Category Archives: Main Page

Higher debt costs are economic death by a thousand cuts

Posted on July 7, 2023 by Danielle Park

Fed minutes on Wednesday telegraphed that voting members plan another 25 bps rate hike this month and 25 more by November. Market implied rates are shown below in blue versus expectations last week (pre-minutes) in orange. While rate cuts are … Continue reading →

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When doves cry

Posted on July 6, 2023 by Danielle Park

The US Fed expects a “mild recession”, and plans to keep rates higher nonetheless. That resolve will be tested as the lagging unemployment rate moves higher through 2024. Fed Minutes Show Concern Over Inflation, Job Market — DiMartino Booth with … Continue reading →

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Insolvency bull market

Posted on July 6, 2023 by Danielle Park

Insolvency trustees are the financial undertakers. They endured a bear market when easy credit enabled extend and pretend habits for the masses. Now the undertakers are entering a boom time as their phones “ring off the hook.” Hoyes, Michalos published … Continue reading →

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