The Other Hand

1. The company at the heart of the global economy: sex, spies and serendipity. And a touch of genius.

   12.11.202636 Min.Als Nächstes

   Inflation: how bad is it? More interest rate rises on the way. Hosted on Acast. See acast.com/privacy for more information.

2. Stock market bubble bursts or another head-fake? The mid-terms. AI can do your tax returns!

   08.11.202634 Min.Als Nächstes

   Ireland continues to drown in cash. And keeps spending it. Hosted on Acast. See acast.com/privacy for more information.

3. A big first step towards the UK's eventual EU re-entry - and nobody notices.

   04.11.202637 Min.Als Nächstes

   'Ireland is a poor country' NO! Hosted on Acast. See acast.com/privacy for more information.

4. Time to end Trump's normalisation? UK budget: why did they bother? Natural Gas prices take off.

   01.11.202641 Min.Als Nächstes

   Tech bubble deflates a little further. More to come? Hosted on Acast. See acast.com/privacy for more information.

5. The ECB will have to choose: rescue France or sink the Euro: Brazil, France & the world's debt problems. Have adults really taken over the UK government?

   28.10.202638 Min.Als Nächstes

   Has the old Vs young war started? Hosted on Acast. See acast.com/privacy for more information.

6. The future has arrived. Hard and fast. Ungovernable France, oil back up, Putin's beatification.

   25.10.202639 Min.Als Nächstes

   Market shocks, AI anxiety, cyber risks, and a shaky European backdropThis episode covers a fast-moving mix of markets, macroeconomics, and geopolitics. Chris and Jim move from oil and AI-driven equity …

   Shownotes

   Market shocks, AI anxiety, cyber risks, and a shaky European backdrop

   This episode covers a fast-moving mix of markets, macroeconomics, and geopolitics. Chris and Jim move from oil and AI-driven equity volatility to cybersecurity scares, European weakness, UK consumer strain, and the growing pressure on France and the European car industry.The conversation is wide-ranging but tied together by one theme: the future is arriving faster than markets, governments, and businesses seem ready for.

   Key topics

   • In this episode, Chris opens with oil at $114 a barrel and argues the move may reflect supply-demand tightening, stock drawdown, or delayed effects from earlier war-related shocks.
   • They discuss the recent sell-off in AI-linked stocks and the simultaneous rally in US bonds, with lower Treasury yields driven by weak tech sentiment, extreme bearish bond positioning, and a search for safety.
   • Jim highlights Meta’s quarterly results and the market’s growing focus on capital expenditure, compute infrastructure, and return on investment rather than revenue growth alone.
   • The pair examine AI’s role in cybersecurity, including the discovery of major vulnerabilities and the alarming claim that 60% of British SMEs that suffer a successful cyberattack go out of business within six months.
   • They note how AI is being used both to find vulnerabilities and to patch them, raising questions about whether the industry is getting a free marketing boost from each new security scare.
   • Jim brings in inflation and PMI data from Japan and the euro area, showing that price pressure remains persistent while growth is slowing across the continent.
   • France becomes a major focus, with weak PMIs, a budget deficit around 5% of GDP, debt near 119% of GDP, and 10-year borrowing costs above 5%, prompting comparisons with Greece and Spain.
   • The discussion turns to UK consumers, with retail sales down 0.4% on the month and consumer confidence falling sharply, reinforcing the pressure heading into the next budget.
   • They cover the UK mortgage market recovery, with first-time buyers accounting for 57% of Q3 mortgage drawdowns, while also contrasting current activity with the far larger pre-crisis peak.
   • The European car market is framed as being under structural stress from Chinese competition, tariffs, raw material costs, and the EV transition, even as battery electric and hybrid sales continue to grow.
   • Chris and Jim also discuss US tourism weakness, concerns about travel under Trump, and the political and reputational damage this could do to inbound visitor numbers.
   • The episode closes on Ireland’s energy dependence on imported fossil fuels, planning resistance to renewables and data centres, and a furious condemnation of the Trump administration’s rhetoric on Putin.

