Finance & Fury Podcast
546 episodes - English - Latest episode: 11 months ago - ★★★★ - 4 ratingsThere is zero formal financial education through the standard schooling system.
Your formal education prepares you for your career and making money! ...but after graduation you're on your own trying to figure out what to do. This leads to a lot of frustrated, furious people!
Finance and Fury picks up where your formal education left off, providing a unique insight into the world of economics, personal finance and building wealth with three different episodes each week.
To start the week, in Mondays' episodes we look directly at personal finance, so you can act independently and make your own financial decisions - not follow the crowds. Let's be real here, how well is that working out for the ‘average’?
Say What Wednesdays – Each Wednesday we give you the answers you are looking for and respond to questions from our listeners (that's you!)
Furious Fridays – Each Friday we explore often misunderstood topics about finance and the economy, shedding some light in dark places, and challenging some common misconceptions.
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Episodes
What economic factors affect the economy and how do these affect our daily lives?
September 16, 2020 05:19 - 22 minutes - 20.5 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Raj. “I would love to have an overview of how certain economic factors are interlinked and impact economies: Inflation, Forex rates, Oil prices, Trade imbalances, Fiscal deficit, Money supply, Repo rates, Yield curves and bond prices, Lending rates and Central Bank monetary policy” Big topic – every one of these factors is related in one way or another – both to the economy and to one another The e...
The story of Dave Portnoy and a warning to any new traders about overleveraging.
September 14, 2020 07:18 - 20 minutes - 18.6 MBWelcome to Finance and Fury. This episode is about the story of Dave Portnoy and a warning to any new traders of overleveraging – or even using leverage if you are relatively inexperienced There are Millions of new investors are getting into the market- which is great – but being a new investor will come with growing pains I had plenty of growing pains for the first 5-10 years of investing – from 16 to 26 – learn a lot from mistakes But thankfully – all of those mistakes were isolate...
What is the difference between inclusive versus exclusive economic systems?
September 11, 2020 09:06 - 19 minutes - 17.4 MBWelcome to Finance and Fury, the Furious Friday editon. Last week – looked at laissez-faire economic system What laissez-faire should provide – a system of let it be – at the core – a system of relative freedom for the individual – doesn’t mean freedom for everything There are still laws in place in society which a government needs to enforce – those of negative rights – where someone doesn’t have the right to infringe on you – unless what you are going is against the law – for instanc...
Will negative interest rates come to Australia?
September 09, 2020 03:43 - 16 minutes - 15.4 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Cameron. “Do you think that negative interest rates will come to Australia?” Today – look at what would trigger a negative interest rate policy (NIRP) – exchange rates, economic conditions like employment or inflation, then debt levels – at the household level The cash rate was cut to a record-low 0.25% in March and has remained there since. The Reserve Bank board insists it will not increase ...
What are some different forms of currency and which ones are in our best interest?
September 07, 2020 09:40 - 20 minutes - 18.4 MBWelcome to Finance and Fury. Today’s episode – look at the potential kinds of money what are the best kinds of money are the best for the population In the modern economy - The unprecedented expansion of money supply – created some economic and political consequences is only possible with certain kinds of money Different forms of money – One world currency – digital backed, Fiat currency, Different gold standards Then rate these - Look at their stability, degree of central contro...
Fully planned or self-organising chaos: which economic system leads to the best outcome for us?
September 04, 2020 09:44 - 20 minutes - 18.8 MBWelcome to Finance and Fury, the Furious Friday edition. Today, we are going to go through the concept of Planning versus chaos within an economic system Before we get into it - Which one would you prefer – purely based around the description – an economic system that is fully planned or one that is based around chaos – albeit self-organising chaos? That is where Fully planned does sound better – in theory – you should have lower uncertainty – through have some entity creating all the r...
What is happening in the property market and will property prices decline from here?
September 02, 2020 03:50 - 18 minutes - 17.1 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Martin. Paraphrasing the question – but the crux of it is - What is happening in the property market and will property prices decline from here or were the original bank forecasts overestimated? Great question – Today What is going on in the property market – Did an episode a few months back covering the economic forecasts – went through worst and best cases – said that it wouldn’t be the worst – ...
Looking at the factors behind the AUD/USD exchange rate movements.
