Friendly reminder of where we are at
With another hike on the table for July
Honestly, we’re in uncharted territory
Enjoy the calm waters while they last pic.twitter.com/PoiWPlwLYf
— Amy Nixon (@texasrunnerDFW) July 9, 2023
FHLB advances as bad as GFC ( i.e. banking stress) 👀 pic.twitter.com/K029UsIxbh
— DJ (@jay18047638) July 9, 2023
— Sensible Moderate (@sensiblemoderat) July 9, 2023
It's not a question of *if* relatively-high rates break something, but rather: what next, when, and how badly?
But new stock buyers are settling for an Equity Risk "Premium" nearly the same as CPI adjustment on short TIPS, totally exposed to the downside.t.co/sf3fOvgjQA t.co/w7qRKx7Vhr pic.twitter.com/jXJPRS984L
— Eventually Consistent Capital (@EventuallyCC) July 9, 2023
Household checkable deposit year-over-year is showing a similar setup to the Financial Crisis
Back then, it ended up in a recession pic.twitter.com/qKQYv1Fbc6
— Game of Trades (@GameofTrades_) July 9, 2023