   Hosted on Acast. See acast.com/privacy for more information.

7. Upload your country's tax code to AI? Ask for personalised (legal) tax avoidance tips and tricks? Mental health issues in Ireland have little to do with the economy?

   22.10.202643 Min.Als Nächstes

   In this episode, Jim outlines the backdrop to the UK autumn budget: inflation rising to 3.5%, transport inflation at 6.6%, higher borrowing, and the likelihood of another Bank of England rate increase.The pair …

   Shownotes

   • In this episode, Jim outlines the backdrop to the UK autumn budget: inflation rising to 3.5%, transport inflation at 6.6%, higher borrowing, and the likelihood of another Bank of England rate increase.
   • The pair discuss the argument that the UK’s strength lies in high value professional services, including consulting, legal work, computer programming, and AI related business investment.
   • They note that UK innovative companies have absorbed more than one-third of European venture capital in the first nine months of the year, reinforcing the case for not damaging the sector with heavier taxes.
   • Jim and Chris revisit the debate over tax complexity, using Tim Harford’s critique of Britain’s “bad taxes” and examples like VAT oddities, National Insurance, and the enormous length of the UK tax code.
   • The conversation highlights how complexity creates demand for tax lawyers and accountants, while AI may eventually let ordinary people search for loopholes or understand the system more easily.
   • In energy, they discuss the UK government’s approval of the Jackdaw gas field and the proposed Rosebank oil field, framing both as pragmatic responses to energy security, jobs, and winter heating needs.
   • They debate the tension between climate goals and the reality that the UK still needs fossil fuels, especially when domestic supply may have lower carbon consequences than importing liquefied gas from overseas.
   • Chris explains that high oil and gas prices may partly reflect countries quietly rebuilding strategic reserves after running them down.
   • The second half shifts to youth mental health, prompted by a Jigsaw report showing increased demand in Ireland for services and a deterioration in young people’s mental health.
   • They explore possible causes: mobile phones, social media, war, housing pressure, job insecurity, AI related anxiety, and the weakening of friendship and community networks.
   • Chris argues that data on mental health is hard to interpret because increased reporting may be driving some of the apparent rise, but he also notes there are real service backlogs, including 400,000 children waiting for mental health support in the UK.
   • The discussion ends on a broader reflection that material living standards have improved over decades, so the explanation for worsening wellbeing may lie more in social connection than in economics alone.

   Hosted on Acast. See acast.com/privacy for more information.

8. France's problems are unsolvable. Surprisingly, the UK's might not be. France and Germany cede the EV market to China.

   20.10.202644 Min.Als Nächstes

   Markets, France, AI, Billionaires, and the UK Welfare CrisisThis episode ranges from market history and Irish trade data to France’s fiscal bind, the geopolitics of AI infrastructure, billionaire wealth, and …

   Shownotes

   Markets, France, AI, Billionaires, and the UK Welfare Crisis

   This episode ranges from market history and Irish trade data to France’s fiscal bind, the geopolitics of AI infrastructure, billionaire wealth, and the UK’s welfare system. Chris and Jim move quickly between economics, politics, and technology, with a recurring theme: systems that look stable on the surface are under far more strain than most people realize.They also cover the strategic risks of AI and data centers, the pressure on Europe’s car industry from China, and the scale of the UK’s benefits problem, especially for younger people. It’s a wide-ranging conversation anchored in hard numbers and blunt political judgments.