August 31, 2020 07:36 - 17 minutes - 15.8 MBWelcome to Finance and Fury. Last Monday – talked about exchange rate basics Summary - There are a number of factors that go into analysis of the fundamental health of economies and the implications for currency movements – and in turn these can affect the exchange rates – Went through indicators that show the flows and trends of supply and demand - like the balance of payments (capital and current accounts) and the level of foreign reserves a country has – including economic indicators...
The “almost-GFC” – the story of LTCM and how one hedge fund almost created their own global financial crisis.
August 28, 2020 02:18 - 17 minutes - 15.9 MBWelcome to Finance and Fury, the Furious Friday edition, where we will continue to look at some derivative disasters. Last week – went through some of the basics – and a few Australian specific examples - In todays episode – want to look at the Long Term Capital Management crash in the late 1990s Similar to some of the cases last week – wouldn’t be surprised if you haven’t heard of this – but it had the potential to spark a larger crisis – The story is very similar to the GFC- almost...
The News Media Bargaining Code - the medias way of reclaiming their informational top spot on digital platforms
August 26, 2020 02:51 - 16 minutes - 15.5 MBWelcome to Finance and Fury, the Say What Wednesday edition. This episode is a bit of a special episode –looking at some legislation in Australia that is currently underway – Has to do with the Government stepping in for the Monetisation of the news – which could ultimately mean the consolidation and control by legacy media of the information that you receive Might have, or may not have heard about this new bill that is going through parliament - likely to pass in Australia in the next...
Understanding currency markets and exchange rates.
August 24, 2020 09:37 - 22 minutes - 20.2 MBWelcome to Finance and Fury. I’ve seen news about the AUD being at a 15-month high Today – wanted to do an episode on exchange rates and look at some of the fundamental driving factors in the price movements – next week put this together and look at the current trend and factors behind it In the modern financial world – most exchanges are floating exchange rates (excluding some nations – like china that have a semi pegged currency to the USD – or others that just use it outright) What ...
Financial weapons of mass destruction – derivatives disasters in Australia
August 21, 2020 08:09 - 18 minutes - 16.7 MBWelcome to Finance and Fury, the Furious Friday edition. This episode – will be looking at derivative disasters through in the history – looking at specific crashes of near financial disasters – that were contained Specifically – Look at a few examples in Australia –ones that most people wouldn’t have heard about – been studying derivatives and the legislative side to them over the past few weeks – came across cases that I had never heard of – wanted to share this and help to demonstrate...
What are Commonwealth unfunded superannuation liabilities and who do these benefit?
August 19, 2020 09:28 - 12 minutes - 11.4 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Douglas: “Long time listener of your Podcast and it has great insights and thought-provoking ideas. Can you dive deeper in to who are the beneficiaries of the Future Fund from and what the unfunded superannuation liabilities means and list who besides politicians this fund does benefit?” Douglas brought up a good point – that the commonwealth unfunded liabilities don’t just go towards politic...
How to build a framework for making important financial decisions.
August 17, 2020 10:04 - 15 minutes - 14.3 MBWelcome to Finance and Fury. Today’s episode – how to build a framework for decision making – for investments or wealth building strategies Not one set way to make a decision – everyone is different – everyone has different situations – people make decisions in different ways – Emotional decision making – some people just go with their gut – Logic/formula-based decision making – following a framework on what to do both have their pros and cons – the first one enables you to take act...
What are the different forms of capital to help maximise your total level of wealth?
August 10, 2020 08:39 - 15 minutes - 14.3 MBWelcome to Finance and Fury. Quick announcement – only episode this week – have my FASEA exam coming up so need to spend spare time studying for that – back to normal next week – sorry for any delays getting back to any of you In this episode – I walk to talk about different forms of capital – What is the first thing that you think of when you hear capital – outside of finance, might be capital letters or a capital city – but capital as an economic definition - consists of assets that ...
Are we going through an economic or societal collapse or just another turning in a cycle?
August 07, 2020 08:25 - 20 minutes - 19.2 MBWelcome to Finance and Fury, the Furious Friday edition. Last week we went through the Fed Theory and disconnect theories. Today I want to look at an overlapping theory to this on what is happening in society as well. I just finished an interesting book called the fourth turning and I wanted to share some insights into this. So much of what is happening in the world is built around politics – politics and the economy – but it is nothing new - the economy is us and our interactions with on...
