The David McWilliams Podcast

Is a buyer’s panic being followed by a seller’s panic in the housing market? Plus, what is happening in the tech sector? This week, the market valuation of tech stock went down by almost a Trillion dollars - let’s figure out what’s happening. Hosted on Acast. See acast.com/privacy for more information.

This bonus episode is brought to you by Square.Retail has been changing drastically over the last few years, on this pod we take a look at the history of trade, the current disruptions from Covid and Ecommerce and where it might go next! Hosted on Acast. See acast.com/privacy for more information.

There’s a wind of change in the air, globally house prices are falling by double digits? What’s happening? Why now? We’re joined by The Economist’s global property correspondent: Vinjeru Mkandawire to answer all that and more! Hosted on Acast. See acast.com/privacy for more information.

Economic stability is no laughing matter - and quite a bit more fragile than people believe. The UK may have a new PM but does it have a new vision? What’s its business model? And critically how does it address the economic, political, social and regional inequalities? Hosted on Acast. See acast.com/privacy for more information.

Pippa joins us today to talk about about the state of global geopolitics and makes a case for the world being in a third global war - just not on land but rather at sea and in space. It’s fascinating stuff and might change the way you see the world! Hosted on Acast. See acast.com/privacy for more information.

The UK is in a mess, how did it get there and how does it get out, or can it? It's much more than Truss. It's a decade of shite decisions. Lots going on in this episode, chatting to the brilliant Mark Blyth but the upshot is what is happening in London can happen anywhere and if the UK, for years the global centre of finance, can't stabilise its markets, what hope for the rest? With US interest rates heading towards 6%, buckle up for a rocky ride. Hosted on Acast. See acast.com/privacy for more information.

When your mate loses his job it's a downturn, when you lose your's, its a recession. And you know what, the world's central bankers will not juts be cheering you losing your job, they'll be causing it. Economic policy all over the world is now aimed and bringing about a recession to bring down inflation. What this means in plain English is job losses, leading to widespread unemployment. Tighten your belt. Hosted on Acast. See acast.com/privacy for more information.

OPEC+ has announced that it will reduce its production quota by 2 Million barrels per day - something the west has seen as OPEC+ siding with the Kremlin. What does that mean for. your life? For our economy and cost of living? Join us as we talk all about it Hosted on Acast. See acast.com/privacy for more information.

When the Tories lose the trust of the financial markets you know that something has gone incredibly wrong. History tells us that people need to trust the governments for them to succeed - let’s look at what Germany did post WW2, what Ireland is doing and what’s going on over in the UK Hosted on Acast. See acast.com/privacy for more information.

In partnership with Irish Life , we bring you: The crucial link between the planet and your pension - because making the right investments can end up being more environmentally friendly than taking the bus! Hosted on Acast. See acast.com/privacy for more information.

The global financial markets, particularly the bond markets are in bad shape, and the UK was the first to show how bad it can get, but this is not a UK problem - its a global problem. Hosted on Acast. See acast.com/privacy for more information.

With the "mobilization" Putin reveals that he is running out of road. He is doing what he always does, escalating. To make sense of this escalation, and living with this regime, we talk to a Russian insider to guide us through these new developments. If you are interested in Russia, don't miss this. Hosted on Acast. See acast.com/privacy for more information.

The UK, already the most unequal country in Western Europe, just got more unequal. We start by breaking through the internet noise with tangible facts about inequality and standard of living, comparing Ireland, UK. US and Norway. Then we examine the madness of the UK's budget, Sterling collapsing, gilts tanking and a country unhinged over there, before settling down to the predictable stability and calm of the Irish budget! Hosted on Acast. See acast.com/privacy for more information.

Populism is often vilified - but it’s origin is far more noble than you might think - and we might all need a bit more populism moving forward! Hosted on Acast. See acast.com/privacy for more information.

Housing is a global asset class now and now that rates are rising, lots of leveraged property funds are likely to go bust. How is this going to play out and what does it all mean? Hosted on Acast. See acast.com/privacy for more information.

The economy is full of unintended consequences - and those ripple through time for decades. How the world stopped inflation in 1970 brought on our current world view - but this time we’re fighting inflation radically differently… Hosted on Acast. See acast.com/privacy for more information.

A few months back we talked about 1922 being the year the 20th actually began, in terms of modernism, ideology, politics and economics. We mused whether the same would be said of 2022, that this momentous year -with everything that is happening - would be the year the 21st century actually begins. There is nothing more 20th century than the British Empire and their monarchy. Is this the end of that road and what does that mean for the UK? Can the UK outlast the Queen? Hosted on Acast. See acast.com/privacy for more information.

The rotating cast of Torie leaders continues, this time it’s Lizz Truss’s time in the spotlight. What exactly is going on in the UK, and where is the nation headed? Hosted on Acast. See acast.com/privacy for more information.

More than a few years back, I got the chance to sit down and chat to the most consequential politician of my life, Mikhail Gorbachev, the last President of the USSR - the very antithesis to Vladimir Putin in every way, politically, intellectually and emotionally. We look back at his life and a leader who drastically changed the course of the world. Hosted on Acast. See acast.com/privacy for more information.

