“the Fed has overcorrected so badly it’s hastening the long-feared recession” One of the most respected economists from my school @JohnsHopkins @steve_hanke https://fortune.com/2023/05/30/money-doctor-steve-hanke-johns-hopkins-inflation-recession/…
“the Fed has overcorrected so badly it’s hastening the long-feared recession” Read More »
This is precisely the point: Nominal income growth (income driven) is maintaining elevated nominal spending which is further maintaining elevated inflation in 5% range! Recession may be needed to curb this spending by reversing the income growth maintaining it.
Patterns exist with Earnings & all Economic Data: Revise LOWER & then BEAT. Lower expectations to make things “look better” but they are decelerating Y/Y. Consistent downward pattern. Don’t fall for the headlines of “beats”
Patterns exist with Earnings & all Economic Data: Read More »
Small businesses are under squeeze – higher COGS&exp, margins Compressed & top line pulling back from lower demand.Remember, smaller businesses are MORE sensitive to rising cost of debt & capital & all higher costs. Think smaller businesses, banks, etc. Many will fold or be
Restaurants busy. Airports busy. People traveling. Nominal spending up due to wage inflation & tight labor market but what about the disparity between nominal & real?! Is this really in line with output & productivity?!
Restaurants busy. Airports busy. People traveling. Read More »
How does tightness of labor market affect inflation? Wages continue to fuel nominal spending that drives nominal demand. We need contraction in economic activity that brings down nominal spending to be more inline with output. A recession may be necessary.Always a great read
How does tightness of labor market affect inflation? Read More »
We need a recession and hard landing to bring down inflation. Agree? Let me add, Cleveland FED has CPI Core RISING again M/M +.46. yes, inflation still RISING. Entrenchment. Nominal spending needs to come down in line with output.
We need a recession and hard landing to bring down inflation. Read More »
#CRE next shoe to fall?! Did you know that most #CRE loans are held by $KRE Regional Banks? HIGH Vacancy Rates https://thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/regional-banks-commercial-real-estate-worries/…
#CRE next shoe to fall?! Read More »
Excellent discussion with @JulianKlymochko about #Bitcoin & @AccelerateFT Carbon-Negative BTC ETF $ABTC on @TheROShowPod Julian outlines some key points for #BTC as alternative currency & storage of value. The Future of Money Watch Now
Excellent discussion with Read More »
Let’s look at the MEGA tech earnings to foretell or confirm the economic outlook going forward. I will be brief and to the point here. It is about the future not the past so let’s see what AMAZON had to say in its Conference Call. Let me provide backdrop. When the “past” numbers came out
