Chapter
Political Chaos Hits UK Markets
25:44 - 32:32 (06:47)
UK markets were hit with volatility as rumors of a "deep state plot" against former President Trump circulated among conservative officials. Chancellor Kwasi Kwarteng was fired by Liz Truss for allegedly presenting the rumors poorly but the situation remains uncertain.
Clips
Liz Truss, the UK foreign secretary, and Kwasi Kwarteng the UK’s Chancellor disagree on trade policy leading to a fluctuation in the value of the UK pound due to negative speculations.
25:44 - 27:55 (02:10)
Summary
Liz Truss, the UK foreign secretary, and Kwasi Kwarteng the UK’s Chancellor disagree on trade policy leading to a fluctuation in the value of the UK pound due to negative speculations.
ChapterPolitical Chaos Hits UK Markets
EpisodeThe Fumes of an Empire: UK Chaos and the U.S. Midterms
PodcastThe Problem With Jon Stewart
Kwasi Kwarteng, UK's finance minister, was fired after indicating that further action was needed regarding Brexit.
27:55 - 31:05 (03:09)
Summary
Kwasi Kwarteng, UK's finance minister, was fired after indicating that further action was needed regarding Brexit. Andrea Leadsom, the business minister, was also fired on the same day for an unsatisfactory presentation.
ChapterPolitical Chaos Hits UK Markets
EpisodeThe Fumes of an Empire: UK Chaos and the U.S. Midterms
PodcastThe Problem With Jon Stewart
The hosts discuss a wealthy individual who claimed non-domicile status to avoid paying taxes in England even though she was married to the chancellor of the exchequer.
31:05 - 32:04 (00:58)
Summary
The hosts discuss a wealthy individual who claimed non-domicile status to avoid paying taxes in England even though she was married to the chancellor of the exchequer. They also touch on political appointments and Goldman Sachs' influence in politics.
ChapterPolitical Chaos Hits UK Markets
EpisodeThe Fumes of an Empire: UK Chaos and the U.S. Midterms
PodcastThe Problem With Jon Stewart
Gabriel Roth and Carvell Wallace discuss the pitfalls and snares of the mortgage industry.
32:04 - 32:32 (00:28)
Summary
Gabriel Roth and Carvell Wallace discuss the pitfalls and snares of the mortgage industry. Home loans work on a five-year cycle at high rates.