In past financial crises, central banks across the world developed a time-tested tool kit to rescue national economies. So why don’t previous interventions seem to be working this time? Guest: Peter S. Goodman, who writes about the economy for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily.
Background reading: The F ... Show More
Today
How Elon Musk Engineered the World’s Biggest I.P.O.
SpaceX, Elon Musk’s rocket and satellite maker, is set to go public and begin selling shares as soon as next week. Ryan Mac, who reports on business, explains the plan for the company’s expected record-shattering debut on the stock market, and how it is changing the rules for inv ... Show More
30m 37s
Yesterday
Inside Trump’s Mad Dash to Renovate Washington
In the lead-up to America’s 250th anniversary, President Trump is spending hundreds of millions of dollars on a major renovation of the nation’s capitol. David A. Fahrenthold, who has been investigating how the projects have come together, takes listeners on a walking tour of the ... Show More
36m 31s
May 31
Popcast: Olivia Rodrigo Tried Writing Love Songs. Then Life Got Messy.
Olivia Rodrigo sat down with Joe and Jon for her first in-depth conversation about her new album, “you seem pretty sad for a girl so in love,” out June 12. She discussed the many ways her creative process intersects with the extracurricular noise of pop superstardom, whether its ... Show More
1h 29m
Sep 2023
A huge debt crisis is coming
Around the world, debt is skyrocketing - and rising interest rates are making it unsustainable. In this first part, Ben Norton discusses the impending crisis in the United States, before explaining in part two how Wall Street traps the Global South in debt.
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33 m
Aug 2022
Why central banks are baffling investors
<p>The Federal Reserve has spent more than a decade buying up government debt as part of a post-2008 program to support the economy, also known as quantitative easing. Now with inflation reaching record highs, those days are over, and a new era of quantitative tightening is emerg ... Show More
17m 38s
Nov 2023
THIS Will Show You Where Interest Rates Are Going Next
<p>#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy <br>The mainstream emphasis on Treasury auctions is, like so many of these things, completely misplaced. It's not just misplaced, even the worst Treasury auctions don't actually matt ... Show More
18m 10s
Apr 2023
First Republic Teeters, Wages Rise
Federal regulators dissected Silicon Valley and Signature banks today, delivering post-mortems on last month’s banking crisis. But on Wall Street, the crisis is far from over, with shares of First Republic Bank plummeting amid fears it could go into receivership. CNN Political Di ... Show More
8m 57s
Mar 2023
What Does The Collapse of Silicon Valley Bank Mean For Your Money?
The biggest bank failure since the 2008 financial crisis is stoking fears of a larger financial meltdown across regional US banks. Silicon Valley Bank, a key lender for startups and the tech industry, collapsed last week. As regulators take over, many people around the country ar ... Show More
21m 31s
<p>Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for.</p><p><br></p><p>Read more:</p><p><br></p><p>In December, inflation hit a staggering 7 percent. ... Show More
