Good morning / afternoon / evening - please choose whichever one which best describes when ever it may be that YOU are stumbling across this weekends note… First up, lets deal with a couple / few data points from yesterday since it may well be last batch of data — of consequence — we get for awhile …
Call me a simpleton, but Simon at Bloomberg hit the gorilla right between the eyes w/a 2-ton heavy thing: MOUNTING SUPPLY. IMO it's simple math, that ever-increasing Avalanche of DEBT being main-veined into the financial markets, along with IRA 'stimulus', the economies being choked out. IMHO!
Never different this time BUT each chapter has its own details and we got used to years of zero (negative) rates so I cannot help but agree. I don’t want to but …
I just like how Steve doesn't use the word "curated" about his service! Such a goldmine of information in a 10 min read.
Call me a simpleton, but Simon at Bloomberg hit the gorilla right between the eyes w/a 2-ton heavy thing: MOUNTING SUPPLY. IMO it's simple math, that ever-increasing Avalanche of DEBT being main-veined into the financial markets, along with IRA 'stimulus', the economies being choked out. IMHO!
Never different this time BUT each chapter has its own details and we got used to years of zero (negative) rates so I cannot help but agree. I don’t want to but …
ZIRP is a CURSE, a bane to humanity!
Thank you buddy! It's just blindingly obvious to this Conspiracy Theorist!