24 Burst results for "Financial Analytics"

"financial analytics" Discussed on KCRW

KCRW

02:39 min | 1 year ago

"financial analytics" Discussed on KCRW

"President Biden's first speech to a joint session of Congress tried to make a case that China wins if America can't pull together amid the present political polarization. President hopes that one way to pull together is to enact his policies, which he suggested could grow the U. S economy from the bottom and the middle. Karen Petrou is founder of Federal Financial Analytics in Washington. She says the focus has long been on policies that benefit wealthier Americans on the hope that it percolates to the rest. Ever even president talks about the middle class, But we have had trickled down policies since that Reese 1980. If the Biden administration can make the United States a more Prosperous economy in a truly shared way, that would be quite an achievement. All right, so instead of just growing the economy from the top, but to do that, doesn't he need a little more support in Congress? Or can some of what he was talking about this shift? Can it be accomplished? You know, at the stroke of his executive pen, and he has a lot of tools, but he's got a major problem. A real road block at the Fed. Jay Powell yesterday said that again the Fed is going to do it trickle down, and I think you've got a real contradiction between Trickle down monetary policy and Mr Biden's ambitions But to understand your point, the feds position is we're going to keep interest rates Super low quote accommodative for a long time. Which inflates what we say. Asset prices, for instance, stocks, which helps the wealthier in America, and we hope that somehow trickles down. What you heard, Biden say was one of tried a different way from the bottom in the middle, and you see that is in contradiction. It is because, for example, how will we do about him up lower and middle class growth if interest rates stay so low that instead of spurring sustained investment in capital formation and new jobs, they just continue to contribute to market speculation. Karen Petrou Federal Financial Analytics. Our new book about the Fed is called engine of inequality. There's news today, the economy grew at a brisk 6.4% annual ized pace in the winter quarter. Some of that is the effects of federal stimulus. The 10 year interest rate is up at 1.68%. Stocks. The Dow is up 14 points, the S and P is up 2/10 of a percent. The NASDAQ has turned down by 11 points. Marketplace Morning.

Karen Petrou 11 points Jay Powell 6.4% 1.68% Washington Federal Financial Analytics yesterday President 14 points 10 year Congress first speech China 1980 today America NASDAQ Fed U. S
"financial analytics" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:00 min | 1 year ago

"financial analytics" Discussed on WNYC 93.9 FM

"Avalere a automatically integrates with more than 700 of the most widely used e R. P and e commerce Solutions. Havel era tax compliance Done right I'm David Brancaccio. Under the stimulus plan agreed by Republicans and Democrats last night, the headline is $600 checks to individuals making $75,000 a year or less, and the federal government will add $300 a week to unemployment benefits for many Beyond that, What do we have marketplaces. Nancy Marshall Denser joins us from Washington Well, David, the bill continues a number of programs that were due to expire at the end of this year, including federal unemployment benefits for gig workers and for people whose state benefits have expired. The legislation is also expected to extend an eviction moratorium. And include money for rental assistance. There's also money for the Paycheck Protection loan program for small businesses, and the bill is expected to include $15 billion for movie theaters and live performance venues. Now the central bank, the Fed was at the center of a major hurdle in negotiations You've been covering that do we know how that was resolved? Yet Republican Senator Pat Toomey, a Pennsylvania had been insisting there be language in the bill outlining what the feds emergency lending powers will look like in the future. Remember, the Fed established a number of emergency lending programs during the pandemic, initially to me one of the bill to forbid the Fed from doing anything similar to that in the future. So now the bill just As the Fed can't recreate those exact same programs, and they expire at the end of this year. Is the Fed saying anything now. There's no public statement from the Fed. But former Fed chair Ben Bernanke issued a statement saying it was quote vital that the Fed's ability to respond to a crisis quote not be circumscribed. Nancy. Thank you. By far The biggest line item in the covert relief plan is $325 billion to businesses money to keep people on the payroll grants if rules are met loans if rules are not met. It's getting early. Take on this from Karen Petru, co founder, a managing partner at Federal Financial Analytics, the greatest amount of damage and the biggest amount of potentially irreversible damage to employment is in the small business sector. So getting these P P P loans back out to small businesses, including very small and minority businesses, is critical to Returning the economy to a sustained And more secure base of low and moderate income employment. Karen, is that your hope that they refine this program from the first time around? I mean, a lot of the money went to bigger businesses, and there was fraud in the system. You rush out $649 billion literally, You know, in a week, there are going to be disastrous mistakes, and there were in the first roll out. What I've seen this This version of the program is a lot tighter a lot better and it will really go to genuine small businesses. As for the checks directly, the households too bad, right, Karen. They didn't come yesterday. It's going to take Some weeks before we actually see them. Had better late than never. Congress could not get its act together, and thus it is, but at least Aid households is coming, as well as the more structural supports to at least some of the economy. All right. That's Karen Petrou it federal financial analytics markets. London's 100 share index is down 2.7% with countries barring people and freight from the UK, given a Corona virus mutation in Britain. Here the Dow feature is down 434 points 1.4% the SNP future Down 1.6% crude oil is down 4% in New York Now Marketplace Morning report is supported by noon Ah personalized weight loss program designed to give people knowledge to set new goals and.

Fed Senator Pat Toomey Nancy Marshall Denser David Brancaccio Karen federal government Democrats Karen Petrou Karen Petru Havel Washington Federal Financial Analytics Ben Bernanke Pennsylvania financial analytics London Congress fraud New York
"financial analytics" Discussed on KCRW

KCRW

02:24 min | 1 year ago

"financial analytics" Discussed on KCRW

"Avalere a automatically integrates with more than 700 of the most widely used e r P and e commerce Solutions. Avalere a tax compliance done right? I'm David Brancaccio. Under the stimulus plan agreed by Republicans and Democrats last night, the headline is $600 checks to individuals making $75,000 a year or less, and the federal government will add $300 a week to unemployment benefits for many Beyond that. What do we have Marketplaces. Nancy martial against her Joins us from Washington. Well, David, the bill continues a number of programs that were due to expire at the end of this year, including federal unemployment benefits for gig workers and for people whose state benefits have expired. The legislation is also expected to extend an eviction moratorium and include money for rental assistance. There's also money for the Paycheck Protection loan program for small businesses, and the bill is expected to include $15 billion for movie theaters and live performance venues. Now the central bank, the Fed was at the center of a major hurdle in negotiations You've been covering that do we know how that was resolved? Yet Republican Senator Pat Toomey, a Pennsylvania had been insisting there be language in the bill. Outlining what the feds emergency lending powers will look like in the future. Remember, the Fed established a number of emergency lending programs during the pandemic, initially to me, wanted the bill to forbid the Fed from doing anything similar to that in the future. So now the bill just As the Fed can't recreate those exact same programs, and they expire at the end of this year. Is the Fed saying anything now. There's no public statement from the Fed. But former Fed chair Ben Bernanke issued a statement saying it was quote vital that the Fed's ability to respond to a crisis quote not be circumscribed. Nancy. Thank you. By far The biggest line item in the covert relief plan is $325 billion to businesses money to keep people on the payroll grants if rules are met loans if rules are not met. It's getting early. Take on this from Karen Petru, co founder, a managing partner at Federal Financial Analytics, the greatest amount of damage and the biggest amount of potentially irreversible damage to employment is in the small business sector. So getting these P P p loans back out to small businesses, including very small.

