Introducing Stephanomics Season 2
Prognosis: Misconception
Bloomberg
4.1 • 838 Ratings
🗓️ 2 October 2019
⏱️ 3 minutes
🧾️ Download transcript
Summary
Stephanie Flanders, head of Bloomberg Economics, returns to bring you another season of on-the-ground insight into the forces driving global growth and jobs today. From the cosmetics maker in California grappling with Donald Trump's tariff war, to the coffee vendor in Argentina burdened by the nation's never-ending crises, Bloomberg's 130-plus economic reporters and economists around the world head into the field to tell these stories. Stephanomics will also look hard at the solutions, in the lead-up to Bloomberg’s second New Economy Forum in Beijing, where a select group of business leaders, politicians and thinkers will gather to chart a better course on trade, global governance, climate and more. Stephanomics will help lead the way for those debates not just with Bloomberg journalists but also discussion and analysis from world-renowned experts into the forces that are moving markets and reshaping the world. The new season of Stephanomics launches Oct. 3.
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Transcript
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| 0:00.0 | What could you do if your data was working for you and not against you? With Bloomberg delivering |
| 0:07.3 | enterprise data directly to your systems, you get easy access to the details you want, optimized for |
| 0:14.1 | higher level analysis, and financial data experts committed to helping you maximize your every move. |
| 0:24.0 | Our data is made for more, so you can show the world what you're made of. Visit Bloomberg.com slash enterprise data to learn more. |
| 0:32.1 | Hello, I'm Stephanie Flanders, head of Bloomberg Economics. Now, if you listen to the first series of Stefanomics, you'll know we don't think you can |
| 0:40.6 | understand what's happening in the global economy, just sitting behind a desk. |
| 0:44.5 | You have to go out in the field. |
| 0:46.6 | Maybe ask a small cosmetics manufacturer in California how President Trump's trade war |
| 0:52.5 | has affected her business. |
| 0:54.7 | Yeah, it's been very stressful because I plan for 25%, |
| 0:57.8 | but I didn't plan for an extra 10, which is totally cutting into my margins. |
| 1:01.9 | So it sucks. It's very disturbing. |
| 1:05.0 | Or go to Argentina to find out how a country gets permission from the International Monetary Fund |
| 1:10.0 | to restructure its debts |
| 1:11.5 | and impose capital controls. And what it's all meant for the price of a cup of coffee in |
| 1:16.9 | downtown Buenos Aires. One month ago, it was 72. Three weeks ago was 80. Two weeks ago, it's 90. |
| 1:27.2 | And possibly the next week is 100 pesos. |
| 1:29.8 | Or maybe Spain to think about what an economy looks like when the birth rate has fallen |
| 1:35.9 | through the floor. |
| 1:36.9 | Here it's very typical that you met people, even in your family or your friends, that has |
| 1:41.5 | zero or one children. It's not easy to find people with two or more children. |
| 1:47.3 | On season two of Stefanomics, we'll bring you all these stories and many more |
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