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Money Talks from The Economist

Money talks: When the growing gets tough

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 9 July 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

America’s economy has been expanding for 121 months in a row—unemployment is low and the stock market has soared. But how long can this last? History suggests a painful recession might be around the corner. Nobel prizewinner and economics professor Joseph Stiglitz tells us capitalism is broken. And, what is an economist's secret to affordable tickets to Wimbledon? Rachana Shanbhogue 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. Hello, you're listening to Money Talks, and I'm Rachna Scharnbogue, the European Economics Correspondent

0:47.8

here at The Economist.

0:50.1

Coming up on today's show, the US economy, sluggish, stretched, and another S, Professor Joseph Stiglitz

0:58.8

on those not enjoying the sustained period of growth.

1:02.4

Many must think about the advantages of drawing upon a global economy,

1:07.0

but if you don't manage it, well, those are the middle of the bottom on skilled workers

1:12.0

are going to be worse off.

1:13.0

And the economics of getting your hands on a pair of Wimbledon tickets.

1:18.0

For five or ten pounds you can pick up a centre court or a point number one tickets at 5 p.m and if the matches are

1:24.0

close and they're going late then you can end up seeing hours of tennis for very little

1:27.8

time and money which is great.

1:31.3

First First, America's expansion is now a record 121 months long.

1:39.2

Unemployment is at a 50-year low and equity markets at an all-time high.

...

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