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Swalwell suspends campaign amid sexual assault allegations
“Congressman Eric Swalwell says he is suspending his campaign for California governor as he faces allegations of sexual assault, which he says are false. He had already decided not to run for reelection to the house. President Trump says The US will blockade the Strait Of Hormuz.”
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US begins naval blockade in Strait of Hormuz
“Iran is believed to have placed mines in the strait, and a US official who's not authorized to speak publicly told NPR's Tom Bowman that minesweepers will also be used as part of the blockade. There are a lot of unknowns. You know, will any ships try to break a US blockade? And and if so, how will the US military respond? And what will Iran do?”
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Israel and Lebanon scheduled for direct peace talks
“Israeli and Lebanese diplomats are now preparing to hold their first direct meeting between government officials in decades on Tuesday. Israel and Lebanon's ambassadors to The US are set to meet in Washington to discuss a ceasefire. But at a Hezbollah rally in downtown Beirut, Saturday, supporters filled the streets for blocks, waving flags and chanting against negotiations.”
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Viktor Orban ousted in historic Hungarian election defeat
“Magdia's victory was hard won in an electoral system that over the past sixteen years, Orban had stacked in his favor from gerrymandering to controlling the media. As Brussels now looks forward to working with a more pro European Hungarian leader, Moscow and the current White House administration have lost in Orban, a key ally in Europe.”
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Gas prices projected to exceed five dollars per gallon
“It's not impossible that while we, have seen a slight dip over the last week that we certainly could see gas prices reaccelerating, and it's not impossible that new records, with prices eventually rising above $5 a gallon remain possible.”
PREPARE FOR INFLATION
All podcast episode summaries matching PREPARE FOR INFLATION — aggregated across every podcast we track.
“I think prices are permanently higher. I mean, when I say permanent, nothing's permanent, but at least in the foreseeable future, this year, next year, the year after. You know, we're not there's no going back to the $60, $65 bucks a barrel we were paying before all this mess. You're still left with a fee that's not inconsequential, and then, of course, insurance companies are gonna demand a higher insurance premium for insuring the traffic that moves through this strait because, you know, who knows what will happen in the future.”
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Oil prices have established a permanently higher floor
“I think prices are permanently higher. I mean, when I say permanent, nothing's permanent, but at least in the foreseeable future, this year, next year, the year after. You know, we're not there's no going back to the $60, $65 bucks a barrel we were paying before all this mess. You're still left with a fee that's not inconsequential, and then, of course, insurance companies are gonna demand a higher insurance premium for insuring the traffic that moves through this strait because, you know, who knows what will happen in the future.”
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Markets now factor in presidential geopolitical posturing
“Feels pretty close to script, more or less. You know, the president has gone down this path in other ways. And when push comes to shove, when markets start to react, when stock prices are down, when interest rates are up, and in this case, when oil prices are up, he figures out a way to pivot, to stand down, and to declare victory and hopefully move on.”
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New Iranian ship fees will drive inflation higher
“Iran is charging $2,000,000 for every ship that passes through the Strait Of Hormuz. And they have said in the agreement that they have full sovereignty over the Strait, and now they're gonna charge people for moving goods through it. So I guess the question is, one, do you think that that holds? And two, how significant is it from an inflation perspective? Because it seems like that is, yes, ships can pass through, but now there's a toll.”
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Deglobalization acts as a corrosive force on growth
“I view this as a part of a broader, a very corrosive trend, and that that's the deglobalization of the economy that The US is pulling away from the rest of the world very quickly. I mean, you know, tariffs, immigration policy, what we're doing geopolitically. And then, of course, now the rest of the world is pulling away from us very quickly. If we are deglobalizing and this is just one more thing that will cause that process to continue and potentially even accelerate, it has all kinds of corrosive effects.”
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US global economic leadership faces structural pressure
“The US is a big economy—it's the largest on the planet—so, you know, it's still gonna play a very central role, but increasingly less of one as we move forward. We have benefited enormously from the globalization process and the fact that The US is central and the US dollar is central to everything that goes on in the world. And that is now gonna be under pressure; it was under pressure before all this, and it will be under even more pressure going forward.”
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