Tickerguy On RLA (Interview)
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2024-05-15 07:00 by Karl Denninger
in Interviews , 113 references Ignore this thread
Tickerguy On RLA (Interview)
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Come and get it!

Yet another interview with Dennis; we talk about the recent employment reports, inflation and how a huge percentage of the employment "adds" are in places that benefit the employee, of course, but are "parasitic" in terms of the overall economy -- that is, they're costs rather than benefits.

I also comment on the interest rate environment and Fed policy -- and note why the Fed is almost-certain to stay out of the market from roughly July forward until after the election.

We also touch on the personal savings rate, increases in credit card balances and the view that short rates near 5% are "high" (they're not; they're historically normal and in fact balanced -- if inflation was 2%, which it isn't.)

You can get the full interview here!