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Nobody likes thinking about a financial crisis

Nobody likes thinking about a financial crisis

Sep 5, 2018

We continue our conversation with Minneapolis Fed President Neel Kashkari, and instead of looking back at the financial crisis 10 years ago, we look forward to potential economic what-if scenarios. Kashkari thinks uncertainty in emerging markets could spark a new…

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Stories From this episode

Divided Decade

The man in charge of TARP: "I'm proud of the actions that we took"

by Kai Ryssdal Sep 4, 2018
Neel Kashkari on the 2008 financial crisis and what Congress would do if another crisis hits.
Neel Kashkari, former-interim assistant secretary for financial stability and assistant secretary for international affairs at the Treasury Department, waits for the start of the hearing by the Senate Banking, Housing and Urban Affairs Committee October 23, 2008, on Capitol Hill in Washington, D.C.
Joshua Roberts/Getty Images

What happens when we're transparent about what we make and spend

by Phoebe Unterman and Kai Ryssdal Sep 5, 2018
Refinery29's Money Diaries series aims to upend taboos around money for women.
Spencer Platt/Getty Images

Road to recovery may be long for some emerging markets

by Scott Tong Sep 5, 2018
The value of emerging market currencies keeps tumbling. Argentina’s peso has lost half its value against the dollar this year. Same with the lira in Turkey. Investors are souring on Brazil. India. South Africa. Mexico. Indonesia. Some of these countries…

Here’s how deficit-inducing tax cuts lead to trade deficits

by , and Sep 5, 2018
The U.S. trade deficit in July surged to a five-month high, $50.1 billion, as exports of products like soybeans and civilian aircraft fell, while imports reached record levels. President Donald Trump regularly complains about trade deficits, but his own spending…

More From This Episode

We continue our conversation with Minneapolis Fed President Neel Kashkari, and instead of looking back at the financial crisis 10 years ago, we look forward to potential economic what-if scenarios. Kashkari thinks uncertainty in emerging markets could spark a new crisis, so we’ll take a closer look at the plunge of currencies abroad. Also, a look back to FEMA’s response to Hurricane Maria. According to a new report from the U.S. Government Accountability Office, FEMA wasn’t ready to handle the disaster. We talk about why that was the case. Plus, how much do you spend in a week? We sat down with Refinery29’s Work & Money Editor Lindsey Stanberry about the website’s Money Diaries series.

Music from the episode

Stella Here We Go Magic
Blacklight Riddim Dre Skull
Turnmills Maribou State