Today's topics include Jim discusses the 2023 outlook & the jobs market, sizing up off-balance sheet debt, interpreting the yield curve's inversion, housing's lagging contribution to inflation, how long can stimulus money hold up the economy?, checking in on the supply chain, global GDP's declining prospects, crude oil vs. energy stocks, and REIT outflows
Friday's payroll report was good; it showed an expanding economy. But in this "good news is bad news for markets" world, this good report tanked risk markets, especially NASDAQ stocks. Then Wall Street/investors spent all day convincing themselves this was really a bad report.
Today's topics include The Fed starts guiding expectations for February meeting, more on wage growth, a call for 5% long-term inflation, the end of easy money, checking in on recession indicators, a note of caution on Europe's energy crisis, the dollar's fall since late September, the effects of long covid, and verifying crypto reserves
Payrolls beat estimates for the eighth straight month. The markets took this upside beat in stride, keeping an eye on the upcoming inflation release.
Today's topics include credit market has rose colored glasses, Blackstone real estate fund restricts redemptions, not so ESG, Lagarde talking up the inflation fight, one way to see how wrong predictions will be in 2023, gold reserves, UK food costs, and shoring up capital requirements
Both U.S. and global bond total returns bounced back in a big way in November. However, one positive month is a drop in the bucket compared to the year's miserable returns.
Today's topics include soft landing really means a miracle landing, short expiration options, rental market finally turning over, US debt clock, what matters more: talk or data?, society and stocks, energy markets, savings in the United States, small business hiring lagging larger firms' hiring, student housing shortfall, and the importance of due diligence: avoiding FTX
The evolving energy crisis in Europe has caused many to question global dependence on non-renewable energy sources. Access to cheap forms of energy is necessary to produce the goods that power the global economy. What lies ahead now that these forms of energy generation are becoming more expensive?