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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Author Archives: Danielle Park
Inflation and interest rates: all roads lead back to Rome
A. Gary Shilling’s excellent August Insight is out today (subscription only); some takeaways can be found in his recent Bloomberg Quint article here: With bond yields, something has to give, here’s the punch line: The yield on the benchmark 10-year … Continue reading
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Climate challenges for the economy much larger than COVID
Some have the fantasy that consumer spending and corporate profits are constrained only by the rate of credit growth…COVID is like a taster plate for the natural world challenges now unfolding for humanity and our economic system. Solutions come in … Continue reading
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Recommended book: The Other Half of Macroeconomics
Nomura Research Institute Chief Economist Richard Koo’s 2018 book The Other Half of Macroeconomics is one of the most worthwhile reads I have had in some time. Written for general consumption, Koo explains what most experts and laypeople misunderstand about … Continue reading
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