Many in China have stopped paying their mortgages - what happened to this once golden goose of investment? And perhaps more importantly: how does this end? Hosted on Acast. See acast.com/privacy for more information.

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

The war on drugs has failed and the public perception of marijuana is changing rapidly, here's some numbers that underscore why legalization is long overdue! Hosted on Acast. See acast.com/privacy for more information.

New countries start with no money. The departing colonists take everything with them, including capital. Like all former colonies, the New Ireland had no money. Micheal Collins, revolutionary leader and Minister of Finance, as well as head of the army, laid out a plan. From crowd-funding the 1916-1921 revolution, to setting up a national bank and a new national insurance company, designed to stop capital flowing to London, from marketing Ireland abroad, to rejecting state socialism and focusing on investment both national and foreign, Collins' economic vision for Ireland was the direct opposite to either the conservatism of the first 1920s governments or twisted radicalism of De Valera. What might have been - had he not been assassinated at 31, 100 years ago this week. Here’s his incredible story and how money & economics played a pivotal role in it. Hosted on Acast. See acast.com/privacy for more information.

Today an Irish artist needs to get around 4000 streams an hour or about 300,000 per month to earn the minimum wage which we know is far below what is needed to pay the rent. How can someone survive trying to be a musician? Today we explore the "new" economics of music, what is the financial reality for young and not so young musicians, the history of the music industry and why the economic of our old friend Joseph Schumpeter is behind it all. Hosted on Acast. See acast.com/privacy for more information.

All over the world rent prices are skyrocketing and bringing unbearable pressure on the young and the most vulnerable. let’s talk about how this comes about and what can be done to fix it. Hosted on Acast. See acast.com/privacy for more information.

In partnership with Liberty Insurance, we bring you: Nudges, choices and personalization - today's episode is all about the countless small decisions we make everyday and how those choices are being influenced in new & various ways. Hosted on Acast. See acast.com/privacy for more information.

Droughts in Europe, resource-wars and global warming got us thinking about Thomas Malthus and his observations about population. Can we square the world's finite resources with the demands of 7 billion wannabe consumers? We talk positive checks, why hunter gathers were taller and ate better than the first farmers, plus the big Malthusian warning from the past, the Irish Famine. In the past two hundred years ,the world prized itself free of the Malthusian Trap via technology; could we be about to fall back into the grip of Malthus? Hosted on Acast. See acast.com/privacy for more information.

Taiwan was all over the news this week. We explore why this small island will be the most sensitive geo-strategic location for the coming showdown between the USA and China. The global economy can survive a conflict with Russia, with China all bets are off. Hosted on Acast. See acast.com/privacy for more information.

The War in Ukraine is entering its 6th month, many predicted it wouldn't last 6 days.  As time drags on and Russia's energy strategy begins to pay off, can the West remain united? What does phase 2 of the war look like - and who is the most likely winner? Hosted on Acast. See acast.com/privacy for more information.

Ireland is a manufacturing powerhouse, producing half as much as the UK per year, despite having a population that is 13 times smaller. With 1% of EU's population, Ireland produces 5% of total EU industrial output. 30 years ago, Ireland had practically no manufacturing base to speak of. How was this transformation achieved? Can it be sustained? Can a strong manufacturing base explain a countries political and social outlook and what else can developed from manufacturing prowess? If Ireland can build a manufacturing base from scratch, can other countries follow suit? Hosted on Acast. See acast.com/privacy for more information.

Draghi is out and the Italian government is heading for yet another election - what is happening with this country that seems to be in constant political turmoil? Hosted on Acast. See acast.com/privacy for more information.

Starting with a Chinese example before moving to Ireland, we breakdown how exactly recessions happen, how one person’s behaviour spreads through society and what the current signals are saying about the winter to come Hosted on Acast. See acast.com/privacy for more information.

Bit of a macroeconomic-fest this one. We examine currency crises and why currency collapses could become contagious. We are heading into strange economic times, expect far more currency crises than the mainstream expects. Watch this space in the Autumn. Expect debt forgiveness ahead. Plus this week we have a new slot: my answers to your questions on Patreon. Hosted on Acast. See acast.com/privacy for more information.

China is hurtling towards recession. This is a dramatic shift in the global economy which will have huge unforeseen consequence for the economy. Plus, last week Sony Kapoor outlined why the economically, financially and politically next ten years won’t be any like the last two or three decades. Hosted on Acast. See acast.com/privacy for more information.

For financial markets, the last three decades of easy money is officially over. Sony Kapoor joins us to tease out the world economy at this inflection point. Fascinating, wide ranging, optimistic and urgent. You'll love this one! Hosted on Acast. See acast.com/privacy for more information.

It’s finally happening! The "chaos monkey" is gone, but the chaos remains. We look at the trilemma facing the next British leader or as I prefer to call it the "inconsistent triplet" at the heart of UK policy making. What comes next for the UK? Hosted on Acast. See acast.com/privacy for more information.

