Mar 30, 2021
Some economic issues are just radioactive … literally
Oil storage facilities in the Permian Basin on April 24, 2020 in Lea County, New Mexico.
Paul Ratje/AFP via Getty Images
New Mexico is suing the U.S. to keep the state from becoming home to a new nuclear waste storage facility. One of its arguments is economic, and has to do with the oil and gas industry. Plus, how high is too high when it comes to interest rates and Treasury yields? And, farmers in France protest after a city mayor removes meat from school cafeteria menus.
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Segments From this episode
New Mexico sues U.S. over plans for nuclear waste storage site in the state
Marketplace’s Nova Safo has more.
At what point should we start to worry that interest rates and Treasury yields are too high?
Interest rates have been rising all year, and that’s due to two things, said David Kelly, chief global strategist at JP Morgan Funds: light at the end of the tunnel on the pandemic and fiscal stimulus. “When you’ve got a recovering economy and the pandemic is receding, it’s not so much that rates are very high now, they’ve just been really low.” As far as how high is too high? “I don’t think we should be too concerned for most transactions,” Kelly said. Home prices have risen, but Kelly says it’s not the mortgage payment that’s the problem for most people still. He said the bigger issue is the amount of debt companies and governments have issued over recent years and how difficult that will be to pay back.
Music from the episode
Discipline King Crimson
The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Daniel Shin
Producer
Jay Siebold
Technical Director
Meredith Garretson Morbey
Senior Producer
Alex Schroeder
Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Brian Allison
Technical Director