   Key topics

   • In this episode, Chris and Jim revisit Black Monday and how shocks in markets can create outsized winners in bonds when equities sell off.
   • Jim walks through Ireland’s merchandise trade data for the first eight months of the year, including a 23.9% drop in exports overall and major swings in chemical and pharma trade.
   • They discuss China’s stronger than expected Q3 growth, driven by policy easing, exports, high-tech manufacturing, AI-related components, and EVs.
   • Chris argues that some of China’s export strength likely reflects dual-use trade tied to Russia and Iran, especially military components.
   • The conversation turns to France, where protests are framed as a symptom of a deeper fiscal and pension crisis rather than only street unrest.
   • Chris says France’s pay as you go pension system, low pension age, and rising bond yields point to a real debt and fiscal problem.
   • They examine the Franco-German push to soften the 2035 internal combustion engine phaseout, which Chris and Jim both view as a strategic retreat in the face of Chinese EV competition.
   • AI infrastructure becomes a major focus, with concern over delayed data centers, financing pressure, community backlash, and whether current AI revenues can justify the investment boom.
   • Chris raises a strategic security concern: if AI and cloud systems are controlled by a small number of US tech oligarchs, they can be used as leverage through a simple off switch.
   • They discuss the moral and economic case around billionaires, including arguments that innovators create large social value even if wealth is also shaped by privilege and unfair tax treatment.
   • The episode closes on the UK welfare system, where Chris lays out alarming data on sickness benefits, young people being written off, and a system that appears to trap people rather than help them back into work.

   Hosted on Acast. See acast.com/privacy for more information.

9. The coming battle for Europe. Will the right triumph in the upcoming wave of elections? Frankenstein unleashed?

   16.10.202644 Min.Als Nächstes

   Will 2027 see a General Election in the UK? Hosted on Acast. See acast.com/privacy for more information.

10. Is home ownership overrated? Will the turmoil in bond markets 'cure' the house price problem?

    14.10.202636 Min.Als Nächstes

    This episode covers a wide-ranging macro and geopolitics conversation, starting with Irish residential property prices and the affordability squeeze, then moving into China’s pressure on the European car …

    Shownotes

    This episode covers a wide-ranging macro and geopolitics conversation, starting with Irish residential property prices and the affordability squeeze, then moving into China’s pressure on the European car industry, IMF growth and fiscal warnings, and finally the security risks created by everything being connected to the internet. The discussion closes with the Nobel Prize in Economics and why Robert E. Hall and Michael Woodford matter for modern central banking.

    Hosted on Acast. See acast.com/privacy for more information.

11. Should the fiscal watchdog be anxious? Many others are. American psycho?

    12.10.202637 Min.Als Nächstes

    In this episode:Chris argues the Irish government is spending too much of temporary corporation tax revenue on permanent commitments, citing IFAC’s warning that the state is spending six out of every seven …

    Shownotes

    In this episode:

    • Chris argues the Irish government is spending too much of temporary corporation tax revenue on permanent commitments, citing IFAC’s warning that the state is spending six out of every seven euros from corporation tax.

    Jim pushes back on the budget politics

    • saying ministers faced strong departmental pressure and that the six percent spending target, even if imperfect, may be a reasonable outcome in context.

    Tax policy gets a mixed verdict:

    • both agree the budget was better for taxpayers than last year, but Chris says the increases in thresholds and credits still lag inflation and do not restore real purchasing power.

    Capital gains tax is singled out as a growth lever

    • with Jim welcoming the cut from 33 percent to 31 percent but arguing it should eventually return to 20 percent.

    Irish inflation is still running hot

    • with Jim noting September CPI at 4.1 percent, driven by mortgage interest, electricity, and home heating oil rather than the domestic economy.

    Manufacturing output shows a split economy

    • , with overall output up 5.8 percent year on year, but the modern sector down 6.8 percent while the traditional sector edged up 0.8 percent.

    The conversation turns to youth mental health

    • after Chris cites a UK report showing a 50 percent increase in reported autism and ADHD among young people since 1993.

    They connect mental distress to wider social pressures

    • including long waiting lists, NEET levels, poverty, housing, screen addiction, environmental anxiety, war, and fear of AI-driven job loss.

    Jim argues intergenerational inequality is worsening

    • saying many young people expect to be less well off than their parents because they struggle to build assets, especially through housing.

    Inheritance tax becomes a flashpoint

    • with Jim calling it reprehensible and arguing for a far larger increase or abolition, while Chris notes that only 4% of estates in the UK actually pay any inheritance tax.

    US politics comes under fire

    • especially the planned live-streaming of a firing squad execution and restrictions on skilled immigration through H1B and green card sponsorship pathways.