Today’s pod is going to be slightly eccentric, we’re going to look at the world’s big events of the last year through the eyes of one of the world’s best satirist: Gary Shteyngard. In this wide ranging interview we’ll cover everything from Russia to Covid - and everything in between! Hosted on Acast. See acast.com/privacy for more information.

As Patti Smith sang, People have the Power. The economic pendulum is swinging from capital to labor, from profits to wages, and these shifts never happen smoothly, markets - previously priced profits -freak out, central banks no longer support companies' P/L and we are in for a tumultuous few months, as the world digest what is happening. Economies, demographics, realpolitik & technology always change the face of our society, so are we now at the moment where the worker reclaims his and her pricing power? Hosted on Acast. See acast.com/privacy for more information.

Metaverse, web 3.0 and NFTs have been appearing everywhere online in the last year - but what exactly are they? And perhaps more importantly, what do their arrival mean for our daily lives? Today we try to simplify it all with the help of Tim O’Reilly Hosted on Acast. See acast.com/privacy for more information.

Today’s episode looks at the long & the short of Ireland’s transformation. Through a series of choices we have carved a unique place within Europe - where do we go next? Hosted on Acast. See acast.com/privacy for more information.

Have things really changed? Is Ireland really that different than it was? What are the personalities that have marked our history? Through a wide ranging conversation with Fintan O’Toole we explore these topics to bring the spirit of Ireland to life in an unexpected way. Hosted on Acast. See acast.com/privacy for more information.

Today we’re bringing you a unique conversation that I had with John Collison over the weekend where I got to ask him a wide variety of questions covering innovation, crypto, macro-trends for the internet and even flying cars! Hosted on Acast. See acast.com/privacy for more information.

With markets gyrating all over the shop, it's easy to forget the big picture. The price of energy is the foundational price in any economy. Right now it's too high, but it will come down. And, getting it down, plus achieving net zero on carbon emissions are two of the most critical objectives for the entire globe. So how do we get enough clean energy to power the world, and bring down pollution?  Nuclear has to be on the cards and in the mix. Let's explore. Hosted on Acast. See acast.com/privacy for more information.

Inflation is back. Don't panic....unless you bought Bitcoin in the past year. Inflation will abate as the policy and the economy adjust, but it may take a bit of time. Plus Bloomonomics - the economics of Ulysses and it's hero Leopold Bloom - what it tells us about creating and fostering civic, mixed living cities - which are the font of most innovation, and economic growth. Hosted on Acast. See acast.com/privacy for more information.

As the UK celebrates the Queen Elizabeth's Jubilee, we forget that monarchies have historically sat on top of an economic system with slaves, colonies and extractive settlements, the objective of which was to steal wholesale from the colonised countries and peoples. The legacy of the colonialism runs deep in many parts of the world. This week we focus on the Caribbean, its traumatic legacy and how the money taken from there fuelled the capital markets of the 18th century and the industrial revolution. Even today, these countries are still seen as colonies in all but name. We explore the difference between "settler" states and "extractive" states and how these ideas still determine how countries progress. Hosted on Acast. See acast.com/privacy for more information.

The economy is changing rapidly, we are seeing challenges everywhere, almost all have to do with an excess of demand and deficient supply. This is, in the context of the past hundred years economic history, a brilliant to place to be! is But we might be looking at big developments, not just for policy, but for the coming conflict between public sectors and the governments - everywhere. Hosted on Acast. See acast.com/privacy for more information.

Last week president Zelensky addressed Davos asking the WEF to help Ukraine rebuild, we talk being at Davos, and why in many ways Davos Man has been involved with Russia long before the Ukraine war came along. We also hear from Bill Browder about the nature of dealing with Putin and question as to whether the West will hold strong against Putin's long game. Hosted on Acast. See acast.com/privacy for more information.

We focus on our closet neighbour the UK today as it turns its back on the metric system. Yes, true, you believe it? We explore why the Tories have to keep Brexit going. It's their only electoral meal ticket. Expect more "false flag" operations, more weaponizing of Northern Ireland and more jingoistic nonsense about imperial weights, miles, furlongs and the like. You never know, if we wait long enough decimalization might be gone and they'll be back to the half-crown, farthing and shilling! Hosted on Acast. See acast.com/privacy for more information.

Economics is energy and energy is economics. Imagine a country blessed with renewable energy, able to power itself and export electricity, faced with the opportunity to completely transform its economy and society and contribute positively to eliminating carbon emissions? That country is Ireland; and outcrop in the north Atlantic buffeted by maritime winds. When Mammy said there's great drying in that wind, she was talking about the transformative opportunity that living in a constant gale affords. Are we going to seize the wind energy chance or are we going to blow it? Listen and find out. Hosted on Acast. See acast.com/privacy for more information.

Markets are suffering from global contagion. Stock markets are down 22% this year. Bonds are tanking too. There are at least four if not five proximate reasons as the global economy heads towards coordinated recession. China (17% of the global economy) is at a stand still due to zero covid, the US is fighting inflation. Europe's real incomes have been squeezed by "Putinflation" and emerging markets are running out of dollars. We tease out the big picture and what it means for all of us. Hosted on Acast. See acast.com/privacy for more information.