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You might know it as the dismal science, but a conversation with Bill Handel, Chief Economist of Raddon, a Fiserv company, is anything but dismal.  It in fact is an enlightening romp through the complexities and confusions of today’s global economy.

In the show Handel makes a prediction about the future of interest rates - and, no, don’t expect an imminent return of 4% 30 year fixed rate mortgages.  

He also talks about how young adults are adjusting their financial habits to navigate today’s economy.

Importantly, too, Handel explains what is going on in the White House’s attempt to reset the global economy - and he indicates that the present economy is something of an artifact of the aftermath of World War II so there are reasons to think a reset is in order.

But how is a credit union CEO supposed to navigate in a global economy that is filled with uncertainties? Handel’s advice is to create plans that feature built in flexibility - because, really, you don’t know where interest rates will be a year from now.  Staying flexible will be key to succeeding, he says.

Handel also says that the operating margins of credit unions have to improve.  Period.  He tells why in the show.

Dismal science? Not in this show.  Here, economics becomes an exciting tool for navigating what’s coming at us.

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