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Preparing Your Business for a Recession

Michigan CFO

A recession disrupts the economic environment your business operates in. Traditional economic statisticians define a recession as two consecutive quarters of GDP decline. Most are looking primarily at jobs numbers, heartened by steady low unemployment and modest job growth. What Is a Recession?

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China Finds A Blockchain-Based Replacement For Checks

PYMNTS

The insecurity comes from the large number of third-part intermediaries that have sprung up in the economic ecosystem, which function in much the same way that banks do when it comes to issuing checks.

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OCC Defines Top Threats To Banks This Season

PYMNTS

The federal banking system is, and should be, a source of strength for the nation and its economy. When it is running well, it powers tremendous growth and economic prosperity for consumers, businesses and communities across the country,” said Keith A. Today, the federal banking system remains healthy,” he continued.

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You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

CFO News Room

In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.

Banking 100
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The Fastest Path To Faster Payments In The US

PYMNTS

The cost associated with check processing and the lose-lose business model for check clearing imposed on banks by the Fed is one of reasons that checks are such a drag on the financial system. The mandatory check-at-par system forced on banks by the Fed sets up a bunch of perverse incentives for both sides.

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The Roil Over B2B Payments Rails

PYMNTS

Buffet’s expertise in the economics of railroads grew out of his childhood fascination-turned lifelong interest in them. railroads were responsible for $274 billion in economic activity and employed 1.5 The economic impact of railroads isn’t felt only in the U.S. In 2014, the last time data was publicly reported , U.S.

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Transcript: Edward Chancellor

Barry Ritholtz

I mean, I didn’t want to blow my own trumpet up too much because most of the positions were in place, the quality funds, which more defensive and less leveraged, and low allocation to — a relatively low allocation to equities, and then the hedge funds sort of long/short positions that benefited in the financial crisis.