WPPB

Stacey Vanek Smith

Japan's Ninja Shortage

Jul 16, 2018

Iga, a small Japanese city and the birthplace of the ninja, is facing a serious problem — there aren't enough people training to be ninjas, not even for $85k a year. Today on the show, Sally Herships goes to Iga to discuss the city's plan to use ninjas to fight depopulation.

Music: "Master Chi"

The yield curve has a sterling record as a recession predictor. Since 1970, every time the yield curve has inverted — in other words, every time long-term interest rates have fallen below short-term interest rates — the economy has slipped into recession within about a year.

We first checked in on the yield curve in January, after a period of notable flattening. In the time since, it's continued to flatten even more. It has not yet inverted, though it keeps inching closer.

Star Spangled Indicator

Jul 3, 2018

There's a joke in China, that the first people in the world to know that Donald Trump would win the presidency were the flag makers. The reason? People were ordering a lot more Trump flags than Clinton flags.

Flags can be a symbol of national pride, a patriotic rallying cry, but they can also tell us a lot about free trade and the global economy. Today on the show, we speak with the owner of a Chinese factory that makes American flags.

Inflation has climbed above the Federal Reserve's target of 2 percent. According to the Personal Consumption Expenditures price index, the Fed's preferred inflation measure, prices climbed by 2.3 percent in the year through the end of May.

The banking industry's stress tests were put in place after the financial crisis. They're basically hypothetical disaster scenarios designed to test the strength of the financial system

This year's test was arguably one of the toughest ever, and not every bank passed. But recent regulatory changes mean that for many banks, the stress tests could be getting a lot less stressful.

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