Telis Demos
speaker
656 appearances
10 recordings
1 series
first heard Jun 2018
last heard Dec 2024
Telis Demos’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Consumer Credit Card Use Isn't Growing, and Banks Are Worried · 1 Nov 2019
podcast
But then what did they do with that money?
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A lot of that money has just sort of stayed in the banking system as deposits.
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And so there's a sense that consumers, yes, are healthy.
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People are paying back their debts.
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One thing people always look at is delinquencies and credit card payments.
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We're not seeing that.
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We're not seeing any meaningful increase in debt.
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credit risk emanating from consumers.
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But we also are seeing some sense that consumers don't necessarily feel the need to go out and do a lot of big spending and personal investment and things like that.
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And that's where I think some concern comes from that they just aren't going to be able to drive the economy forward quite as aggressively as they've been.
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The holiday shopping season is always a big time for the economy.
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The retail sales numbers have been still OK, but softening a little bit.
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So we'll see how that looks going into the fourth quarter.
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Obviously, retailers are going to pull out all the stops to try and get people to spend more.
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You're also seeing a big shift in the economy to retail.
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e-commerce and digital.
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We'll see if that brings consumers out.
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So it's certainly not the story isn't told yet, but there are some things that I think people will be paying pretty close attention to.
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Banks' fate is pretty closely tied to what goes on with the Federal Reserve and the interest rate policy it sets.
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On the one hand, of course, banks are lending money out, and when the Federal Reserve raises rates,
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Showing 441–460 of 656 · page 23 of 33
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