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Trading Perspectives: An Economic Podcast

Updated 2 months ago

Business
Investing
News
Politics
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Chief Economist, John Norris and Portfolio Manager, Sam Clement from Oakworth Capital Bank trade generational perspectives on politics, the stock market, and the different factors impacting economic activity across the globe. https://www.oakworthcapital.com/tradingperspectives@oakworthcapital.com

Read more

Chief Economist, John Norris and Portfolio Manager, Sam Clement from Oakworth Capital Bank trade generational perspectives on politics, the stock market, and the different factors impacting economic activity across the globe. https://www.oakworthcapital.com/tradingperspectives@oakworthcapital.com

iTunes Ratings

55 Ratings
Average Ratings
49
1
2
0
3

Awesome show!

By John Norris Fan - Aug 23 2018
Read more
Very informative and the hosts are highly educated in economics. I definitely enjoy listening!

Fan

By Oakworth Fan - Aug 20 2018
Read more
Topical and conversational

iTunes Ratings

55 Ratings
Average Ratings
49
1
2
0
3

Awesome show!

By John Norris Fan - Aug 23 2018
Read more
Very informative and the hosts are highly educated in economics. I definitely enjoy listening!

Fan

By Oakworth Fan - Aug 20 2018
Read more
Topical and conversational
Cover image of Trading Perspectives: An Economic Podcast

Trading Perspectives: An Economic Podcast

Latest release on Aug 05, 2020

Read more

Chief Economist, John Norris and Portfolio Manager, Sam Clement from Oakworth Capital Bank trade generational perspectives on politics, the stock market, and the different factors impacting economic activity across the globe. https://www.oakworthcapital.com/tradingperspectives@oakworthcapital.com

Rank #1: Universal Basic Income

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In episode 29 of Trading Perspectives, John and Sam talk about Universal Basic Income.  Universal = everyone. Basic = base or floor amount. Income = money from the government. As the name implies, UBI is a predetermined amount of money the government gives to each individual regardless of their ability or even willingness to work.  Who wouldn’t like that?

Mar 11 2019

18mins

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Rank #2: Pour Some Sugar On Me?

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In episode 3 of Trading Perspectives, John Norris and co-host Sam Clement discuss the taxes on unhealthy goods and services.  How much is too much and should the government be able to dictate the food we eat?  This episode dives deep into the sugary products that sin taxes are placed on (in addition to alcohol and tobacco) and just how beneficial these optional taxes are to the economy and the consumer. 

Aug 27 2018

19mins

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Rank #3: Why Nations Fail

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This week John and Sam focus on the book “Why Nations Fail” written by: Daron Acemoglu and James Robinson.  Originally published in 2012, the authors argue that the key differentiator between successful and unsuccessful countries is their inclusive institution, suggesting that countries fail when they become extractive and power becomes concentrated.

Mar 04 2019

22mins

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Rank #4: Climate Change

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This week John and Sam talk about the sacrifices they are willing to make when it comes to climate change.  With meat free items emerging in the fast food industry, investors responded well to the IPO from Beyond Meat, the plant-based meat provider, earlier this month.  Setting stock price aside, would you be willing to trade that Big Mac for the meatless alternative to support climate change?  What about air travel? If a high-speed rail was readily available, would you use it for recreational or business travel?  Nobody wants to see rivers on fire or trash piling up in the Pacific, but can we assume consumers will change their patterns voluntarily?

May 13 2019

21mins

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Rank #5: COVID-19

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After an awful week in the markets and the worst few days in DOW Jones history, John and Sam give an update on COVID-19 and how coronavirus fears are impacting the stock market.  How much longer will this continue?

Mar 02 2020

18mins

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Rank #6: Longer Term Interest Rates

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Longer-term interest rates have been going up, and that is a good thing? John and Sam discuss how lower rates were supposedly the cure for what ails us earlier in the year, and how that has changed in November. Perhaps there is some truth to the argument: “higher long-term interest rates are bad for asset prices except for when they aren’t.” They aren’t, or haven’t been, recently.  But why?

Nov 12 2019

16mins

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Rank #7: Bar-B-Que & Big Gulps

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Episode 4 of Trading Perspectives is the 2nd of our 2 part discussion on sin taxes.   John and Sam dive deeper into the sugary products discussed in episode 3 and just how much money they actually cost on annual basis. Sam provides statistics surrounding the amount of money the government spends on healthcare in relation to the sugary foods we consume daily.  Should we, as consumers, be dependent on the government to tell us when enough is enough?

Sep 03 2018

20mins

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Rank #8: Pot Stocks

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As legalization becomes more and more accepted in some states, many people are becoming interested in pot stocks.  In this week’s episode John and Sam discuss the likelihood of our nation’s overall acceptance of Marijuana.  Are pot stocks a good investment?  What is the difference between decriminalization and legalization?  Which one would have a larger effect on the economy?