Fed Senator Pat Toomey David Brancaccio Nancy federal government Democrats Federal Financial Analytics Karen Petru Ben Bernanke Washington Pennsylvania managing partner co founder
Global banks cutting nearly 80000 jobs this year, most since 2015

Morning Edition

01:07 min | 2 years ago

Global banks cutting nearly 80000 jobs this year, most since 2015

"Bloomberg reported that major banks around the world an ounce plans to shed almost eighty thousand jobs in twenty nineteen the highest level in four years Cassidy says is trading technologies growing more sophisticated it is only as many traders and as a result this head count reduction over eighty percent of those bank layoffs happened in Europe or banks have had to deal with declining gross negative interest rates and also lighter regulation Karen Petru it federal financial analytics says European regulators warrant is quick to force banks to rein in risky lending an adjective roads earnings and ultimately forces banks to take much worse losses than they would if they took immediate action thanks have enjoyed a much stronger economy in the U. S. but its banks of digitized and fewer people are visiting physical locations some bank branches are closing says NATO back a complete bank data and that could mean more layoffs which traffic down you just don't need as many staff will say Marcos and thanks relying more and consumer loans topics as banks are opening up more loan offices those don't require as many employees as a full

Bloomberg Cassidy Europe Karen Petru Financial Analytics Nato Marcos
Global banks cutting nearly 80000 jobs this year, most since 2015

Morning Edition

01:07 min | 2 years ago

Global banks cutting nearly 80000 jobs this year, most since 2015

"Bloomberg reported that major banks around the world an ounce plans to shed almost eighty thousand jobs in twenty nineteen the highest level in four years Cassidy says is trading technologies growing more sophisticated it is only as many traders and as a result this head count reduction over eighty percent of those bank layoffs happened in Europe or banks have had to deal with declining gross negative interest rates and also lighter regulation Karen Petru it federal financial analytics says European regulators warrant is quick to force banks to rein in risky lending an adjective roads earnings and ultimately forces banks to take much worse losses than they would if they took immediate action thanks have enjoyed a much stronger economy in the U. S. but its banks of digitized and fewer people are visiting physical locations some bank branches are closing says NATO back a complete bank data and that could mean more layoffs which traffic down you just don't need as many staff will say Marcos and thanks relying more and consumer loans topics as banks are opening up more loan offices those don't require as many employees as a full

Zuckerberg tells Congress he’ll delay Libra until regulatory issues are sorted

BTV Simulcast

05:34 min | 2 years ago

Zuckerberg tells Congress he’ll delay Libra until regulatory issues are sorted

"So Facebook CEO mark Zuckerberg is defending his social network before Congress let's take a listen to what some of Wednesday's exchanges between soccer Berg and lawmakers is it a currency are you a bank what is this association it's it's very it's a very complex project and and and as you say it's risky do you consider libra to be money I consider the were to be a payment system so it's like me having my money and Wells Fargo bank you could think about it that way hello you we're not a bank we're not applying for bank charter I think the right now it's like that's the problem this is a Mister soccer but that's the problem that's what we're facing here my commitment is that we're not gonna launch a in the lever payment system here or anywhere else around the world until we get the approval from F. soft in the other relevant U. S. financial regulators the American competitiveness angle and the competition with China is a national security issue in China especially they immediately kicked off this public private partnership with some of their biggest companies in order to raise to try to build a system like this quickly it will be possible conduct anonymous transaction using libra there's a whole host of problems so will libra allow anonymous transactions I think that it is an open question it's pretty hard to stop anonymous trading of I missed something there a congressman I think this is probably more of a policy issue and question them but has he has your cold currently exists can you can you transaction anonymously with glee congressman it certainly would be possible to build a system that would allow that I want to ask you a very simple question Mr Zuckerberg capitalist you socialist congressman I I I would definitely consider myself a capitalist frankly I'm I'm not sure there was learned anything new here joining me to discuss in Washington it's Keren patch or managing partner and co founder of federal financial analytics the Washington based advisory firm and also in Washington and deputy director of the open markets institute that is Serra Miller Karen let me start with you is there any more trust with regards to Facebook and libra today than there was yesterday I think nothing was answered other than the commitment that that lever will get regulatory clearances before one change but from a home how for what and whether the product exists after that I think is very much still to be determined this was a promise but not one with any specifics any timing or in my opinion and clarity are the problems here is not about libra but the fact that it's lever and Facebook in Facebook's name is attached to this project I think that certainly doesn't help I mean from the hearing today there are two takeaways in my view one is that lever at is toast number two is that rose to his leg you know he he did not do himself any favors here but the the idea that regulators in the U. S. or around the world are going to allow mark hi mark Zuckerberg ten it potentially undermine the entire U. S. financial system is is highly unlikely at this point so I don't think he did himself any favors at all and it is opened him up to being punching bag from both the right and the left on a whole host of issues that went far beyond the brass Karen you chuckled a little bit when Sarah said that lever was toast do you agree that lever feels a little bit dead on arrival no I've said that before that I think this is the worst product launch ever and that's counting the new coke and the reason for that is because they didn't understand a very fundamental fact the payment system currency financial transaction it's about other people's money social media raises a lot of privacy and many other issues but you're putting economic equality on the line when you start taking other people's money and I don't think to this day mark Zuckerberg of Facebook get that this is different Congress told him that again today from both sides of the aisle show shed and I'm not really sure they get it now is there a is Berg brought at China and said if we don't act China will on this announcement China already started making some of their digital crypto currency gains in the market as well is that an accurate statement or is he just plain to our fears about China taking over I think absolutely the latter a few years ago right we saw face back trying to find and create new censorship tools so they can launch in China so there's no real that principle here and this talking point was actually rightly called out by one of the members in hearing today which was encouraging to me saying like look I don't think this is about us using China or else having to choose mark Zuckerberg I don't think that's a real choice and he's absolutely right about that soccer Berg shouldn't be standing up there saying if you don't let me do whatever I want in China is going to take over in our economy or take over this market that's absolutely selling we shouldn't be modelled modeling are kind of corporate policy after the

Mark Zuckerberg Congress Berg Facebook CEO
"financial analytics" Discussed on KQED Radio

