Bank Runs in China and a Crisis in Sri Lanka
Welcome to the inaugural Wednesday edition of the Coin Bureau Podcast! We’re changing up the format a little for these extra weekly shows to bring you even more invaluable insights from the team here. Once-upon-a-time we used to upload the audio files from our popular YouTube videos as podcasts and, due to popular demand, we’re going to be doing so once more.
Each week, we’ll select two videos to bring to you in audio format, so that you can enjoy some of our YouTube content in the same way you listen to podcasts. This week, we’ve chosen to focus on a couple of seemingly localised crises that could have big implications for the global economy - including the crypto sector. These are the recent bank runs witnessed in China and the ongoing economic and political collapse in Sri Lanka.
We talk a lot about how economic events in the United States ripple out across global markets, but that’s not to say events elsewhere can’t also be consequential. It can be hard to get a clear picture of what is happening inside China, but it’s clear that all is not well in the country’s property sector and economy in general. As China is the world’s second largest economy, a crisis there will affect us all in due course.
Meanwhile, Sri Lanka’s woes could be a harbinger of things to come elsewhere. Some ill-conceived environmental policies and years of political mismanagement have left the country in a parlous state and such problems are not unique to Sri Lanka. As the economic outlook grows ever-more gloomy across the world, what is happening in this small but populous country could be replicated elsewhere.
Guy and Mike will be back talking crypto later this week as usual, but in the meantime we hope this change of format is to your liking - please let us know what you think and if you’d like to hear more episodes like this in the future.
We hope you enjoy the show.
Producer for iHeart Media: Noel Brown
Editor: Semir Mutapcic
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