With Euro/dollar below parity, lets talk exchange rates

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 30 August 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Within the Euro, given the vastly different economic structures and stage of economic development, some countries, like Ireland, have undervalued exchange rates and others, like Croatia/Italy/Greece have overvalued exchange rates. This means that Ireland experiences massive supply problems, in housing, transport, too much inward investment etc, while the others experience severe deficient demand problems, unemployment, emigration etc. This represents a permanent flaw at the heart of the system; will it be fixed in the next crisis? The solution is fiscal federalism, like Canada, USA or Australia, but who in Europe wants that right now?

Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0	Before we begin, just giving you an update on our new subscription.
0:04.5	It's called Dave McWilliams Plus on Apple.
0:06.6	You just double-click, you get no ads, and you get me and John, pure and simple.
0:12.1	And, Mac, you get early accessed episodes.
0:14.9	Did you know that?
0:15.9	Sure.
0:16.5	My day is made.
0:19.6	How did the dog sneak out?
0:22.2	When did that parcel vanish?
0:24.7	Who was outside last night?
0:27.2	Arlo doesn't miss a thing.
0:29.7	From 4K cameras to powerful AI detection,
0:33.4	Arlo makes a watched over space, a safer space.
0:37.4	Arlo, 10 years of innovation in one powerful security system.
0:45.6	Find out more and get conditions at arlo.com.
0:50.7	Imagine a world without borders, where money moves between countries fast and securely,
0:57.0	all without having to build or manage a complex infrastructure.
1:01.0	Introducing Visa Direct.
1:04.0	With Visa Direct, you can move money securely to and from
1:08.0	195 countries in 160 currencies.
1:12.9	Move money your way.
1:15.5	Learn more at vizor.com slash visa direct.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from David McWilliams, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of David McWilliams and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.