Month: October 2024

Vault

Larry Summers thinks the Fed will keep rates unchanged at the November meeting, but the December meeting is uncertain. He also addresses the magnitude of losses the Fed has on its Treasury purchases.

October 21, 2023

Most important line of Fed Chairman Powell’s speech, “It may be just that rates haven’t been high enough for long enough.”

October 20, 2023

As time goes on, more Convoys will happen at the margin, says Jim Grant. It’s from emerging contractionary credit markets.

October 20, 2023

Bottom line for Leon Cooperman is 20 times earnings for the S&P 500 is too high in this environment. He also thinks 5-5.5% on the 10-year is reasonable.

October 16, 2023

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