KQED Radio

03:03 min | 2 years ago

"financial analytics" Discussed on KQED Radio

"The deputy director of Columbia university's national center for disaster preparedness a lot of these programs don't take and in some cases are not allowed to take climate change into account still buying up loans is standard practice for Fannie Mae Freddie Mac and other government backed mortgage giants says Karen Petru it federal financial analytics these are mortgage lenders and securitized there's not meteorologists she says Fannie and Freddie rely on the. national flood insurance program to make sure their assets are protected the report said federal flood insurance policies have declined ever since two thousand six leaving more homes without fun insurance I'm just and hope for marketplace the United States became the world's top or producer this year but there are some new numbers out today raising some eyebrows about how long that might last production this July was down about two percent over a month earlier market place's got tongue explains one of the big questions people are looking at is how much will you get well the big star in the U. S. oil stories fracking technology to drill and break up what's called shale rock and get the oil out but after decades shell oil wells are showing signs of being less productive one reason they're spaced too close together kind of like planting trees too close together says Ryan Newman is an analyst at wood mackenzie you want a give wealth close enough together so that you can come to maximize your recovery but not put them so close together that you're sucking the same oil that the other while would be producing otherwise the question is whether the American shell store you started had a limit or a wall and some analysts see it it's not just the fracking it's also the money Daniel cruise at chorus research says energy investors are more stingy as profits have been low so less money is being put into the oil fields and rising production could turn downward this whole. in the reason that I think it will slip is because you're just not putting the same amount of of resource into the ground when influential bank says US well production is going flat supplies will slow in the oil and gas prices will rise even more next year but Phil dining at the energy consultancy envera says the game isn't over no problem I've always found at that betting against American anything really is not the way to go visual on gas we just need to basically to step it up on the engineering level and and we get there constantly uses profits of doom for U. S. oil production have spoken out in the past and been wrong I'm Scott Tong for market place today brings to a close the government's two thousand nineteen fiscal year and the trading quarter on Wall Street details numbers you know the drill. a company as it is Amazon really doesn't like.

wood mackenzie U. S. Daniel Amazon Scott Tong envera Phil dining deputy director analyst Ryan Newman producer United States financial analytics
OECD GLOBAL GDP GROWTH FORECAST SLASHED AS TRADE WAR, GEOPOLITICAL UNCERTAINTY WEIGH

Marketplace with Kai Ryssdal

02:54 min | 3 years ago

OECD GLOBAL GDP GROWTH FORECAST SLASHED AS TRADE WAR, GEOPOLITICAL UNCERTAINTY WEIGH

"In Los Angeles uncon- resolve Thursday today yeah I do believe the nineteenth of September is always to have you along. Everybody the watch word of this program so far this week have been monetary policy interest interest rates and how the Federal Reserve uses them to manage this economy. We did an explainer on Tuesday. The feds economic policy tool kit set the music featuring figuratively chair Jay Powell on guitar. You should check it out marketplace dot org. There was the interest rate decision yesterday featuring chair Jay Powell actually talking about the way the Fed does what it does today. It's the E. C. D. The Organization for Economic Cooperation and Development and is downgrade of its global growth forecast this morning to its lowest level since two thousand nine. Let that sink in for a second. There is the trade war yes but also there is this quote from the OECD's chief economist do not rely on monetary policy to do the job alone. The head of the European Central Bank says the same thing Jay Powell says a version of it because fundamentally central banks for all their power cannot do it all marketplace's. Mitchell Hartman explains what's going on here to try and spark some economic growth central banks from the US to Europe to China have been pulling out every tool in their toolbox of monetary policy. That's manipulating the money supply and interest rates which are now negative in some places and still says Karen Petro at federal financial analytics central banks are wrestling with the fact that they have done everything thing they could more than they ever thought they should and growth is at best in Nemec threat of recession is very real so they're kind of punting to the politicians Titians and saying now you need to use your tools fiscal policy to stimulate growth which generally means cutting taxes and boosting spending bending but not just any kind of spending says Jacob Kirkegaard at the Peterson Institute to invest more money building new real estate high hi speed Internet Education Research and development this kind of spending stimulates productivity and future economic growth here in the the US. We've already Donna version of fiscal stimulus. The massive 2017 tax cuts Douglas Holtz Aken at the American Action Forum says that's led to soaring debt and deficits. He says we should be investing in things like roads and bridges but bitter partisanship is left Congress in a state of fiscal paralysis Alexis. The poster child for this is the absolute agreement that we need an infrastructure program absolutely no ability to get it done in addition to more growth friendly fiscal policy policy central bankers and the OECD also want less confrontational more growth friendly trade policy to help recharge the global economy. I'm hi Mitchell Hartman for marketplace.

Federal Reserve Jay Powell Oecd Mitchell Hartman European Central Bank Douglas Holtz Aken Los Angeles E. C. D. The Organization For United States Jacob Kirkegaard Congress Chief Economist Europe Peterson Institute American Action Forum Karen Petro
"financial analytics" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:09 min | 3 years ago

"financial analytics" Discussed on WNYC 93.9 FM

"The financial system a big financial market went haywire this week to the point that the federal reserve yesterday had to move seventy five billion dollars in to smooth out what is called the repo market it's not about a repo crew coming to repossess your car repose or a massive market for overnight loans when that market went out a whack on Monday the fed even found it tough to keep its main interest rate from drifting off spec it is a teachable moment let's turn to Karen Petru managing partner of federal financial analytics good morning morning David would you park some money essentially overnight through these things actually what you do the entire global banking and brokerage system uses repose for overnight funding and what it is is essentially like a collateralized overnight loan and the companies use these to keep themselves afloat so if it's any point the overnight lending market stops going or even just pulls back a bit companies have a tough time knowing where their money is going to come from any D. coming into this week that market got out of whack there was this what surging demand do I have that right for these things there was a surge in demand because all of a sudden the cash that people needed to use with which to fund their. repose became suddenly short there were a number of factors corporate dividend payments a settlement due date for you the huge issuance of treasury obligations are coming due and all of a sudden it became harder and harder to find what's called liquidity in the overnight repo market and so the reason rates went up was that borrowers desperately needed to find somebody to extend them an overnight loan is this a sign this is an early scene in a financial hard movie this is the early cracks of something big. I don't think so but there were some day in day out factors that bond payments that new numbers of treasury bills being issued for which the markets had to pay and several other factors going on the question remains why why is there such a liquidity scarcity I think one reason here is the post crisis rules for banks one of the ways we may bank saying for is we said they couldn't be playing in this market the way they used to but when you take banks out of a complicated market like this there is a lot less liquidity in it and we found that out the hard way earlier this week Karen Petru as federal financial analytics always good to talk to you thank you thank you David. now the federal reserve has other fish to fry today in just about seven hours it'll finish up its meeting and let everyone know if it will lower interest rates by perhaps one quarter of one percent ahead of that decision S. and P. futures are down two tenths percent the benchmark ten year interest rate is down at one point seven seven percent..

