Guns and butter and credit
4/7/202615 min
Economists often compare today’s era to the 1970s, when oil prices were high and inflation was looming. But there is something to learn from the 1960s, too. Today on the show, Rob Armstrong and Hakyung Kim discuss “guns and butter”, and the state of consumer credit. Also they go short flights to Europe and short AI glasses.
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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.
Read a transcript of this episode on FT.com
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First 90 secondsSpeaker 00:00
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Rob Armstrong· Host0:24
[ on-hold music] Pushkin. Oil prices are high and rising. Inflation is scaring everyone, and men are wearing terrible clothes. The question that confronts us today: are we living through the '70s again? This is Unhedged, markets and finance podcast from the Financial Times and Pushkin. I am Rob Armstrong, author of the FT's Unhedged newsletter, and I'm joined at Unhedged world headquarters today by my fearless lieutenant, Hak Yong Kim. Welcome back to the show, Hak Yong.
Hakyung Kim· Host1:14
At your service, Rob.
Rob Armstrong· Host1:15
[laughs] Well, you better be. [laughs] Uh, well, the analogy with the '70s is kind of obvious, given the oil shock that we are experiencing. But