On this week’s episode, we ask whether there’s such thing as a good financial crash. We also look at the reality of the housing crisis and the ethics of dwarfs in the entertainment industry.
First, with the Dow Jones taking a tumble at the end of last week, market watchers were on high alert for signs of another financial crash. In this week’s magazine, Liam Halligan looks at the state of the stock market and asks: could a coming crisis could spell the end of the easy-money era? He joined the podcast to look at the behaviour of global markets at a volatile moment, along with economist and author, George Magnus. As Liam writes:
“This was not really a crash: markets worldwide are still far higher than they were two months ago. The dip on Tuesday was as nothing compared with Black Monday in 1987, when the Dow lost a quarter of its value in a few days.
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