ORLY-EP0164 - Economic Pulse and Irma

ORLY-EP0164 - Economic Pulse and Irma

Welcome to ORLYRADIO #164 recorded Friday, September 8th, 2017 - where we dismantle the current events for your edutainment through mostly rational conversations that make you go ‘Oh Really’! I’m your host Andy Cowen

We make mistakes. Please, if you find one, pause the podcast, and send us a note. orlyradiopodcast@gmail.com or phone it in 470-222-6759

Thank you to our Patreon Supporters!

Donald Davis
Melissa G.
Henry
Daniel Duncan (Problem Addict Podcast)

Global Economic Pulse:

http://money.cnn.com/data/markets/

Follow The Markets,

Week 1: Dow closed at 21,987.56 UP

9/01/17 Nasdaq closed at 6,435.33 UP

S&P closed at 2,476.55 UP

Week 2:   Dow closed at 21797.79 DOWN

9/08/17 Nasdaq closed at 6360.19 DOWN

S&P closed at 2461.43 DOWN

Over a barrel = http://www.nasdaq.com/markets/crude-oil.aspx

WTI (NYMEX) Price

September:

Week 1: $47.29 USD DOWN $0.58

Week 2: $47.48 USD UP $0.19  

International Monetary Fund (IMF) XDR/SDR Basket Currencies

Five most-traded currencies in the foreign exchange market referenced against the US Dollar.

September

Week 1: $1 USD  =  €0.84 Eur = ¥6.57 CNY = ¥109.85 JPY = 0.77 GBP = 0.00022 Bitcoin

Week 2: $1 USD  =  €0.83 Eur = ¥6.48 CNY = ¥107.84 JPY = 0.76 GBP = 0.00023 Bitcoin

Week 3: $1 USD  =  €0.xx Eur = ¥6.xx CNY = ¥109.xx JPY = 0.xx GBP = 0.000xx Bitcoin

Week 4: $1 USD  =  €0.xx Eur = ¥6.xx CNY = ¥109.xx JPY = 0.xx GBP = 0.000xx Bitcoin

Week 5: $1 USD  =  €0.xx Eur = ¥6.xx CNY = ¥109.xx JPY = 0.xx GBP = 0.000xx Bitcoin

Watch that puppy grow! http://www.usdebtclock.org/

September 3:  $19,974,087,991,615 UP $2,295,393,585

September 8: $19,977,678,783,784 UP $3,590,792,169

http://www.spaghettimodels.com/

If you’ve enjoyed what we do here and would like to help us out, there are a few ways.

• You can donate to the show through www.Patreon.com/orlyradio and get early access to full show content.

• Make the Algorithm work for us by reviewing us on iTunes to boost our ranking.

• Use your Words and tell someone about us.

• And of course, engage us! Send us an message on the social medias or the electronic mails @ ORLYRADIOPODCAST@gmail.com or if you are the more talkative sort 470-222-ORLY (6759) is always ready to take your call or text.  

• And if you don’t like what we’ve done here this evening, you can contact the National Suicide Prevention Hotline at 1-800-273-8255, available 24 hours a day, 7 days a week. The Lifeline provides free and confidential support for people in distress, prevention and crisis resources for you or your loved ones, and best practices for professionals.

Thank you for choosing us to waste your valuable time on! This has been ORLYRADIO, Part of The Random Acts Company.

This work is licensed under a Creative Commons Attribution 3.0 United States License, including the music Rocket and Pamgaea created by Kevin MacLeod (www.incompetech.com)

ORLYEP0162A - Follow The Money, Economic Pulse Check, UBI, Taxes, and Military Pensions

ORLYEP0162A - Follow The Money, Economic Pulse Check, UBI, Taxes, and Military Pensions

Welcome to ORLYRADIO #162A recorded Friday, August 18th, 2017 - where we dismantle the current events for your edutainment through mostly rational conversations that make you go ‘Oh Really’! I’m your host Andy Cowen with my usual suspects, Daniel Atherton and Stephen Griffith.

