Global Finance Shifts: New Leaders, Policies, and Market Reactions

Explore the latest in global finance as France appoints a new finance minister amid budget turmoil, and China's finance ministry pledges increased spending to boost the economy. Delve into the market volatility sparked by the Federal Reserve's recent decisions and understand the implications of new mortgage standards applied to PACE financing. This episode offers insights into how these developments shape economic strategies and investment landscapes worldwide.

Sources:
https://www.bloomberg.com/news/newsletters/2024-12-23/macron-appoints-new-finance-minister-eric-lombard-amid-budget-turmoil
https://finance.yahoo.com/news/china-finance-ministry-vows-greater-045745541.html
https://www.forbes.com/sites/greatspeculations/2024/12/23/financial-market-volatility-blame-the-fed/
https://natlawreview.com/article/new-cfpb-rule-applies-mortgage-standards-residential-pace-financing

Outline:
(00:00:00) Introduction
(00:00:40) Macron Appoints a New Finance Minister Amid Budget Turmoil
(00:03:39) China’s Finance Ministry Vows Greater, Faster Spending in 2025
(00:06:41) Financial Market Volatility: Blame The Fed
(00:09:52) New CFPB Rule Applies Mortgage Standards to Residential PACE Financing