Topic: Innovation Slowdown

1 chapters across the catalog

Hail the Foot
Episode 310 1:47:49 - 1:50:59

310: Hail the Foot

LIBOR Panic and Global Economic Instability

A financial analyst expresses near-panic over the lack of yield for money managers, warning that the world is on the verge of a "great, great depression." The London Interbank Offered Rate (LIBOR) remains a central focus as interest rates are kept low by the Federal Reserve under Ben Bernanke. The analyst suggests that an "innovation slowdown" and the high number of underwater homeowners are contributing to a stagnant and dangerous economic environment.