Stumbling Supply Chains, Stirring Inflation, and a Stagnant Labor Market

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 30 October 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Oct 29,2021: The Core PCE Index's rise of 3.6% is the latest inflation pressure that has the markets beat. Real Vision CEO and co-founder Raoul Pal joins to unpack the latest in the supply chain deterioration saga amid a weak labor market. With Facebook's latest announcement to change the company’s name to Meta, Raoul discusses why the metaverse is an entirely new layer of GDP with endless possibilities for crypto, NFTs, and social tokens. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3w0ExvE Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:21.5	Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Prove for £5 a month.
0:29.1	Welcome to the Real Vision Podcast Network.
0:42.1	Welcome to the Real Vision Daily Briefing.
0:44.1	It's Friday, October 29th, 2021.
0:47.1	I'm Ash Bennington, joined today by CEO and co-founder, Rao Pal.
0:52.1	Rao, welcome so much to talk about the perfect day to have you here.
0:56.1	We've got a lot going on in markets, in the digital asset space.
1:00.6	GDP numbers out yesterday, 2% slowest rate of the recovery below trend.
1:06.1	And once again, it looks like all the usual suspects, supply chains, inflation and labor markets.
1:12.6	US two-year yield up on the week from about 43 basis points now.
1:17.6	Looks like it's hovering around 47 spot five.
1:20.6	I had been as high as 53 bips on a spike this morning.
1:25.1	By the way, you wouldn't know it looking at the S&P 500 record close here.
	...

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