February 20, 2023| Inflation came in slightly higher than expected, with shelter costs as a major contributing factor. Despite this, we continue to believe this trend will reverse as a slowing housing market pulls down prices. Source: thedailyshot
...February 20, 2023| Retail sales saw an unexpected boost this week, but the increase in credit card debt to finance spending will likely pose a long-term concern. We need to keep an eye on this risk, despite the near-term boost an increase in spending will provide. Source: thedailyshot
...February 20, 2023| Retail sales saw an unexpected boost this week, but the increase in credit card debt to finance spending will likely pose a long-term concern. We need to keep an eye on this risk, despite the near-term boost an increase in spending will provide. Source: thedailyshot
...February 20, 2023| Banks are tightening their lending standards, this is likely not good news for the economy. Historically, this trend has led to fewer loans issued, resulting in less liquidity and more volatility. Source: thedailyshot
...February 13, 2023| Rapid recovery + federal stimulus = public coffers filled to the brim. States hold $137 billion in reserves, vs. $134 billion in 2022. They’re better prepared for any potential recession.Confirms our overweight positioning in municipal bonds. Source: Wall Street Journal
...February 13, 2023| Sweden’s economy is a great forward indicator and cautionary tale for the rest of the European Union. Despite the improvement in the global economy, the lack of consumer demand in select sectors, coupled with higher interest rates are having an impact on growth… not good for the European Union. Source: Gavekal
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