A New Financial Crisis – Could 2025 get as bad as 2008?

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 29 April 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wall Street is erratic, global trade is unravelling and world leaders are more divided than ever. The similarities to 2008 are growing more apparent – but the crisis this time looks very different. Archie Hall, Britain economics reporter for The Economist, joins Alex von Tunzelmann to explore the global fallout, the risks to Britain’s fragile recovery, and whether there is still time to avert another financial crisis of the magnitude of 2008. • We are sponsored by Indeed. Go to https://indeed.com/bunker for £100 sponsored credit. www.patreon.com/bunkercast Follow us on BlueSky: https://bsky.app/profile/bunkerpod.bsky.social Written and presented by Alex von Tunzelmann. Producer: Liam Tait. Audio editors: Robin Leeburn. Managing editor: Jacob Jarvis. Music by Kenny Dickinson. Group Editor: Andrew Harrison. THE BUNKER is a Podmasters Production. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello and welcome to The Bunker, your daily deep dive into the world of news and politics.
0:14.0	I'm Alex von Tunselman.
0:15.9	So global markets have been rattled by US President Donald Trump's long-threatened trade war.
0:23.1	This month is shaping up to be Wall Street's worst in almost a century.
0:28.5	Economically speaking, there's an uneasy feeling in the air. The world economy may be shifting
0:34.0	under our feet again, and who knows where it's going to stop.
0:38.7	Whatever deal our government may or may not do, the shockwaves are crossing the Atlantic.
0:44.7	For Britain still navigating a fragile economic recovery from our own rather bonkers economic
0:50.2	policy under Liz Truss and rather bonkerskers decision to do a Brexit before then,
0:55.1	the timing couldn't be worse. How far could the damage spread? What does this mean for ordinary
1:00.8	people here in the UK? And could we be on the brink of another international financial
1:05.9	crisis like in 2008? To look into all of this, I'm joined by Britain economics correspondent for the economist,
1:13.8	Archie Hall. Archie, welcome to the bunker. Hello, thanks for having me.
1:18.0	Okay, look, let's start with the big thing, the global picture. We've seen markets kind of yo-yoing,
1:24.1	plummeting, then perhaps doing some recoveries, seemingly in response to the whims of Donald Trump.
1:30.0	How does this moment compare to 2008?
1:33.9	Well, it's never a good start if that's your comparison.
1:36.6	No, no matter where you're answering that question.
1:39.9	No, there are two big differences I think I see so far comparing now to the financial crisis
1:46.5	in 2008.
1:47.7	The first one is simply the scale, which is, you know, the financial crisis was vast.
1:52.7	We're obviously very much of the early innings of this one, but so far the decline in stock
	...

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