Susan Hayes Culleton

speaker

3,266 appearances 23 recordings 2 series first heard Nov 2025 last heard 18 Sep

Susan Hayes Culleton’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 23 in all, peaking in Jul 2026 with 5.

Appearances

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Taking Stock · Migration economics, US Yen intervention & Living the 100-Year-Life · 7 Aug 2026 podcast

I'm Susan Hayes Collerton, and this is the show that looks at business and economics from a wider perspective. voice-verified

Coming up on today's programme: the economics of migration. voice-verified

What drives people to move and how does it reshape the economies they leave behind and move into? voice-verified

And with many of us now expected to live and work for longer, Linda Grattan will be talking to us about why the traditional three-stage life of voice-verified

Of education, work, and retirement might be a thing of the past. voice-verified

Plus, the yen is back in focus as the US steps into the currency markets. voice-verified

But what does the intervention mean for Japan, for investors, and for the global economy? voice-verified

You can email the show, taking stock at newstock.com, or you can message me on socials at Susan Hays Collerton. voice-verified

Now for my explainer this week, I want to talk to you about what a carry trade is, because when we do take that trip to Japan later on in the show, it's going to come up again and again. voice-verified

A carry trade happens when an investor borrows money in a currency with a low interest rate and then invests that money in an asset or currency with a higher return. voice-verified

So imagine that you can borrow yen at a very low interest rate and then use it, for example, to buy US bonds in dollars that offer a higher interest rate. voice-verified

Then you can make a lot of money if the exchange rate stays the same. voice-verified

Now you can make even more money, of course, if the exchange rate moves in your favour. voice-verified

And when we get into this later on in the show, you'll see exactly what this means. voice-verified

But what's more is that as the world is progressively paying more attention to the Japanese yen due to the historic intervention that happened this week, you'll likely hear lots more about the carrier trade, and now you know. voice-verified

Now, migration is often discussed through the lens of politics, culture and social pressures, but behind every movement of people, free or otherwise, there are also major economic forces at play. voice-verified

Now last week we saw this dramatically illustrated in Sueta, the Spanish Enclave in North Africa, where tens of thousands of people voice-verified

crossed the border from Morocco in an extraordinary migration event that placed huge pressure on local authorities and reignited debate across Europe about how migration should be managed and of course also cost several lives. voice-verified

But beyond the immediate political reaction, what does economics tell us about migration? voice-verified

Why do people move? voice-verified

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