The dow tumbled more than 500 coints after two pillars of the street tumbled over the week end. Leman brother, a 158 year old firm, filed for bankruptcy. Faith in the financial system is at a really low point. And raising interest rates is the sign for financial assets that like goldilock's time is over right now.
The stock market tumble and crypto crash are symptoms of a broader shift in the US economy. Jacob Goldstein explains the end of the “Goldilocks Era.”
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Mounsey, hosted by Noel King.
Transcript at vox.com/todayexplained
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