Listened to your excellent podcast out for my Sunday walk again today. As ever it was top class really good content and a great way to keep up to date with the ever changing political, business, economic landscape and various themes to try make sense of it all. It is a super way to keep up to date thanks to your both and keep it going. I have leaned how much I didn't know...
All my friends , family and business clients and contacts are well used to me quoting your podcast I am like a broken record and no 1 fan of The other hand.. no worries there. As an accountant I enjoy the technical content. Plenty of content to work with on the global ever changing landscape.
Jim and Chris definitely follow the Keynesian economic model in their rational. I listen but currently a few months behind in catching up. They were all over Harris to win US election but that didn’t turn out as expected for them. Like I was saying for months inflation battle was not won in USA and the US economy is not strong as the lads were saying all the time that’s why trump won.
I don't know what it is like back in Ireland, but I'm sure that Chris can attest in London to being absolutely bombarded on the tube, online, newspapers, etc. with adds and inducements to Joe Soap's like myself to "Invest". I have a Lloyds bank account, and even on the app there it heavily promotes investing.
Am I right in thinking that this is a completely new phenomenon? Perhaps traceable to the whole Game Stop affair.
The phrase monkey's with machine guns seems appropriate to me, though I'm sure others would see it as the "democratization of investment".
I've no problem with the opening up of investment opportunities for people of course (and I know even less about it!) but it's the nature of the intensity and style of the advertisements that makes it seem like the passing fad of the moment rather than any structural change to the whole business.
Does it strike you in the same way Chris or am I just a man out of time?
It is related to the GameStop thing but is mostly about technology. Fintech companies have learned how to make money via an offering of ‘cheap’, one-click, trading to the masses. The bookie comes to your phone but you never have to speak to him. Short term trading in bonds and shares is not that different to the online casinos, also a relatively new phenomenon. Opening up cheap investing to everybody is, in principle, a good idea - but only for those who understand the risks, understand what they are up against (usually much better informed and smarter investors) and that all any ordinary punter should be doing is saving for a rainy day and their old age.
Jim and Chris definitely follow the Keynesian economic model in their rational. I listen but currently a few months behind in catching up. They were all over Harris to win US election but that didn’t turn out as expected for them. Like I was saying for months inflation battle was not won in USA and the US economy is not strong as the lads were saying all the time that’s why trump won.
Listened to your excellent podcast out for my Sunday walk again today. As ever it was top class really good content and a great way to keep up to date with the ever changing political, business, economic landscape and various themes to try make sense of it all. It is a super way to keep up to date thanks to your both and keep it going. I have leaned how much I didn't know...
Thanks so much Cormac. Really appreciate the kind words. Whenever anyone is nice about our work we always ask them to tell their friends :)
All my friends , family and business clients and contacts are well used to me quoting your podcast I am like a broken record and no 1 fan of The other hand.. no worries there. As an accountant I enjoy the technical content. Plenty of content to work with on the global ever changing landscape.
Thanks again, really very much appreciated - I won't ask again!
Chris
Jim and Chris definitely follow the Keynesian economic model in their rational. I listen but currently a few months behind in catching up. They were all over Harris to win US election but that didn’t turn out as expected for them. Like I was saying for months inflation battle was not won in USA and the US economy is not strong as the lads were saying all the time that’s why trump won.
I don't know what it is like back in Ireland, but I'm sure that Chris can attest in London to being absolutely bombarded on the tube, online, newspapers, etc. with adds and inducements to Joe Soap's like myself to "Invest". I have a Lloyds bank account, and even on the app there it heavily promotes investing.
Am I right in thinking that this is a completely new phenomenon? Perhaps traceable to the whole Game Stop affair.
The phrase monkey's with machine guns seems appropriate to me, though I'm sure others would see it as the "democratization of investment".
I've no problem with the opening up of investment opportunities for people of course (and I know even less about it!) but it's the nature of the intensity and style of the advertisements that makes it seem like the passing fad of the moment rather than any structural change to the whole business.
Does it strike you in the same way Chris or am I just a man out of time?
Love the pod.
Ger
It is related to the GameStop thing but is mostly about technology. Fintech companies have learned how to make money via an offering of ‘cheap’, one-click, trading to the masses. The bookie comes to your phone but you never have to speak to him. Short term trading in bonds and shares is not that different to the online casinos, also a relatively new phenomenon. Opening up cheap investing to everybody is, in principle, a good idea - but only for those who understand the risks, understand what they are up against (usually much better informed and smarter investors) and that all any ordinary punter should be doing is saving for a rainy day and their old age.
Jim and Chris definitely follow the Keynesian economic model in their rational. I listen but currently a few months behind in catching up. They were all over Harris to win US election but that didn’t turn out as expected for them. Like I was saying for months inflation battle was not won in USA and the US economy is not strong as the lads were saying all the time that’s why trump won.