FTX reboot?
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 20 January 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
The guy who’s now running FTX, the imploded cryptocurrency exchange founded by now-indicted Sam Bankman-Fried, said he’s considering reopening shop. Too soon? Also, mortgage rates are coming down, but all the commotion about the debt ceiling could undo that. And, guest host Amy Scott makes us smile with a video of celebrities reenacting conversations on Nextdoor, the neighborhood social networking platform.
Here’s everything we talked about today:
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- “Mortgage Rates Fall as Services Sector Contracts” from Zillow Research
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- Mortgage Rates from Freddie Mac
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- “New FTX Chief Says Crypto Exchange Could Restart” from The Wall Street Journal
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- Debt ceiling cartoon from @newyorkercartoons on Instagram
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- Tweet from @JimmyKimmelLive of “Nextdoor Theatre” video
Join us tomorrow for Economics on Tap. The YouTube livestream will be back! 6:30 ET/3:30 PT. There will be drinks, news and a round of Half Full / Half Empty.
Transcript
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| 0:00.0 | Alright, Jake, come on, let's go. |
| 0:04.2 | Come on, it's all it says. |
| 0:06.2 | All it says. |
| 0:07.6 | Hey everybody, I'm Kyle Rizzo, |
| 0:08.8 | welcome back to Make Me Smart. |
| 0:10.1 | Where we make today make sense. |
| 0:12.9 | And I made me Scott in today for Kimberly Adams. |
| 0:15.6 | Thanks for joining us on this Thursday. |
| 0:18.2 | We're gonna do a news fix and make me smile. |
| 0:21.5 | And I think we can get to it. |
| 0:24.9 | There we go, alright, you go first. |
| 0:26.9 | Okay, well, I don't have to tell you, |
| 0:30.8 | we've reached the extraordinary measures |
| 0:33.1 | phase of the debt ceiling situation. |
| 0:36.0 | We've hit the ceiling and now what the treasury |
| 0:38.6 | can do some maneuvering to hold off actual default |
| 0:41.7 | until maybe June. |
| 0:45.3 | I'm not gonna talk about that so much, |
| 0:47.2 | but I do wanna talk about one effect |
| 0:49.5 | that this could have on something a lot of us care about, |
| 0:52.0 | which is the housing market. |
| 0:54.2 | Because mortgage rates have been falling recently. |
... |
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