Yesterday I had Tim Duggan of The Oil Report back on the podcast for the second time. We talked about the rollercoaster in the oil market, the situation in the Middle East, and how it ties into the macro big picture. We also talked about the insanity of the political situation in Europe and Ireland, the immigration problem, and several other big picture topics. You can find Tim on Twitter and his Substack below.
Podcast Summary
* The chaotic and ever changing situation in the Middle East, and how it has led to volatility for oil.
* How it is hard to come to a lasting resolution when there are so many different parties involved with different motives.
* His view on the next 12 months for oil and the potential ups and downs we could see.
* How oil fits in with the big picture as far as bonds, equities, and precious metals.
* Why he is currently bullish on gold.
* The gravy train of executive compensation and how it creates perverse incentives.
* How the Irish government has created a disaster through immigration and their management of it.
* The problems in the UK with free speech, and how it is similar to 1984.
* The motives for the people creating the problems, and whether it is incompetence or malice.
* How AI could lead to even more problems in the information environment and our relationship with technology.
* Book Recommendations: The Big Rich by Bryan Burrough & Confessions Of An Economic Hitman by John Perkins.
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