High-level macro-market insights, actionable economic forecasts, and plenty of friendly candor to give you a fighting chance in the day's financial fray.
Consumer delinquencies are hitting multi year highs, meaning those credit cards will be maxxed out and turned off, and small businesses are getting their cost of credit jacked or pulled entirely. And ah yes, tax receipts are plummeting and US debt is against a ceiling. But mega cap carries on. What could possibly go wrong?
Consumer delinquencies are hitting multi year highs, meaning those credit cards will be maxxed out and turned off, and small businesses are getting their cost of credit jacked or pulled entirely. And ah yes, tax receipts are plummeting and US debt is against a ceiling. But mega cap carries on. What could possibly go wrong?
Thanks David. Great reminders about spreads. Cheers.
sitting with a position in SJB since May 1 with a stop at its April low,
Glad you seem to agree.