Boom Bust Season 1 Episode 124 Gazprom Deal in China and Amir Sufi's Solution for the Great Financial Crisis

Boom Bust season 1 episode 124 explores two topics: Gazprom's deal with China and Amir Sufi's proposed solution for the Great Financial Crisis. The first half of the episode delves into the details of Gazprom's $400 billion natural gas deal with China, which was signed in May 2014. The deal was touted as a major victory for Russia's energy sector and a sign of the growing economic relationship between Russia and China. However, the show examines the potential risks and downsides of such a deal, including the impact on European energy markets and the long-term viability of Russia's natural gas industry.

The second half of the show features an interview with economist Amir Sufi, who discusses his proposed solution for the Great Financial Crisis. Sufi argues that the root cause of the crisis was excessive borrowing, particularly in the housing market. His solution involves creating a new type of financial instrument that would allow homeowners to share the risk of mortgage default with investors. This would incentivize lenders to be more careful with their lending practices and reduce the risk of another financial crisis.

Throughout the episode, the hosts provide analysis and commentary on these issues, drawing on insights from experts in the fields of energy, finance, and economics. The show aims to provide viewers with a deeper understanding of these complex topics, as well as insights into the latest trends and developments in global business and finance.