Today's topics include the election & stocks, a look at the jobs market for college grads, the crash confidence index, the widening gap in credit market access, a European fiscal union?, a note on yesterday's jobless claims, bitcoin's stealth rally, and a preview of next week's GDP number
While polls are tightening, Biden still has a comfortable lead. The betting markets see this as a much closer race.
Today's topics include the case against MMT, the case for fiscal spending, Eurozone deficits, more on Chinese bonds, the growth of private lending funds, the dollar as the world's currency reserve, Robinhood's rise, and more from Tim Duy on consumer spending
COVID cases are spiking again in Europe. Deaths are now following. Rising infection counts continue to matter for the global economy.
Today's topics include the bond ratings game in China, the junk bond market, monitoring the costs of the pandemic, savings' effect on consumer spending, a deeper dive into the labor market, everything is expensive, the 'do nothing' trade, active vs. passive, and shipping rates spike
The combination of an economic contraction reducing the supply of goods and massive fiscal and monetary stimulus supporting demand for goods should produce inflation. This should especially be the case after April 2021 when the year-over-year changes exclude the lock-down period.
Today's topics include betting on higher long rates, huge demand for EU bonds, China's growing equity markets, searching for a hedge to risk assets, bank stocks, arguing against dividends, more on Nasdaq speculation, and fixed income factor investing
A replay of our October 22, 2020 conference call