Karen Petru financial analytics David managing partner seventy five billion dollars seven seven percent one percent one quarter seven hours ten year
"financial analytics" Discussed on KCRW

KCRW

03:10 min | 3 years ago

"financial analytics" Discussed on KCRW

"In the second sub basement of the financial system a big financial market went haywire this week to the point that the federal reserve yesterday had to move seventy five billion dollars in to smooth out what is called the repo market it's not about a repo crew coming to repossess your car repose or a massive market for overnight loans when that market went out a whack on Monday the fed even found it tough to keep its main interest rate from drifting off spec it is a teachable moment let's turn to Karen Petru managing partner of federal financial analytics good morning morning David would you park some money essentially overnight through these things Zachary what you do the entire global banking and brokerage system uses repose for overnight funding and what it is is a century writer collateralized overnight loan and the companies use these to keep themselves afloat so if it's any point the overnight lending market stops going or even just pulls back a bit companies have a tough time knowing where their money is going to come from any D. coming into this week that market got out of whack there was this what surge in demand do I have that right for these things there was a surge in demand because all of a sudden the cash that people needed to use with which to fund their repose became suddenly short there were a number of factors corporate dividend paying. and so a settlement due date for you the huge issuance of treasury obligations are coming due and all of a sudden it became harder and harder to find what's called liquidity in the overnight repo market and so the reason rates went up was that borrowers desperately needed to find somebody to extend them an overnight loan is this a sign this is an early scene in a financial hard movie this is the early cracks of something big. I don't think so but there were some day in day out factors that bond payments that new numbers of treasury bills being issued for which the markets had to pay and several other factors going on the question remains why why is there such a liquidity scarcity I think one reason here is the post crisis rules for banks one of the ways we make banks safer is we said they couldn't be playing in this market the way they used to but when you take banks out of a complicated market like this there is a lot less liquidity in it and we found that out the hard way earlier this week Karen Petru as federal financial analytics always good to talk to you thank you thank you David. now the federal reserve has other fish to fry today in just about seven hours it'll finish up its meeting and let everyone know if it will lower interest rates by perhaps one quarter of one percent ahead of that decision S. and P. futures are down two tenths percent the benchmark ten year interest rate is down at one point seven seven percent..

Karen Petru financial analytics David Zachary managing partner writer seventy five billion dollars seven seven percent one percent one quarter seven hours ten year
"financial analytics" Discussed on KQED Radio

KQED Radio

03:08 min | 3 years ago

"financial analytics" Discussed on KQED Radio

"The financial system a big financial market went haywire this week to the point that the federal reserve yesterday had to move seventy five billion dollars in to smooth out what is called the repo market it's not about a repo crew coming to repossess your car repose or a massive market for overnight loans when that market went out a whack on Monday the fed even found it tough to keep its main interest rate from drifting off spec it is a teachable moment let's turn to Karen Petru managing partner of federal financial analytics good morning morning David would you park some money essentially overnight through these things Zachary what you do the entire global banking and brokerage system uses repose for overnight finding and what it is is essentially like a collateralized overnight loan and the companies use these to keep themselves afloat so if any point the overnight lending market stops going or even just pulls back a bit companies have a tough time knowing where their money is going to come from energy coming into this week that market got out of whack there was this what surge in demand do I have that right for these things there was a big surge in demand because all of a sudden the cash that people needed to use with which to fund their repose became suddenly short there were a number of factors corporate dividend payments. a settlement due date for you the huge issuance of treasury obligations are coming due and all of a sudden it became harder and harder to find what's called liquidity in the overnight repo market and so the reason rates went up was that borrowers desperately needed to find somebody to extend them an overnight loan is this a sign this is an early scene in a financial hard movie this is the early cracks of something big. I don't think so but there were some day in day out factors that bond payments that new numbers of treasury bills being issued for which the markets had to pay and several other factors going on the question remains why why is there such a liquidity scarcity I think one reason here is the post crisis rules for banks one of the ways we make banks safer is we said they couldn't be playing in this market the way they used to but when you take banks out of a complicated market like this there is a lot less liquidity in it and we found that out the hard way earlier this week. true as federal financial analytics always good to talk to you thank you thank you David. now the federal reserve has other fish to fry today in just about seven hours it'll finish up its meeting and let everyone know if it will lower interest rates by perhaps one quarter of one percent ahead of that decision S. and P. futures are down two tenths percent the benchmark ten year interest rate is down at one point seven seven percent..

financial analytics David Karen Petru Zachary managing partner seventy five billion dollars seven seven percent one percent one quarter seven hours ten year
"financial analytics" Discussed on KQED Radio

KQED Radio

02:37 min | 3 years ago

"financial analytics" Discussed on KQED Radio

"Indexes are up so far the Dow is up eighty point three tenths percent S. and P. up five tenths percent the nasdaq up two tenths percent however this is the day that long term interest rates fell below two percent for the first time in history the thirty year treasury yield was a one point nine six percent for a moment today although it's back right at two percent as we speak when interest rates on bonds that mature a long time from now go so low that can signal recession it's also just weird analyst Karen Petru is that federal financial analytics in DC good morning good morning David well here we are unite together on the thirty year treasury yield the cell below two percent for the first time what do you make of that nothing good I'm afraid to say it the the concept of an inverted yield curve is complicated and the bond market is extremely opaque but what I think it's important to understand is that an inverted yield curve especially when rates are as close to zero as they are in below zero when you take inflation into account this is uncharted territory for financial markets financial markets live off interest rate K. X. and loan rates or investment rates at X. plus when there's an inverted yield curve that turns into X. minus and this is a very very dangerous time because the markets don't function the way markets know how to function in a weird way you know when you get into these negative interest rate situations the person with the money actually pays the central bank to hold the money instead of the central bank paying interest on the money it is a weird mirror world through the Looking Glass that is exactly right and one of the things it really does do is distort all of the incentives that each one of us lives with do we put money in the bank well that if the bank in is in a sense paying us to do that maybe now is the first time to do that I don't know the banks will do that and we're gonna have to see what happens to interest rates even at the local branch very very complicated outlook with significant impact on each of us that's true at federal financial analytics in Washington thank you very much for the race thank.

analyst Karen Petru financial analytics David Washington two percent thirty year nine six percent
Germany's Largest Bank Announces Enormous Restructuring

NPR's Business Story of the Day

02:34 min | 3 years ago

Germany's Largest Bank Announces Enormous Restructuring

"Support for this podcast and the following message come from google from connecticut california from mississippi tim minnesota millions of businesses are using google tools to grow online learn how google is supporting businesses in your state at google dot com slash economic impact germany's largest bank is restructuring deutsche bank is known for huge deals and also some big risks now as it cuts its workforce georgia bank wants to isolate the risky investments that didn't pay off by putting them something called ain't bad bank npr's jim zarroli explains don't you bank has been in the news in recent years for all the wrong reasons it paid billions in fines for crimes such as money laundering it's under investigation by congress the lungs to president trump but deutsche bank has problems completely separate from that it's made a lot of bad investments and its share price hit a record low last month yesterday the banks said it was setting up what it calls eight capital release unit also known as a bad bank polite euphemism for this is where the garbage goes karen sharp petros federal financial analytics says don't you bank is taking all the poor investments it's made eighty one billion dollars worth of bad loans and sketchy derivatives and creating a separate unit for them then once it's wrote them off from everything else the bank owns it will try to sell them it won't be easy because petrie says once you've put in as it into something called a bad bank it's pretty much stigmatized you can't pretend anymore you release said okay here on my dog he's an investors will then i try to get in the market you caught fire sale prices petrie says buyers tried to cherry pick the best assets that's cheaply and don't you think won't exactly be in a position to bargain it's bound the lose a lot of money but here's the good part once it's unloaded those bad assets it could send a message to shareholders and regulators that it's cleaned up its act and it's ready to move on it's finally in a sense bearing its soul isolating its troubled assets instead of sticking with the game face will maybe they'll soon be good petrie says this isn't a step banks take lightly

Google California Mississippi Deutsche Bank NPR Jim Zarroli Donald Trump Financial Analytics Petrie Connecticut Germany Georgia President Trump Eighty One Billion Dollars
What's a 'Bad Bank' and How Can It Help Deutsche Bank?

