We’re skeptical of the “data-dependent” rear-view mirror approach by the FED & ECB. Refuting to provide guidance is one thing but are they listening to their crowds and acknowledging the differences?
The China play has thus far not been profitable but I refuse to back down on my underlining analysis- Yet some reconsiderations are in order and it might be the start of a larger reevaluation. But for now the course of the ship is intact
One of the big drivers behind inflation and the economic boom in 2021 is the excess liquidity that the US government created for households and consumers. But what exactly has excess savings meant for the economy, and what is the outlook? Find out here.
Despite all the recession talks and worsening economic conditions, consumers seem to be fine (for now), which might disturb our thesis of lower inflation and a recession in H2. In this piece, we’ll shed some light on the household balance sheet and deduce what it means for macro the next couple of months