Today's topics include Bernanke bashes the Fed, fund managers hoarding cash, plenty of uncertainty about effects of balance sheet normalization, bear market rallies, the dollar's rise, anecdotal evidence of a hot labor market, oil demand during recessions, and growth vs. value.
The mix of fiscal and monetary stimulus in recent years created an extra 3% inflation in the U.S. The Fed intends to remove this excess stimulus by creating a reverse wealth effect.
With Q1 2022 earnings season underway, we check in on expectations. Revenue and earnings growth expectations have accelerated in recent weeks and company guidance has shifted back to positive.
Today's topics include Blankfein sees recession, are price controls coming?, the public roundtrips, the result of China's zero-covid policy, the euro's slide, stronger dollar, investors sticking with Cathie Wood, wheat prices, ECB quantifies the effect of harsher Russian sanctions, a cash influx for shale companies, and credit market pain
It is too early to determine if Monday's 10-year peak of 3.20% marks the high of the cycle.
Today's topics include behavior in the markets, no longer can we rely on stocks, valuations, diesel prices sky high, housing markets, Powell to cause 'some pain', the age of inflation, wheat supply, junk bonds feeling pressure, and crypto's wild week
Household debt in the U.S. rose to $15.84 trillion in the first quarter.
Consumers are being cautious with their lines of credit, using just 20% of their credit limit.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.