Cushion of Monetary Policy. And so falling upon one of the data points of trade, we will talk a little bit about Monetary Policy with as part of the discussion that the talk of the role of the Balance Sheet in a little bit. So, randy crosser, and you know both of these books, and former with the chicago fed, and now with the school in chicago and now at johns hopkins, and after leaving time with the feds. And so, we are now in the third longest economic expansion that we have had. One of the questions is, will policy change of what is being discussed with the monetary fiscal policy to extend that expansion or not. In light of the discussion about the looking at the we at fannie mae look at the 10year treasury all of the time. And that started to rise back in july with the ecb holding steady, and post brexit in the end of july with the d. O. J. Saying they would reassessment the negative rates in july, and then we started a gradual rise at that point, and accelerated with the president
Today i will be talking to professor lisa servon from university of pennsylvania and author of unblinking of america that was just released this month. Thanks for having me. Host why did you write the book was written for . Guest i rode it because i could not understand originally why alternative financialservices like payday lenders why so many people were using them in the course of my research i learned that banks were not serving the lowend and i also realize there were some good alternatives coming on board part of the first book i have written that is not academic eroded for the policymakers, those working for financialservices industry and you and me that may not be happy with the financialservices theyre currently using. Host what do mean by alternative Financial Service providers blacks what is that and why is it called alternative . Guest ic consumer financialservices industry into three components one is a mainstream component the second is alternative checked cashiers or pa
Both in the construction and execution of Monetary Policy. Following on one of the data points, trade, i guess were going to talk a little bit about Monetary Policy. As part of that discussion, the fed has started to talk about that being the role of its Balance Sheet. Well talk about that in a little bit. So randy, i think all of you know both of these folks. University of chicago, former governor at the fed, now with the university of chicago. And john foust, a number of years at the fed, now at john hopkins but on leave back to the fed. You just cant quit the fed. So were now in the third longest economic expansion that weve had. One of the questions is will policy change which has been discussed both in monetary and fiscal policy extend that expansion or not. In light of the discussion about the Mortgage Backed component of the feds Balance Sheet, ive been looking we at fannie mae look at the tenyear treasury all the time. That actually started to rise back in july with the ecb Hol
How the new middle class survived. And lisa thank you for being here. Thank for having me. great to be here. Who did you write the book for . I wrote the book in a nutshell because i could not understand originally why if alternative Services Like check cashers and pay day lenders were so bad for people, why so many people were using them and in the course of my research, which took a few years, i learned that banks were not really serving the low the low and increasingly the middle class and i also realized that there were some good alternatives coming on board and i wanted to tell that story. The first book i wrote thats not an academic book, its for wider audiences. I wrote it for policy makers, for people who are working in the Financial Services industry and also for people like you and me, who may or may not be happy with the consumer Financial Services that theyre currently using. Great. Lets talk a little about what you mean by alternative Financial Services providers. So, lets
You on the open. Meeting and maralago. U. S. President trump is looking for a concrete outcome from his xiks with chinas premier jinping. Than an hourless and a half away from the cash trade. It will see a sea of red. Red across the board. Were looking at not massive losses but the ftse futures down 7 10 of 1 , the dax and cap futures down. 41 . Keep an eye and equity trade when it opens 28 minutes and 30 seconds from now. Take a look at declining in the bund yields. Very interesting. It is still off from where it was yesterday. Investors have gotten in and bought it looks like some kind of safe haven protection, pushing the yield down to 2. 5 4 . Over the first half hour of trade you can see we have, but little bit. Interesting to keep an eye on that bund yield. Guy the features futures are interesting. Keep an eye on that, we will talk about that as we work our way through the morning. U. S. Trade will be paid a great deal of attention to. The nikkei was down by 4. 1 . And parcel ofd