Feb 19 2019

20mins

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Rank #9: Trump Trade War

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We can all agree that trade is good. More trade is better than no trade. In episode 9 of Trading Perspectives, John and Sam discuss the purpose of a trade war and the rising pressure Trump is putting on China after striking a deal with Mexico and Canada. How was the USMCA deal able to be completed while China continues to push back? Could China’s opposition be driven in part by ego or the opposition to fair trade? The trade war is expected to impact the US economy in 2019, just how detrimental will the impact be?

Oct 09 2018

20mins

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Rank #10: Coronavirus Chaos

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The markets didn’t respond well to the Federal rate cut on Sunday, schools are closing, major sporting events have been called off and toilet paper has become a hot commodity.  Small shifts in behaviors have multiplied and people are in a state of panic.  Realistically, we are probably looking at 2-3 weeks before COVID-19 really hits its peak in the US.  Is that enough to derail the economy or will it just postpone growth until things settle down?

Mar 17 2020

13mins

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Rank #11: More Money?

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In episode 16 of Trading Perspectives, John and Sam discuss raising minimum wage, a topic that has been debated for years. Based on recent studies by the US Census Bureau, many states have decided to pay a minimum wage of $15.00/hr instead of the federal rate of $7.25.  Would a higher minimum wage be good for the economy overall?

Nov 26 2018

19mins

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Rank #12: The Aging Workforce in America

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The average age of US citizens is rising.  In episode 5 of Trading Perspectives, Baby Boomer John Norris and co-host Sam Clement, Gen Z, discuss generational changes in the American workforce. In 1950 the economy had at it's disposal 8.1 people of working age for each person of retirement age. By 2030 that ratio is expected to have shrunk to just over 5.0.   In 1950 the average age of the American worker was 29.  Today it has risen to over 38.  The personal savings rate is half of what it was in the 60s and 70s. Even if the average retiree had ample savings to sustain him or herself, which is hardly the case, those trends could leave the economy struggling to find enough workers to support the population's demands for good and services by the time Millennials and Generation Z hit retirement age. 

Sep 10 2018

19mins

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Rank #13: The Effect of COVID-19 on Businesses

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As the COVID-19 pandemic sets in the United States, many businesses are being forced to close their doors.  How is the pandemic effecting the local pizzeria versus the Airlines?  Outside of grocery stores and pharmacies, what qualifies as an essential business and who decides which businesses are worthy of a bailout package?

Mar 24 2020

16mins

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Rank #14: COVID-19 and Regime Change?

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COVID-19 and regime change? It could happen, as the coronavirus spreads throughout densely populated emerging economies. Do they have the capacity to test and treat the infected? Are those governments telling the truth? Will the local populations demand change? Or will this pandemic be just another obstacle in an otherwise difficult life?

Apr 21 2020

17mins

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Rank #15: The US Labor Market

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Last week, the Bureau of Labor Statistics announced that the US economy created 128,000 new payroll jobs.  So far, the participation rate is the highest it’s been since 2013. However, people are still talking about a recession.  Should we be worried about a recession in 2020?  If so, what can we expect compared to 2008? What are the differences in the economy in 2008 and now?

Nov 04 2019

20mins

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Rank #16: Socialism: What is it and why are people for it?

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Socialism, a term with a historically negative connotation, has become somewhat of a buzzword lately as many democratic politicians consider themselves socialists.  So, what exactly is socialism?  Clearly Bernie Sanders, AOC, and Elizabeth Warren have a different view on socialism than those of the WW2 generation.  How do different generations feel about socialism and what makes it appealing to some people?  Should the US strive to emulate Europe?

Nov 18 2019

20mins

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Rank #17: Student Loan Forgiveness

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Student loan forgiveness could very well become a major part of the democratic platform in 2020. This week, John and Sam explain the scope of the problem behind student loan debt and how it came about.  Before we make a decision to eliminate student loan debt, we need to understand where we started and who is at fault for the student loan debt crisis. How are student loans effecting college tuition?  If student loan debt is eliminated, how would that impact education?

Jul 01 2019

22mins

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Rank #18: Negative Interest Rates in the United States

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Last week, former chairman of the Federal Reserve, Alan Greenspan, said that it’s only a matter of time before negative interest rates spread to the United States.  In this episode of Trading Perspectives John and Sam talk about why much of Europe has negative interest rates and what would need to change for that to happen here. If American risk tolerance were to change, could the US sustain negative interest rates?

