Trans Atlantic 009 - Corona Catalyst: Bailout Redux & Financial Apocalypse
The greatest financial bailout in history is underway. 2008 on steroids. Catalysed by the Coronavirus. Stephen goes into a deep dive about how the US got here, how history seems to repeat itself and what could come next.
Show notes
“Trump’s coronavirus failures? Thank Ronald Reagan” by Naomi Oreskes & Erik M. Conway for The Los Angeles Times / Posted: April 9, 2020
“The state we’re in: will the pandemic revolutionise the role of government?” by Julian Borger for The Guardian / Posted: April 26, 2020
https://www.theguardian.com/us-news/2020/apr/26/government-state-role-pandemic-coronavirus
“Reagan Did It” by Paul Krugman for The New York Times / Posted: May 31, 2009
“Let’s put ‘Reaganomics’ to rest” by Brad Bannon for The Hill / Posted: April 6, 2020
https://thehill.com/opinion/white-house/491348-lets-put-reaganomics-to-rest
“Resetting the Bomb” by Matt Taibbi / Posted: April6, 2020
“The Fed Bailed Out the Investor Class without spending a Cent” by David Dayen for The Intercept / Posted: May 27, 2020
https://theintercept.com/2020/05/27/federal-reserve-corporate-debt-coronavirus/
“Some Companies Seeking Bailouts Had Piles of Cash, Then Spent It” by Emily Flitter & Peter Eavis for The New York Times / Posted April 24, 2020
https://www.nytimes.com/2020/04/24/business/coronavirus-bailouts-buybacks-cash.html
“The Stock Buyback Binge May Be Over. For Now” by Matt Phillips for The New York Times / Posted: March 24, 2020
https://www.nytimes.com/2020/03/24/business/coronavirus-stock-buybacks.html
“Debunking the Reagan Myth” by Paul Krugman for The New York Times / Posted: Jan 21, 2008