🔔 Can debt generate growth? Let's get nuclear

Me and Tim jumped on for the pre-US open update again...

We're doing these via Stereo live at 12pm each day.

Make sure you follow us on Stereo to be updated when we go live so you can listen along and join in too, every day at 12pm GMT.

You can listen to today's 👉 here 👈

From next week, they'll be available on Spotify and Apple too 😉

What we chattin' about this time?

💥 The EU has to move the debt goalposts... again

💥 Is the North/South divide in Europe over?

💥 Is uranium heading to the moon?

💥 The U.K. growth rate... will it *really* bounce back?

💥Canadian corporate debt - is it a big a problem?

Some context...

Spendy, spendy, spendy... if you're poor

This chart sums it up...

The rich just aren't spending as much as poorer households...

They just don't need to.

How people still reckon the inflation story can still take hold with this being the facts is beyond me...

The rich will invest a higher proportion of their income, which doesn't exactly contribute to a higher consumer price index measure of inflation...

And the poorer households' effort have a smaller impact since it's less cash being spent full stop...

Combine that with the bad employment data and things ain't looking too rosy for the belief that inflation will be born through a quick economic recovery.

But talking of spending...

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What's that?

This article explains it.

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They're doing all the right things in the space by focusing on what the institutional conditions should be, and opening that up to retail.