Today's topics include existing home sales don't look good, the Fed doesn't have an understanding of inflation, yen carry & tech stocks, the IMF declares inflation beaten, what to think of China's stimulus, Jurrian Timmer comments on RRP & the TGA, money markets climb to new high, new leveraged loan record, investing for the long run, and global population decline
While official retail sales data remains strong, lower-income household spending has been somewhat stagnant for a couple years now.
10-year yields have risen almost 60 basis points since the Fed started cutting rates, more than any other period after a first rate cut since at least 1989.
This week's update looks at presidential betting, Electoral College betting, the polls, the election models and the potential of a red wave.
In the second quarter of this year, retirement assets rose to $40 trillion, ten times the size of the assets in 1974.
As sellers' leverage in the market dissipated and mortgage rates increased, many homeowners decided to stay put in their existing homes. New listings dropped markedly since June 2022.
Updating the changes in central banks' balance sheets
A long-term look at inflation adjusted gold
Some interesting charts from our recent posts
Today's topics include consumers still feeling inflation's bite, in search of neutral, term premium turns positive, equity risk premium, the markets & politics, an eye on the yen, and Nvidia vs. the world