Stocks tumbling, inflation soaring and interest rates climbing — it’s clear America’s economy has hit some turbulence. And yet President Biden says a recession is “not inevitable.” Andrew Ross Sorkin, the founder and editor at large of DealBook at The New York Times, sat down with Kara Swisher to unpack our economic woes, predict what happens next and diagnose what Washington could have done differently.
In this conversation, they discuss how the pandemic highlighted our economic dependence on China and helped pave the way for both a crypto boom and the subsequent bear market. They break down the futures of companies from Netflix and Disney to Coinbase and Twitter, and discuss whether activist employees will continue to wield power with their corporate employers. And Andrew helps explain why airfares are so damn expensive.
(A full transcript of the episode will be available midday on the Times website.)
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“Sway” is produced by Nayeema Raza, Blakeney Schick, Caitlin O’Keefe and Wyatt Orme, and edited by Nayeema Raza; fact-checking by Kate Sinclair, Michelle Harris and Mary Marge Locker; music and sound design by Isaac Jones; mixing by Carole Sabouraud and Sonia Herrero; audience strategy by Shannon Busta. Special thanks to Kristin Lin and Kristina Samulewski.