Daily Archives: January 24, 2024

Well-documented policy lags suggest that central banks have done more than enough to reverse the inflationary impulse over the next 12 to 24 months. As the rate of inflation comes down, real interest rates (overnight rate less CPI) rise (better … Continue reading →

Hoisington Management’s latest Q4 quarterly review and outlook is now available here. With some risk markets still drunk on blind optimism, the list of recessionary indicators grows longer by the day. Real-world facts always matter in the end. Hoisington summarizes … Continue reading →