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NoQuarter Radio’s Sense on Cents with Larry Doyle

Posted by Larry Doyle on August 8, 2009 4:33 PM |

UPDATE: The show has concluded, but you can listen to a recording in its entirety by clicking the Play button on the audio player below. Once the playback has started, you can forward or rewind to any portion of the show by clicking at any point along the play bar.


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As the markets rebound and the economy seems to recover, please join me this Sunday evening August 9th on NQR’s Sense on Cents with Larry Doyle as we dig deeper and work harder in navigating the economic landscape. Is the market and economy truly rebounding as quickly as it may appear? Is Wall Street back to ‘business as usual?’ What is the true nature of Goldman Sachs? Is the banking system properly portraying its overall health? What about Freddie and Fannie?

I am thrilled to have a longstanding veteran within the financial markets as my guest on this week’s show. Smriti Popenoe has extensive financial experience and is uniquely qualified to comment on all these topics and more.

Ms. Popenoe held senior positions within the Mortgage Portfolio Management group at Freddie Mac from 1994-2003. She was involved in the successful launch of a mortgage REIT, Sunset Financial (2004-2006). Ms. Popenoe then moved to Wachovia Bank where until this past April, she held a senior position within the Portfolio and Balance Sheet Management group.

Throughout her career, Ms. Popenoe has honed skills and insights which are at the core of our current economic debate. I have no doubt my conversation with her this Sunday evening will be nothing short of riveting. Call the show to share your thoughts or ask questions at (347) 677-0792.

Don’t miss it. Please share with friends and colleagues.

LD

  • lizzy

    I really enjoyed your show on Sunday. I couldn’t get properly logged in to ask a question. Your guest said credit became more available beginning in the l980s. I thought that interest rates were very high at that time. What impact did the rates have?

  • Larry Doyle

    Lizzy,

    You are correct. Rates were very high in the early part of that decade and ‘gradually’ worked their way down throughout the decade.

    For historical reference, short term rates in the early ’80s were in the high teens!! Ouch. Why? Fed chair Paul Volcker was trying to kill the inflation beast that came out of the Carter administration. The economy experienced stagflation during that period. It was not pretty.

    The point Ms. Popenoe was raising was that the development of the securitization markets starting in 1984 brought increased liquidity and credit into a variety of sectors of the economy.

    The pace was slow but that was the starting point and those were the building blocks to the massive securitization process which ultimately brought our economy to its knees in 2007.

    Rates have fluctuated based on inflation and the strength of the economy over the years, but the increased liquidity and credit provided by securitizations was hugely positive in bringing rates down on a relative basis.

    Glad you enjoyed the show.






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