96_eclipse on Nostr: Behind enemy lines today at a bank capital markets update: * The current macro is ...
Behind enemy lines today at a bank capital markets update:
* The current macro is “Weird, Unprecedented, elephant in the room, no crystal ball” (emphasized over and over)
* Data and indicators all going opposite directions
* Inflation is real and don’t expect rate cuts this year
* Wondered if we’d have a soft or hard landing but so far we’ve had no landing
* PE firms scratching heads because portfolio companies seem fine
* Lots of dry powder ($4T+)
* Crowd laughter when asked of risk of default from not increasing the debt ceiling “the old saying goes it’s not a concern, unless they don’t increase it, then it’s a huge concern”
* The current macro is “Weird, Unprecedented, elephant in the room, no crystal ball” (emphasized over and over)
* Data and indicators all going opposite directions
* Inflation is real and don’t expect rate cuts this year
* Wondered if we’d have a soft or hard landing but so far we’ve had no landing
* PE firms scratching heads because portfolio companies seem fine
* Lots of dry powder ($4T+)
* Crowd laughter when asked of risk of default from not increasing the debt ceiling “the old saying goes it’s not a concern, unless they don’t increase it, then it’s a huge concern”