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Soft Landing Strip Now Very Narrow, Kolanovic Says
The landing strip's narrow for Jerome Powell.
That was one (familiar) message from JPMorgan analysts led by Marko Kolanovic on Monday.
Last week's macro data out of the world's largest economy walked a fine line. The inflation updates (CPI and PPI) pointed to slower price growth, jobless claims jumped to the highest since August and consumer sentiment printed a six-month low.
Slower inflation's unequivocally good. What about claims and sentiment? Isn't it bad when people apply for unemploymen
The discretionary spending of the “poorest and most miserable” is, I think, of rather limited economic impact. Bottom income quintile has only about 3% of total household income and their discretionary spend is say 10% of that (they spend almost all their income on non-discretionary, housing being the largest part), so if they cut discretionary spend by a third it’s only about 0.1% of total household income lost to spending. Yes, I was taken aback at these numbers, and they could be off by a factor of two.
I’m just waiting on someone to laugh at the Al Bundy reference. That’s all I was hoping for here.
You mean the guy who once scored 4 touchdowns in a single game for Polk High?
Legend.
I laughed at that, certainly the best joke in this article.
I believe your Ralph Wiggum allusion also deserves respect.
That one was epic. I didn’t expect anybody to catch it, which is why I put a link in there.
“The solution to this (obviously) is for a lawyer-turned investment banker-turned technocrat to raise the price of money so high that you go broke, become miserable, lose your job or, ideally, all three.”
Laugh out loud and it reminds Robo bank’s someone said “Isn’t the banker’s job is to steal the money while not being caught” in a letter to investors (something like that).
Dark humor aside, what a sad world.
Damn, I missed the Al Bundy reference
I read this shit too fast, it literally said Al Bundy
Every week brings more evidence that Americans no longer honor our nation’s heroes. It’s tragic: https://x.com/HOMAGE/status/1460976164755886080?lang=en
If it makes you feel better, I consider myself an old school Simpsons aficionado and I can’t seem to find the Ralph Wiggum reference.
I must not be buying enough shoes because my instant impression was that it was a brand I did not know about,
Sadly, perhaps, I’ve never seen an episode of the Simpsons, but my only nephew and his wife have both helped create it for over a decade.