Hi, everyone. We’re starting off Wednesday looking at the troublesome state of negative interest rates are, and how this can impact our banking and credit systems. ETFs have seen growth for over a decade, and this has resulted in them becoming a focus for investment. Mortgage applications decreased last week by 3.1%, trending against expectations in a low-interest rate market. We look at a fascinating article that breaks down the science of data analytics in projecting uncertainties. And a new court settlement has YouTube paying $170 million for violating child privacy laws.
Markets may need to be rebuilt on a new set of assumptions, but we don’t know what those should be or how they would work.
ETFs are eating the stock market, and investors should be delighted.
Mortgage application volume decreased 3.1% last week, according to the Mortgage Bankers Association.
BEHAVIOR & SOCIETY
Researchers have found that the misunderstanding can be prevented if forecasters instead show a number of possible paths.
The settlement, announced Wednesday, was passed in a 3-2 vote by the commissioners along party lines. The two Democrats voted against it, saying it did not go far enough to punish YouTube.