meta_pixel
Tapesearch Logo
Log in
Money Talks from The Economist

Money Talks: A plague, but not on houses

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 29 September 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

What is driving the global boom in house prices during the pandemic? Also, American fintech firms have long distanced themselves from traditional banking—so why are some now angling to become banks themselves? And, reflections on the life of Donald Kendall, the legendary PepsiCo boss who sparked the most epic battle in American marketing. Simon Long hosts.


Please subscribe to The Economist for full access to print, digital and audio editions:

www.economist.com/podcastoffer



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

Transcript

Click on a timestamp to play from that location

0:00.0

Despite the pandemic, house prices across the world are soaring.

0:07.0

What's driving this boom from the blue and how long can it last?

0:11.0

You're listening to money Talks on Economist Radio, our weekly

0:15.1

podcast on the markets, the economy and the world of business. I'm Simon

0:20.3

Long, an editor at The Economist and coming up on today's show.

0:25.2

With sleek apps, cool ads and low fees, FinTechs have done their best to distance themselves

0:31.3

from the state old world of banking.

0:33.7

So why are some now jumping through hoops

0:35.8

to become banks themselves?

0:38.1

The head of the OCC is saying,

0:40.7

you know, come on in that the water is fine to all of these FinTech banks suggesting

0:45.0

that he's quite keen to embrace these new business models.

0:49.6

And in the 1980s, the Fizzy drinks business was at its most sparkling. We reflect on the life of Donald Kendall, the legendary CEO who set off the COLA Wars.

1:00.0

In one corner, call it the red corner, we had the veteran champion, Coca-Cola, and in the blue

1:06.6

corner we had the underdog, Pepsi, became a cultural phenomena. First, in the global recession a decade ago, average house prices across the world fell by over 10% in real terms.

1:26.7

In March this year as the economic impact of the pandemic began to bite,

1:31.6

economists, investors and homeowners once again braced for the worst.

1:37.1

But things have turned out rather differently.

1:40.3

First though, to house prices and how remarkably healthy those prices are in these

1:45.8

pandemics. Home sales across the US are on the rise as viral... Why are a real estate

1:49.9

prices dropping? The world's largest single asset class is booming.

1:55.5

Against all expectations really, the global housing market has continued the strength that it saw in

...

Please login to see the full transcript.

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

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

Copyright © Tapesearch 2026.