Bo Christensen

PM & Tactical Asset Allocator. And big fan of global macro.

[Ben Bernanke @benbernanke]

In new research, I argue that our models and forecasts for the economy must be more inclusive of credit-market factors and that the housing bust alone can’t explain the severity of the Great Recession: https://t.co/obzpl3xbsQ #BPEA #FinCrisisLessons

[Klaas Wynne @klaaswynne]

I have lived in the UK for more than 22 years, teaching British kids physics and chemistry at University. At the end of March, I risk becoming an illegal alien and I am dismayed that most of my UK colleagues and friends don’t seem to give a damn. #800daysInLimbo #PeoplesVote

[NowThis Impact @nowthisimpact]

Fox News tried coming after Denmark's social safety net. This Danish politician's retort was legendary.

[Bo Christensen @BoBejstrup]

Is US employment about to accelerate further? More banks are easing credit standards - a positive for near term growth prospects #macrobond

[Bo Christensen @BoBejstrup]

US banks continue to ease credit conditions for companies. A(nother) near term positive for growth!

[Federal Reserve @federalreserve]

Now available: quarterly survey on bank lending practices covering bank loans to businesses and households: https://t.co/nExPseEey1

[Bo Christensen @BoBejstrup]

The implication of this chart is simple - Chinese domestic demand continues to drive growth. #china #macrobond

[Bo Christensen @BoBejstrup]

I first did this chart 8 years ago. As relevant as ever! ALWAYS be aware of revision risk and never underestimate the US consumer #macrobond

[Joe Weisenthal @TheStalwart]

Holy crap. The cost of a cup of coffee just hit 2 million bolivars in Venezuela. It was just 1 million earlier this month, and now the pace of inflation is surging past 1 million percent. https://t.co/uYVUR8PbHb

[Michael Batnick @michaelbatnick]

The market cap of the top 5 S&P 500 companies:

$4,095,058,706,432

The market cap of the bottom 282 S&P 500 companies:

$4,092,769,755,136

[Federal Reserve @federalreserve]

Now available: quarterly survey on bank lending practices covering bank loans to businesses and households: https://t.co/1QciE4csEH

[Macrobond @MacrobondAI]

A new version of Macrobond out today... Seasonal adjustment for Chinese New Year, the Cholesky method, and lot's more. If you haven't yet - go click on the yellow banner! https://t.co/TtADzeQRxy

[Bo Christensen @BoBejstrup]

Weak overall March credit flows in #China with a collapse in trust & entrusted flows. This is outstanding from a longer term perspective!

[Christopher Wylie 🏳️‍🌈 @chrisinsilico]

Suspended by @facebook. For blowing the whistle. On something they have known privately for 2 years.

[Erik Fossing Nielsen 🇪🇺 🇺🇦 @ErikFossing]

I’m banning @facebook in my household until further notice. https://t.co/su8XkddwtB

[Bo Christensen @BoBejstrup]

The importance of this cannot be understated. Chinese housing continues to surprise on the upside! #China #macrobond

[Anders Svendsen @SvendsenAnders]

While momentum is decent in Euro-area inflation it almost entirely comes from food and energy prices. The underlying price pressures are almost non-existent.

[Bo Christensen @BoBejstrup]

(3/3) ...on a "momentum" basis has normalised since the out sized swings of early 2017. Some sort of shock might very well derail this (think oil, FX, etc), but with solid growth and less slack, the baseline forecast has to be that inflation will move close to target. Soon!

[Bo Christensen @BoBejstrup]

(2/3)...we focus on core PCE inflation EXCLUDING HC (HC is about 20% of core PCE), then core inflation has been absolutely normal during this expansion. And...

[Bo Christensen @BoBejstrup]

(1/3) As markets await US inflation data with some anxiety, I am still surprised as to how little attention is paid to the role of Health Care inflation - HC has been unusually low (up until very recently) contributing 30bps LESS than the pre-crisis norm. If...