Apr 23, 2018

04/23/2018: The cost of money

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We begin today with a number, a relatively simple number that brings with it meaning for everybody in this economy who has debt: 3 percent. That's the interest rate that the government's 10-year Treasury note is getting really close to,…

Segments From this episode

Why democratic leaders can't deliver long-term economic growth

Political leaders tend to favor short-term policies.
Storm clouds fill the sky over the U.S. Capitol Building, June 13, 2013 in Washington, DC.
Mark Wilson/Getty Images

We begin today with a number, a relatively simple number that brings with it meaning for everybody in this economy who has debt: 3 percent. That’s the interest rate that the government’s 10-year Treasury note is getting really close to, for the first time since January 2014. In isolation, it’s not a huge deal, but in the context of the low-rate environment, it’s really something. We’ll start today by explaining all the hype. Then: What you need to know about French President Emmanuel Macron’s visit to Washington, and a follow-up to that hefty fine the government hit Wells Fargo with last week. Plus: Horror movies are back from the dead, making big money on small budgets.

Music from the episode

Pick Up Bonobo
Wonton Medeski, Martin & Wood
I'm In Love - Poolside Remix Fool's Gold, Poolside