We make mistakes. Please, if you find one, pause the podcast, and send us a note. orlyradiopodcast@gmail.com or phone it in 470-222-6759

Thank you to our Patreon Supporters!

Donald Davis
Melissa G.
Henry
Daniel Duncan (Problem Addict Podcast)

Global Economic Pulse:

http://money.cnn.com/data/markets/

Follow The Markets, August Friday Closing changes week to week.

Week 1-8/04/17: Dow closed at 22,092.81 UP 262.5
Nasdaq closed at 6,351.56 DOWN 23.12
S&P closed at 2,476.83 UP 4.73

Week 2-8/11/17:   Dow closed at 21,858.32 DOWN 234.49
Nasdaq closed at 6,256.56 DOWN 95
S&P closed at 2,441.32 DOWN 35.51

Week 3-8/18/17:   Dow closed at 21,674.51 DOWN 183.81
Nasdaq closed at 6,216.53 DOWN 40.03
S&P closed at 2,425.55 DOWN 15.77

Compared to last month

7/28/17:   Dow closed at  21,830.31
Nasdaq closed at  6,374.68
S&P closed at  2,472.10

International Monetary Fund (IMF) XDR/SDR Basket Currencies

Five most-traded currencies in the foreign exchange market referenced against the US Dollar.

July

Week 4: $1 USD  =  €0.85 Eur = ¥6.74 CNY = ¥110.63 JPY = 0.76 GBP = 0.00036 Bitcoin

August:

Week 1: $1 USD  =  €0.85 Eur = ¥6.73 CNY = ¥110.69 JPY = 0.77 GBP = 0.00035 Bitcoin

Week 2: $1 USD  =  €0.85 Eur = ¥6.67 CNY = ¥109.16 JPY = 0.77 GBP = 0.00024 Bitcoin

Week 3: $1 USD  =  €0.85 Eur = ¥6.67 CNY = ¥109.18 JPY = 0.78 GBP = 0.00024 Bitcoin

Over a barrel = http://www.nasdaq.com/markets/crude-oil.aspx

WTI (NYMEX) Price

July:

Week 4: $49.71 USD  UP $3.94 From last week, UP 5.48 from the top of the month.

August:

Week 1: $49.58 USD DOWN $0.13

Week 2: $48.78 USD DOWN $0.80  

Week 3: $48.51 USD DOWN $0.27

Watch that puppy grow! http://www.usdebtclock.org/

July 28: $19,967,603,583,206

August 4: $19,969,787,407,865 Up $2,183,824,659

August 13: $19,972,583,428,675 Up $2,796,020,810

August 18: $19,974,156,039,640 UP $1,572,610,965

US Unfunded Liabilities (GAAP) $107,176,295,247,453 (about 7pm tonight)

Definition

The amount, at any given time, by which future payment obligations exceed the present value of funds available to pay them. For example, a pension plan's payment obligations, including all income, death and termination benefits owed, are compared to the plan's present investment experience, and if the total plan obligations exceed the projected plan assets at any point in time, the plan has an unfunded liability.

Used in context: “Based on revenue projections from the Social Security Administration and the fact that the very populous Baby Boomer Generation has begun to reach retirement age, the economist argued that the U.S. Social Security system would soon become an unfunded liability unless comprehensive reforms were made.”

If you’ve enjoyed what we do here and would like to help us out, there are a few ways.

• You can donate to the show through www.Patreon.com/orlyradio and get early access to full show content.

• Make the Algorithm work for us by reviewing us on iTunes to boost our ranking.

• Use your Words and tell someone about us.

• And of course, engage us! Send us an message on the social medias or the electronic mails @ ORLYRADIOPODCAST@gmail.com or if you are the more talkative sort 470-222-ORLY (6759) is always ready to take your call or text.  

• And if you don’t like what we’ve done here this evening, you can contact the National Suicide Prevention Hotline at 1-800-273-8255, available 24 hours a day, 7 days a week. The Lifeline provides free and confidential support for people in distress, prevention and crisis resources for you or your loved ones, and best practices for professionals.

