Anatomy Of A Market Meltdown — With Joe Weisenthal

Big Technology Podcast

Alex Kantrowitz

Technology, Religion & Spirituality, Business News, Business, Religion, Science, Philosophy, Society & Culture, Entrepreneurship, Management, Marketing, Politics, News Commentary, Government, Investing, Tech News, Social Sciences, News

4.6 • 395 Ratings

🗓️ 22 June 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Weisenthal is co-host of Odd Lots and an editor at Bloomberg. He joins Big Technology Podcast to make sense of the cratering stock market, discussing the various factors that led to this moment and when it might turn around. Stay tuned for the second half where we go rapid-fire, analyzing a bunch of tech companies that are getting absolutely hammered, and some big-time investors as well. We end with a meditation on crypto.

Transcript

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0:00.0	From LinkedIn News, I'm Leah Smart, host of Everyday Better, an award-winning podcast dedicated to personal development.
0:06.2	Join me every week for captivating stories and research to find more fulfillment in your work and personal life.
0:11.8	Listen to Every Day Better on the LinkedIn Podcast Network, Apple Podcasts, or wherever you get your podcasts.
0:17.2	LinkedIn Presents.
0:44.2	Thank you. LinkedIn Presents Hello and welcome to the big technology podcast, a show for cool-headed, nuanced conversation of the tech world and beyond.
0:47.0	The market is in the middle of a slow motion or fast-moving crash depending on who you
0:51.1	ask.
0:51.9	We've spoken about it a lot on this show about the way that the
0:54.4	market is acting kind of crazy. We've talked a lot about the meme stocks and the spikes in Bitcoin.
0:59.7	And now, of course, we are on to the hangover. I don't think there's someone who's better positioned
1:03.7	to explain to us than Joe Wisenthel. He is the host of Odd Lots, which is a great podcast that you should check out. And an editor at Bloomberg, Joe,
1:11.1	welcome to the show. Thank you for having me. Thanks for being here. So I'm curious what you
1:16.3	think is, I think this is one of the weirdest crashes that we've had. Like in the previous
1:20.1	crashes that we've had, we've had, okay, something that's been led by subprime mortgages and
1:24.7	the interlocking of the banks. We've had the dot-com bust. But this one just seems to be
1:29.8	a confluence of factors. You have, of course, oil, you have, you know, overvalued stocks. You have
1:36.1	the supply chain. And all this stuff is coming together to be like, you know, little trickles that
1:42.4	build up to a big mountain. But you're not seeing the, like, you know, little trickles that build up to a big mountain.
1:48.6	But you're not seeing that like the, you know, the tragedies like you've seen in past breakdowns. And of course, we haven't had the one day crash. It's just been like a,
1:53.5	you know, slow decline over the course of 2022. Do you see it the same way also? Because like
1:58.6	it's strange. It almost feels like people are in better spirits.
2:01.8	Of course, people aren't happy right now, but they're in better spirits than they've been previously.
	...

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