Tid er penger - En podcast med Peter Warren

Tid er penger is a Norwegian markets podcast built around Peter Warren. Two voices carry it. One reads the market and holds the thesis; the other, who also produces, keeps asking for the version a listener can actually use. Episodes tend to start narrow — a yield curve, a quarter's tanker rates, the shape of volatility in the first three months of the year — and then open outward. British natural gas up 85 percent on the year, European gas up 92, and the argument moves to war, to Europe's position, to how much more serious each passing day looks. That drift is deliberate. Terms get defined before any time is spent on them, and a point is often restated two or three ways until it lands. The register is calm without being soft. It sharpens on dislocation and risk, and turns dry when a claim does not survive contact with the record — Trump saying the war was lost in the first twelve hours gets noted, then queried. Recent episodes have run through silver and physical gold, Microsoft borrowing at times more cheaply than the US government while standing in as a proxy for the AI trade, CoreWeave more than halved from its summer high inside a tangle of circular references, and Bill Ackman as shorthand for who a particular structure is really built for. One episode is given over to a book Peter Warren has read and what he took from it. Another lingers on a defence chief, Erik Kristoffersen, speaking on a panel alongside Ukrainian soldiers back from the front, on drones and on how each factor gets weighted. There is a long detour about a saber-toothed tiger and open ground, used to explain a generation of investors who assume the authorities will step in. Length is not managed. Episode 361 ran so long it was split, part two beginning mid-sentence, and it was described on air as probably the longest recorded. Sponsored stretches sit inside the discussion rather than beside it, including one on physical gold and silver that follows straight on from the metals talk. The self-corrections stay in. So do the digressions. What holds it together is that every branch gets tethered back to the same question: what is actually priced in, and what is only being assumed. Episodes close plainly, with thanks and a wish for a good week.