, which is always something we should sit up and listen to

and maybe even worry about, but something Putin has done is he's actually woken the Germans up

...