Has Wall Street Completely Lost Its Mind?

The New Abnormal

The Daily Beast

News & Politics

4.6 • 7.9K Ratings

🗓️ 27 April 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fast-falling apps, valued at billions of dollars. Governments printing up untold trillions in debt, just so they can buy it up themselves. Bitcoin knock-offs, soaring. Literal shell companies, all the rage. Has Wall Street (and the whole damn financial sector) lost its collective marbles?

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Transcript

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0:00.0	Hi, I'm Molly Johnfast and welcome to the Daily Beast's Venue Abnormal. I'm
0:05.7	a left-wing pendant and an editor at large at the Daily Beast. We're here to
0:10.5	have fun, sharp conversations with some of the smartest people in media,
0:15.6	politics, and science that help make what's happening in the country and the
0:20.2	world clearer. Our world has been turned upside down. On the new abnormal we'll
0:26.0	talk about the people who got us into this mess and figure out how we get
0:30.4	ourselves out of it. And I'm producer Jesse Cannon and I'm here to make sure
0:34.1	everything doesn't go too far off the rails while we have fun discussions about
0:38.5	our world gone mad. And why I take that duty seriously, ourselves, not so much.
0:43.9	Today we have a jam-packed episode with Mondare Jones, one of the first openly
0:49.0	gay African-American congressmen who's in his first term serving New York
0:52.9	17th District. And then we'll have Dr. Peter Hotez, who's a vaccine scientist and
0:58.7	anti-science combatant, unautocuous about the latest in vaccine distribution.
1:02.8	But first we have New York Times columnist and Squawk Box co-host Andrew
1:07.1	Ross Sorkin. Welcome Andrew Ross Sorkin to the new abnormal. Thank you for
1:11.2	having me. I feel abnormal right now. Me too, man. I am very excited to get to
1:17.0	talk to you. I feel like the last time I got to talk about inflation was with Paul
1:22.0	Krugman and it was many months ago. I mostly only ever talk about diseases now,
1:26.9	which I also quite enjoy as a hypokontriac. I'm on to. So if you want to talk
1:31.2	about that, I'm open to it. Plus parkourument is much smarter than I am. So you know,
1:35.7	I don't know that that's true just because he has a you know, the thing is once you get
1:39.6	that Pulitzer, his is a no-bow. He has a Nobel Anapollitzer. So let's just let's
	...

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