This week, business leaders of Europe's non-ferrous metals industry (i.e. - aluminum, zinc, copper, nickel, etc.) wrote a letter to the leadership of the European Commission and the European Parliament pleading for intervention to prevent permanent deindustrialization, citing unprecedented energy costs as an existential threat to the survival of the industry.

Meanwhile, China's economy has slowed significantly, which is presenting massive challenges to its banking and financial sectors as over-leveraged real estate developers start to default on their debt obligations.

How will the economy of the United States perform as other major economies teeter on the edge? How will these events impact poorer countries? Are we looking at a new round of debt crises on the horizon? Matt and Saki discuss on this week's episode.

REFERENCED ON THIS EPISODE:

https://eurometaux.eu/media/qnhn5k30/non-ferrous-metals-ceo-letter-on-energy-crisis-06-09-2022.pdf

https://www.reuters.com/markets/europe/euro-zone-inflation-hits-yet-another-record-high-august-2022-08-31/

https://www.bloomberg.com/news/articles/2022-08-29/china-s-bad-debt-managers-see-profits-tank-on-property-losses?leadSource=uverify%20wall

https://asia.nikkei.com/Opinion/China-s-debt-bomb-looks-ready-to-explode

http://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-GRAPHIC/0100315H2LG/

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With the war in Ukraine, severe drought, and ongoing supply shortages, the environment in Europe is set for difficulties unseen in several generations. How will Western economies be impacted in the short and medium terms? What can you do to prepare? Matt and Saki discuss these topics on this week's episode.

RELATED ARTICLES:

https://www.msn.com/en-us/news/world/european-power-prices-shatter-records-as-energy-crisis-intensifies/ar-AA11eM9u

https://www.devex.com/news/devex-newswire-why-fertilizer-is-a-mucky-problem-for-the-food-crisis-103856

https://www.yahoo.com/news/europes-energy-crisis-going-worse-090058572.html

https://markets.businessinsider.com/news/commodities/europe-energy-crisis-russia-natural-gas-perfect-storm-bofa-electricity-2022-8

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On this episode, Matt and Saki give an in-depth review of President Biden's student loan proposals.

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Saki took a much deserved vacation, so we took a few weeks away. Be sure to join us this Sunday for a new Episode!

Matt and Saki revisit the Pareto Distribution, which is more commonly understood as the 80/20 rule. Whether you're a team lead, a manager, or an employer, you've probably wondered why most of your productivity comes from the top 20%. You want to get the most from all of your employees, but the reality is that not everyone can be the top producer -- and they explain why that's actually a good thing. Matt and Saki discuss methods and principles that you can use to tap the potential of every member of your team.

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The national economic news continues to be worrisome, as once again the Federal Reserve opts for a 0.75% increase to the federal funds rate. Inflation remains white-hot. By whatever metric you consider to be the appropriate way to measure a recession, the post-COVID economy continues to sputter in fits as supply-chain issues and government spending cause concern.

But does this mean things are gloomy where you are? While prices are getting higher for everyone, when you dive into the data, there are actually areas in the country that are doing much better than others. Matt and Saki discuss why it's important to factor in local trends and local performance as you consider important decisions for your financial future.

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The previous episodes have all been leading up to this. What are Bitcoin's greatest strengths as a potential store of value and medium of exchange? What are the weaknesses that might prevent Bitcoin from realizing its full potential? Matt and Saki get into these and other questions in their fourth and final episode of their review of The Bitcoin Standard by Saifedean Ammous.

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Do you really need to go into consumer debt with credit cards in order to qualify for a home loan? What does a credit score really measure? Matt and Saki discuss the "debtor mindset" and why you don't necessarily have to follow conventional wisdom on your financial journey.

In addition, they discuss the June inflation report and why a housing bust may be on the horizon.

REFERENCES:
https://spectator.org/biden-housing-bust/

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