Episode 9 · 2020-03-13 · 45:09 · Original in Finnish
Corona and the Black Swan – Tuomas Malinen | Neuvottelija 9
Originally published as “Korona Black Swan | Tuomas Malinen | Neuvottelija 9”
Macroeconomist Tuomas Malinen (GNS Economics) analyzes the coronavirus in March 2020 as a 'black swan': why the pandemic itself would only be a trigger, when the world economy has been driven into a state of fragility. In Malinen's view, three weak points — China's mountain of debt, Europe's banking sector, and the US capital-market bubble — threaten to unravel at once. Featuring Taleb's antifragility, the September 2019 repo market, central-bank balance sheets, helicopter money, Finland's fight for survival, and a defense of the market mechanism.
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Summary
Macroeconomist Tuomas Malinen (GNS Economics) analyzes the coronavirus in March 2020 as a ‘black swan’: why the pandemic itself would only be a trigger, when the world economy has been driven into a state of fragility. In Malinen’s view, three weak points — China’s mountain of debt, Europe’s banking sector, and the US capital-market bubble — threaten to unravel at once. Featuring Taleb’s antifragility, the September 2019 repo market, central-bank balance sheets, helicopter money, Finland’s fight for survival, and a defense of the market mechanism.
Watch
The recording lives on the Neuvottelija channel: Korona Black Swan | Tuomas Malinen | Neuvottelija 9. A Finnish edition of this episode is published at www.neuvottelija.fi.
People and topics
Guests: Tuomas Malinen
Topics: Finnish Economy & Policy