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Norway raised their interest rates by 50 basis points and announced another raise in August.
\\nSwitzerland raise their benchmark rate by 25 basis points.
\\nThe UK raised it\\u2019s benchmark rate by 50 basis points up to 5%.
\\nChina lowered its rate because they see ahead what is going on in the real economy.
\\nIf you\\u2019re confused by all of this seemingly contradictory data, you\\u2019re probably not alone. It is confusing.
\\nThe root of the uncertainty and the apparent contradictions can be found by looking deeper at the data. There is one thing that is the master resource that cannot fool anybody about what is happening in the economy. The economy and energy are inextricably intertwined. If the real economy is growing, then so too is energy consumption. If the economy is shrinking, then energy demand will fall. \\n----------
\\nHost: Victor Menasce
\\nemail: podcast@victorjm.com\\n\\n\\n\\n\\n\\n
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