Sep 09 2019

19mins

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Rank #19: The Gold Standard

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Last week, President Trump named Judy Shelton, a long-time advocate of the gold standard, as his latest pick for a seat on the Federal Reserve Board.  The US abandoned the gold standard in 1971 under the Nixon administration and many feel bringing it back would be devastating to the US economy.  On the flip side, some believe it would make the US dollar less susceptible to inflation.  With the US dollar being the primary form of currency, would returning to the gold standard be a good idea? 

Jul 08 2019

17mins

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Rank #20: High Income and Corporate Taxes

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This week, John and Sam focus on the importance of taxation in order to boost economic growth and alleviate poverty.  Dr. Abhijit Banerjee, a professor at MIT, was recently featured in a Bloomberg article in which he states that taxing the rich and large corporations is the only way to alleviate poverty.    Although taxation is important to economic growth, high tax rates don’t ensure a strong economy.  So, what is a good way to alleviate poverty?  What are the 3 keys to economic success? 

Oct 28 2019

16mins

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The Retail Industry & Bankruptcy

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We’ve recently heard that Jos. A. Banks, Brooke’s Brothers, and even Lord & Taylor have filed bankruptcy. However, it isn’t surprising now that dress codes are becoming increasingly more casual. A coat and tie is no longer a requirement and in some cases, could even be seen as intimidating to potential clients. Is the pandemic and remote work environment causing companies to be more concerned about output than attire? What effect will this new normal have on the retail industry? 

Aug 05 2020

20mins

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The Price of Precious Metals

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The prices of silver and gold have spiked recently. Gold and silver have historically been methods of exchange and currency.  It has really only been within the past several decades that the US dollar has not been backed by silver or gold. Is this recent rally caused by the weakening of the US dollar or investor’s need for store value? 

Jul 29 2020

17mins

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Suburban v Urban Living

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Many residents across the country are leaving city centers and moving to suburban areas of town.  Generally, the attraction to living in downtown areas is the cultural amenities. Access to restaurants, theaters, and various social attractions. What happens when the cultural amenities dry up or are not as accessible? It seems the attractiveness begins to fade.  Was it the pandemic or the protests that made suburban life attractive again? Will a mass exodus out of city centers effect local economies? Should we expect to see the erosion of economic activity begin to take hold?

Jul 21 2020

17mins

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Tesla: What's the Difference?

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Tesla stock has been performing exceptionally well since the middle of last year.  It is now is up over 40% in less than 2 weeks. The immediate thought is, what changed? But it doesn’t seem a lot has changed with Tesla over the past year, so why is their stock performing so well?  When you look at the market capitalization of Tesla and compare it to other automobile manufacturers, the difference is astounding.  Why is Tesla viewed so differently than other automobile manufacturers?

Jul 15 2020

18mins

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Reshaping the College Experience

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Harvard recently announced that all classes will remain online for the fall semester, yet tuition is staying the same.  Given Harvard’s reputation, it is almost certain that other colleges will follow suit. How will this change the college experience for students?  Will a zoom environment and the ability to record lectures change the way professors teach classes?  Lastly, will an adjustment like this effect the value of the college degree? 

Jul 07 2020

17mins

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COVID-19: A 2nd Wave

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Many states have recently announced an increase in Coronavirus cases. Some states have already started shutting down businesses again. In a consumer driven economy, shutting down establishments that employ people essentially takes consumers out of the equation one by one. Could this be the 2nd wave of COVID-19 or an extension of the first? Can the economy tolerate another shut down? Additionally, is the government going to be able to come up with more money to fund another PPP program or stimulus package?

Jun 30 2020

16mins

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Learning to Swim Again

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What happens to the economy if & when all the relief packages expire this summer? Will the economy stay afloat or will it have to learn how to swim again? There has been some good economic news recently. The economy created a lot of jobs in May and US consumers spent a lot of money last month. But, on Monday, an often overlooked monthly report about mortgage delinquencies suggested we might not be out of the woods just yet. 

Jun 23 2020

17mins

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Economic Recovery

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The economic data has improved, but how good is it really? Is it too early to call for a V-shaped recovery? Or are the recent economic reports signs of good times to come? In this week’s podcast, Sam and John delve into some surprisingly strong data to try to determine the truth. After all, no one has ever seen an economic downturn like this was. So, how do you adequately predict what happens next?

Jun 16 2020

17mins

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Defunding Police Forces

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With the recent riots and protests happening across the country, many people are pushing to defund police forces.  Some want to transform police forces whereas others want to completely disband them.  Dismantling law enforcement agencies will greatly impact the driving factors of a successful economy and it seems that the people behind the defund movement may not all be on the same page.  What exactly does it mean to defund police forces? How was it done in the past and what impact will it have on society?