    A provocative argument about porn and social media

    • suggests modern platforms inherited their attention-grabbing mechanics from the porn industry, helping explain addictive scrolling and algorithmic design.

    The Green Party’s momentum appears to have collapsed

    • with Chris and Jim noting Zack Polanski’s by-election setback and criticising the party’s shift away from environmental politics toward hard-left activist positions.

    Hosted on Acast. See acast.com/privacy for more information.

12. Podcast special: A fireside chat between Jim, Minister Jack Chambers, Cormac Fitzgerald & Cróna Clohisey

    11.10.202650 Min.Als Nächstes

    In this episode, Minister Jack Chambers says Budget 27 was built around balance - protecting long-term capital investment while responding to cost of living pressures.Chambers says next year’s capital …

    Shownotes

    • In this episode, Minister Jack Chambers says Budget 27 was built around balance - protecting long-term capital investment while responding to cost of living pressures.
    • Chambers says next year’s capital investment will exceed 20 billion euro, and that day-to-day spending growth has been brought down from an average of 9% to about 6%.
    • Jim Power argues the budget is positive overall, especially on personal tax relief, the investment account, and the reduction in capital gains tax from 33% to 31%.
    • Power warns that Ireland’s public finances depend heavily on a small number of multinational firms, pointing to concentration risk in corporation tax receipts and the need for prudent spending.
    • Cormac Fitzgerald says SMEs remain under pressure from labour costs, energy costs, PRSI increases, auto-enrolment, and rising compliance burdens.
    • Fitzgerald welcomes the new investment savings scheme and says SME support should be strengthened in the Finance Bill or Budget 28.
    • Cróna Clohisey says the budget’s administrative simplification measures matter, especially the removal of real-time benefit reporting requirements.
    • Clohisey also stresses that labour costs are the biggest issue for SMEs and says employers’ PRSI relief would have helped.
    • Chambers repeatedly returns to the need for public spending efficiency, saying the state must deliver better outcomes rather than simply spend more.
    • The panel agrees that simplification, predictable regulation, and better delivery from the state are essential if Ireland is to support both business growth and public trust.

    Hosted on Acast. See acast.com/privacy for more information.

13. Podcast special: initial reaction to the Irish budget

    06.10.202615 Min.Als Nächstes

    Hosted on Acast. See acast.com/privacy for more information.

14. Budget week is here. Simple narratives versus complex reality. And some method acting.

    06.10.202638 Min.Als Nächstes

    In this episode, Jim breaks down the Irish Department of Finance white paper and says the public finances still look strong, with a forecast general government surplus of 6.9 billion euro this year and 13.5 …

    Shownotes

    • In this episode, Jim breaks down the Irish Department of Finance white paper and says the public finances still look strong, with a forecast general government surplus of 6.9 billion euro this year and 13.5 billion euro in 2027.
    • The conversation focuses on corporation tax, which is forecast at 34.1 billion euro this year and 39 billion euro next year, but below an earlier projection of 35.3 billion euro.
    • Jim stresses that October and November are still crucial months for corporation tax, so the apparent undershoot may not tell the full story yet.
    • Chris raises the warning - yet again - that Ireland’s corporation tax base is becoming dangerously concentrated, with a small number of multinational companies accounting for a huge share of receipts.
    • Jim notes that income tax, corporation tax, and VAT make up 89.9% of total tax take, showing how much the budget depends on a very small number of revenue streams.
    • The discussion turns to the government’s likely 8.5 billion euro budget package, and the political impossibility of satisfying workers, businesses, unions, students, welfare recipients, and public service groups at once.
    • Chris argues for a long-term strategy of explaining fiscal reality to the public, especially the danger of using temporary tax revenues for permanent spending.
    • Jim pushes back, saying political reality makes that kind of strategy hard to deliver, especially under pressure from industrial action, election incentives, and short-term budget politics.
    • We move to housing, using Spain’s snap election and housing protests to show that housing affordability is a global issue, not a uniquely Irish or British one.
    • The episode includes a broader reflection on how people and politicians handle complexity, whether on immigration, Israel-Palestine, or fiscal policy, and how often narratives overpower data.
    • And extra holes in belts.

