It's Not Panic, It's a Stampede: City Voices on The Market Selloff
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 16 June 2022
⏱️ 24 minutes
🧾️ Download transcript
Summary
Stocks, bonds and everything in between were hit hard this week as stubbornly high inflation ignited fears around aggressive monetary policy. The market moves, for some, resurfaced buried memories of the global financial crisis more than a decade ago. But for others--like the chief economist of UBS Global Wealth Management, Paul Donovan- it was a reminder that the market "is not listening to what is going on in the economy and instead getting caught up in its own narrative."
Speaking to David Merritt and Francine Lacqua, Donovan offers a City view on the market selloff, and he debates the cause of inflation with Markets Live blogger Lorcan Roche Kelly.
Plus: Bloomberg Opinion columnist Marcus Ashworth gives historical context by sharing the story of his first day in the dealing room on Black Monday back in 1987.
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You can get the news whenever you want it with Bloomberg News Now. I'm Amy Morris. And I'm Karen |
| 0:06.3 | Moscow here to tell you about our new on-demand news report delivered right to your podcast feed. |
| 0:12.4 | Bloomberg News Now is a short five-minute audio report on the day's top stories. Episodes are |
| 0:17.9 | published throughout the day with the latest information and data to keep you informed. |
| 0:22.4 | Yes, there are other products like this from a variety of news organizations, but they usually |
| 0:27.9 | rerun their radio newscasts throughout the day. That's not what we do. We create customized |
| 0:33.8 | episodes that can only be heard on Bloomberg News Now. |
| 0:39.6 | And we don't wait an hour to publish breaking news. |
| 0:43.5 | When news breaks, we'll have an episode up in your podcast feed within minutes. So you're always getting the latest stories and developments. |
| 0:46.9 | Get the reporting and the context from Bloomberg's 3,000 journalists and analysts |
| 0:51.4 | we're all over the world. |
| 0:53.0 | Listen to the latest from Bloomberg News |
| 0:54.9 | now on Apple, Spotify, or anywhere you listen. People have had a career that hasn't seen |
| 1:00.3 | inflation. And I think there is a bit of nerves that if we get this wrong, is this going to be |
| 1:04.8 | 2008 again? I don't think people are worried about seeing a repeat of the financial crisis, |
| 1:08.8 | but there is a kind of a whiff of, I'm not |
| 1:11.7 | quite sure what to do here. |
| 1:16.9 | I'm Francine Lacquhar. |
| 1:18.2 | And I'm David Merritt. |
| 1:19.3 | And this is in the city Bloomberg's podcast that connects you to the stories at the heart |
| 1:23.8 | of the city of London. |
| 1:25.1 | And this week, the city is being rocked by the turbulent markets. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.