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monetary_policy
Explore "monetary_policy" with insightful episodes like "TIP624: Studying Financial History w/ Clay Finck", "Japan's Lost Decades", "Where did the recession go?", "Bloomberg Daybreak Weekend: Banks, Congress, Tesla, UK" and "Two Indicators: Inside the Fed, then and now" from podcasts like ""We Study Billionaires - The Investor’s Podcast Network", "Planet Money", "Today, Explained", "Bloomberg Daybreak: US Edition" and "Planet Money"" and more!
Episodes (11)
Japan's Lost Decades
Back in the 1980s, Japan performed something of an economic miracle. It transformed itself into the number two economy in the world. From Walkmans to Toyotas, the U.S. was awash in Japanese imports. And Japanese companies went on a spending spree. Sony bought up Columbia Pictures. Mitsubishi became the new majority owners of Rockefeller Center.
But in the early 1990s, it all came to a sudden halt. Japan went from being one of the fastest growing countries in the world to one of the slowest. And this economic stagnation went on and on and on. For decades.
On this episode, the unnerving story of Japan's Lost Decades: How did one of the most advanced economies in the world just fall down one day — and not be able to get up? Japan's predicament changed our understanding of what can go wrong in a modern economy. And gave us some new tools to try and deal with it.
This episode was hosted by Jeff Guo. It was produced by Emma Peaslee and engineered by Cena Loffredo. It was edited by Molly Messick. Alex Goldmark is Planet Money's executive producer.
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Where did the recession go?
Bloomberg Daybreak Weekend: Banks, Congress, Tesla, UK
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including an expected fresh flood of bank earnings, the UK economy, lawmakers return to Capitol Hill amid some fireworks, and Tesla’s coming earnings and its challenges in China.
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Two Indicators: Inside the Fed, then and now
Often, we remember them just for their economic decisions. But today, we're airing two episodes from our daily economics show The Indicator that profile the people inside the Fed. First, we're heading back to the 1970s to revisit Arthur Burns' oft-criticized stint as Fed chair. Next, we have a conversation with Mary Daly, the current president of the San Francisco Fed, about her remarkable path from high school dropout to one of the most important economic voices in the nation.
These two Indicator episodes were originally produced by Viet Le and Brittany Cronin. They were fact-checked by Sierra Juarez and Dylan Sloan and edited by Kate Concannon. The Planet Money version was produced by Dylan Sloan, engineered by Josh Newell and edited by Dave Blanchard.
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Listener Questions: Airline tickets, grocery pricing and the Fed
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TIP498: Ray Dalio's Book - Big Debt Crises & How the Economic Machine Works
What you need to know about gilts and why markets freaked out so much it toppled the Chancellor
Government bond yields only tend to break through into the mainstream when things aren’t going well and they have been firmly in the spotlight since Kwasi Kwarteng’s ill-fated mini-budget.
But what is a gilt, why does its yield matter, what’s that got to do with prices and why do we worry about such things?
On this podcast, Georgie Frost, Lee Boyce and Simon Lambert, take a step back from the maelstrom to explain gilts, why investors worry about government bonds, what’s causing ructions in the pensions industry and what this all means for normal people.
Chancellor Kwarteng has now departed – in fact, news of his imminent exit from the job while the team were recording the podcast, triggering a breaking news style interruption – but will Chancellor Jeremy Hunt fare any better (and last longer)?
The team discuss why the mortgage market is key to the answer to that and also look at what first-time buyers should do in this scenario.
There are some for whom the current rapid rate rises aren’t bad news though and that is savers. We now have a top savings rate above 5 per cent for the first time in many years, but is it worth taking?
It requires locking in for five years, but that’s the sort of return knocking on what could reasonably be expected from the stock market, where you also have to take the risk of losing money.
And finally, investors are hunkering down at the moment, but when share prices fall the stock market is on sale – and if you look at some investment trusts there is a double sale going on, as discounts have widened to 13 per cent on average.
Should you be greedy when others are fearful, as Warren Buffett is often quoted as saying, or exercise some caution rather than having your head turned by knockdown prices?
Inflation Lessons From the 1970s
With prices on the rise in the U.S. economy, the Federal Reserve is expected to announce on Wednesday an increase in interest rates, essentially pouring a cold glass of water on the economy.
Why would the central bank do that? The answer lies in the inflation crisis of the 1970s, when a failure to react quickly enough still looms large in the memory.
Guest: Jeanna Smialek, a reporter covering the Federal Reserve and the economy for The New York Times.
Have you lost a loved one during the pandemic? The Daily is working on a special episode memorializing those we have lost to the coronavirus. If you would like to share their name on the episode, please RECORD A VOICE MEMO and send it to us at thedaily@nytimes.com. You can find more information and specific instructions here.
Background reading:
- The Federal Reserve is facing the fastest inflation most Americans have ever seen. The response may require some aggressive — and painful — measures.
- What is inflation, why is it up, and whom does it hurt? Here’s what to know.
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For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
409. The Side Effects of Social Distancing
In just a few weeks, the novel coronavirus has undone a century’s worth of our economic and social habits. What consequences will this have on our future — and is there a silver lining in this very black pandemic cloud?