Good morning … 2011 called and it wants it headlines back? HERE is the rest of the commentary AND for some of the snark, ZH: Fitch Cuts USA's AAA-Rating, Cites "Fiscal Deterioration, Erosion Of Governance" And … The Hobbit offers her official response
Believe I've discovered the lag in the incoming recession call. It's the BARBIE/SWIFTY economy stupids! Never mind 5-10B in monthly unpaid student loan debt, 20-30B monthly for employee retention, who once said a few billion here and there, pretty soon it's real money. Though I'd prefer Mo' MONEY! Never mind that 2T of incoming treasury issuance. It's as if New Deal 7.0 is at work. Mystery solved! Thanks for the air time :)!
PS: 2T in issuance, manufacturing in recession, bank walks and failures, WTF is this economy exactly again? Oh yeah STONKS UP!
Excellent piece today and thanks for the shout out!
Given the focus this week on US issuance, US economic data and of course US yields... great to read all of the differing views /opinions and street content on the topics
Believe I've discovered the lag in the incoming recession call. It's the BARBIE/SWIFTY economy stupids! Never mind 5-10B in monthly unpaid student loan debt, 20-30B monthly for employee retention, who once said a few billion here and there, pretty soon it's real money. Though I'd prefer Mo' MONEY! Never mind that 2T of incoming treasury issuance. It's as if New Deal 7.0 is at work. Mystery solved! Thanks for the air time :)!
PS: 2T in issuance, manufacturing in recession, bank walks and failures, WTF is this economy exactly again? Oh yeah STONKS UP!
Great work !!!
The Absolute Fiscal Insanity of the Biden Administration, was finally called out.
Janet Yellen needs to "Shut Up" and do her job.
Joe Biden needs to not run in 2024.
The Left's Modern Monetary view, that the Gov't can borrow endlessly is a DISASTER , in waiting.
Excellent piece today and thanks for the shout out!
Given the focus this week on US issuance, US economic data and of course US yields... great to read all of the differing views /opinions and street content on the topics