Is America the Next Big Short? With Michael Lewis

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 13 March 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In a week where the U.S. stock market has been rocked by recession fears and escalating trade tensions, we sit down with renowned author Michael Lewis, known for works like Liar's Poker, The Big Short, and Moneyball, to dissect the economic landscape. The S&P 500 plummeted 5.7%, marking its worst week since September, while the Nasdaq Composite saw a 4% drop, largely due to concerns over trade wars and slowing economic growth. Tesla's stock took a significant hit, falling 15% in a single day and marking a 50% decline from its all-time high in December. Michael Lewis shares his insights on how trust, or the lack thereof, shapes financial markets, especially under the unpredictable policies of the Trump administration. We delve into the psychology driving economic decisions and explore whether America's current trajectory mirrors the conditions that led to previous financial crises. So, is the U.S. economy teetering on the edge of another "big short"?

Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0	Imagine a world without borders, where money moves between countries fast and securely,
0:07.0	all without having to build or manage a complex infrastructure.
0:12.0	Introducing Visa Direct.
0:14.0	With Visa Direct, you can move money securely to and from 195 countries in 160 currencies.
0:23.4	Move money your way.
0:25.6	Learn more at visa.com slash visa direct.
0:29.6	How did the dog sneak out?
0:32.2	When did that parcel vanish?
0:34.5	Who was outside last night?
0:37.0	Arlo doesn't miss a thing.
0:39.2	From 4K cameras to powerful AI detection,
0:42.6	Arlo makes a watched over space, a safer space.
0:46.8	Arlo, 10 years of innovation in one powerful security system.
0:53.4	Save 20% on selected products with the code Arlo20 at Arlo.com.
0:59.1	Conditions apply.
1:02.5	To understand the economy, you have to understand human nature.
1:08.9	This podcast is powered by ACAST.
1:15.5	How are you doing there?
1:17.0	It is time for the podcast.
1:19.6	I can tell you we have a lovely conversation coming up for you between ourselves and
1:26.2	Michael Lewis, the brilliant American author,
1:29.8	the man behind Liars Poker, the big short money ball, also a man who wrote a fantastic book
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from David McWilliams, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of David McWilliams and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.