Slate Money - Markets Will Be Markets
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3.9 • 1.1K Ratings
🗓️ 5 July 2025
⏱️ 49 minutes
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Summary
This week: The US stock market has reached a new all time high. Felix Salmon, Emily Peck and Elizabeth Spiers are joined once again by investments expert Barry Ritholtz who talked us through the market turmoil of Trump’s tariff spree back in April. Barry helps the hosts break down the behavior of the markets right now, examine the historical context of record breaking highs, and theorize why the price of the US dollar is still falling.
In the Slate Plus episode: Should we just let kids have the summer to rot?
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Podcast production by Jessamine Molli and Cheyna Roth.
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Transcript
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| 0:00.0 | Hello! |
| 0:11.8 | Welcome to Sleep Money, your guide to the business and finance news of the week. |
| 0:18.0 | I'm Felix Salmon. |
| 0:19.1 | I'm here with Elizabeth Spires. |
| 0:20.5 | It's in New York Times. Hello. I'm here with Emily Peck of Ax week. I'm Felix Salmon. I'm here with Elizabeth Spires at the New York Times. |
| 0:21.5 | Hello. I'm here with Emily Peck of Axios. Hello. |
| 0:25.8 | Happy 4th of July weekend. We are out lotting in the backyard. We have a whole slate plus |
| 0:31.7 | segment about whether kids to just rot away during the summer or whether we need to find |
| 0:35.6 | things for them to do. But also, happy |
| 0:38.7 | 4th of July because the stock market is at record highs. And so because the stock market is at |
| 0:43.4 | record highs, we have invited back the one and only Barry Rittles. Hi, Barry. Hey, Felix. Barry, |
| 0:49.3 | you were on a few months ago when things look very bad, stock market wise. Things now look much better |
| 0:55.4 | stock market wise. We're going to ask what has changed. We're going to ask whether all-time |
| 1:00.6 | highs or a bullish signal or a bearish signal. We're going to talk about the dollar. We're |
| 1:05.0 | going to talk about investment philosophies. And we are going to have a much happier time of things this time than last time |
| 1:12.8 | because when the stock market is up that just makes people for cheerful. So stay tuned for a |
| 1:18.2 | cheerful episode of Slate Money. It's all coming up. |
| 1:35.3 | Okay, so Barry, last time you came on this show, we were wailing and gnashing our teeth and bemoaning the woful state of the stock market. Fast forward just a couple months and new |
| 1:42.3 | all-time highs and all is for the best and the best of all possible worlds. And we can all just relax now, right? |
| 1:49.7 | Very panglossian reversal of you. |
| 1:52.4 | Exactly. |
| 1:53.4 | Candide, it is the best of all possible worlds. Look, you know, we're human. Everybody is human. |
... |
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