Bloomberg's Tracy Alloway and Joe Weisenthal on how this crisis is different from '08

Episode 16 of Season 2 of The Scoop was recorded remotely with Frank Chaparro, Ryan Todd, along with Bloomberg Financial Journalists and co-hosts of the Odd Lots podcast, Tracy Alloway and Joe Weisenthal.  

Listen below, and subscribe to The Scoop on AppleSpotifyGoogle PlayStitcher, or wherever you listen to podcasts. Email feedback and revision requests to [email protected].

This episode of The Scoop is brought to you by Bitstamp, the original global cryptocurrency exchange. Since 2011, Bitstamp has been a cornerstone of the industry, earning the trust of over four million individuals and top financial institutions looking for a reliable trading venue. Whether you’re trading on our web platform, mobile app or industry-leading APIs, Bitstamp gives you the professional-grade tools you need to execute your strategy. Download the Bitstamp app or visit Bitstamp.net/Pro to learn more and start trading today!

We are going to rewind the clock on this episode of The Scoop with the Odd Lots team, Bloomberg's Tracy Alloway and Joe Weisenthal.

The podcast duo – whose combined time covering global financial markets spans more than  three decades – take us back to their times at the FT's Alphaville and The Business Insider, respectively, where they covered the 2008-2009 financial crisis. 

In this episode, the podcasters become the "podcast-ees." The episode explores how there are parallels between the dearth of reporters at the cutting edge of the repo markets and blind spots in today's coverage of the coronavirus.

RELATED INDICES

We also dive into:

  • The differences between the structural problems as revealed by the 2008 financial crisis and the COVID-19-linked crisis.
  • How the government's inability to funnel money to Main Street reveals the issues underpinning our financial plumbing, and how those issues could make Universal Basic Income more of a mainstream policy prescription in the U.S. 
  • Why cash in people's pockets during a crisis is a good thing.
  • How this crisis might result in a shift in how we think about capitalism, whereas the last crisis resulted in a shift in the way we think about risk.
  • How bitcoin and Modern Monetary Theory (MMT) aren't as different as some pundits might think.
  • Why we shouldn't sleep on equity analyst research.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].