Money Talks: The next financial crisis

<p>Over the past 15 years power and risk in financial markets have shifted radically. New investors have flooded in and, buoyed by pandemic stimulus, most have had an <a href="https://www.economist.com/finance-and-economics/the-reasons-behind-the-current-stockmarket-turmoil/21807379?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">incredible ride</a>. But as policymakers put the brakes on, global financial markets are <a href="https://www.economist.com/finance-and-economics/2022/02/04/why-stockmarket-jitters-have-not-so-far-spread-to-the-credit-market?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">starting to wobble</a>. How might this new high-tech, bank-light system fare under a serious stress test?</p><br><p>Mike Bird hosts with Alice Fulwood, <em>The Economist</em>’s US finance correspondent; Greg Jensen, co-chief investment officer of Bridgewater Associates; Robert Shiller, professor of economics at Yale University and author of “Narrative Economics”; and <em>The Economist</em>’s Buttonwood columnist, John O’Sullivan.</p><br><p>Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at <a href="https://www.economist.com/moneytalks/?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">economist.com/moneytalks&nbsp;</a></p><p>For full access to print, digital and audio editions, subscribe to <em>The Economist </em>at <a href="http://www.economist.com/podcastoffer?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=moneytalks&amp;utm_content=discovery.content.anony