Slate Money - The Fallout Edition
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 9 July 2016
⏱️ 40 minutes
🧾️ Download transcript
Summary
On this episode of Slate Money, hosts Felix Salmon of Fusion, Cathy O’Neil of mathbabe.org,
and Slate’s Moneybox columnist Jordan Weissmann.
Topics discussed on today’s show include:
-UK Property funds are in trouble post-Brexit
-What it means for interest rates to be negative.
-Italian banks are in crisis.
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And by Open Account, a podcast that gets personal about making, losing, and living with money. Created by Umpqua Bank and hosted by SuChin Pak, download and subscribe to Open Account wherever you get your podcasts.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | The following podcast contains explicit language. |
| 0:07.7 | Hello, and welcome to the Brexit fallout edition of Slate Money, your guide to the business and finance news of the Brexit, because we had an entire Brexit edition |
| 0:22.2 | the day after Brexit happened, but frankly, there's just so much Brexiting going on. We need |
| 0:29.4 | to return to Brexit. And thank you for all of your emails about the various different |
| 0:36.1 | podcasts you listen to. I know it turns out that top of the emails about the various different podcasts you listen to. |
| 0:37.6 | I know it turns out that top of the list is the slate political gab fest. |
| 0:43.3 | Who do thunk? |
| 0:44.5 | So I guess you can all listen to the slate political gab fest for everything you need to know about Michael Gove and Nigel Farage and Andrea Ledsoom and all of these loathsome British politicians. |
| 0:58.5 | So we are going to stick to the financial repercussions of Brexit here because they are enormous and not necessarily or entirely confined to the UK. |
| 1:11.8 | We're going to talk about what's happening to the Italian banks. |
| 1:14.6 | They are looking shaky. |
| 1:16.6 | We are going to talk about interest rates all over the world in Switzerland and Japan, |
| 1:22.2 | which are going even more negative than they were before. |
| 1:26.6 | But first, oh wait, hang on a sec. |
| 1:30.3 | Who's we? |
| 1:31.4 | You never introduced us, really? |
| 1:33.0 | Who's we? |
| 1:34.1 | We is... |
| 1:35.2 | That's a question these days. |
| 1:36.2 | The standard... |
| 1:37.5 | Okay, so the first bit of good news is that Jordan Weissman, |
| 1:41.6 | this late money box columnist, has been let out of his cage where |
... |
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