Rises and false: markets v the economy
Economist Podcasts
The Economist
4.4 • 4.9K Ratings
🗓️ 8 May 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
How can stockmarkets be so healthy when many businesses are so unwell? We look at the many risks that are clearly not priced in. China’s documentary-makers are having to find clever ways to get past censors—which is why one famed filmmaker is just giving his work away online. And remembering a legendary rock-climber who always wanted to find a new way up.
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. |
| 0:07.0 | I'm your host, Jason Palmer. |
| 0:09.3 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:17.7 | China's documentary makers don't have it easy. |
| 0:20.9 | Sensors are clamping down more and more. |
| 0:23.2 | Without their OK, films go nowhere. |
| 0:26.4 | There's a bound of devious ways that documentaries are distributed, but one famous filmmaker |
| 0:31.1 | is simply giving his away online. |
| 0:34.9 | And during the week Joe Brown was a builder and plasterer. |
| 0:38.7 | That weekend he made himself an internationally renowned climber, tracing out new roots |
| 0:43.6 | to famous peaks. |
| 0:45.3 | Our obituaries editor looks back on a life lived at ever greater heights. |
| 0:49.9 | But first, yesterday for the seventh straight week, a record number of Americans filed for unemployment. |
| 1:03.6 | More than 33 million people have now applied for benefits since mid-March, totaling a fifth |
| 1:08.8 | of the workforce. |
| 1:09.9 | From coast to coast tonight, the faces of a deeply personal unemployment crisis. |
| 1:14.6 | All right, the breaking news, a record shattering. |
| 1:17.7 | 6.6 million Americans filed for unemployment. |
| 1:20.3 | Twenty-two and thirty-six thousand jobs were lost in the month of April. |
| 1:23.6 | All the bills are calming and they're calling me and it happened I'm wanting to pay for that. |
| 1:27.6 | But if you looked at the stock market, you could be forgiven for wondering if investors |
| 1:31.4 | have just missed the news. |
... |
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