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Welcome to It Could Happen here.

A podcast where the economy is falling apart a new and exciting ways faster than I can write about it.

I am your host, Mia Wong.

Welcome to what has turned into a kind of emergency is the economy collapsing episode. This episode was originally supposed to be about tariffs,

but while I was writing the tariff episode, a bunch of shit happened like we invaded Iran.

And Kospi, which is the leading Korean stock market index, had its largest single drop in its entire history, which triggered its circuit breaker.

Circuit breakers are a thing that stock markets have now where if the stock market collapses, like if it loses points too fast in a certain period of time, all trading will automatically stop for a bit. So it hits its circuit breaker.

The tie index also hits its circuit breaker. And then in the wee hours of sort of Monday morning

American time, I start seeing a bunch of people posting

that Cosby hit the circuit breaker. And I'm very confused because that happened on like Wednesday,

right? Like this already happened. No, no, no, no, no. Wrong. Wrong. Happened again. It's two circuit

breakers in like four sessions.

So this has turned into an unbelievable crisis.

Yeah, so we're going to get the tariff episode at some point talking about the Supreme Court tariff rulings and stuff like that.

That will happen.

There's a lot of interesting stuff there.

But right now we need to answer the question.

Is the economy about to collapse?

And tentatively, it has been held off at least for a little bit.

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