Tough situation for central bankers.
Do they continue to fight inflation? Or do they keep raising rates in the middle of a credit/banking crisis? pic.twitter.com/yE5JngM72B
— Wall Street Mav (@WallStreetMav) March 20, 2023
200 bps worth of cuts this year?
I think that is a feasible scenario by now
1/n pic.twitter.com/sK50eGf8YL
— Andreas Steno Larsen (@AndreasSteno) March 20, 2023
This remains the most important macro chart of this decade.
Parts of this investment thesis are already playing out:
▪️The growth to value transition
▪️Failing 60/40 portfolios
▪️Commodities supercycle
▪️Peak cheap energy prices
▪️The bursting of speculative
▪️Expensive Tech… pic.twitter.com/LGIHqmuuuP— Otavio (Tavi) Costa (@TaviCosta) March 21, 2023
End of an Era: $1 Pizza Slices at NYC’s 2 Bros. Pizza Are Toast