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Mr. O’Leary says all of the fiscal stimulus is going to the S&P 500 firms, and they are the ones that can get the bank lending. If the smaller firms want funding, they have to go to the private lenders…
It may behoove the younger generations to speak with someone over 65 years old about their history and experience of interest rates. For everything, there is a season, and we may be headed away from constantly falling interest rates for…
Mr. Summers doesn’t think there will be much economic contraction, and we could even see a 5% Q3 GDP number. “Substantially enlarged government budget deficits means substantially more absorption of saving; means substantially more demand; and all of that means…
Mr. Ren asks, “How can China’s Lehman moment not be here already?” Unlike in the U.S. where large firms simply unload their recourse and non-recourse bad properties to the banks, China continues to refinance these loans with special bonds. This…
Jack Ablin of Cresset Capital also thinks that homes in the U.S. are $100K overvalued based on median income measures to current interest rates. Brian Sullivan interviews the panel. Mr. Gerli’s data indicates many SFR investors slowly being squeezed with…
Mr. Summers, who has been one of the most accurate economists since Covid, thinks inflation will run minimally at 2.5%. Additionally, the CBO thinks the deficit will be 7% of GDP by the end of the decade. With term premiums…
He states that the time to worry was last year when bond prices were falling. He also thinks that duration risk is lower this year than last year, and the Fed will cut rates next year. Inflation will come down…
Anna Ashton from Eurasia group has heard that youth unemployment numbers could be worse than the last reported rate by Beijing of over 21%. It could actually be as high as 40%. She says some problems in China could be…
Mr. Sperling believes that inflation will stay between 3-5% due to energy prices and wage pressures.
Joe Kernen wonders if we will have to pay the piper after all the Keynesian stimulus, which the younger leaders may not understand. Mr. Bannister does not think we will reach inflation adjusted highs again in the S&P 500 for…