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Stephanomics

Bloomberg News

Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.

Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.

Location:

United States

Description:

Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.

Twitter:

@bloomberg

Language:

English


Episodes

Will Ferdinand Marcos Jr. Revive the Sins of His Father?

5/12/2022
The old axiom about the sins of the father being visited upon their children got a shocking rebuttal this week, when Ferdinand Marcos Jr. won a landslide victory in the Philippines's presidential election. Whether Marcos will embrace progressive economic and social values or take after his father, the late dictator and kleptocrat Ferdinand Marcos, is anyone's guess. Singapore-based Bloomberg Opinion columnist Daniel Moss explains how the younger Marcos deftly sidestepped press interviews and...

Duration:00:32:37

Higher Inflation, Rates Will Stick Around as Economies Go Green

5/6/2022
Persistently higher inflation and interest rates are probably in the offing as the world transitions to a greener economy. That’s hardly a selling point for politicians pushing climate-friendly policies, but it’s one they’ll have to cozy up to, says Isabel Schnabel, an executive board member of the European Central Bank. Unfortunately, she adds, before politicians will show enough urgency toward the threat of global warming, “it really seems that bad things have to happen.” On this week’s...

Duration:00:43:02

The Looming Debt Crisis About to Make Everything Worse

4/28/2022
It’s hard to imagine a more chaotic world than the one we’re in right now—what with Russia’s war on Ukraine, a Covid-19 pandemic that won’t quit and the lockdowns spreading across China as a result. Now, add to the mix a debt crisis that’s threatening to cripple emerging markets. In the words of a former International Monetary Fund official earlier this month, “We can see this train wreck coming towards us.” Washington-based reporter Eric Martin explores a burgeoning economic crisis in the...

Duration:00:21:17

Central Banks Wrestle With the Crypto Conundrum

4/21/2022
When visiting El Salvador, be sure to bring sunscreen, a long-lens camera to memorialize its bountiful biodiversity and … Bitcoin. But have some U.S. dollars on hand just in case local merchants don’t accept it. On this week’s episode, we dive into the disparate ways in which global leaders approach digital currencies, from the Salvadoran embrace to the tentative exploration by central banks. Tiny El Salvador, population 6.5 million, was the first country to make Bitcoin legal tender,...

Duration:00:33:58

Summers Predicts U.S. Recession More Likely Than a Soft Landing

4/14/2022
Last year, Larry Summers famously shot down one of the Federal Reserve's favorite buzzwords, "transitory." This year, he's taking aim at "soft landing." The Harvard University professor, former Treasury secretary and paid Bloomberg contributor says a combination of high inflation and low unemployment historically has spawned a recession. So, he's skeptical that the Fed can chart a path that will see the country out of its inflationary funk without causing an economic downturn. Once again,...

Duration:00:33:19

What's the Biggest Economic Peril? It Depends on Where You Live

4/7/2022
We may live in a global economy, but beyond the war in Ukraine, what's front-of-mind for policymakers in the U.S., Europe and China is very different. For China it’s Covid-19; for Europe, it’s the price of energy; and for the U.S., it's inflation. In the first episode of the new season, Stephanie Flanders takes us on a tour of the world economy, opening a window on the top concerns in all three regions. Bloomberg Chief Economist Tom Orlik reveals what’s behind his growth forecasts and how...

Duration:00:39:30

Are Price-Gouging Consumer Giants to Blame for High Inflation?

1/27/2022
With his poll numbers falling, U.S. President Joe Biden is under pressure to do something—anything—to get inflation under control. That’s led his administration to scrutinize the prices you pay at the grocery store, even if some critics argue alleged price-gouging by consumer products giants is a convenient bogeyman. This week’s episode dives into the debate around corporate consolidation and whether it’s giving too much power to those companies. First, Bloomberg editor Molly Smith visits a...

Duration:00:30:56

Why the Fed Must Move Fast to Tame Inflation

1/20/2022
When facing an economic crisis, the Fed's playbook normally skews toward juicing the economy too much rather than too little. After all, in the last go-round in 2007, being too stingy might have helped trigger a depression. Fifteen years later though, America's central bankers face the opposite problem: they need to move fast to cool inflation. That's one of the takeaways from a panel discussion among economists this week, moderated by Stephanie. With U.S. inflation at 7%, the Fed needs to...

Duration:00:33:43

Finance Minister Le Maire Explains the French Economic Comeback

1/13/2022
Closed schools. Empty shelves. Workers out sick. Almost two years after Covid-19 overturned the U.S. economy, "it's like deja vu all over again,'' in the words of baseball great and eminent wordsmith Yogi Berra. This week, we dive into how the omicron variant is likely to disrupt plans across America this winter. But we also explore how another country is bouncing back, as Stephanie chats with French Finance Minister Bruno Le Maire about his nation's robust economic comeback. But first,...

Duration:00:37:47

Economies Have Adapted to a World Where Covid Calls the Shots

1/6/2022
With shortages at the grocery store and not enough people willing to work, 2022 is starting to look a lot like 2020. But beneath the ugly exterior, the world's economies have learned to cope with Covid's fallout, and the supply chain debacle in particular. One country is even thriving. In the first episode of the new year, we offer two fairly optimistic assessments. Bloomberg Senior Editor Brendan Murray shares with Stephanie Flanders how companies are adapting to the fast-spreading omicron...

