Eurodollar University cover image

Biggest drop on record officials said wouldn't happen.

Eurodollar University

00:00

The Great Recession in the US

The German economy falling into recession was a key crucial indication of the seriousness, the gravity, the global reach of what would become the great recession. At the time, remember policymakers, particularly those in Europe were convinced that inflation was the biggest problem. In fact, in July of 2008, the ECB raised rates even though the German economy had already been in contraction.

Play episode from 07:09
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app