Humor
Cartoons
December 24, 2024
Today's topics include data dependency & policy confusion, Fed policy in 2025, breaking down the U.S. consumer by income, the Fed's reverse repo facility, a different take on U.S. fiscal policy, more on stock market sentiment, Elon coming for the Fed, the BoJ cannot hold the line forever, and the idea of a Bitcoin reserve
In the latest installment of Talking Data, Alex discusses the dominance of the U.S. stock market and future returns.
Today's topics include the concern over this week's rate cut & next year's projections, the path ahead for global central banks, China yields fall below 1%, 2s10s curve steepens quickly after FOMC meeting, advice for policy makers & investors alike, the impact of immigration, lessons from past Fed pauses, a K-shaped real estate market, residential housing, and more on the risks of synthetic risk transfers
A look at outstanding amounts of Treasuries, corporates, agencies, munis and open market paper
The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period.
Private pension funds typically have much smaller funding gaps than their government counterparts.
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.
Over the past couple decades, households' real estate equity and direct stock ownership have moved in lockstep.
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.