Thank you for choosing us to waste your valuable time on! This has been ORLYRADIO, Part of The Random Acts Company.

This work is licensed under a Creative Commons Attribution 3.0 United States License, including the music Rocket and Pamgaea created by Kevin MacLeod (www.incompetech.com)

ORLY-EP0161A - Follow The Money, Your Weekly Economic Pulse Check

ORLY-EP0161A - Follow The Money, Your Weekly Economic Pulse Check

Welcome to ORLYRADIO #161 recorded Friday, August 4th, 2017 - where we dismantle the current events for your edutainment through mostly rational conversations that make you go ‘Oh Really’! I’m your host Andy Cowen with my usual suspects, Daniel Atherton.

We make mistakes. Please, if you find one, pause the podcast, and send us a note. orlyradiopodcast@gmail.com or phone it in 470-222-6759

Thank you to our Patreon Supporters!

Donald Davis
Melissa G.
Henry
Daniel Duncan (Problem Addict Podcast, debuting live August 13th)

Global Economic Pulse:

http://money.cnn.com/data/markets/

Follow The Markets, August Friday Closing changes week to week.

Week 1: Dow closed at 22,092.81 UP 262.5
8/04/17 Nasdaq closed at 6,351.56 DOWN 23.12
S&P closed at 2,476.83 UP 4.73

Compared to last week

7/28/17:   Dow closed at  21,830.31
Nasdaq closed at  6,374.68
S&P closed at  2,472.10

International Monetary Fund (IMF) XDR/SDR Basket Currencies

Five most-traded currencies in the foreign exchange market referenced against the US Dollar.

July

Week 4: $1 USD  =  €0.85 Eur = ¥6.74 CNY = ¥110.63 JPY = 0.76 GBP = 0.00036 Bitcoin

August:

Week 1: $1 USD  =  €0.85 Eur = ¥6.73 CNY = ¥110.69 JPY = 0.77 GBP = 0.00035 Bitcoin

Over a barrel = http://www.nasdaq.com/markets/crude-oil.aspx

WTI (NYMEX) Price

July:

Week 4: $49.71 USD  UP $3.94 From last week, UP 5.48 from the top of the month.

August:

Week 1: $49.58 USD DOWN $0.13

Watch that puppy grow! http://www.usdebtclock.org/

July 28: $19,967,603,583,206

August 4: $19,969, 787,407,865 Up $2,183,824,659

If you’ve enjoyed what we do here and would like to help us out, there are a few ways.

• You can donate to the show through www.Patreon.com/orlyradio and get early access to full show content.

• Make the Algorithm work for us by reviewing us on iTunes to boost our ranking.

• Use your Words and tell someone about us.

• And of course, engage us! Send us an message on the social medias or the electronic mails @ ORLYRADIOPODCAST@gmail.com or if you are the more talkative sort 470-222-ORLY (6759) is always ready to take your call or text.  

• And if you don’t like what we’ve done here this evening, you can contact the National Suicide Prevention Hotline at 1-800-273-8255, available 24 hours a day, 7 days a week. The Lifeline provides free and confidential support for people in distress, prevention and crisis resources for you or your loved ones, and best practices for professionals.

Thank you for choosing us to waste your valuable time on! This has been ORLYRADIO, Part of The Random Acts Company.

This work is licensed under a Creative Commons Attribution 3.0 United States License, including the music Rocket and Pamgaea created by Kevin MacLeod (www.incompetech.com)

ORLY-EP0158 - What is the G20?

Welcome to ORLYRADIO #158 recorded Friday, July 7th, 2017 - where we dismantle the current events for your edutainment through mostly rational conversations that make you go ‘Oh Really’! I’m your host Andy Cowen with my usual suspects, David O’Connor.

We make mistakes. Please, if you find one, pause the podcast, and send us a note. orlyradiopodcast@gmail.com or phone it in 470-222-6759

Thank you to our Patreon Supporters!

