The Economic Chickens Come Home to Roost

The Commentary Magazine Podcast

Commentary Magazine

News Commentary, Politics, News

4.6 • 4.5K Ratings

🗓️ 19 May 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

The podcast today regards the coming of the bear market and the increasing signs of economic turmoil with horror and interest, wondering at their political effect. And we discuss disinformation and baby formula. Give a listen.

Transcript

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0:00.0	Welcome to the commentary magazine daily podcast today is Thursday, May 19, 2022.
0:29.7	I'm John Poghoritz, the editor of commentary magazine,
0:32.2	what's me is always executive editor,
0:33.8	a green walled hi-ape.
0:35.4	Hi, John.
0:36.4	Senior writer Christine Rosen, hi, Christine.
0:38.7	Hi, John.
0:39.6	And associate editor, Noah Rothman, hi, Noah.
0:41.9	Hi, John.
0:43.4	So let's just throw out some data points here.
0:47.2	The Dow Jones average is now maybe hours away
0:52.6	from declaring itself a bear market.
0:57.3	The market will soon be down 20% off its high,
1:02.1	which is sort of the unofficial way you say,
1:05.5	the market is now a bear market, and it's in full correction
1:08.7	mode.
1:10.0	That's data point number one.
1:11.6	Data point number two, we have analysts
1:15.5	saying that gas prices are going to reach $6 and maybe
1:21.3	more over the summer in the driving season.
1:25.0	And I think most striking is Muhammad Al Arian, who
1:29.4	was one of the geniuses behind Pymco,
	...

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