Morning Edition

02:16 min | 3 years ago

What's a 'Bad Bank' and How Can It Help Deutsche Bank?

"Germany's largest bank is restructuring Deutsche Bank is known for huge deals and also some big risks now as it cut its workforce Georgia bank wants to isolate the risky investments that didn't pay off by putting them in something called a bad bank and here's Jim zarroli explains don't your bank has been in the news in recent years for all the wrong reasons it paid billions in fines for crimes such as money laundering it's under investigation by Congress for loans to president trump but don't your bank has problems completely separate from that it's made a lot of bad investments and its share price hit a record low last month yesterday the bank said it was setting up what it calls a capital release unit also known as a bad bank polite euphemism for this is where the garbage goes Karen shawl Petru of federal financial analytics says don't your bank is taking all the poor investments it's made eighty one billion dollars worth of bad loans and sketchy derivatives and creating a separate unit for them then once it's rope them off from everything else the bank owns it will try to sell them it won't be easy because Petrie says once you've put an acid into something called a bad bank it's pretty much stigmatized you can't pretend anymore you really said okay here my doggies and investors will then I try to get what we in the market you call fire sale prices thank you says buyers try to cherry pick the best assets cheaply and don't your bank won't exactly be in a position to bargain it's bound to lose a lot of money but here's the good part once it's unloaded those bad assets it can send a message to shareholders and regulators that it's cleaned up its act and it's ready to move on it's finally in a sense bearing its soul isolating its troubled assets instead of sticking with the game face well maybe they'll soon be good country says this isn't a step banks take lightly it's a last resort but the strategy has worked in the past after the financial crisis a decade ago city group credits reason the royal bank of Scotland all set up that banks and they all recovered now Deutsche Bank is trying the same thing Jim zarroli NPR news

Germany Deutsche Bank Congress Donald Trump Financial Analytics Petrie Georgia Jim Zarroli President Trump Royal Bank Of Scotland NPR Eighty One Billion Dollars
Lower mortgage rates drive increase in refinance applications

Marketplace with Kai Ryssdal

01:51 min | 3 years ago

Lower mortgage rates drive increase in refinance applications

"Funnily enough the last time I sat in this chair for Chi. We talked about how mortgage rates were dropping and that was good news for the spring home buying season C pay attention. And as it happens. Those dropping rates have also kicked off a wave of refinancing. Homeowners are happy a report from analysts black. Knight says some five million people could end up saving hundreds of dollars a month each but what about the banks who make those loans? Marketplace's Megan McCarthy Carino reports they're hustling the last couple of years have been tough for mortgage lenders with interest rates around five percent. Refinancing hit a twenty year. Low many lenders had to downsize with mortgage departments at Jp Morgan and Wells Fargo losing hundreds of jobs then last week rates are continuing to fall today. Edging very close to the three percent range on the thirty year. Fix interest rates dropped for the fourth straight week in the phones. Started ringing or deadly fielding more calls we've w seen increase in activity. But hey, that's what we're here for right? We love that. Avi. Mizrahi is a lender with cross country mortgage in Boca Raton, Florida. He says the Sasken handle the current load. But if the trend continues into the summer, they may need more help refinance applications shot up almost forty percent last week to their highest level in more than two years. According to Joel con with the mortgage Bankers Association is a big deal because we're actually seeing bars come back to the marketing particularly borrowers with bigger loans who bought in the last couple years when interest rates were on the high end, but will it really be enough to spur more hiring in the mortgage industry? Garin patriot with federal financial analytics, isn't so sure. Thanks expectation is that this is just a blip mortgage rates have already started bouncing back up this week with more increases predicted later in the year. So mortgage rate watchers might want to keep their seat belts. Buckled and be ready for more bumps.

Mortgage Bankers Association Mizrahi Megan Mccarthy Carino CHI Boca Raton Financial Analytics Jp Morgan Knight Wells Fargo Florida Joel Forty Percent Three Percent Five Percent Thirty Year Twenty Year Two Years
"financial analytics" Discussed on KQED Radio

KQED Radio

04:11 min | 3 years ago

"financial analytics" Discussed on KQED Radio

"So it's designed to bridge the gap in the time that they're not getting their direct deposit from the federal government. Other banks are offering similar programs. Wells Fargo was waving late fees for credit cards the online lender. Better mortgage is letting customers delay payments with no penalty. Karen, Petra federal financial analytics says, it's not in a bank's interest to pursue a delinquent account of a furloughed worker if the person is ready to repay. Upon version of their paychecks. All you've done is angered a customer to what end many institutions are only posting banners on their websites Lear and m mental few companies actually reach out on other platforms and have more aggressive messaging. She says banks should take advantage of social media to reach out the furloughed customers in New York on Justin how for marketplace. Now aside from workers going without pay. This shutdown is also increasingly making life difficult for people and businesses who depend on government services were checking in over the next week or so with people around the country who are seeing this up close we'll start with immigration during the shutdown immigration courts are closed. Carl Shusterman is a longtime immigration lawyer based in Los Angeles, and you work for what was then known as the immigration and Naturalization Service. Good morning. Good morning. What does the fact that immigration courts, our shutdown mean for you and your clients first of all they're backlog is over three years just to get a hearing. So we're having outside of the shutdown. Just normally, yes, exactly. So people who had their hearings missed we have to tell them you're going to have to wait another three years to get your hearing. So instead of just delaying all hearings by however long, this shutdown is any hearing that happens to occur during the shutdown. Just gets put it. At the end of the line. Exactly. So you're married to a citizen, and you have a couple kids in the US, and you've been waiting three years to get your green card now, you're gonna wait six years. Well, what are the consequences to someone who is going to have to wait another three years to get a work permit for their spouse, for example? I mean, they'll have a work permit. But if they want to do things like travel out of the country. That's no can do they have to stay in the US. And wait are there any clients or examples that come to mind of people who are affected by the shutdown? Absolutely. I sort of see it from both sides because I'm a former prosecutor for immigration, but I've been in private practice for over thirty years. So I'd see people that are married to a citizen, and they're an immigration court and they've been waiting three years. And now they have to wait another three years. And then I also see people on the government side people that they probably wanted to deport because they've been convicted of. A crime or something like that? But under the present government policy. They would love to deport them. And they won't be able to for another three years is costing people people money. People job opportunities absolutely jobs required that they travel in and out of the country, and they they've been stalling off their bosses saying, oh, okay. I'll I'll be getting my green card in January two thousand nineteen. And now they're going to have to say, I'm actually not getting it until two thousand twenty two immigration court is closed. What other immigration related services are not operating during this shutdown e-verify were employers? Get to check with the government to make sure whoever they're hiring is legal other programs include foreign doctors that are working in medically underserved areas, and that's suspended as well. Carl Shusterman longtime immigration lawyer based in LA and previously worked for what was then known as the immigration and Naturalization Service. Thanks very much. You're very welcome. Let's do the numbers. The Dow Jones industrial average is down forty nine points. Two-tenths of a percent. The SNP five hundred is down a little less than a tenth of percent. The NASDAQ also down less than ten percent ten year. Treasury yield is at two point seven three percent. Microsoft.

