[TIMELY UPDATE: on Friday afternoon the U.S. government re-opened temporarily. Details here. We will describe the shutdown as a present-tense thing in this episode because, as we'll say early on, we taped this episode right before the government re-opened. Also we taped with that possibility in mind, so all our facts about the shutdown are accurate and are long-term focused.]

We are fresh off the longest government shutdown in American history (with another around the corner, maybe!). We are also riding almost a decade of of sustained stock market growth, almost a decade of sustained job growth, and all kinds of other business-y news you heard about. And when those stories crossed your cable TV screen or Twitter feed, did you have any idea what they meant? And if so...c'mon, are you sure you've got all the context?

On this week's episode of The Cracked Podcast, Alex Schmidt sits down with Kai Ryssdal, the host of 'Marketplace' and the world heavyweight champion of that exact economic context you need. They'll dig into how just one missed federal worker paycheck (let alone two!) ripples through the global economy for a long time. They'll examine ways you can better understand what a stock market swing or jobs number actually means. Also stick around for valuable heads-ups on which chairpersons, directors, and CEOs tend to be extremely important indicators of our economic future, even though most people pay them no attention.



Kai Ryssdal on Twitter

What the shutdown cost (Marketplace with Kai Ryssdal)

Trumponomics, two years in (Marketplace with Kai Ryssdal)

Fed survey shows 40 percent of adults still can't cover a $400 emergency expense (CNBC)

The Chart That Shows the Financial Peril Facing Federal Workers (New York Times Opinion)

Federal shutdown accounts for 20 percent of unemployment claims in Colorado (The Denver Post)

Two Words From Fed Chairman Jerome Powell Sent Markets Soaring (The New York Times)

FACT CHECK: Who Gets Credit For The Booming U.S. Economy? (NPR)

19 times Trump called jobs numbers 'fake' before they made him look good (The Washington Post)

It's Official: The Trump Tax Cuts Didn't Pay for Themselves in Year One (The New York Times)

Trump's tax cuts aren't paying for themselves (Quartz)

Kai Ryssdal's Twitter thread explaining tariff revenue

Whirlpool loved Trump's tariffs. Now it's struggling (CNN Money)

A $12 Billion Program to Help Farmers Stung by Trump's Trade War Has Aided Few (The New York Times)

America's Tariff Men: Connecting McKinley to Trump (The New York Times)

"Commercial wars are unprofitable. A policy of good will and friendly trade relations will prevent reprisals." -- President William McKinley, 1901


Here's how the Drudge Report splashed job reports for Obama that were better than Trump's (The Washington Post)

"Fed raises key rate to range of 2% to 2.25%, keeps forecast for 4 hikes in 2018" (USA Today)

"Fed's Williams: 'Strong' outlook for 2019 calls for continued interest-rate hikes" (Marketwatch)

"The Trump economy is destroying the Obama coalition" (The Hill)

"The U.S. has a secret weapon in the trade war" (Yahoo News)

"Some business owners love the Trump tariffs" (Yahoo Finance)

Exciting Tour News!

See the first-ever Cracked Podcast LIVE TOUR this spring! Get your tickets now for: Thursday April 11th -- Lincoln Hall, Chicago IL and Friday April 12th -- Amsterdam Bar and Hall, St. Paul MN.

More Episodes


11 Bizarre & Gross Problems That Took Over U.S. Cities

May 20, 2019

Hear us LIVE in Chicago: a city of coyotes, super-rats, and plumbing they forgot to install till later.

 Go Listen

7 Common Mistakes That Ruin Movie Sequels & Trilogies

May 13, 2019

Here's how Adventure Number Three forgets what made Numbers One and Two worth watching.

 Go Listen

10 Insane Real-Life Crimes Committed Through Video Games

May 6, 2019

Why steal fake in-game money when you can grift actual millions?

 Go Listen

How Lousy Life-Shortening Jobs Became America's Gig

April 29, 2019

Don't let the bastards use you to grind other people down.

 Go Listen

What Fascist Italy Reveals About Modern America

April 22, 2019

Benito Mussolini wanted to make Italy great again, and somehow that's more popular than ever.

 Go Listen
To turn on reply notifications, click here

1 Comment

Load Comments