Is a second Great Depression coming? Extended interview with economic historian Adam Tooze

GZERO World with Ian Bremmer

GZERO Media

International Relations, Government, Foreign Policy, Gzero World, News Commentary, Trump, News, Global Economy, Geopolitics, Politics, Ian Bremmer

4.6 • 684 Ratings

🗓️ 4 May 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

As unemployment rises and lockdowns threaten the existence of businesses here and around the world, it's time to ask the question: Is another depression a possibility, and what would that look like today? Ian Bremmer poses this question to leading economic historian and author Adam Tooze. The two discuss the strength of the US and global economies before and during the COVID-19 pandemic, and realistic timeframes for when the financial outlook will improve.

Transcript

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0:00.0	Hello and welcome to the GZero World Podcast.
0:05.0	Here you'll find extended versions of the interviews
0:08.0	for my show on public television.
0:10.0	I'm Ian Bremmer, and today is all about economies under quarantine.
0:15.0	Is it back to business as usual when they all come off life support?
0:19.0	What are the risks? What are the opportunities?
0:21.4	To help me sort it out is a very special guest financial historian Adam Too's, a man who uses
0:27.4	lessons from the past to help chart the world's economic future.
0:31.8	Let's begin.
0:42.3	This episode of the G0Zero World podcast was made possible by Linar,
0:45.3	America's largest and most innovative home builder and the number one destination for foreign residential real estate investment in the U.S.
0:50.4	Learn more at www.
0:52.4	www.
0:52.5	lanar g0.com.
0:55.8	That's L-E-N-N-A-R-G-Z-E-R-O.com.
1:09.3	Adam Tews.
1:10.5	Welcome to G-Z-R-ZER World. Thanks for joining.
1:11.9	Pleasure to be on the show.
1:13.3	So let me start with asking you as an economist, an economic historian, how bad is it?
1:22.7	It's looking really bad. I mean, one has a sort of professional skepticism about claims the novelty
1:27.2	as a historian.
1:29.0	But I think into the first or second week of this, we had to give those up. As soon as the
	...

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