YBS: News Roundup Dec 13 - SBF Arrest; EU Corruption; Inflation; Chip War update
Channel: Yaron Brook
Date: 13/12/2022

00:00 Intro
02:36 Inflation
08:39 Deflation + GDP going to zero = recession. Fed wont cut till inflation is way lower than 7% Careful chasing equities here. Corporate profits are going to be way down for 3-6 months and seems to be ignored by markets. Very dangerous.
13:21 SBF Arrest
16:40 Binance
17:53 Bitcoin corelated to NASDAQ
18:58 EU Corruption

Live Questions:
31:48 Interest rates need to be set very high so that debtors are punished and savers are rewarded. Debtors place their wishes before reality. Savers do the opposite. A debt-based economy will always fail.
34:36 Debt is good. Artificially low rates are bad and push people out the risk curve for yield.
34:47 Per you previous show: You don't like Blazing Saddles bc you love westerns. But you like Love and Death even though it makes fun of Tolstoy. Why is it okay to satire War & Peace but not Westerns? Don't respect Tolstoy?
36:32 I'm in Zagreb since a few days. Hoping for a good semifinal game today. Next year Croatia will join the schengen area and adopt the euro.
37:27 Is Musk an Ayn Rand hero? R there better examples?
39:49 This could probably be a whole show segment but what do you think should be the general approach of the federal government and private lenders to giving aid to Puerto Rico given its track record on debt?
42:32 It's been 23 years since in infamous Battle in Seattle. Now that all those trouble making teens are older, do you think they still hate Capitalism?
44:13 BTC Higher beta but directionally correlated and down 70% ytd. i hope your warnings help other Objectivists keep their $ so they can donate to YBS
44:38 I still kinda like Elon but he has cringe views on Russia vs Ukraine on how to achieve "peace" that really lowered my opinion of them especially given that makes Russia's evil actions look legitimate.

45:31 Outro

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