Steep inflation, meet slow wage growth
Summary
This episode analyzes recent inflation data showing prices rising faster than wages, creating a disconnect between Wall Street optimism and consumer strain. It explores the impact of tight global refining capacity on fuel costs and draws historical parallels to the 1938 Munich Agreement to explain market resilience amid geopolitical tensions. The show also covers new fractional home ownership models and the enduring popularity of physical books.
Topics discussed
Intro and Odoo sponsorship
Inflation data and real wage stagnation
USDA WASDE report on crop yields
Refining capacity squeeze and fuel prices
Markets, Iran conflict, and historical parallels
Market numbers and sponsor ads
Fractional home ownership startups
Publishing industry revenue and formats
Treasury auction yields and survey promo
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