A Long Time In Finance

The country which first achieved nuclear fission has just become the third (behind Italy and Lithuania) to phase out its entire nuclear fleet. An odd time to do it, when Europe has just cut off Russian gas and the main alternative is to burn more coal. But that's the Green Party for you. Neil and Jonathan discuss the politics of Germany's contentious phaseout with Mark Nelson, energy consultant and nuclear advocate, and its economic consequences.Presented by Jonathan Ford and Neil Collins.With Mark Nelson.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

After four banks collapsed in March, including the Swiss giant Credit Suisse, is it time to start worrying about a new banking crisis, just 14 years after the last one? Neil and Jonathan talk to financial historian Edward Chancellor about the challenges posed to the financial system by interest rates shooting up after a long period of historic lows, the risks for central banks, and why bankers' addiction to "dangerous carry" may come back to bite investors in the rear.Presented by Jonathan Ford and Neil Collins.With Edward Chancellor.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

In his youth, he commanded a motor torpedo boat called HMS Gay Charger, and in later life became a Mousquetaire d'Armagnac. In between, Nigel Lawson was Neil's second favourite Chancellor of the Exchequer since the Second World War. We discuss the life and achievements of Margaret Thatcher's most intellectually confident Number 11 neighbour, their turbulent relationship, and the decisions that still mark the way we live now. In association with Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

Who knew that Samuel Taylor Coleridge, opium-nibbling author of Kubla Khan, also had views on the business cycle and foreshadowed Keynes' ideas by a century? Or that Walter Scott extolled the virtues of paper currency so powerfully that he saved the Scottish banknote, which bears his image in gratitude to this very day? Neil and Jonathan talk to John Ramsden author "The Poets Guide to Economics" about the economic insights of some of our greatest poets from Defoe to (Ezra) Pound, and how they helped to shape the world in which we live today. Presented by Jonathan Ford and Neil Collins.With John Ramsden.Produced and edited by Nick Hilton for Podot. Hosted on Acast. See acast.com/privacy for more information.

In recent years, companies have been deserting the UK stock market as if it were a sinking ship. But what brought on this sudden aversion? According to some, Britain's pension funds are the culprits, and Exhibit A the traditional defined benefit schemes that used to dominate the savings scene. Neil and Jonathan talk to William Wright, supremo of think tank New Financial, about how this shocking crime came about, name the victims, and ponder what can be done about it. Presented by Jonathan Ford and Neil Collins.With William Wright.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

"At any given time there exists an inventory of undiscovered embezzlement in—or more precisely not in—the country’s business and banks. It varies in size with the business cycle. In good times, people are relaxed, trusting, and money is plentiful.In depression, all this is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. The bezzle shrinks." Neil, Jonathan and Izabella Kaminska of The Blind Spot apply JK Galbraith's concept of "the Bezzle" to Silicon Valley Bank's collapse. With interest rates rising, they conclude, the bezzle is shrinking.  Presented by Jonathan Ford and Neil Collins.With Izabella Kaminska.Produced and edited by Nick Hilton for Podot. Hosted on Acast. See acast.com/privacy for more information.

How did fund managers end up controlling so much of the essential services on which we rely, from water to electricity and property? Who gave them the money? And does it matter that they do? Neil and Jonathan talk to author Brett Christophers, whose new book Our Lives in Their Portfolios argues that the giant funds that dominate the landscape are driven by terrible incentives - and that's why they are running our infrastructure into the ground. Presented by Jonathan Ford and Neil Collins.With Brett Christophers.Produced and edited by Nick Hilton for Podot. Hosted on Acast. See acast.com/privacy for more information.

Neil Woodford was the fund manager who seemed to have it all. Hailed as the genius who "made Middle England rich", he ran one of the UK's best performing investment funds for decades. And then in a few hubristic years, after sticking his own name above the door, he raised an insane amount of cash, made some risky bets and lost the lot. Neil and Jonathan talk to David Ricketts, author of a book on Woodford, about his fall, the reasons for it, and what we've learned.Presented by Jonathan Ford and Neil Collins.With David Ricketts.Produced and edited by Nick Hilton for Podot. Hosted on Acast. See acast.com/privacy for more information.

"What is all this about being big?" asked the actor Anthony Hopkins in a famous (if toe-curling) ad from 2000 for Barclays Bank. "You know, seeing the big picture, having the big idea, clinching the big deal; no one wants to clinch the little deal." For decades the British bank followed this restless urge, always trying to get bigger, to keep up with the biggest banks in the world. Neil and Jonathan talk to author and former banker Philip Augar about where it came from, how it led a stuffy old British bank to tie themselves to the one man who seemed able to deliver bigness, Bob Diamond, and how those aspirations turned to dustPresented by Jonathan Ford and Neil Collins.With Philip Auguar.Produced and edited by Nick Hilton for Podot.In partnership with Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

Charles Ponzi was the first, FTX perhaps the latest, but few "rob Peter to pay Paul" schemes will ever match the sheer scale and staying power of Bernie Madoff's $64bn heist. As a new documentary airs about the "Monster of Wall St", Neil and Jonathan talk to author and fraud connoisseur Dan Davies about the world's most destructive Ponzi scheme.Presented by Jonathan Ford and Neil Collins.With Dan Davies.Executive produced and edited by Nick Hilton for Podot.Produced by Ewan Cameron.In association with Briefcase.News Hosted on Acast. See acast.com/privacy for more information.