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Money Talks from The Economist

Money Talks: Goldilocks economy

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 21 January 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

America’s biggest banks posted record profits last week, despite falling interest rates. This week the attention turns to smaller lenders. Why might they not do so well? Also, why precious metals rhodium and palladium make gold look cheap. And, ganbei! The world’s biggest alcoholic-drinks company, finding success in doing everything… wrong. Simon Long hosts 


 

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Transcript

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0:00.0

They're not authors, but they help you shape your financial story.

0:04.0

They're not an airline, but they connect global businesses across nearly 160 local markets.

0:10.0

They're not interpreters that they listen to and understand their client's needs.

0:14.8

With global expertise and over two centuries of experience, Citi provides tools, insights and

0:20.8

guidance that helps clients thrive.

0:23.0

They're not just any bank, they are city.

0:26.0

Learn more at city.com slash we are city. City.

0:37.0

Hello, you're listening to Money Talks on Economist Radio, our weekly podcast on Business and the Markets.

0:44.4

I'm Simon Long, an editor here at The Economist.

0:49.6

And coming up on today's show, What does a strong result season for America's banks say about

0:56.1

the economy as a whole?

0:58.6

Forget diamonds, why Rhodium has become an investor's best friend and how the world's biggest

1:04.8

alcoholic drinks company is finding success in doing everything wrong. But first, it's results time for America's Banks, which have been publishing their fourth quarter reports.

1:25.7

Despite the Fed's decision to cut interest rates not once but three times,

1:30.4

the results of the big banks that have already reported look remarkably strong.

1:35.0

Will the smaller ones fare as well?

1:37.0

Alice Fullwood is the economist's finance correspondent.

1:40.0

And Alice, I mean, they were pretty remarkable some of these numbers, weren't they?

1:44.0

I mean, $36 billion a year in profits for J.P. Morgan Chase.

1:49.0

How surprising was all this?

1:50.0

J.P. Morgan did particularly well.

1:52.0

This is the sort of biggest profit number ever and in general the sort of

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