Abodes well? The housing crash that wasn’t
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 20 June 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Much to the chagrin of hopeful first-time buyers, property prices remain stubbornly high across the West. Our correspondent explains why housing is defying the laws of financial gravity. A new diamond deal in Botswana risks jeopardizing the country’s sparkling record. And why a failed crop of peaches will not cripple America’s Peach State.
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Transcript
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| 1:01.2 | Hello and welcome to the intelligence from The Economist. I'm Oro Ogunbeye. |
| 1:06.3 | And I'm Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world. |
| 1:15.4 | While many African economies have been crippled by the resource curse, Botswana has stood out as a rare success story thanks to its diamond industry. |
| 1:25.2 | Now, in light of a new deal, the country's glowing reputation risks losing its sparkle. |
| 1:33.0 | And there's no greater association between an American state and a fruit than the case of the Georgia peach. |
| 1:40.0 | But this year's crop is failing badly. |
| 1:42.6 | We look into how that association came about |
| 1:44.8 | and why a dearth of the fruit isn't as critical as you might think. |
| 1:52.9 | But first. |
| 1:59.5 | Yet another interest rate rise is expected here in Britain this week. |
| 2:06.4 | And as elsewhere, it's starting to sound like a broken record, with the cost of borrowing, rising. |
| 2:11.9 | Let's talk about the Bank of England, expected to increase interest rates again today for the third time in a row. |
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