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How low can it go?
Feb 19, 2025
The podcast dives into the historical low of the unemployment rate and the tightness of the current labor market. Discussions include Samsung's impactful stock buyback and its effects on investors. The complexities of proposed tariffs and their potential influence on inflation and employment are explored. Additionally, the struggles of refugees adapting to life in the U.S., particularly in a driving program, shine a light on both empowerment and challenges. The episode also addresses the evolving landscape of streaming platforms and the economic pressures they face.
25:52
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Quick takeaways
- The unemployment rate, currently at 4%, raises questions about the potential for it to fall even lower, challenging historical benchmarks.
- Discussions about tariffs indicate a potential for inflationary pressure, which the Federal Reserve must manage to control consumer price expectations.
Deep dives
The Impact of VantageScore on Financial Inclusion
VantageScore is recognized as the fastest growing credit score, widely utilized by major banks and mortgage lenders, including Fannie Mae and Freddie Mac. This credit scoring model is notable for its role in enhancing financial inclusion, as it assesses around 33 million more consumers compared to traditional scoring systems. The adoption of VantageScore by a multitude of financial institutions reflects its predictive accuracy and effectiveness in evaluating credit risks. This inclusivity is vital for empowering consumers who might otherwise be excluded from accessing credit opportunities.
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