Can politicians use the Future Fund to bail out the economy?
August 05, 2020 05:43 - 16 minutes - 15.1 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week the question comes from Justin. “Hi Louis - I have been listening to your podcast for the last few months. I love all your work. I was just listening to Mondays episode of your review of the budget. And I had a question for you that maybe you could use on the podcast. The question is about the governments Future Fund and whether they could access this is a potential option as like a bail out for the current economic ...
Do value shares perform better than growth shares when inflation levels are high?
August 03, 2020 08:22 - 17 minutes - 16.1 MBWelcome to Finance and Fury. This episode – want to continue looking at theory versus reality – Focus on the theory of Value versus Growth investing in an inflationary world – and which one does better Looked at if inflation will return – but if it does - maybe Value shares start to outperform growth shares again Inflation is a major focus in the current economic world – especially since the 90s – Everyone pays attention to it - Investors, businesses and especially Central banks - conti...
Theory versus reality – Can any theory explain the current action of financial markets?
July 31, 2020 04:55 - 19 minutes - 17.6 MBWelcome to Finance and Fury, the Furious Friday edition. Today – want to look at market theory versus reality – because a lot of market theory doesn’t hold up – so are the markets truly changing? Is this just a short term divergence prior to markets going back to match traditional investment theory? Or are markets transitioning to an entirely new systemic paradigm – If so - Metrics of the past will not be able to predict how markets behave according to expectations In this episode – hav...
Should I make additional mortgage repayments or start investing?
July 29, 2020 08:03 - 20 minutes - 18.6 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Scott: “Hi Louis, I am currently in my 30s and have recently bought my first home. I would like to get your view if I should take advantage of low interest rates and start to put additional funds into my mortgage or if I should be thinking long term and investing instead. My mortgage is around $580,000 and I would like try to get this paid off as soon as possible but at the same time, know that in...
An economic and fiscal update and examining the 2020 budget
July 27, 2020 08:27 - 18 minutes - 17 MBWelcome to Finance and Fury Budget came out last week – this episode – go through the fiscal overview and the policy measures in it Fiscal overview – provided updates on the government budget position and economic updates Government – added $289 billion in fiscal spending and balance sheet measures - equivalent to around 14.6 per cent of 2019‑20 GDP At the same time - estimated large declines in taxation receipts has seen a major deterioration in the budget position, with estimat...
Is water investment the petroleum of the 21st century?
July 24, 2020 06:59 - 16 minutes - 15.2 MBWelcome to Finance and Fury, the Furious Friday edition. Episode today about a trend over the past decade and moving forward – is water the new petroleum? A few episodes ago – went through what is more valuable – a TV or water – depends on your perception and what is in demand versus supply – but if you think about it – what is the most valuable thing to us as humans – I would argue - Air – Water – food – our survival is predicated on these three things – rule of 3 here – 3 minutes, ...
Are the risks from investments in structured products worth their potential returns?
July 22, 2020 08:19 - 17 minutes - 15.8 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week the question comes from Mina. “I would love to get your view on Structured products like the ones being offered by sequoia. Is the risk worth the return?” Great question – thanks Mina - this episode is not investment advice – general nature - Structured products – A structured product – can also be referred to as a market-linked investment – they are a pre-packaged structured finance investment strategy based on an u...
Is it time to jump into or get out of the tech bandwagon?
July 20, 2020 08:16 - 19 minutes - 17.8 MBWelcome to Finance and Fury. A lot of people may be feeling regret right now - regret for not holding technology shares like Afterpay – it is up around 850% from the low in March Was not buying tech shares a bad decision? And is there potential from here? Look at this in this episode – Most people want to make the correct decision for investments – hard to know what is the correct decision - When looking at some sectors of the share markets - technology stocks in particular – might be h...
Revoking legislation on banks as they gain access to billions in newly created government guaranteed loans, what could go wrong?
July 17, 2020 04:21 - 18 minutes - 16.7 MBWelcome to Finance and Fury, the Furious Friday edition. In the last two Furious Friday episodes, I’ve talked about the regulation and de-regulations on the monetary and fiscal sides. Covered the Banking Act of 1933 and the Glass-Stegall section of this – then the financial de-regulations that occurred in 1986 and 1999 – some interesting events have played out since then What I didn’t cover is that there was a step taken back after GFC – to help undo some of the de-regulation a rule ...
