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‘This Is The Big One, Elizabeth!’
Several dozen (at least) members of the financial Twitterati nearly lost their wits on Thursday when
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I think October would be the opportune time for a swoon.
A pet peeve – the Philly Fed survey is just that, a SURVEY. It is not hard/real economic data.
Just like those consumer confidence surveys which are pretty useless when it comes to predicting actual retail spending.
Thank you everyone.
Bull flattener making money, gold calls way up, nasdaq put spreads nicely green too. Now delta hedging and calling it a pretty good week.
I’ve never understood why it was so hard for people to accept that the bigger the base, the slower the growth. 2.4% is all were going to get with nearly any combination of artificial stimulus. Obama got it, Trump’s getting it, any Democrat or Republican will get it. As long as real wages stay flat, population growth slows (those immigrants we don’t want any more were buying more stuff .. growth), and consumers’ debt capacity declines, growth will stay low … ish. The only reason we need growth is to make our debts and mistakes less painful. With what low rates are doing to pensioners, corporate pension liabilities, savers, etc., you have many tens of millions who just can’t afford more “stuff” and growth won’t be there.