Slate Money - The Liquidity Edition
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 15 April 2017
⏱️ 47 minutes
🧾️ Download transcript
Summary
Felix Salmon of Fusion, Slate Moneybox columnist Jordan Weissmann, and emerging-markets expert Anna Szymanski, discuss:South Africa’s credit rating downgrade to junk status.How markets aren’t responding predictably to recent economic events.Minneapolis Fed president Neel Kashkari’s beef with JPMorgan CEO Jamie Dimon over how to prevent another banking crisis.
Check out other Panoply podcasts at megaphone.fm.
Email: slatemoney@slate.com
Twitter: @felixsalmon, @JHWeissmann, @Three_Guineas
Production by Zachary Dinerstein.
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Transcript
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| 0:00.0 | The following podcast contains explicit language. |
| 0:05.0 | Hello and welcome to the liquidity edition of Slate Money. |
| 0:13.0 | Your guide to the business and finance news of the week. |
| 0:17.0 | It's Bank Earnings Week this week, and we are going to be talking all about banks and their |
| 0:24.3 | total loss-absorbing capacity, because that's how we nerd. This is Jordan's, he's been waiting |
| 0:31.9 | for this for three years. He's been waiting for the opportunity to try and explain what the |
| 0:37.3 | difference is between tier one and tier 2 capital in words of one syllable. |
| 0:40.3 | This is 100% false. |
| 0:42.9 | I'm going to do my absolute best to avoid all of those words. |
| 0:46.4 | Not one of them. |
| 0:47.8 | Deposites, loans? |
| 0:48.7 | No, none of those words. |
| 0:49.9 | They're the worst words. |
| 0:50.9 | Anyway, hi. |
| 0:51.3 | This is a little quiz. |
| 0:54.5 | Yeah, if you can, if you can, if you know what Basel 3 is, then you will pass the quiz. |
| 1:01.0 | If you don't know what Basel 3 is, here's a little quiz for you. |
| 1:04.3 | If you have money in the bank, if you have $1,000 in the bank, is that $1,000 |
| 1:09.5 | the bank's assets or the bank's |
| 1:12.8 | liabilities we will answer that question later on in the show that's quite the teaser we're |
| 1:19.6 | really people we just lost literally 20,000 listeners they're going to go listen to how exciting this |
| 1:25.8 | show is going to be there we are going to have a more exciting show than that we're going to go listen to... That's how exciting this show is going to be. No, we are going to have a more exciting show than that. |
... |
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