October 11 2024 E200 meetups next week allin.com ! Jason secured it Hurricane season Milton lands in Florida :( Downgraded from Cat 5 to 3 to 1 90% of the energy we get from the sun is absorbed into our oceans Removing SO2 from cargo ships - causes acid rain so we removed it - is causing warming in the oceans - doubling of the rate of warming of the oceans SO2 used to trigger cloud formation So are we mean reverting then? Maybe! So it seems we had artificial cooling due to SO2 When hurricanes hit land, they no longer have the hot ocean energy pumping them up So went from Cat 5 to Cat 3 Helene - hot air hit cold mountain and caused a lot of precipitation - like 18 inches of rainfall Economics $500B-$1T of real estate on the Florida coastline Untenable insurance risk now - because of frequency of hurricane events - now you can lose the value of your home once in 20-30 years instead of once in hundreds of years in the past Florida state’s reinsurance capacit
October 3 2024 Mark Cuban joins the podcast! Cuban’s history with Trump Quite amicable overall Likes him personally but doesn’t think he’s the right person for the job Trump’s record Bad Didn’t show great leadership during the BLM riots Support for Saudis during Yemen conflict Interesting linkage between price of oil rise to track inflation Trump helped oil companies by asking Saudis and Putin to curtail production - the deal was 2 years long - and that led to high inflation for that duration which got better after the deal expired Friedberg counters that the cause of inflation was government and Fed monetary and fiscal policy - of pouring trillions of dollars into the world economy (unprecedented) Everything was constrained, not just energy Larry Summers also warned in Q1 of Biden-Harris administration that they were doing the wrong thing with passing the Inflation Explosion Act Good Great salesman, crowd motivator Bringing down corporate tax rate Capital gains