The Liquidity Edition

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 15 April 2017

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Felix Salmon of Fusion, Slate Moneybox columnist Jordan Weissmann, and emerging-markets expert Anna Szymanski, discuss:South Africa’s credit rating downgrade to junk status.How markets aren’t responding predictably to recent economic events.Minneapolis Fed president Neel Kashkari’s beef with JPMorgan CEO Jamie Dimon over how to prevent another banking crisis. Check out other Panoply podcasts at megaphone.fm. Email: [email protected] Twitter: @felixsalmon, @JHWeissmann, @Three_Guineas Production by Zachary Dinerstein. Slate Money is brought to you by Orkin. Every home is unique, that’s why Orkin creates customized treatment plans based in science from the nation’s leading entomologists. Get 50 dollars off your first pest control service by signing up at orkin.com/MONEY And by Green Mountain Coffee. Green Mountain Coffee is passionate about making a smoother tasting cup. Try it today with $4 off, when you buy two boxes of most Green Mountain Coffee K-Cup pods at keurig.com, with code TRYGMC. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Revolute. Revolute is your perfect travel
0:04.6	companion for all things money. You can spend in over 150 currencies with great
0:09.6	exchange rates and withdraw from ATMs all over the world with no charges from
0:14.3	Revolute within your plan allowance. Sign up to Revolute at Revolute.com
0:18.3	slash podcast reward and receive 20 pounds when you make your first purchase with Revolute.
0:23.6	Until 18-plus, T's and C supply, exchange fees and fair usage limits supply.
0:29.2	The following podcast contains explicit language.
0:35.2	Hello and welcome to the liquidity.
0:40.4	Edition of slate money, your guide to the Business and Finance News of the Week, it's
0:47.1	Bank Earnings Week this week, and we are going to be talking all about banks and their total loss absorbing capacity because
0:57.1	that's how we nerd.
0:59.5	This is Jordan's, he's been waiting for this for three years.
1:03.4	He's been waiting for the opportunity to try and explain
1:07.0	what the difference is between Tier 1 and Tier 2 capital
1:09.4	in words of one syllable.
1:10.6	This is 100% false. I'm going to do my absolute best to avoid all of those words. Not one of them.
1:17.4	Deposits, loans? No, none of those words. They're the worst words. Anyway, hi.
1:21.5	This is a little quiz. Yeah, if you can, if you can, if you can, if you can, if you
1:28.0	know what Basel 3 is, then you will pass the quiz. If you don't know what Basel 3 is,
1:32.4	here's a little quiz for you.
1:34.7	If you have money in the bank, if you have a thousand dollars in the bank, is that thousand
1:39.5	dollars the bank's assets or the bank's's liabilities.
	...

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