Debt Ratings Are Like The Emmys

The Gist

Peach Fish Productions

Daily News, News

4.5 • 3.7K Ratings

🗓️ 6 August 2015

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Four years ago today, the U.S. debt rating by Standard & Poor's was downgraded from AAA to AA+. An assortment of politicians and rich people warned us this would be a day we'd never forget. We forgot. On The Gist, Adam Davidson explains the surprising power private credit ratings agencies such as S&P, Moody's and Fitch have been given by the U.S., and what that means for global development. He's a contributor to New York Times Magazine and a founder of NPR's Planet Money. Also, Adam Davidson is hosting a new podcast with Adam McKay called Awesome Boring. Here's a teaser. For the Spiel, the GOP debates have to do with the future of the Republican Party. Today's sponsor: Casper, the online retailer of premium mattresses for a fraction of the price. Get $50 toward any mattress purchase by visiting casper.com/gist and using the promo code GIST. Join Slate Plus! Members get bonus segments, exclusive member-only podcasts, and more. Sign up for a free trial today at slate.com/gistplus Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	The world of real estate investing may feel like a pipe dream.
0:02.9	Something reserved exclusively for the wealthy.
0:05.8	The team at Bigger Pockets Podcast wants you to know that's not the case.
0:09.7	They're here to teach the everyday job holder.
0:12.2	Not big money investors or corporate landlords.
0:14.8	How to achieve financial freedom through real estate investing.
0:18.7	Some will dismiss this message as too good to be true,
0:21.2	but it's not a get rich quick scheme.
0:23.2	The Bigger Pockets Network of Shows will teach you
0:26.0	how to make smart, attainable investment decisions
0:28.6	on your path to financial freedom.
0:30.8	Does retirement feel unattainable?
0:32.9	Or perhaps you're looking to replace your salary with passive income
0:36.0	and start owning your time?
0:37.7	The Bigger Pockets Real Estate Podcast will teach you how.
0:40.8	Start building wealth and creating financial freedom
0:43.7	by tuning into the Bigger Pockets Real Estate Podcast
0:46.9	every Sunday, Tuesday, and Thursday.
0:49.5	That's Bigger Pockets Real Estate on any podcast app.
0:53.8	And be sure to check out their other shows in the network,
0:56.2	including Real Estate, Rookie, and Bigger Pockets Daily.
0:59.2	The Just Disponsored by Casper,
	...

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