Georgios

[Georgios @Georgios]

@IanRHarnett The shadow banking sector / private credit / PE have become a significant lenders. Traditional bank lending is now less important and therefore the rate hikes passthrough weaker. Plus, lots of HH savings, the result of past fiscal expansion. => higher terminal rate.

[Georgios @Georgios]

Just posted a photo https://t.co/WDUxbQlS7l

[Georgios @Georgios]

@IanShepherdson Thank you @IanShepherdson. Isn’t the issue that growth has to fall well below potential to create a sufficient negative output gap for inflation to return to target?

The basic argument that we never(?) had inflation from >5 back to 2% without a recession?

[Georgios @Georgios]

Just posted a photo @ Queen Elizabeth Country Park https://t.co/QVnL2zLZLg

[Georgios @Georgios]

Just posted a photo @ The Devil's Punchbowl (National Trust Site), Hindhead, Surrey, England. https://t.co/ESZx4vwj09

[Georgios @Georgios]

Just posted a photo @ The Devil's Punchbowl (National Trust Site), Hindhead, Surrey, England. https://t.co/f195BAva68

[Georgios @Georgios]

Big Fish @ Newlands Corner https://t.co/wF7ZXiJeE5

[Georgios @Georgios]

Just posted a photo @ Buckinghamshire https://t.co/DmNulln2Ec

[Georgios @Georgios]

Just posted a photo @ Surrey Hills https://t.co/JAL71GAsgK

[Georgios @Georgios]

@charliebilello Does this metric correlate well with wage growth? It could be seen as a proxy to the (labour) output gap.

[Georgios @Georgios]

@HRGPFOREVER Maybe the elections bring a change to oligopolies. Maybe not. Things are happening fast.

[Georgios @Georgios]

@HRGPFOREVER Fair point that not all can be replaced/replicated. But grocery stores, retail shops etc is being taken over. They may expand into services one day; they have too much cash waiting. Thank you

[Georgios @Georgios]

@HRGPFOREVER Great post. Does it then mean more concentration and big companies taking market share? SPX is right, more revenue their way?

[Georgios @Georgios]

Corona Roads https://t.co/djooXzBgwk

[Georgios @Georgios]

@darioperkins PMIs should work indeed and you will have more data points than quarterly GDPs.
Also, note this paper: https://t.co/FukeoUnGK1
"most of the economic contraction is caused by the virus itself and occurs regardless of whether
governments mandate social distancing or not."

[Georgios @Georgios]

Snapping https://t.co/6ZFFEFaldy

[Georgios @Georgios]

Streets https://t.co/vhpQbeLYxJ

[Georgios @Georgios]

Just posted a photo https://t.co/GorfR0nRnk

[Georgios @Georgios]

Known Unknowns #moma @ MoMA The Museum of Modern Art https://t.co/Mzg0Kn4T5g

[Georgios @Georgios]

Liberty, Darkness #nyc #statueofliberty @ Statue of Liberty https://t.co/FIVPnSiOUN