A finance fright fest

The Indicator from Planet Money

NPR

Business

4.7 • 9.5K Ratings

🗓️ 30 October 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Halloween is just around the corner and our hosts are scrambling to find the perfect costume. Today on the show, we scare up fresh costume ideas based on Wall Street's scariest financial jargon. If you know where to look, you can find witches and zombies lurking near dark pools and shadow banks. Are these terms as scary as they sound?

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Transcript

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0:00.0	NPR.
0:03.8	Whalen, I have almost given up on finding an economics-themed Halloween costume.
0:17.0	What?
0:18.0	You couldn't make the inverted yield curve outfit work?
0:20.4	I can't stay upside down that long.
0:22.4	Plus, I couldn't think of anything in economics or finance that is truly scary enough.
0:27.0	I mean, I want people to be terrified, to jump back in horror when I open the door to
0:32.0	give out candy.
0:33.0	Oh, you want to be that house.
0:34.4	Okay.
0:35.4	Well, I guess inflation is pretty scary, but it kind of peaked as a costume last year.
0:40.0	It feels a little stale for this year.
0:42.3	You could dress up as the threat of recession, maybe.
0:45.9	But then you'd have to explain what negative GDP is to kids.
0:48.6	I don't know.
0:49.6	True.
0:50.6	You know, it doesn't have to actually be scary.
0:53.9	If I find some economic words that sound frightening, even if they actually are.
0:58.4	Like, let me put on my scary voice here.
1:00.8	The Invisible Hand.
1:02.4	Ooh, I got a chill, Robert.
1:05.4	And the Invisible Hand is a metaphor used by Adam Smith about how markets work.
	...

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