Carl Shusterman US Naturalization Service Wells Fargo Petra federal SNP Karen financial analytics Lear Microsoft Los Angeles prosecutor New York private practice LA
"financial analytics" Discussed on KCRW

KCRW

02:08 min | 3 years ago

"financial analytics" Discussed on KCRW

"Program. So it's designed to bridge the gap in the time that they're not getting their direct deposit from the federal government. Other banks are offering similar programs. Wells Fargo is waving late fees for credit cards the online lender. Better mortgage is letting customers delayed payments with no penalty. Karen, Petra federal financial analytics says, it's not in a bank's interest to pursue it. Bill link went account of a furloughed worker. The person is ready to repay. Version of their paychecks. All you've done is angered a customer to what end many institutions are only. Posting banners on their websites says 'learn inky at mental few companies actually reach out on other platforms and have more aggressive messaging. She says banks should take advantage of social media to reach out the furloughed customers in New York. I'm Justin how for marketplace. Now aside from workers going without pay. This shutdown is also increasingly making life difficult for people and businesses who depend on government services were checking in over the next week or so with people around the country who are seeing this up close we'll start with immigration during the shutdown immigration courts are closed. Carl Shusterman is a longtime immigration lawyer based in Los Angeles and used to work for what was then known as the immigration and Naturalization Service. Good morning, Carl good morning. What does the fact that immigration courts, our shutdown mean for you and your clients first of all they're backlog is over three years just to get a hearing. So we're having outside of the shutdown. Just normally, yes, exactly. So people who had their hearings miss we have to tell them you're going to have to wait another three years to get your hearing. So instead of just delaying all hearings by however long, this shutdown is any hearing that happens to occur during the shutdown. Just gets put it. The end of the line. Exactly. So you're married to a citizen, and you have a couple of kids in the US, and you've been waiting three years to get your green card now, you're gonna wait six years. Well, what are the consequences to someone who is going to have to wait another three years to get a work permit for their spouse,.

Carl Shusterman Wells Fargo Petra federal US financial analytics Bill Justin Karen Los Angeles Naturalization Service New York three years six years
"financial analytics" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:03 min | 3 years ago

"financial analytics" Discussed on WNYC 93.9 FM

"It's designed to bridge the gap in the time that they're not getting their direct deposit from the federal government. Other banks are offering similar programs. Wells Fargo was waving late fees for credit cards the online lender. Better mortgage is letting customers delay payments with no penalty Karen Petra at federal financial analytics says, it's not in a bank's interest to pursue delinquent account of a furloughed worker if the person is ready to repay upon resumption of their paychecks. All you've done is angered a customer to what end many institutions are only. Posting banners on their websites 'learn 'em at mental few companies actually reach out on other platforms and have more aggressive messaging. She says banks should take advantage of social media to reach out the furloughed customers in New York. I'm Justin how for marketplace. Now aside from workers going without pay the shutdown is also increasingly making life difficult for people and businesses who depend on government services. We're checking in over the next week with people around the country who are seeing this up close and we'll start with immigration during the shutdown immigration courts are closed. Carl Shusterman is a longtime immigration lawyer based in Los Angeles and used to work for what was then known as the immigration and Naturalization Service. Good morning. Good morning. What does the fact that immigration courts, our shutdown mean for you and your clients first of all they're backlog is over three years just to get a hearing. So we're having outside of the shutdown. Just normally, yes, exactly. So people who had their hearings missed we have to tell them you're going to have to wait another three years to get your hearing. So instead of just delaying all hearings by however long, this shutdown is any hearing that happens to occur during the shutdown. Just gets put at the end of the line. Exactly. So you're married to a citizen, and you have a couple of kids in the US, and you've been waiting three years to get your green card now, you're gonna wait six years. Well, what are the consequences to someone who is going to have to wait another three years to get a work permit for their spouse, for example? I mean, they'll have a work permit. But if they want to do things like travel out of the country. That's no can do they have to stay in the US. Wait. Are there any clients or examples that come to mind of people who are affected by the shutdown? Absolutely. I sort of see it from both sides because I'm a former prosecutor for immigration, but I've been in private practice for over thirty years. So I see people that are married to a citizen and their immigration court and they've been waiting three years. And now they have to wait another three years, and then I also see people on the government side people, but they probably wanted to port because they've been convicted of a crime or something like that. But under the present government policy. They would love to deport them. And they won't be able to for another three years is this costing people people money people job opportunities absolutely jobs required that they traveled in and out of the country, and they they've been stalling off their bosses saying, oh, okay. I'll I'll be getting my green card in January two thousand and nineteen. And now they're going to have to say, I'm. Actually, not getting it until two thousand and twenty two immigration court is closed. What other immigration related services are not operating during this shutdown e verify were employers get to check with the government to make sure whoever they're hiring is legal other programs include foreign doctors that are working in medically underserved areas, and that's suspended as well. Carl Shusterman longtime immigration lawyer based in L A and previously worked for what was then known as the immigration and Naturalization Service. Thanks very much. You're very welcome. Let's do the numbers. The footsie in London is down seven tenths of a percent. Dow and NASDAQ futures are down in the one two three tenths percent range with the Dow future down sixty points. Ten year. Treasury.

Carl Shusterman US Naturalization Service Wells Fargo Karen Petra financial analytics London Justin Los Angeles Treasury prosecutor New York private practice three years thirty years
"financial analytics" Discussed on KCRW

KCRW

02:02 min | 3 years ago

"financial analytics" Discussed on KCRW

"Better mortgage is letting customers delay payments with no penalty Karen Petra at federal financial analytics says, it's not in a bank's interest to pursue a delinquent account of a furloughed worker. The person is ready to repay upon resumption of their paychecks. All you've done is angered a customer to what end many institutions are only posting banners on their websites. 'learn inky at mental few companies actually reach out on other platforms and have more aggressive messaging. She says banks should take advantage of social media to reach out the furloughed customers in New York on Justin how for marketplace. Now aside from workers going without pay the shutdown is also increasingly making life difficult for people and businesses who depend on government services. We're checking in over the next week with people around the country who are seeing this up close and we'll start with immigration during the shutdown immigration courts are closed. Carl Shusterman is a longtime immigration lawyer based in Los Angeles and used to work for what was then known as the immigration and Naturalization Service. Good morning. Good morning. What does the fact that immigration courts, our shutdown mean for you and your clients first of all they're backlog is over three years just to get a hearing. So we're having outside of the shutdown. Just normally, yes, exactly. So people who had their hearings miss we have to tell them you're going to have to wait another three years to get your hearing. So instead of just delaying all hearings by however long, this shutdown is any hearing that happens to occur during the shutdown. Just gets put at the end of the line, exactly. So you're married to a citizen, and you have a couple of kids in the US, and you've been waiting three years to get your green card now, you're gonna wait six years. Well, what are the consequences to someone who is going to have to wait another three years to get a work permit for their spouse, for example? I mean, they'll have a work permit. But if they want to do things like travel out of the country. That's no can do they have to stay in the US. And.

