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May including everything from Student Loans to car payments to mortgages, the number more than triple that of april its the latest sign Unemployment Benefits and stimulus checks arent enough to fully cover the expenses what happens to the consumer and the economy and the stock market its not good its something weve alluded to for a while. Go and look at wells fargos First Quarter they reported in the middle of april. They took a 14 billion loan loss provision which was up 413 year over year by the way, when they report i think in the middle of july, that number is probably going to go up again and further anecd e anecdotal proof that wells fargo is trading below tangible book value. The banks have been trying to tell the story, but the Broader Market has sort o ....
I dont believe in long preambles but i feel that i should say a few words before i Start Talking about technology. The first thing is that i am well aware that many of you have no idea going on. So thank you for showing up out of the spirit of pure curiosity. Tim s speaks very well of you. I know those really big names. So i feel very honored to be here. So who am i. I write a column for the undercover columnist for the Financial Times. It is really good. I recommend it. Thank you sir. [laughter]. The second thing is that i do radio. Adagio for service they called 50 things that makes economy. And all about numbers and how we think about numbers and how number sometimes stray sometimes. It helps us understand the world. I also have a podcast with a gentleman called malcolm gladwell. Cautionary tales which is all about things going wrong and sometimes in tragic ways and someti ....
Writers festival. This is 45 minutes. Please welcome tim harford. [applause]. Thank you very much everyone. Host i dont believe in long preambles but i thought i should say a few words. I am well aware the many of you have no idea who i am printed as a thank you for showing up on the spirits of pure curiosity. It speaks very well of you. Even though its a really big name for the festival. I feel very honored to be amongst them. So who am i, few things. Already called the undercover columnist for the Financial Times. It is really good. I recommend it printed thank you sir. [laughter]. The second thing is im with radio. I chauffeur the media world service, fifty inventions that shaped the modern economy. And how we think about numbers and how numbers sometimes lead us astray. They help us understand the world. And i also have a podcast with a gentleman called Michael Lewis and ....