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Slate Money - All Policies are Economic Policies

Slate Daily Feed

Slate

News, Business, Society & Culture

3.91.1K Ratings

🗓️ 31 October 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

Felix Salmon, Emily Peck, and Anna Szymanski discuss the effect of the US president on the economy, dual interest rates and whether or not PetSmart and Chewy should split up. 


In the Slate Plus segment: The new Gmail logo. 


Email: slatemoney@slate.com


Podcast production by Jessamine Molli.


Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hello, welcome to the all policies, economic policies episode of Slate Money, your guide to the business and finance news of the week.

0:21.6

I'm Felix Salmon of Axios.

0:23.9

I'm here with Emily Peck of Huffpost.

0:25.6

Hello.

0:26.5

I'm here with Anna Schumansky of Breaking Views.

0:29.7

Hello.

0:30.6

We had a massive GDP report out this week.

0:33.9

We're going to talk about that.

0:35.1

And more generally, whether and how presidents can

0:39.2

have an effect on the economy. Presidents being on our mind, of course, right now, since everyone's

0:45.1

going out and voting. We are going to talk about the other side of economic policy, which is

0:50.4

monetary policy and whether central banks have any extra firepower they can draw upon.

0:57.2

We are going to talk about PetSmart and Chewy and whether they belong together or not.

1:03.4

And I really urge you to become a Slate Plus member if you're not one already, in our Slate Plus segment we are going to do a

1:13.1

little dive into the redesign of the Gmail logo, which I know you have opinions on. So please

1:20.2

let us know what your opinions are. SlateMoney at Slate.com. You'll find out what I think if you

1:26.8

listen to Slate Plus. All of this and more

1:30.1

coming up on Slate Money. So let's talk about the economy. We had a GDP report for the ages this

1:41.6

week, 33.1% annualized growth rate, which is a 7.4% actual growth rate just

1:48.9

quarter to quarter, which is huge. And it's also a statistical artifact because we fell even

1:55.3

more than that, the previous quarter. And there's a lot to be said about the GDP report,

2:00.0

which I guess you can read some of it in my newsletter.

...

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