Money Talks: The madness of crowds
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 15 December 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
A volatile world begets volatile financial markets. Does this explain investor enthusiasm for tech stocks and IPOs—or is something else afoot? Also, Michael O’Leary, the boss of Europe’s largest airline Ryanair, reads the skies ahead. And, the little-known history of working from home: even in the 18th and 19th centuries it had its advantages. Patrick Lane hosts
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Transcript
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| 0:00.0 | Are you receiving tax credits? |
| 0:02.0 | If so, this message is for you. |
| 0:04.5 | Tax credits are coming to an end, |
| 0:06.3 | and most people will be asked to apply for universal credits instead. |
| 0:10.0 | The Department for Work and Pensions is writing to Tax Credit claimants. |
| 0:14.0 | You won't be moved automatically, so look out for your letter explaining what you'll need to do and by when. |
| 0:19.0 | And there's also lots of support to help you make the move. |
| 0:22.0 | Get ready for your Universal Credit Switchover. |
| 0:25.2 | Search Understanding Universal Credit today. |
| 0:28.2 | Eligibility criteria apply. A volatile world begets volatile financial markets. Does this explain investors enthusiasm for |
| 0:41.7 | tech stocks and IPOs or is something else afoot. |
| 0:45.0 | We're listening to Money Talks on Economist Radio, our weekly podcast on the markets, the |
| 0:50.7 | economy and the world of business. |
| 0:53.6 | I'm Patrick Lane, and coming up on today's show, Michael O'Leary, the |
| 0:57.8 | a bullient boss of Ryanair, Europe's biggest airline, on how he reads the skies ahead. |
| 1:03.2 | The theme of our advertising is vaccines are coming book now for Easter and for summer 2021. |
| 1:08.2 | And working from home had its advantages even in the 18th and 19th centuries. |
| 1:14.1 | Monday spun doubled and twisted 10 knots stocking yarn. |
| 1:18.6 | The emergence of capitalism quite simply took place in people's homes. |
| 1:27.0 | First, even before the pandemic, |
| 1:30.0 | financial markets weren't always easy to understand, but most of the time you could point more or less straightforwardly to cause and effect. |
| 1:38.0 | The stock market would bid up the share price of a firm that announced unexpectedly juicy profits. |
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