Cezary Podkul

speaker
149 appearances 3 recordings 1 series first heard Mar 2018 last heard Jan 2020

Cezary Podkul’s voice in public audio — every appearance, attributed to the second.

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But think about it.
The wealthy are more often owned real estate and assets like stocks and bonds and portfolios.
So it really helped them much more so than people on the bottom end of the scale who lost their jobs.
And the result is that 10 years later, income inequality has widened in this country.
Yeah, that's a good question.
The more things change, the more they stay the same.
The interesting thing about Bitcoin and cryptocurrencies in general is that they were born out of this distrust in the government and the financial sector that took hold after the crisis.
So in a way, there's sort of a direct link between that and the crisis.
As to whether people will learn their lesson this time, it remains to be seen.
There's never going to be an end to crises.
There's always going to be other crises.
And one of the things we try to do in this feature is to look at where the areas of risks are.
And certainly, cryptocurrencies are one area that many people are looking at as a potential bubble.
Yeah.
The student loan problem is really one of the most fascinating aspects of all of this.
If you look at the overall trend in consumer debt since the 2008 crisis,
You know, credit cards took a dip and are coming back.
Auto loans, you know, sort of picked up, fell and picked up.
Everything had that sort of, you know, peak and trough.
But then if you look at student loans, it just kept going up, up, up, up, up, up, up, up, up, up.
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