Kai Ryssdal discusses the week on Wall Street and beyond with Leigh Gallagher from Fortune Magazine and Felix Salmon from Reuters.
On where Occupy Wall Street will go:
Felix Salmon: They’re going to be hanging out until it just gets too cold, and there’s going to be a lot of people hitching their flags to that movement because it is getting quite a lot of media play, and especially the unions are going to try and sort of jump in. I don’t know where it’s going to go, but I think that this is the first sign that we’ve seen that the left is just as angry as the right. And this is sort of the lefty version of the Tea Party.
Leigh Gallagher: It’s being perceived as very fringe and I think that’s unfortunate because I think there is a lot of anger in this country and I think a lot of it is completely justified — you know, the middle class is getting squeezed; wages are stagnant. There’s a lot to be angry about, but I think it has become almost cartoonish and I think that’s going to serve it not well.
For more analysis, click on “Listen to this story” at the top of the page.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.