Duration:00:32:04

The Stephanomics Global Preview for 2022

12/30/2021
While still recovering from a coronavirus-induced recession, the U.S. may be rushing into a new downturn, this time thanks to inflation. Its economy faces no shortage of potential peril in 2022, Bloomberg chief economist Tom Orlik says, with the Federal Reserve looking set to raise interest rates to fight rising prices, and as Congress seems unlikely to pass any more big spending bills. That's one of the takeaways from the Stephanomics global preview of 2022, in which Stephanie and a panel...

Duration:00:45:33

Larry Summers Predicts the Future, and It Doesn't Look Good

12/23/2021
Economically at least, this holiday season feels a bit more like it belongs to Ebenezer Scrooge than Santa Claus. Amid a resurgent pandemic, there are shortages at the grocery store and the highest inflation in almost 40 years. So who better to sum up 2021 and forecast 2022 than Larry Summers, whose contrarian warnings about inflation have, at least at this point, largely proven accurate. On this special holiday edition of Stephanomics, the former U.S. Treasury Secretary shares with host...

Duration:00:29:52

Chinese Workers Are Saying Enough Is Enough, and Xi Is Not Amused

12/16/2021
The so-called great resignation that’s confounding businesses in the West has a counterpart in a most unlikely place: China. This week, we offer a double dose of China’s “lie flat” movement, which is challenging the nation’s historic industriousness, as well as a glimpse into how America’s massive pandemic bailout juiced spending, especially among historically disadvantaged groups. First, Hong Kong-based economics reporter Tom Hancock explains why many Chinese workers are suddenly whiling...

Duration:00:37:34

How Global Catastrophe Has Only Made Billionaires Richer

12/9/2021
It seems nothing can hurt the world's billionaires, not the worst pandemic in a century or a global recession. On this week's podcast, New York-based reporter Augusta Saraiva shares how the wealthiest only added to their fortunes as Covid-19 killed millions and flattened economies. Indeed, the super-rich accumulated $4.1 trillion just as 100 million of the planet's less fortunate fell into extreme poverty, according to estimates by the World Bank. Two years into the pandemic, some 2,750...

Duration:00:34:27

Inflation Poses a Growing Credibility Risk for Central Banks

12/2/2021
Initially, Jerome Powell said the highest inflation in decades was going to be "transitory." This week, the world's most powerful central banker said the nebulous term should be retired. Such is the high-stakes guessing game going on at the Federal Reserve and the world's central banks, which risk losing public confidence should inflation continue to prove less, well, transitory than expected. This week, Stephanie delves into the messaging strategies of both central bankers and American...

Duration:00:33:01

John Kerry Explains Why the Glasgow Climate Deal Matters

11/25/2021
This week we unpack two very different challenges facing global leaders: the climate crisis and domestic violence. First, U.S. Special Presidential Envoy for Climate John Kerry joins host Stephanie Flanders to share why he thinks the Glasgow Climate Pact is more than just words on paper. Among other achievements, Kerry notes that countries representing most of the world’s gross domestic product agreed to cut methane emissions by 30% this decade. Such cuts to this dangerous greenhouse gas (if...

Duration:00:35:05

Global Warming Is Pushing Humanity Toward Hunger. Can It Be Stopped?

11/19/2021
As if rising sea levels and fiercer cyclones weren't enough to worry about, the climate crisis is already cutting crop yields and could lead to widespread food shortages. That's the grave warning from the United Nations, which cautions that farmers won't meet a projected 50% increase in food demand by 2050 if greenhouse gas emissions stay high. In a special episode, Stephanie Flanders tackles how to feed almost 10 billion people, the projected population of the planet in three decades. She...

Duration:00:32:09

More Nations Bend to the Economic Cost of Covid Zero-Tolerance

11/17/2021
One by one, countries that sought to stamp out Covid-19's spread with aggressive lockdowns are giving up zero-tolerance policies and learning to live with the virus. The most notable exception is China, which has decided to cling to the strategy. This week, the new attitude among many nations toward the coronavirus is getting a major test in Singapore, host of Bloomberg's New Economy Forum. The city-state recently experienced its biggest flare-up of the pandemic. In a special episode,...

Duration:00:20:11

What’s Really Causing the Labor Shortage

11/11/2021
Robots may replace us eventually, but for now Covid-19 has revealed just how desperate businesses are for workers of the human variety, and the broader economic consequences of that desperation. Companies are raising wages to attract talent, which in turn is helping boost inflation. It hit 6.2% in the U.S. last month and is running at 8.1% in Russia. This week, Bloomberg reporters on two continents share how and why workers are slow to return to the office, factory and field. First, New...

Duration:00:32:11

Should Central Banks Be Responsible for Saving the World?

11/5/2021
As if controlling spiraling inflation wasn’t enough to worry about, the world’s central bankers are under increasing pressure to help solve climate change, income inequality and myriad other societal ills. What’s more, elected officials in some nations are trying to exert more power over bankers for political ends. Stephanie Flanders debates the proper role of a central banker with three esteemed women economists, Isabel Schnabel of the European Central Bank, Carmen Reinhart of the World...

Duration:00:34:44