Author Archives: Danielle Park

The US Money Supply has contracted 1.7% over the last 12 months (graphed below, courtesy of Charlie Bilello)–the largest year-over-year decline on record (data back to 1959). Many other countries, like Canada, have seen a similar trend. This massive liquidity … Continue reading →

Thirteen years of ultra-loose monetary conditions, followed by the sharpest tightening cycle in 40 years, have wrought record household debt service payments (in orange below, courtesy of The Daily Shot) and a record low savings ratio (grey line) Year-over-year growth … Continue reading →

EPB Macro’s February cyclical update is now available (paid subscription sign-up is here) Eric has kindly allowed me to share a free video link to this month’s report with JD readers. Very well done, as usual; worth the consumption time.