US Carl Shusterman Karen Petra financial analytics Los Angeles Naturalization Service New York three years six years
"financial analytics" Discussed on KPCC

KPCC

03:51 min | 3 years ago

"financial analytics" Discussed on KPCC

"Now about the downside of an up economy. There was a report out today. From the economic research firm rhodium group about carbon dioxide emissions in the United States of greenhouse gas, as you know, those emissions were up sharply last year, the second largest CO to increase we've seen in twenty years, which isn't great news on its face. But also it had looked for a while that we could have a growing economy without increasing pollution does look that way anymore as marketplace's replenish, your explains for centuries. The more the world's economies grew the more. They polluted the atmosphere. The link was severed for about a decade starting in two thousand and five gurney Wagner is research associate and lecturer at Harvard part of this was the recession, but a big part was moving away from coal and towards wind solar and natural gas. That's the largest driver of US reductions over the past ten years your show, Nate Aiden is a senior fellow at the world Resources Institute natural gas is cleaner than coal. But it's still pollutes. And Aden says we may have reached the limit of what it can do last year US carbon emissions rose three point four percent. According to the rhodium group booming economy contributed to an increase in emissions. Robert Jackson is a professor at Stanford. We are back for now to the traditional relationship between growth and pollution. But that relationship is not destiny. There are twenty countries are more around the world that have seen their economies grow over the last decade and seen their CO two emissions decline. In fact, emissions are down ten percent in the US compared to two thousand seven, but he says further progress is impossible without policy promoting cleaner technology. Trevor Houser is with the rhodium group and co authored the report showing rising emissions. It's not the rollback and policies that the Trump administration has adopted so much as the absence of new policy action. Houser says this year is the economy cools emissions could be flat or even decline. But not nearly fast enough to have a meaningful impact on climate change in New York. I'm Sabrina short for marketplace. Sorry to in our be careful what you wish for block is from marketplace's Nancy Marshall genzer. The economy is good as we've been reporting. It is strong, and it is stable. But there is a new report that says consumer debt bigger piles of it that is owed to less strongly. Regulated financial institutions could be a sign of economic problems ahead here. Nancy auto loan debt is up seventy six percent since twenty ten short term payday lending is also up according to Karen pitcher of federal financial analytics who also says something I forty five million Americans have less than four hundred dollars in a savings account or checking account. So if those Americans had an unexpected expense and couldn't pay up they'd be in trouble fast. Petrie says this is a powder keg with a short fuse because these loans aren't from banks there from nonbank financial institutions like payday lenders. And. More and more mortgages are from these institutions think Quicken Loans patriot says they're not regulated like banks, it'll acquitted either stress testing the too big to fail cures and all of those things after the financial crisis are limited on way to banks now talked to someone from Quicken Loans, and they'll tell you they still have to have the quitting a cushion for emergencies to get government guarantees for their loans. Bill Emerson is vice chairman of quicken capita than we could ever possibly need in a situation like that. But there's no way to verify how ready these non-banks are for an emergency. Most are privately held and don't have to open their books. Richard Stanton is an economist at Berkeley, they will claim that they maintain a huge capital Buffa, but we really have no idea because we don't get to see their financial statements. So we really don't know how well prepared the artistic five if that powder keg explodes in.

United States Trevor Houser Quicken Loans Robert Jackson Bill Emerson Richard Stanton Nancy Marshall gurney Wagner world Resources Institute financial analytics Nate Aiden Harvard Stanford vice chairman Aden
"financial analytics" Discussed on 90.3 KAZU

90.3 KAZU

02:47 min | 3 years ago

"financial analytics" Discussed on 90.3 KAZU

"The downside of an up economy. There was a report out today. From the economic research firm rhodium group about carbon dioxide emissions in the United States of greenhouse gas, as you know, those emissions were up sharply last year, the second largest CO to increase we've seen in twenty years, which isn't great news on its face. But also it had looked for a while that we could have a growing economy without increasing pollution does look that way anymore as marketplace's Benesch your explains for centuries. The more the world's economies grew the more. They polluted the atmosphere. The link was severed four decades starting in two thousand and five gurney Wagner research, associate and lecturer at Harvard part of this was the recession, but a big part was moving away from coal and towards wind solar and natural gas. That's the largest driver of US reductions over the past. And your show. Aden is a senior fellow at the world Resources Institute natural gas is cleaner than coal, but it's still pollutes in Aden says we may have reached the limit of what it can do last year US carbon emissions rose three point four percent. According to the rhodium group, a booming economy contributed to an increase in emissions. Robert Jackson is a professor at Stanford. We are back for now to the traditional relationship between growth and pollution. But that relationship is not destiny. There are twenty countries are more around the world that have seen their economies grow over the last decade and seeing their CO two emissions decline. In fact, emissions are down ten percent in the US compared to two thousand seven, but he says further progress is impossible without policy promoting cleaner technology. Trevor Hauser is with the rhodium group and co authored the report showing rising emissions. It's not the rollback and policies that the Trump administration has adopted so much as the absence of. A new policy action Houser says this year as the economy cools emissions could be flat or even decline but not nearly fast enough to have a meaningful impact on climate change in New York. I'm Sabrina short for marketplace. Sorry to in our be careful what you wish for block is from marketplace's Nancy Marshall genzer. The economy is good as we've been reporting. It is strong, and it is stable. But there is a new report that says consumer debt bigger piles of it that is too less strongly. Regulated financial institutions could be a sign of economic problems ahead. Here's Nancy auto loan debt is up seventy six percent since twenty ten short term payday lending is also up according to Karen, petro of federal financial analytics who also says something I forty five million Americans have less than four hundred dollars in a savings account or checking account. So if there was Americans had an unexpected expense and couldn't pay up they'd be in trouble fast. Petrie says this is a powder.

United States rhodium group Robert Jackson Aden Nancy Marshall world Resources Institute Trevor Hauser Petrie Harvard financial analytics Stanford Wagner Karen senior fellow Houser lecturer
"financial analytics" Discussed on KQED Radio

