Running a small business during a global pandemic
The Story of Money
Manuela Saragosa
4.4 • 400 Ratings
🗓️ 14 April 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
Mauren Pereira's drapery business was on track for its most financially successful year to date. That was until the coronavirus outbreak reached Virginia. Behind the Money reports on how one small business owner is navigating the current economic crisis. With Brendan Greeley, US economics editor for the Financial Times.
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Transcript
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| 0:00.0 | Am I missing anything? Is this the right decision? |
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| 0:30.4 | Back in January, Brendan Greeley, |
| 0:32.2 | who covers the US economy for the Financial Times, was in San Diego. |
| 0:36.0 | He was there for the annual meeting of the American Economic Association. |
| 0:40.0 | And I went to a panel that featured Janet Yellen, former Fed Share, a couple of other important smart people. |
| 0:46.0 | And at the time, things were great. |
| 0:48.0 | We were, I guess, in January at 3.6% unemployment, then in February it went back down to 3.5%. They all said the same thing which is that |
| 0:56.0 | we have to have automatic stabilizers in place before the next recession. |
| 1:03.0 | How aggressively can fiscal policy be deployed, given the risks associated with a build-up in government debt? |
| 1:10.0 | A conservative suggestion relevant for the U.S. is to strengthen the automatic |
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