4.4 • 4.9K Ratings
🗓️ 17 March 2020
⏱️ 26 minutes
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America’s Federal Reserve cut interest rates to close to zero to try to ease the economic pain caused by the outbreak of covid-19. What more can central banks do? And, why are many companies fleeing to cash? As consumers race to buy pasta and toilet rolls, what are governments shopping for? Simon Long hosts
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0:00.0 | Games, stories or cartoons, whatever they love, guide your child to the right apps for them. |
0:05.6 | Google's family link lets you block or approve their app downloads, |
0:09.1 | helping you find a healthier balance for your family online. |
0:12.5 | Download the Google Family link app today. |
0:23.6 | It's beginning to feel like 2008 all over again, |
0:27.6 | with financial markets and freefall and economies collapsing. |
0:33.4 | Like epidemiologists, financial policy makers, not known for their spontaneity, |
0:38.3 | are struggling to get ahead of the curve with emergency measures to stem the crisis. |
0:43.1 | But might be in fact provoking just the panic they're trying to avoid. |
0:48.4 | Hello, you're listening to Money Talks on Economist Radio. |
0:51.7 | I'm Simon Long and editor of the Economist. |
0:55.0 | America's Federal Reserve has cut interest rates to close to zero |
0:58.7 | as part of drastic measures to soften the blow of Covid-19. |
1:02.8 | But what more, consensual bankers do? |
1:05.7 | And why some companies are responding by clinging to cash? |
1:09.9 | Plus, it's not just people that governments want to stay at home, |
1:13.1 | they're stopping companies exporting medical supplies. |
1:16.1 | Why that may not be a good idea. |
1:25.2 | Around the world, the reality of the Covid-19 outbreak is beginning to sink in. |
1:33.6 | There are now over 180,000 cases globally, and it's been the cause of a |
1:38.2 | torrid few weeks in the stock markets with jaw-dropping falls. |
1:43.9 | In response, central banks have stepped in. |
... |
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