Stacey Vanek Smith

Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money. She's also a correspondent for Planet Money, where she covers business and economics. In this role, Smith has followed economic stories down the muddy back roads of Oklahoma to buy 100 barrels of oil; flew to Pune, India, to track down the man who pitched the country's dramatic currency devaluation to the prime minister; and spoke with a North Korean woman who made a small fortune smuggling artificial sweetener in from China.

Prior to coming to NPR, Smith worked for Marketplace, where she was a correspondent and fill-in host. While there, Smith was part of a collaboration with The New York Times, where she explored the relationship between money and marriage. She was also part of Marketplace's live shows, where she produced a series of pieces on getting her data mined.

Smith is a native of Idaho and grew up working on her parents' cattle ranch. She is a graduate of Princeton University, where she earned a bachelor's degree in comparative literature and creative writing. She also holds a master's in broadcast journalism from Columbia University.

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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Sallie Krawcheck, formerly a senior Wall Street executive at Sanford Bernstein, Citigroup and Bank of America, recently founded Ellevest, an investing platform for women. We invited her to play a game of overrated/underrated and weigh in on everything from the gender pay gap to South Carolina barbecue to the scourge of the standing desk.

The Plight Of The Living Dead

Jun 20, 2018

For the U.S. government, keeping track of who's alive and who's not is important. There are after all a lot of benefits associated with being alive — Medicare, Social Security benefits, voting. But the system for confirming who's actually dead is far from foolproof.

The Venezuelan economy has collapsed. Years of economic mismanagement and a deepening political crisis have led to a recession that has almost no parallel in recent memory.

But explaining just how bad things have gotten is also really hard because the normal economic indicators that we use to measure a country's economy have started to sound so so unfathomable — 25,000% inflation, for example — that it feels impossible to get our heads around them.

The trading relationship between the U.S. and China has been tense lately, defined by escalating tariff threats and bellicose rhetoric on both sides. The problem with tariffs though, is that they they often come with unintended consequences.

But if the U.S. wants to address China's questionable trade practices and counteract the negative effects of free trade, what is the government to do?Economist Jared Bernstein walks us through some of the alternative options for dealing with trade challenges.

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