Jun 09 2020

15mins

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Reality: The Markets v Real Life

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It’s no doubt that we’ve seen some absolutely terrible economic data since the start of the COVID-19 pandemic and now we are seeing riots and protests across the country. Yet somehow the markets keep going up.  This is a very weird time for the US Economy as well as the Global Economy and it seems that these recent rallies in the market are fueled by liquidity and the fear of missing out.  But what is the reality?  Clearly the realities in the market are not the same as the realities on the ground.  How long can this last and what’s next? 

Jun 03 2020

16mins

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China & The Hong Kong Economy

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China is trying to exert increasingly great authority over the Hong Kong government and economy. For years it’s been one country 2 systems.  We saw protests last year before the COVID-19 pandemic and Beijing probably does not need Hong Kong like it did 25 years ago.  With the rest of the world focused on the pandemic, is it possible that China is trying to reinitiate their efforts to threaten the Asian financial markets?  Is President Xi trying to divert attention from efforts to take over other small countries, like Taiwan? 

May 26 2020

16mins

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The Impact of Unemployment on Society

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In the last 2 months, America has lost decades worth of jobs. 2-3 million people a week are filing initial jobless claims. What does that mean for society in terms of future wage growth, mental health, divorce rates or crime rates? Businesses that are currently or planning to reopen will eventually adjust to operating on a lower employee base. So, how do we fix it? What can we do to minimize the impact?

May 19 2020

16mins

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The Effect of Covid-19 on Local Municipalities

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This week’s episode features Stewart Welch, the Mayor of Mountain Brook, Alabama and Founder of the Welch Group.  Although most people think they know how local governments work, Mayor Welch provides first hand insight into exactly how local municipalities work, where a majority of the revenue comes from, and the flow of communication from the state. What impact will this pandemic have on local economies and what are the 4 most important things you can do to help your community get back up and running?

May 12 2020

22mins

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Extra Debt & Interest Rates

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Now on the 3rd stimulus package, people are starting to complain about the trillions of dollars the US Treasury is throwing on the economy.  How are we going to pay for it?  And what will happen with interest rates moving forward? 

May 05 2020

14mins

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Reopening Local Economies

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People have conflicting opinions on the reopening of economies. The reality is, local politicians are in a lose-lose situation. You open it up to soon, infections increase but if you don’t, economic structural damage will be inevitable. Local governments can’t print money. What happens if local governments run out of money? What impact will it have on communities? Economically speaking, is it realistic to keep local economies shut down with no money being spent until COVID-19 is non-existent?

Apr 28 2020

14mins

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COVID-19 and Regime Change?

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COVID-19 and regime change? It could happen, as the coronavirus spreads throughout densely populated emerging economies. Do they have the capacity to test and treat the infected? Are those governments telling the truth? Will the local populations demand change? Or will this pandemic be just another obstacle in an otherwise difficult life?

Apr 21 2020

17mins

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Sports & Social Distancing

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Whether or not the amount of money spent on sports in reasonable or not, America puts a lot of money into sports and there are many tentacles to consider.  From local restaurants in college towns to major television contracts with ESPN, many people and local economies will be effected by the cancellation of sports.  What will happen to sports when COVID-19 finally loosens it’s grip on America?  What effect will it have on the players, consumers, and the businesses dependent on fans?

Apr 14 2020

14mins

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Social Distancing and Local Restaurants

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We all keep hearing the phrase "eat local" from various delivery services such as Grub Hub, Door Dash, etc. and it shouldn't come as a shock to hear that many restaurants won't make it through the COVID-19 pandemic.  Which restaurants will be at risk of being impacted the most?  What factors will make or break these businesses?  And lastly, what will the restaurant scene look like when we finally do come out of this?

Apr 07 2020

15mins

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The Effects of the Stimulus Package

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All said, the stimulus package will be a good thing and we have seen a recent rally in the stock market. However, what people need to realize is that as long as the stock market is on lock down mode, we can throw as much money at it as we want but it’s still going to be bad for GDP. Ultimately it will be ok, but what is realistic when it comes to the timeline and impact of the US economy?

Mar 31 2020

15mins

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The Effect of COVID-19 on Businesses

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As the COVID-19 pandemic sets in the United States, many businesses are being forced to close their doors.  How is the pandemic effecting the local pizzeria versus the Airlines?  Outside of grocery stores and pharmacies, what qualifies as an essential business and who decides which businesses are worthy of a bailout package?

Mar 24 2020

16mins

Play

iTunes Ratings

55 Ratings
Average Ratings
49
1
2
0
3

Awesome show!

By John Norris Fan - Aug 23 2018
Read more
Very informative and the hosts are highly educated in economics. I definitely enjoy listening!

Fan

By Oakworth Fan - Aug 20 2018
Read more
Topical and conversational