The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
August 3rd, 2009
Episode 168 of 964 episodes
The recession's showing signs of up, but the credit crisis isn't over. Banks still aren't lending like they used to, to families or businesses. Ira Jersey, head of U.S. interest rate strategy at RBC Capital Markets, can tell you why. Put simply, it's that families and businesses have borrowed too much already. They're continuing the long, slow and painful process of paying the debt down or writing it off.