What are the best methods of accessing gold and what are the opportunity costs to growth and income returns?
July 15, 2020 08:28 - 18 minutes - 16.6 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Mario. “Loving the podcast on the central banks. I have a question about purchasing gold as part of my investment strategy. My core investment strategy is to invest in high quality stocks that pay a consistent and growing dividend however recently I feel that gold and silver as a hard asset are important. I know Warren Buffet advocates against the purchase of gold given its an unproductive asset ...
The future landscape of your superannuation accounts and the rise of the “megafunds”.
July 13, 2020 08:46 - 22 minutes - 20.9 MBWelcome to Finance and Fury. The future landscape of superannuation – the rise of megafunds through compelled mergers Numerous bodies, including regulators and government, have been keen for superannuation funds to merge The merging of several larger superannuation funds are currently underway creating so-called mega funds. On the flipside, there are smaller superannuation funds, particularly niche funds who focus on areas such as ethical investments, that are holding out against the p...
Beyond monetary policy, what policy changes can be made to help improve economic conditions?
July 10, 2020 06:15 - 26 minutes - 24 MBWelcome to Finance and Fury, the Furious Friday edition. Last Furious Friday episode – started on a thought experiment – looking at the reversal of the trends in Monetary policy - who knows if these would work and make for a better economy – these were: Separate commercial and investment banking Remove reliance on a debt fuelled economy – reforming central banks to remove inflation targeting as a monetary policy All of these are at the monetary Level – solution isn’t the monetary polic...
What are the investment opportunities that come from the ageing population trend?
July 08, 2020 07:33 - 24 minutes - 22 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Shaf – “I would like to get your opinion/analysis on Australia’s ageing population, and investment opportunities that are linked to this segment of the market. For example, companies like CGF or publicly listed aged care providers.” Great question – This style of investing is along the lines of Thematic investing Thematic investing involves creating a portfolio or investing in companies involved ...
How to start taking investment actions today for a better you tomorrow.
July 06, 2020 08:05 - 19 minutes - 18.1 MBWelcome to Finance and Fury What is important when it comes to investing? Or which is the more important – what you know or what you do? Sometimes the more you know – the harder it is to invest – information overload – can be a curse of knowledge – if you knew nothing but over the past 20 years just bought index funds – better off than if you knew everything (which nobody does) but never invested a single dollar – In this episode – talk about Investing actions – over knowledge Obvious...
Options for reversing the “big bang” deregulations and the economic reliance on central banks.
July 03, 2020 05:41 - 27 minutes - 25.3 MBWelcome to Finance and Fury, the Furious Friday edition. Does the Government need to solve economic problems? Do central banks solve economic problems? If so – how? These are honest question that do need to be thought about - there seems to be this growing thought through western societies that the answers to both are yes. That individuals are no longer capable of making their own decisions or choices in the economy – and it is up to a higher power But yet- if we are left to our own dev...
Rethinking the value of investment strategies for the future.
July 01, 2020 09:36 - 23 minutes - 21.7 MBWelcome to Finance and Fury, the Say What Wednesday edition. Last part of a 3 part series from Ryan’s questions – looking at alternative future investment strategies Episode two weeks ago – went through debt jubilees – Last week went through policies and how these have affected asset prices This episode we will be focusing on alternative investment options – such as crypto – thinking outside traditional investments like shares or property when it comes to future investment strategie...
Coffee, dominos and the basics when understanding how the real economy functions.
June 29, 2020 08:40 - 21 minutes - 19.5 MBWelcome to Finance and Fury. Today - Understanding domino effects within an economy – This episode is aimed to help think more about orders of effect and consequences from actions – Talked about this in last FF ep – this episode is a bit of a lighter episode – been talking about heavy theory for a while Purpose of this episode is to help explain the working of the real economy - expanding on a thought experiment to help you understand the difference between government policies – that ...
Is it time to rethink monetary policy? A question from Ross.
