{"title": "V-curves and Taistoism | Tuomas Malinen | Negotiator 38", "titleOriginal": "V-käyriä ja taistolaisuutta | Tuomas Malinen | Neuvottelija 38", "episodeNumber": "38", "guest": "Tuomas Malinen", "publishedAt": "2020-10-01", "duration": "33:49", "durationIso": "PT33M49S", "youtube": "https://www.youtube.com/watch?v=NLMAlxB60PU", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/44-neuvottelija-38-v-kayria-ja-taistolaisuutta-tuomas-malinen", "originalLanguage": "fi", "format": "full", "topics": ["finnish_economy_policy", "investing_markets"], "description": "GNS Economics CEO Tuomas Malinen explains why the firm's latest Q-review contained no positive scenario at all for the first time: the options are collapse, reset and great inflation. A European banking crisis has become the baseline. Malinen unpicks why record-low junk bond yields cannot coexist with record-high large corporate bankruptcies unless a central bank has broken the pricing mechanism, and why debt-financed stimulus in an over-indebted economy creates the conditions for a debt crisis. The second half covers the public clash between the Finnish government and business leaders, corporate social responsibility, and the quality of the debate over the EU recovery fund.", "chapters": [{"t": "00:00", "title": "The V-curve that did not arrive", "seconds": 0}, {"t": "02:31", "title": "Three scenarios with no good option", "seconds": 151}, {"t": "05:09", "title": "A banking crisis as the baseline", "seconds": 309}, {"t": "07:53", "title": "Where would growth come from?", "seconds": 473}, {"t": "10:31", "title": "The prime minister versus the business leaders", "seconds": 631}, {"t": "13:11", "title": "Corporate social responsibility and China after 1978", "seconds": 791}, {"t": "15:43", "title": "New voices enter the debate", "seconds": 943}, {"t": "18:33", "title": "How the support money was handed out", "seconds": 1113}, {"t": "21:03", "title": "The Finnish banking sector versus Southern Europe", "seconds": 1263}, {"t": "23:38", "title": "The recovery fund, the citizens' initiative and Vanhanen's answer", "seconds": 1418}, {"t": "26:14", "title": "Eurobonds, communication and the net contributor's numbers", "seconds": 1574}, {"t": "28:45", "title": "The regional tour, MMT and the case for an adult debate", "seconds": 1725}, {"t": "31:15", "title": "Closing: blow the whistle on the borrowing", "seconds": 1875}], "sourceTranscriptType": "macwhisper_srt", "subtitleMethod": "none", "provenance": "Owner page assembled from the MacWhisper SRT transcript, YouTube metadata and the neuvottelija.fi episode record. Chapter timecodes are taken from the transcript; no caption files are published with this page.", "slug": "ep38-v-kayria-ja-taistolaisuutta-tuomas-malinen", "guestsCanonical": ["Tuomas Malinen"], "guestPages": ["https://www.neuvottelija.com/podcast/guests/tuomas-malinen/"], "page": "https://www.neuvottelija.com/podcast/episodes/ep38-v-kayria-ja-taistolaisuutta-tuomas-malinen/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep38-v-kayria-ja-taistolaisuutta-tuomas-malinen/index.md", "captions": null, "transcript": null}