    Hosted on Acast. See acast.com/privacy for more information.

15. Financial repression in all our futures? Faling real wages in the US help explain the Trump slump. A Burnham bounce?

    04.10.202639 Min.Als Nächstes

    This week, Chris and Jim unpack a volatile run of economic data and what it means for markets, growth and household finances.US jobs and wages: A weaker-than-expected employment report shifts expectations for …

    Shownotes

    This week, Chris and Jim unpack a volatile run of economic data and what it means for markets, growth and household finances.

    US jobs and wages:

    • A weaker-than-expected employment report shifts expectations for interest rates, while falling real wages raise questions about living standards.

    Growth, inflation and rates:

    • Why resilient growth alongside renewed inflation is making the outlook harder for central banks to read.

    The bond-market story:

    • Rising government borrowing costs, fiscal pressure and the unusual resilience of equity markets.

    Financial repression explained:

    • How inflation and negative real interest rates can quietly reduce the burden of government debt.

    Europe’s fiscal fault lines:

    • Why debt dynamics look different across the US, UK, France and the eurozone.

    A brighter UK outlook:

    • Improved growth data, the role of AI investment and whether confidence could help sustain momentum.

    Ireland ahead of the budget:

    • Labour-market signals, consumer spending, tax receipts and the changing car market.

    Electric vehicles and China:

    • The rapid rise of EVs, used-car imports, Chinese manufacturing and the battery race.

    Wider political risks:

    • Reflections on Northern Ireland, US political rhetoric and escalating threats around Ukraine.

    Hosted on Acast. See acast.com/privacy for more information.

16. The alien spaceships have arrived - it turns out that we built them

    30.09.202640 Min.Als Nächstes

    This episode ranges from the latest AI headlines and the existential risk debate to the way AI investment is showing up in inflation, bond yields, and central bank thinking.It also turns to Ireland’s budget …

    Shownotes

    This episode ranges from the latest AI headlines and the existential risk debate to the way AI investment is showing up in inflation, bond yields, and central bank thinking.

    It also turns to Ireland’s budget season, EU budget tensions, and why both speakers think fiscal policy has become too much of a political circus.

    Chris and Jim argue that the big story is not just productivity from AI, but also the inflationary pressure from massive data centre investment, energy demand, and supply constraints. They also dig into why governments keep treating budgets like a one-off spectacle instead of a long-term strategy.

    Hosted on Acast. See acast.com/privacy for more information.

17. The Times They Are A-Changin' - especially if AI represents a new, second inflationary shock.

    25.09.202635 Min.Als Nächstes

    This conversation breaks down the latest economic data and what it means for markets, inflation, and central bank policy. Jim and Chris focus on the surprise strength in US, European, and German indicators …

    Shownotes

    This conversation breaks down the latest economic data and what it means for markets, inflation, and central bank policy. Jim and Chris focus on the surprise strength in US, European, and German indicators, then dig into whether the AI investment boom is no longer just a productivity story but a broader inflation and wage impulse.

    
    

    They also cover soaring bond yields, the OECD’s mixed forecasts, record global debt, and the growing risk that geopolitical tensions and war could reshape the economic outlook.

    Hosted on Acast. See acast.com/privacy for more information.

18. House prices, performative fiscal theatre and the existential threat facing the EU.

    23.09.202639 Min.Als Nächstes

    This episode ranges from a personal Camino de Santiago walk to a hard-edged discussion about housing markets, public finances, and political risk in the UK and Europe. Chris and Jim connect the dots between …

    Shownotes

    This episode ranges from a personal Camino de Santiago walk to a hard-edged discussion about housing markets, public finances, and political risk in the UK and Europe. Chris and Jim connect the dots between weak growth, planning bottlenecks, budget theatre, and the social strain that builds when economies stop expanding.We discuss Ireland’s housing market cooling, the UK’s fiscal outlook ahead of the budget, and why policy uncertainty is making long-term investment harder. The conversation also widens to Germany, France, the EU budget, and the bigger question of whether Western political systems can still sustain growth.

