Predicting the financial crash
Witness History
BBC
4.5 • 1.6K Ratings
🗓️ 14 May 2019
⏱️ 12 minutes
🧾️ Download transcript
Summary
In the early 2000s, a handful of experts warned that the world was sleep-walking towards a financial crisis. Among them were South-African born political economist Ann Pettifor and the IMF's chief economist at the time, Raghu Rajan. But their warnings were ignored, and instead in 2008 the world plunged into the worst financial crash since the Great Depression, whose shadow still hangs over our politics. Louise Hidalgo has been talking to the Cassandras of the crash.
Picture: Traders at the New York Stock Exchange watch as the Dow Jones share index plunges following the collapse of Lehman Brothers in September 2008 (Credit: Spencer Platt/Getty Images)
Transcript
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| 0:00.0 | Choosing what to watch night after night the flicking through the endless |
| 0:06.8 | searching is a nightmare we want to help you on our brand new podcast off the |
| 0:11.8 | telly we share what we've been watching |
| 0:14.0 | Cladie Aide. |
| 0:16.0 | Load to games, loads of fun, loads of screaming. |
| 0:19.0 | Lovely. Off the telly with me Joanna Paige. |
| 0:21.0 | And me, Natalie Cassidy, so your evenings can be a little less |
| 0:24.9 | searching and a lot more watching listen on BBC sounds. Choosing what to |
| 0:32.1 | watch night after night the flicking through the endless |
| 0:36.5 | searching is a nightmare we want to help you on our brand new podcast off the |
| 0:41.5 | telly we share what we've been watching. |
| 0:43.7 | Cladie Aide! |
| 0:45.7 | Loads of games, loads of fun, loads of screaming. |
| 0:48.2 | Lovely. |
| 0:49.0 | Off the telly with me Joanna Paige. |
| 0:51.2 | And me, Natalie Cassidy, so your evenings can be a little less |
| 0:54.7 | searching and a lot more watching listen on BBC sounds. |
| 0:58.8 | Hi this is Kevin Fong, and the music you're listening to is by Hans Zimmer, who's composed |
| 1:07.7 | the theme for our new podcast, 13 Minutes to the Moon, which is available now. It's the definitive story of the Apollo |
| 1:14.8 | Moon Landings is told to me by some of the people who made it happen. That's |
| 1:19.2 | 13 minutes to the moon, a new podcast from the BBC World Service and I'll be back a little later to tell you |
| 1:26.3 | more about it. Hello and welcome to the Witness History Podcast here on the BBC World Service |
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