David and Helen talk to Adam Tooze about what we know about the crisis that we didn't know a month ago, and what we still don't have much of a clue about. From fights inside the French government to the fate of the planet, from shale gas to corona bonds, we try to join up the dots. Plus a small update recorded after news of the oil price-drop. Read 'Shockwave' by Adam Tooze in the LRB https://www.lrb.co.uk/the-paper/v42/n08/adam-tooze/shockwave.
Talking Points:
The dominant reality is the scale of the unemployment rate, especially in the U.S.
The Fed’s initial policy response was a failure: they didn’t stabilize share and bond markets. But it has now, at least in part, succeeded.
The Fed’s ability to act in certain ways has depended on congressional cooperation.
Is data the new oil?
Has anyone moved the dial on corona bonds?
Mentioned in this Episode:
Further Learning:
And as ever, recommended reading curated by our friends at the LRB can be found here: lrb.co.uk/talking
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