    Hosted on Acast. See acast.com/privacy for more information.

19. Interest rates on the up. Carney sticks it to Trump - and the UK

    20.09.202633 Min.Als Nächstes

    UK's moron premium proves very sticky Hosted on Acast. See acast.com/privacy for more information.

20. Can an array of Nvidia chips really be conscious? And kill us all?

    18.09.202647 Min.Als Nächstes

    In conversation with Professor Shane O'Mara Hosted on Acast. See acast.com/privacy for more information.

21. Donald Trump says it is as big a hoax as climate change. But there are now real fears about our AI future

    16.09.202652 Min.Als Nächstes

    In this special edition of The Other Hand, host Chris is joined by journalist Sarah Carey and AI entrepreneur Sean Blanchfield (CEO and co-founder of Jentic) for a wide-ranging conversation about artificial …

    Shownotes

    In this special edition of The Other Hand, host Chris is joined by journalist Sarah Carey and AI entrepreneur Sean Blanchfield (CEO and co-founder of Jentic) for a wide-ranging conversation about artificial intelligence. Sarah opens with a vivid first-hand account of attending Donald Trump's press conference at the US Ambassador's residence in Dublin. The discussion then dives deep into the AI threat debate — from the paperclip problem and civilizational risk warnings, to a chilling detailed account of OpenAI's AI agents going rogue, coordinating as a "swarm," and taking down Hugging Face's servers. Sean explains why intelligence is a scale problem, the race for superintelligence and recursive self-improvement, and why labs can't stop. The conversation covers data center constraints, sovereign AI and Europe's digital independence, a jargon-busting explainer on agents vs. LLMs vs. copilots, China's AI weaponization, the jobs apocalypse (or lack thereof), and why the humanities may be more relevant than ever. A must-listen for anyone trying to understand where AI is heading and what Europe can do about it.

    Hosted on Acast. See acast.com/privacy for more information.

22. The rise of the right: It's all about immigration. And modern Caligulas.

    13.09.202630 Min.Als Nächstes

    Wildfires have been diminishing in size. Who knew? Hosted on Acast. See acast.com/privacy for more information.

23. Are we getting dumber? Almost certainly, as AI is going to kill us all. Apparently.

    11.09.202627 Min.Als Nächstes

    Will the universe miss us? Hosted on Acast. See acast.com/privacy for more information.

24. House prices will stay elevated until the economy tanks. Will Uncle Sam ask Ireland for its money back?

    06.09.202637 Min.Als Nächstes

    Peak stuff Hosted on Acast. See acast.com/privacy for more information.

25. Interest rates going up on both sides of the Atlantic. Bonds crash and could spark a real problem - for everyone

    03.09.202638 Min.Als Nächstes

    Don't mess with Canada Hosted on Acast. See acast.com/privacy for more information.

26. Big Tech's Britney Spears defence. Proving we are human is becoming increasingly difficult.

    02.09.202644 Min.Als Nächstes

    In conversation with Joan Mulvihill Hosted on Acast. See acast.com/privacy for more information.

27. US, UK and Irish political scene setting. In conversation with Sarah Carey

    30.08.202641 Min.Als Nächstes

    Occasionally sounding rather unsound.... Hosted on Acast. See acast.com/privacy for more information.

28. The forever war in Ukraine. The death of the pub? Where is the cheapest pint in London? Marking AI's homework

    26.08.202641 Min.Als Nächstes

    The new war between Canada & The US Hosted on Acast. See acast.com/privacy for more information.

29. AI will get you 80% of the way there. Economic D-day declared by Trump. US bond buying bombs.

    23.08.202632 Min.Als Nächstes

    All the latest data Hosted on Acast. See acast.com/privacy for more information.

30. Higher interest rates on the way? Japan to blow up the financial world?

    19.08.202638 Min.Als Nächstes

    Who is responsible? Hosted on Acast. See acast.com/privacy for more information.

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