Cruel summer: heatwaves rage across the world
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 17 July 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Europe, America and Asia are all enduring scorching heatwaves, air temperatures are repeatedly breaking records and the health impacts are alarming. But is the worst yet to come? Why risky assets are proving more resilient than investors expected despite war, inflation and the threat of recession (10:10). And Europe says farewell to its symbolic small cars (16:50).
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Transcript
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| 0:00.0 | Hello, I'm currently out of office. |
| 0:04.4 | An article I read recently said we're more relaxed and more productive after a good break. |
| 0:14.4 | So I've gone to Barbados for a month for science. |
| 0:22.4 | Yours, Toby. |
| 0:24.2 | Take your holiday as seriously as British Airways holidays take your holiday. |
| 0:29.0 | Atul protected. |
| 0:31.9 | This podcast is sponsored by TradeU. |
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| 0:58.4 | Your capital is at risk, interest, subject to minimum balance, terms and conditions apply. |
| 1:05.9 | Hello and welcome to the intelligence from The Economist. |
| 1:09.4 | I'm your host, Oira Ogambi. |
| 1:11.9 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 1:19.3 | A decade of low interest rates encouraged people to put a lot of faith in risky assets, |
| 1:25.5 | from Bitcoin to junk bonds. And with all this hype, came a speculation-fuelled |
| 1:30.4 | bubble in the market. But now that big bubble has popped. Or has it? And European streets once |
| 1:40.4 | buzzed with petite cars such as the Mini, the Beetle and the Fiat 500. Well, prepare to see fewer of them. |
| 1:47.8 | It seems that people on the continent are falling out of love with their teeny weenie cars. |
... |
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