Thank you for coming. That is the pink newspaper thats really good. I present bc radio. Ive done a show for the World Service ive made fifty inventions that shaped the modern economy. And how numbers lead us astray and sometimes help us to understand the world. I also have a podcast with a gentleman called michael lewis. Called Cautionary Tales its all about things going wrong sometimes and tragic ways and sometimes in amusing ways. In between all of that i try to write a few bucks. The second thing i want to say is thank you to the Rancho Mirage festival to jamie and the rest of the festival. A round of applause for jamie please. Jamie emailed me probably 18 months ago and suggested i fly across the world from Oxford England to come to Rancho Mirage. Its a huge journey for me. Thank you very much to all of you. I feel fortunate to be here. [applause]. I said i wasnt a fan of long preambles. Clearly im a total hypocrite. Let me talk about this book of mine. I dont if you can see the sl
Start talking about technology. The first thing is im well aware that many of you have no idea who i am and so thank you for showing up out of the spirit appear to gossip. I think it speaks very well of you that i know theres some really, really big names at the festival and i feel very honored to be among them so thanks for coming. So who am i . A few things. I write a column called the undercover economist for the financial times. Thats the pink newspaper thats really good. I recommend it. Thank you, sir. The second thing is i present bbc radio. I present a show for the Bbc World Service called 50 things that made the modern economy. All about numbers and i would think about numbers and how numbers sometimes lead us astray and sometimes help us understand the world. I also have a podcast with a gentleman called Michael Lewis and them gentleman called Malcolm Gladwell called Cautionary Tales which is all about things going wrong come sometimes in tragic ways and sometimes in amusing w
Aware many of you have no idea who i am so thank you for showing up out of the spirit of pure curiosity. I think it speaks very well of you and i know theres really big names at the festival and i feel honored to be among them so thanks for coming. Who am i to mark a few things around i write a column called the undercover economist for the Financial Times. At the pink newspaper thats really good. I recommend it. Thanks baxter. And the second thing is i present bbc radio so im present a show for the Bbc World Service called 50things that made the modern economy. Ive presented a show for bbc radio for aboutnumbers and how we think about numbers and how numbers lead us astray. And sometimes help us understand the world. And i also have a podcast with a gentleman called michael lewis, a gentleman called Malcolm Gladwell called Cautionary Tales which is all aboutthings going wrong , sometimes in amusing ways and what we can learn from them. So in between all that, i tried to write a few bo
Things like volatile food and energy prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further. The us central bank, you may recall, raised its benchmark Interest Rate to more than 5. 25 percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. So while its too early to say Mission Accomplished from the white house to wall street, there is a sense that progress is being made in the Worlds Largest economy. Chinas E Commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up more than 4 . Earlier this week, the latest data showed Consumer Prices falli
Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C