[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.
"Commercial wars are unprofitable. A policy of good will and friendly trade relations will prevent reprisals." -- President William McKinley, 1901
EXAMPLES OF ECONOMIC HEADLINES YOU MIGHT SEE
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.
Hear us LIVE in Chicago: a city of coyotes, super-rats, and plumbing they forgot to install till later.
Here's how Adventure Number Three forgets what made Numbers One and Two worth watching.
Why steal fake in-game money when you can grift actual millions?
Don't let the bastards use you to grind other people down.