Today’s New York Times cover
“So the people that survive are the people that have profitable businesses that generate cashflow. And the people that don’t survive are the idiots”
The fact that central bankers are paying attention and keeping liquidity intact is not a negative, it’s fine. I just don’t think it changes what’s going to happen with the potential virus spread and concomitant scary headlines.
Here’s a chart I made of the collapse in the 10-year Treasury minus 3-month Treasury spread…
The enforcement mechanism allows both sides to judge for themselves whether they are meeting the spirit of the agreement.
“the strength of US consumer balance sheets (lowest debt service obligations in 40 years) and in US labor markets (lowest unemployment in 50 years) offsets some weakness”
What would you say was the most disruptive trend of the 2010’s decade ending today?
Ben Hunt joins Michael Batnick and Downtown Josh Brown at The Compound to explain what he’s so angry about
I really enjoyed talking with former JPMorgan strategist and the founder of Fundstrat Research about how he uses the evidence to understand what’s happening in the markets.
Private equity has become the asset allocator’s asset class of choice. A recent survey of institutional investors found that 49% expect private equity to outperform the public equity market by a whopping 4% per year or more.