Honestly with Bari Weiss

What to Do When the Market Drops? Call Larry Summers.


Listen Later

On Monday, the markets had one of its worst trading days since the 2008 financial crisis. Stocks tumbled around the world, with a global sell-off, amid fears of a recession. The VIX (an index often called “Wall Street’s Fear Gauge”) was at times today as high as we saw it when the economy was shutting down for Covid. 


This comes on the tail of a pretty insane news cycle: a presidential assassination attempt, Joe Biden dropping out of the race, the coronation of a new Democratic nominee, a stolen election (actually) in Venezuela, a Middle East on the brink of war. . . should I go on? But the most pressing issue to most Americans is and always has been the economy. 


And with everything else going on, many of us have been paying far too little attention to the economic story here at home, and the policies that may have brought us to this moment we find ourselves in today. 


To explain how we got here is Larry Summers. Summers was Secretary of the Treasury under President Clinton, and he was the director of the National Economic Council under President Obama. He was president of Harvard for five years. And he is one of the world’s most prominent economists. 


Today: What is going on in the market? What caused it? Was it avoidable? What happens next? And what are the long-term repercussions? 


If you liked what you heard from Honestly, the best way to support us is to go to thefp.com and become a Free Press subscriber today.

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

Honestly with Bari WeissBy The Free Press

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

8,070 ratings


More shows like Honestly with Bari Weiss

View all
The Glenn Show by Glenn Loury

The Glenn Show

2,258 Listeners

Making Sense with Sam Harris by Sam Harris

Making Sense with Sam Harris

26,333 Listeners

What Matters Now by The Times of Israel

What Matters Now

42 Listeners

The Commentary Magazine Podcast by Commentary Magazine

The Commentary Magazine Podcast

5,118 Listeners

The Fifth Column by Kmele Foster, Michael Moynihan, and Matt Welch

The Fifth Column

2,831 Listeners

The Editors by National Review

The Editors

4,831 Listeners

The Remnant with Jonah Goldberg by The Dispatch

The Remnant with Jonah Goldberg

6,500 Listeners

Uncommon Knowledge by Hoover Institution

Uncommon Knowledge

1,993 Listeners

Quillette Podcast by Quillette

Quillette Podcast

792 Listeners

Unpacking Israeli History by Unpacked

Unpacking Israeli History

1,124 Listeners

Call Me Back - with Dan Senor by Ark Media

Call Me Back - with Dan Senor

3,073 Listeners

The Witch Trials of J.K. Rowling by The Free Press

The Witch Trials of J.K. Rowling

11,837 Listeners

What Really Matters with Walter Russell Mead by Tablet Magazine

What Really Matters with Walter Russell Mead

409 Listeners

Conversations With Coleman by The Free Press

Conversations With Coleman

385 Listeners

Raising Parents with Emily Oster by The Free Press

Raising Parents with Emily Oster

671 Listeners

Breaking History by The Free Press

Breaking History

652 Listeners

Ask Haviv Anything by Haviv Rettig Gur

Ask Haviv Anything

695 Listeners