Summit Global Strategies

Optimistic capitalist.
Understanding what’s important.
Explaining it.
Fixing it.

[Summit Global Strategies @SummitGlobal1]

The FOMC target rate is about 100 bps from being consistent with 2% inflation.

[Atlanta Fed @AtlantaFed]

June 10: We’ve updated our Taylor Rule Utility data by incorporating #BLSdata in addition to updated nowcasts from the @ClevelandFed and AtlantaFed: https://t.co/F4Pyya1lKS.

[Summit Global Strategies @SummitGlobal1]

@GabeEcon Okun: Be careful what you wish for.

[Summit Global Strategies @SummitGlobal1]

The traditional middle class shrank because so many families became better off over time, not because more people fell short. via @nytimes

[Robert Doar @RobertDoar]

In a sharp new piece for The New York Times, AEI’s @swinshi and Stephen J. Rose push back on messaging that America's middle class has disappeared or been hollowed out. https://t.co/r0z3tgqWrL

[Dominic Pino @DominicJPino]

Amazing description from Peirce of what capital markets do:

Allow strangers to work together to build the future.

[Summit Global Strategies @SummitGlobal1]

More than a few assumptions embedded in this one chart. Even so, it be nice if it all turns out to be true. via @apolloglobal

[Summit Global Strategies @SummitGlobal1]

@oren_cass @AmerCompass What ails America? I might start with all the ‘rejecting’.

[Summit Global Strategies @SummitGlobal1]

Worth repeating: Everyone is getting richer. via @LoganDobson

[Logan Dobson @LoganDobson]

Everyone is getting richer, which everyone is of course mad about

[Summit Global Strategies @SummitGlobal1]

@WSJ When politicians meddle in monetary policy, inflation inevitably follows. https://t.co/ISnvKbnHzj

[Summit Global Strategies @SummitGlobal1]

Seizing the assets of society’s most productive people is a road to economic ruin. via @TheEconomist

[The Economist @TheEconomist]

Closing tax loopholes is reasonable. Seizing the assets of society’s most productive people is a road to economic ruin. Register for free to read why https://t.co/g0k8YPs0x7

[Summit Global Strategies @SummitGlobal1]

@SoberLook @SteveRattner And consumer spending by the bottom 80% has never been higher. #levelsnotshares

[Summit Global Strategies @SummitGlobal1]

Seeing ideas like this, you’d think capitalism was some kind of failed experiment. I guess you never know what you have until it’s gone. via @WSJopinion

[Wall Street Journal Opinion @WSJopinion]

Many of America’s worst policy mistakes have been bipartisan mind melds. A new example comes this week from Bernie Sanders, who wants the feds to take ownership stakes in AI companies.
https://t.co/uTAwOd6VvY

[Summit Global Strategies @SummitGlobal1]

"The theory of the Communists may be summed up in the single sentence: Abolition of private property."

[Wall Street Journal Opinion @WSJopinion]

Many of America’s worst policy mistakes have been bipartisan mind melds. A new example comes this week from Bernie Sanders, who wants the feds to take ownership stakes in AI companies.
https://t.co/uTAwOd6VvY

[Summit Global Strategies @SummitGlobal1]

China Shock 2.0 is just old fashioned mercantilism by another name. via @FedResearch

[FedResearch @FedResearch]

ICYMI What is different about “China Shock 2.0”? It is not just an export surge: exports are rising much faster than imports reflecting more self-reliant strategy & pushing China’s trade surplus to unprecedented levels relative to the world economy. (1/2) https://t.co/f4AbdsrkXX

[Summit Global Strategies @SummitGlobal1]

@EPBResearch Yet another conflation of shares vs levels. Compensation has never been higher.

[Summit Global Strategies @SummitGlobal1]

Bond market starting to ask: is the US still the safe haven—or an LBO?

[Summit Global Strategies @SummitGlobal1]

The long-term rise in male joblessness doesn’t stem from an inability to find employment. It results instead from an unwillingness to search for work. via @jasonrileywsj

[Wall Street Journal Opinion @WSJopinion]

The premature absence of millions of able-bodied men from our workforce, combined with the continuing retirement of the Baby Boomers and significant reductions in immigration, bodes ill for the country, writes @jasonrileywsj
https://t.co/Q51A1LfGj8

[Summit Global Strategies @SummitGlobal1]

Who would have thought that a 6% of GDP deficit at full employment would mean rising inflation. How crazy is that.

[Summit Global Strategies @SummitGlobal1]

@NickTimiraos We need an independent Fed. But independence also requires discipline. Allowing inflation to run above target for the past five years has damaged the bank’s inflation-fighting credibility. https://t.co/ISnvKbnHzj

[Summit Global Strategies @SummitGlobal1]

@byHeatherLong It’s good that this aspect of the labor market is normalizing. It would also be good if more people on the sidelines were being drawn back into work, and maybe more openings will help do that.

[Summit Global Strategies @SummitGlobal1]

People will go to great lengths to avoid paying taxes. And when tax rates hit very high levels, it encourages tax avoidance and evasion. via @scottahodge

[Arnold Ventures @Arnold_Ventures]

New in @washingtonpost from @ScottAHodge: When millions of dollars in sales taxes are being routed through Montana shell companies, it's not just a compliance problem. It's a signal that state tax rates have become uncompetitive.

Read more: https://t.co/0k6bWBi3KW