June 26, 2020 07:32 - 28 minutes - 25.8 MBWelcome to Finance and Fury, the Furious Friday edition. Today is more a Say What Wednesday episode, I need to catch up on some of your questions and this one fits in nicely. This is a question I got from Ross about rethinking monetary policy. “Am currently reading Stephanie Kelton’s book the deficit myth. As she is a proponent of MMT Explaining her perception of debt inflation. And the role of government in the way money is distributed in the economy. As well as the way taxes are used t...
Where to invest in a world where major asset classes are artificially propped up by monetary policy?
June 24, 2020 09:02 - 26 minutes - 24 MBWelcome to Finance and Fury, the Say What Wednesday edition. Policies that governments and CBs have implemented that affect asset values Relates back to Ryan’s investment thesis - As a millennial I understand that the government has to do their best to keep the ageing baby boomer asset prices (predominantly US share market and Australia property) high so they don't have to fund them in retirement through pension- though I am not sure I am that interested in paying top dollars for the...
The future of the share market: How central bank intervention will be a dominant factor going forward.
June 22, 2020 07:33 - 17 minutes - 15.7 MBWelcome to Finance and Fury. Investing in the equity or debt markets in the world with greater levels of Central bank interventions – The rebounds of the market – seems to be responding to the Fed and the US Treasury Last week – the ASX recorded its biggest one-day rise in two months – the market hit the 6,130 mark and then took a tumble – went down to close to 5,700 – then rebounded – this rebound seemed to be after an escalation in policy support from the US Federal Reserve was announ...
Welcome to CHAZ! Is it the manifestation of a behavioural sink or a true revolution against authority?
June 19, 2020 09:23 - 22 minutes - 20.4 MBWelcome to Finance and Fury, the Furious Friday edition. Been watching a very interesting social experiment play out – the rise of the nation of CHAZ – Capital Hill Autonomous Zone – If you haven’t heard about it – it is a LARP – live action role playing for an anarchist/communist state – not really a new country or nation - Area in Seattle – about 6 city blocks – protesters have taken over a zone in the city and are calling this a decentralized state – saying that they are separate fro...
What is a debt jubilee, what are the chances of this happening and how does it affect the economy?
June 17, 2020 08:14 - 20 minutes - 18.8 MBWelcome to Finance and Fury, the Say What Wednesday edition. Part 2 from last week with Ryan’s question – Starting to look at this - What is a debt jubilee – what are the chances of this occurring and how would this affect the economy – Dates back to biblical times - The official term ‘Jubilee’ comes from the Old Testament- in some parts of Mesopotamia -Jubilee Year of Leviticus 25 was based on Babylonian practice for over 2,000 years -the practice of debt cancellation, called “andurarum.” ...
How fear can control the share market and how to invest without fear
June 15, 2020 01:26 - 15 minutes - 14.5 MBWelcome to Finance and Fury. Today we’ll talk about what rules the market, fear, and why it is important to have some fears but also overcome them Fears rule the market – and the more fear makes the market more volatile Occurs on both side – fears of losing money – fear of missing out on returns Drives large crashes and drive large rallies – obviously selling and buying affect price – but the fears can be behind the behaviours of buying and selling Behaviours of the current market – ...
The crash and depression of 1873 - When good infrastructure goes bad!
June 12, 2020 02:18 - 18 minutes - 16.9 MBWelcome to Finance and Fury, the Furious Friday edition. Last Friday, we went through theory versus practical reality of public infrastructure spending – roads and railroads are needed. In this episode - Look back at an economic crash – in relation to infrastructure – I Know there are differences – but illustration of when too much of a good thing can go bad – especially when economic or development policies create a reliance to the economy on economic growth – especially when there is ...
Debt jubilees, government policies, cryptocurrencies and future investment strategies
June 10, 2020 09:49 - 16 minutes - 14.7 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Ryan. “I would love to run by a thesis I have and would love to hear your opinion on the matter. I have recently been reading all of Ray Dalios ''Changing World Order' publications on LinkedIn and some of Raoul Pal's information and Jesse Felder's.” I remember Jesse releasing his advice to start buying Gold back in late 2018 and since then gold has done really well. Additionally Raoul's think...
The share market in March! Comparing now to 2008 and 2009 and which one we are closest to?