KQED Radio

02:48 min | 3 years ago

"financial analytics" Discussed on KQED Radio

"A couple of stories now about the downside of an up economy. There was a report out today. From the economic research firm rhodium group about carbon dioxide emissions in the United States greenhouse gas, as you know, those emissions were up sharply last year, the second largest CO to increase we've seen in twenty years, which isn't great news on its face. But also it had looked for a while that we could have a growing economy without increasing pollution doesn't look that way anymore as marketplace's revenge your explains for centuries. The more the world's economies grew the more. They polluted the atmosphere. The link was severed for about a decade starting in two thousand and five gern, it Wagner is research associate and lecturer at Harvard part of this was the recession, but a big part was moving away from coal and towards wind solar and natural gas. That's the largest driver of US reductions over the past ten years or so Nate Aiden is a senior fellow at the world Resources Institute natural gas is cleaner than coal. But it's still pollutes in Aden says we may have reached the limit of what it can do last year US carbon emissions rose three point four percent. According to the rhodium group and booming economy contributed to an increase in emissions. Robert Jackson is a professor at Stanford. We are back for now to the traditional relationship between growth and pollution. But that relationship is not destiny. There are twenty countries are more around the world that have seen their economies grow over the last decade and seen their CO two missions decline. In fact, emissions are down ten percent in the US compared to two thousand seven, but he says further progress is impossible without policy promoting cleaner technology. Trevor Houser is with the rhodium group co authored the report showing rising emissions. It's not the rollback and policies that the Trump administration has adopted so much as the absence of new policy action Houser says this year as the economy cools emissions could be flat or even decline. But not nearly fast enough to have a meaningful impact on climate change in New York. I'm Sabrina short for marketplace. Sorry to in our be careful what you wish for block is from marketplace's Nancy Marshall genzer. The economy is good as we've been reporting. It is strong, and it is stable. But there is a new report that says consumer debt bigger piles of it that is owed to less strongly. Regulated financial institutions could be a sign of economic problems ahead. Here's Nancy auto loan debt is up seventy six percents since twenty ten short term payday lending is also up according to Karen, petro of federal financial analytics who also says something I forty five million Americans have less than four hundred dollars in a savings account or checking account. So if those Americans had an unexpected expense and couldn't pay up they'd be in trouble fast. Petrie says this is a powder.

US Trevor Houser rhodium group co Robert Jackson Nancy Marshall world Resources Institute Nate Aiden Petrie financial analytics Harvard Aden Stanford Karen Wagner senior fellow
"financial analytics" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:51 min | 3 years ago

"financial analytics" Discussed on WNYC 93.9 FM

"Downside of an up economy. There was a report out today. From the economic research firm rhodium group about carbon dioxide emissions in the United States greenhouse gas, as you know, those emissions were up sharply last year, the second largest CO to increase we've seen in twenty years, which isn't great news on its face. But also it had looked for a while that we could have a growing economy without increasing pollution does look that way anymore as marketplace's revenge your explains for centuries. The more the world's economies grew the more. They polluted the atmosphere. The link was severed for decades starting in two thousand and five Garnett Wagner is research associate and lecturer at Harvard part of this was the recession, but a big part was moving away from coal and towards wind solar natural gas. That's the largest driver of US reductions over the past ten years or so Nate Aiden is a senior fellow at the world Resources Institute natural gas is cleaner than coal. But it's still pollutes in Aden says we may have reached the limit of what it can do last year US carbon emissions rose three point four percent. According to the rhodium group and booming economy contributed to an increase in emissions. Robert Jackson is a professor at Stanford. We are back for now to the traditional relationship between growth and pollution. But that relationship is not destiny. There are twenty countries are more around the world that have seen their economies grow over the last decade and seen their CO two emissions decline. In fact, emissions are down ten percent in the US compared to two thousand seven, but he says further progress is impossible without policy promoting cleaner technology. Trevor Houser is with the rhodium group and co authored the report showing rising emissions. It's not the rollback and policies that the Trump administration has adopted so much as the absence of new policy action. Houser says this year is the economy cools emissions could be flat or even decline. But not nearly fast enough to have a meaningful impact on climate change in New York. I'm Sabrina short for marketplace story to in our be careful what you wish for block is from marketplace's Nancy Marshall genzer. The economy is good as we've been reporting. It is strong, and it is stable. But there is a new report that says consumer debt bigger piles of it that is owed to less strongly. Regulated financial institutions could be a sign of economic problems ahead. Here's Nancy auto loan debt is up seventy six percent since twenty ten short term payday lending is also up according to Karen, petro of federal financial analytics who also says something I forty five million Americans have less than four hundred dollars in a savings account or checking account. So if those Americans had an unexpected expense and couldn't pay up they'd be in trouble fast. Petrie says this is a powder keg with a short fuse because these loans aren't from banks there from nonbank financial institutions like payday lenders. And. More and more mortgages are from these institutions think Quicken Loans patriot says they're not regulated like banks happ little acquitted either stress testing the too big to fail cures and all of those things after the financial crisis are limited only two banks now talk to someone from Quicken Loans, and they'll tell you they still have to have the quitting acquistion for emergencies to get government guarantees for their loans. Bill Emerson is vice chairman of quicken capita than we can ever possibly need an situation like that. But there's no way to verify how ready these non-banks are for an emergency. Most are privately held and don't have to open their books. Richard Stanton is an economist at Berkeley, they will claim that they maintain a huge capital buffer. But we really have no idea because we don't get to see their financial statements. So we really don't know how well prepared the artistic five if that powder keg explodes in Washington,.

US Quicken Loans Trevor Houser Robert Jackson Richard Stanton Nancy Marshall Bill Emerson Garnett Wagner financial analytics world Resources Institute Washington Nate Aiden Harvard Stanford Aden
"financial analytics" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

02:57 min | 3 years ago

"financial analytics" Discussed on Marketplace with Kai Ryssdal

"We're going to do a couple of stories now about the downside of an up economy. There was a report out today. From the economic research firm rhodium group about carbon dioxide emissions in the United States greenhouse gas, as you know, those emissions were up sharply last year, the second largest CO to increase we've seen in twenty years, which isn't great news on its face. But also it had looked for a while that we could have a growing economy without increasing pollution doesn't look that way anymore. Marketplace's refinish explains for centuries. The more the world's economies grew the more. They polluted the atmosphere. The link was severed four decades starting in two thousand and five gern, it Wagner is research associate and lecturer at Harvard part of this was the recession, but a big part was moving away from coal and towards wind solar and natural gas. That's the largest driver of US reductions over the past ten years or so Nate Aiden is a senior fellow at the world Resources Institute natural gas is cleaner than coal. But it's still pollutes. An Aden says we may have reached the limit of what it can do last year US carbon emissions rose three point four percent. According to the rhodium group booming economy contributed to an increase in emissions. Robert Jackson is a professor at Stanford. We are back for now to the traditional relationship between growth and pollution. But that relationship is not destiny there are twenty countries or more around the world that have seen their economies grow over the last decade and seen their CO two emissions decline. In fact, emissions are down ten percent in the US compared to two thousand seven, but he says further progress isn't possible without policy promoting cleaner technology. Trevor Houser is with the rhodium group and co authored the report showing rising emissions. It's not the rollback and policies that the Trump administration has adopted so much as the absence of new policy action. Houser says this year is the economy cools emissions could be flat or even decline. But. Not nearly fast enough to have a meaningful impact on climate change in New York. I'm Sabrina short for marketplace. Sorry to our be careful what you wish for block is from marketplace's Nancy Marshall genzer. The economy is good as we've been reporting. It is strong, and it is stable. But there is a new report that says consumer debt bigger piles of it that is too less strongly. Regulated financial institutions could be a sign of economic problems ahead. Here's Nancy auto loan debt is up seventy six percent since twenty ten short term payday lending is also up according to Karen, petro of federal financial analytics who also says something I forty five million Americans have less than four hundred dollars in a savings account or checking account. So if those Americans had an unexpected expense and couldn't pay up they'd be in trouble fast. Petrie says this is a powder keg with a short fuse because these loans aren't from banks there from nonbank financial institutions, like payday lenders and.

US Trevor Houser Robert Jackson Nancy Marshall financial analytics world Resources Institute Nate Aiden Petrie Harvard Aden Stanford Karen Wagner senior fellow New York