{"podcast":{"title":"The Spillover","slug":"the-spillover-7704010","podcast_index_feed_id":7704010,"rss_url":"https://feed.podbean.com/thespillover/feed.xml","website_url":"https://thespillover.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22006505/SpillOver.jpg","author":"Council on Foreign Relations","episode_count":24,"summary":"How do critical international developments shape economic and financial markets worldwide? Each week, The Spillover traces the ripple effects of global events, exploring the intersection of policy, geopolitics, economics, technology, and finance. This podcast helps you better understand what’s happening, and why it matters to businesses, the markets, and the world.","last_synced_at":"2026-07-09T22:19:51.760160+00:00","page_url":"https://stenobird.com/podcast/the-spillover-7704010"},"episode":{"title":"Japan’s Heavy Metal PM + Political Threats to Markets + China’s Sad Horse","slug":"japan-s-heavy-metal-pm-political-threats-to-markets-china-s-sad-horse","published_at":"2026-02-12T21:50:02+00:00","page_url":"https://stenobird.com/podcast/the-spillover-7704010/japan-s-heavy-metal-pm-political-threats-to-markets-china-s-sad-horse","show_page_url":"https://stenobird.com/podcast/the-spillover-7704010","url":"https://thespillover.podbean.com/e/japan-s-heavy-metal-pm-political-threats-to-markets-china-s-sad-horse/","audio_url":"https://mcdn.podbean.com/mf/web/cjgj2cc7f84yj7g6/021226_Spillover0202_MASTER_V2.mp3","summary":"This episode examines the “Fragile Four” economies—the United States, the United Kingdom, Japan, and France—and why politics is increasingly spilling into financial markets. After a long stretch where markets largely shrugged off political volatility, an “age of inflation” coupled with high debt, aging demographics, rising defense spending, and anxious populations across the Fragile Four are making markets more reactive to political shocks. We break down what’s driving the shift and why cracks are appearing now. Hosts: Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR) Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR) Mentioned on the Episode: “Accidental ‘crying horse’ toy wins hearts in China,” Reuters “Economic Anxiety Is a Global Problem,” Gallup Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released! The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.","meta_description":"This episode examines the “Fragile Four” economies—the United States, the United Kingdom, Japan, and France—and why politics is increasingly spilling into…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2301,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-spillover-7704010/episodes/japan-s-heavy-metal-pm-political-threats-to-markets-china-s-sad-horse/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-spillover-7704010/japan-s-heavy-metal-pm-political-threats-to-markets-china-s-sad-horse.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}