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Mr. Griffin says that instead of us saving for a rainy day, “We’re spending, at the government level, like a drunken sailor.” He thinks the rise in the 10-year is due to the strong economy coupled with large, unsustainable deficits. …
Mr. O’Leary has a unique vantage into the small business world – of which data is actually current – and thinks America is “downsizing”. Large purchases in young people’s lives will be substituted by smaller things – smaller houses, autos,…
Nor is there a sign of a recession or a dramatic slowdown. There is no indication of significant layoffs. Mr. Harris thinks that the most depressing thing about the economy is the constant recession predictions – when there are none.
Less apparel, fewer toys and less home items are being bought, so there are some areas in the economy where there is a recession. This is a reversal of the prior years in which they were chasing demand. Mr. Cornell…
Mr. Eisman doesn’t think the Fed will lower rates next year (unless there is a bad recession) and would avoid buying the 10-year. He seems to agree with Robert Kaplan that the economy won’t slow down due to the fiscal…
The Fed will more than likely need to raise rates again. 10-year bond yields should rise. The size of the deficits, quantitative tightening, and nations selling will add to the supply. However, he doesn’t think we’ll have a “Volcker Recession”…
Mr. Fisher doesn’t think there is a clearing mechanism for the market when there is so much borrowing. As long as the fiscal authorities are out of control, we will live in a 5% world. “They (the Fed) can work…
Mr. Cooperman still thinks the market is going nowhere for a very long time and reiterates the story of the Pharoah’s dream interpreted as having 7 prosperous years followed by 7 lean years. We’ve pulled forward a lot of fiscal…
If you look at medium and long-term rates, the path of Fed policy, fiscal policy and the geopolitical landscape, it’s not a good environment for equities. We are incentivized right now to invest in fixed income. Becky Quick adds that…
2/3 of non-investment grade credit is floating rate, so they will feel the pinch in real time. However, Mr. Mudrick generally expects defaults to be “protracted” in nature, and there won’t be a tsunami wall (except for commercial real estate…