Monthly Archives: April 2024

Government transfers to households and businesses exploded to record highs during the pandemic, while central banks helped push interest rates to all-time lows. This enabled excess spending, inflated the price of goods, services, labour, and assets in most countries at … Continue reading →

Hoisington’s First Quarter 2024 Review and Outlook is available here. Always a rich and enlightening economic lesson. For those who think the impacts of the 2022-23 monetary tightening cycle are over, this concise review is worth a look. U.S. dollar … Continue reading →

I’ve frequently spoken and written about leverage-on-leverage contagion risks from the private equity and credit markets with feedback loops to real estate. Some of the articles are here. As interest rates slumped in the decade leading up to 2022, this … Continue reading →