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What in the world is happening on Wall Street?

Economic indicators.

Who knows where this is going to end up?

To understand the economy, you have to understand human nature.

How are you doing there?

It's David. Welcome to the David McWilliams podcast, which every week

tries to make economics less jargony, more comprehensible and ultimately, I hope, more relevant.

Now, this week, we have a fascinating area to discuss, which is the role of central banks,

the fact that they're all cutting interest rates right now,

why are they doing that, whether or not the global economy is going into a recession,

or whether something else is going on. And that's the link between disruptive technology,

Silicon Valley, and deflation. And this is forcing down prices, and ultimately this is changing

the way the global economy works.

So that's our topic.

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