Donald Davis
Melissa G.
Henry
Daniel Duncan

Global Pulse:

http://money.cnn.com/data/markets/

International Monetary Fund (IMF) XDR/SDR Basket Currencies

Five most-traded currencies in the foreign exchange market referenced against the US Dollar.

$1 USD  =  €0.88 Eur = ¥6.81 CNY = ¥113.89 JPY = 0.78 GBP

$1 USD  = 0.00040 Bitcoin

{As of the 2015 decision by the IMF: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese yuan) 10.92%, Japanese yen 8.33%, British pound 8.09%}

Over a barrel = http://www.nasdaq.com/markets/crude-oil.aspx

$44.23USD per barrel

Watch that puppy grow!

http://www.usdebtclock.org/

http://www.poodwaddle.com/worldclock/reg1/

Facts Matter: Foundation for further discussion.

What is the G20?

The Group of Twenty (G20) is an international forum that brings together the world's 20 leading industrialised and emerging economies. The group accounts for 85 per cent of world GDP and two-thirds of its population.

Much of the important business takes place on the sidelines and in informal meetings.

Initially attendance at G20 summits was limited to the finance ministers and central bank governors of members when it was established 17 years ago.

But since an inaugural meeting between G20 leaders in Washington DC following the collapse of Lehman Brothers in 2008, summits between G20 leaders themselves have become an annual event.

The first G20 summit occurred in Berlin, in December 1999, and was hosted by the German and Canadian finance ministers.

Since then there have been 20 G20 meetings between finance ministers and central bank governors, and 11 summits between heads of state or government of G20 economies.

After the last summit in China, Germany assumed the G20 presidency in December 2016. Although Berlin hosted ministerial-level G20 meetings in 1999 and 2004, the Hamburg event will be the first time Germany has hosted G20 heads of government.

The G20 is made up of:
Argentina
Australia
Brazil
Canada
France
Germany
India
Indonesia
Italy
Japan
Mexico
Russia
Saudi Arabia
South Korea
Turkey
United Kingdom
United States of America
China
South Africa
The final member is the European Union, represented by the European Commission, rotating Council presidency and the European Central Bank (ECB). Spain as a permanent non-member invitee also attends leader summits.

Other countries also attend summits at the invitation of the host country, while it  has become customary for the Chair of ASEAN (Association of Southeast Asian Nations) and representatives of the African Union and NEPAD (New Partnership for Africa’s Development) to be present at leader summits.

How often do they meet?

Meetings tend to occur on an annual basis; however leaders met twice a year in 2009 and 2010, when the global economy was in crisis.

Next year, Buenos Aires will host the gathering as Argentina becomes the first South American nation to host a G20.

How does the G20 differ from the G8?

The Group of Eight (G8), established as the G7 in 1976 but renamed after the admission of Russia in 1998, is an international forum for the eight major industrial economies. It comprises: Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States.

However, since 2014 Russian membership has been suspended following the country’s annexation of Crimea.

The G8 seeks cooperation on economic issues facing the major industrial economies, while the G20 reflects the wider interests of both developed and emerging economies.

If you’ve enjoyed what we do here and would like to help us out, there are a few ways.

• You can donate to the show through www.Patreon.com/orlyradio and get early access to full show content.

• Make the Algorithm work for us by reviewing us on iTunes to boost our ranking.

• Use your Words and tell someone about us.

• And of course, engage us! Send us an message on the social medias or the electronic mails @ ORLYRADIOPODCAST@gmail.com or if you are the more talkative sort 470-222-ORLY (6759) is always ready to take your call or text.  

• And if you don’t like what we’ve done here this evening, you can contact the National Suicide Prevention Hotline at 1-800-273-8255, available 24 hours a day, 7 days a week. The Lifeline provides free and confidential support for people in distress, prevention and crisis resources for you or your loved ones, and best practices for professionals.

Thank you for choosing us to waste your valuable time on! This has been ORLYRADIO, Part of The Random Acts Company.

This work is licensed under a Creative Commons Attribution 3.0 United States License, including the music Rocket and Pamgaea created by Kevin MacLeod (www.incompetech.com)