Josh Smith

Father, Husband, Finance, Macroeconomist, Private Credit, Basketball

[Josh Smith @SummitJoshSmith]

@pboockvar @5thrule What are the units here? I assume 0.670M = $670b?

[Josh Smith @SummitJoshSmith]

@UrbanKaoboy @robinbrooks_j I'm not sure I understand the logic here. At least in the Econ 101 framing, the only reason demand declines in the US is due to higher prices (supply curve shifts up) which by definition isn't deflationary.

[Josh Smith @SummitJoshSmith]

@dampedspring @BobEUnlimited Isn't the Import Price chart from FRED in USD? And therefore, if import prices are rising, it offsets the falling dollar? Said differently, foreign exporters now need more dollars to stay whole in their local currency since the dollars are worth less.

[Josh Smith @SummitJoshSmith]

@BobEUnlimited Lower YOY though:

[Josh Smith @SummitJoshSmith]

@trinh_pham13 @KevRGordon You’re totally right. Missed that it was CC only. Comment about defaults and bankruptcies holds though.

[Josh Smith @SummitJoshSmith]

@UrbanKaoboy @profstonge Not sure that is the right narrative on investment. Looks like it can mostly be explained as a surge in wholesaler inventories in March (import offset) and aircraft.

[Josh Smith @SummitJoshSmith]

@EphSports In the Purple Valley, we also remember Pete Davenport ‘94 for going 1 for 2 from the line with 45 seconds left to seal the 35 point victory over Vassar in the Purple and Gold Classic.

[Josh Smith @SummitJoshSmith]

#twiceasbice

[Josh Smith @SummitJoshSmith]

@wagsocialcare #store14488 leave your store feedback here

[Josh Smith @SummitJoshSmith]

@PaulBegala