Bloomberg's Tracy Alloway and Joe Weisenthal on how this crisis is different from '08
We are going to rewind the clock on this episode of The Scoop with the Odd Lots team, Bloomberg's Tracy Alloway and Joe Weisenthal. The podcast duo – whose combined time covering global financial markets spans more than three decades – take us back to their times at the FT's Alphaville and The Business Insider, respectively, where they covered the 2008-2009 financial crisis. In this episode, the podcasters become the "podcast-ees." The episode explores how there are parallels between the dearth of reporters at the cutting edge of the repo markets and blind spots in today's coverage of the coronavirus. We also dive into: The differences between the structural problems as revealed by the 2008 financial crisis and the COVID-19-linked crisis. How the government's inability to funnel money to Main Street reveals the issues underpinning our financial plumbing, and how those issues could make Universal Basic Income more of a mainstream policy prescription in the U.S. Why cash in people's pockets during a crisis is a good thing. How this crisis might result in a shift in how we think about capitalism, whereas the last crisis resulted in a shift in the way we think about risk. How bitcoin and Modern Monetary Theory (MMT) aren't as different as some pundits might think. Why we shouldn't sleep on equity analyst research. This episode is brought to you by Bitstamp the original global cryptocurrency exchange. Since 2011, Bitstamp has been a cornerstone of the industry, earning the trust of over four million individuals and top financial institutions looking for a reliable trading venue. Whether you’re trading on our web platform, mobile app or industry-leading APIs, Bitstamp gives you the professional-grade tools you need to execute your strategy. Download the Bitstamp app or visit Bitstamp.net/Pro to learn more and start trading today!