PCA is so much fun to watch. He's a true ambassador of the game. So much talent, emotion, and love for baseball. He truly has the total package. Our favorite player. #MVPete
1/3 Fed Chair Warsh says that he values capital market signals. The US Treasury yield curve is starting to flash a warning sign. The difference between 10- and 2-year paper is +25 bps and, whenever it goes negative, recession often ensues...
@munster_gene Liquidity is being sucked dry from this A.I. circular trade. Fed raises 50bps in December putting further pressure on funding availability. All of this A.I. BS will continue to unravel
ATL Fed's Taylor rule tool shows alternatives to the fed funds rate much higher than current rate, and rising - seems more a question of whether the Fed goes higher than 25bps in Dec, as opposed to whether they hike at all...
“If they’re not willing to hurt the labor market to bring inflation back to 2 percent, then they’re not willing to bring inflation back to 2 percent,” said Mr. Dutta. “It’s really that simple.”
12.9% of credit card balances in the US are 90+ days delinquent, near the highest since 2011.
10.9% of student loan balances are now 90+ days delinquent, the highest since 2019.
5.7% of auto loan balances are now 90+ days delinquent, the highest level on record.
Share of consumers citing an erosion in their living standards due to higher prices rose to 57% in November, matching May’s record reading, according to latest @UMich Consumer Sentiment Survey