June 08, 2020 08:28 - 18 minutes - 16.6 MBWelcome to Finance and Fury - Where are we at? Market has been going up - Looking at a chart – March in 3 particular years stand out – 2008, 2009 and 2020 – Why? They are each their own respective bottoms of the market after declines – In this episode - March 2008, March 2009 and march 2020 – are we sitting at a similar position as 2008 or 2009? Share market gone up from its March 23rd low – some analysts are seeing similarities with the massive rebound that took place when the market...
Can public infrastructure spending help to boost a depressed economy?
June 05, 2020 09:16 - 16 minutes - 15.1 MBWelcome to Finance and Fury. Can public infrastructure spending help to boost a depressed economy? In this episode we look at the theory of infrastructure spending on public goods, such as roads and bridges, versus the practical reality of this type of fiscal policy. At the moment – there are lots of Proposals for Infrastructure to boost economy – USA, Aus, EU – beyond other stimulus measures – this is one that billions of dollars can be pledged to First- what infrastructure government...
Should I fix my home loan interest rate?
June 03, 2020 08:43 - 13 minutes - 12 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Charl, regarding his home loan. “My bank is currently offering a 2.29% interest rate on a 3-year fixed loan. I am currently on a 2.99% Variable rate with them and am considering taking them up on this offer. I have funds in an offset account and don’t want to lose out of the flexibility of a variable loan. Do you think I should fix the majority of my loan and keep it variable on a small component, o...
How useful is investment theory when it comes to practically investing and calculating an expected return?
June 01, 2020 05:10 - 19 minutes - 17.7 MBWelcome to Finance and Fury. How useful is investment theory when it comes to practically investing and calculating an expected return? Lot of theory when it comes to investing – efficient frontiers, EMH – working out expected returns In this episode – we will look at One aspect – CAPM – and look at Beta – see how well this can be used when selecting investing - What Is the Capital Asset Pricing Model? The Capital Asset Pricing Model (CAPM) describes the relationship between the risk ...
How accurate are economic statistics and do they really matter in our daily lives?
May 29, 2020 04:44 - 21 minutes - 19.3 MBWelcome to Finance and Fury, the Furious Friday edition. Today we’re look at if economic data really means anything. I was thinking – and do any of these numbers really matters to you? Or even to me? Think about this – talk about a lot of the metrics – GDP, Inflation, employment statistics As an economy – would you prefer to have high GDP – or having your disposable income increase? Employment statistics – or having the ability to find a good well-paying job Inflation measurement –...
Will the Australian economy experience a V-Shaped recovery?
May 27, 2020 08:33 - 18 minutes - 16.9 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question from Jacob. “Hi Louis – I have a question about the forecasts of our recovery. I read that the RBA is expecting the economy to have a v shaped recovery and it seems that the share market is also going back up. My question is do you think the recovery will be v shaped? Would be great to get your thoughts on this.” Thanks Jacob – that is a great question – today run through what these recovery patterns are, l...
What is happening to dividends from ASX listed shares and what this means for investors in the short to long term?
May 25, 2020 07:53 - 19 minutes - 18 MBWelcome to Finance and Fury. One major issue for shares in Australia and around the world – with the lock downs and companies bottom lines being affected - Dividend cuts on the rise In this episode we will look at the ASX and the dividend cuts. We will also cover which sectors are being affected and the overall drops compared to previous crashes, along with if there is an opportunity out these in this. What has happened? If you have been living under a rock - The response from governmen...
Rome wasn’t ruined in a day! What happens when the population becomes reliant on the government that has complete control over the currency?
May 22, 2020 09:14 - 25 minutes - 23.3 MBWelcome to Finance and Fury, The Furious Friday edition. I love history – valuable lessons. When looking at us To those in the past - Culturally we are different, but biologically we are not. If any one of us was put back in time to grow up in past civilisations, we would be no different to the local people in that time period – the environment we grow up in has a lot to do with our values and outlooks One thing is fairly consistent with human nature – path of least resistance – as an ...
Who controls the World Bank and why do they seem to do more harm than good?
May 20, 2020 03:08 - 18 minutes - 17.4 MBWelcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Francesca. “I have really liked your podcast on the pandemic bonds, I had read about these bonds maybe a month ago in The Economist. My question after listening to the podcast on pandemic bonds was, who controls the world bank? Well I know...the member countries, but how could they screw it up so well? Thanks for keeping us update on it. And keep up with your great work Thanks!” In this episo...