Slow-Motion Slowdown

Slow-Motion Slowdown

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The Fed Paints itself into a Rate-Hiking Corner

In the Broadway musical, Fiddler on the Roof, Tevye, the well-meaning patriarch of a poor family, has to make some tough choices in a complicated time. Tevye, (who always reminded me of my father-in-law, Bill), has trouble deciding and three times during the play the music comes ...  Show more

The New, New Normal

The era of low growth, low inflation and super-low interest rates that followed the Great Financial Crisis was christened by Mohamed El-Erian as “The New Normal”. While this episode largely came to an end with the post-pandemic growth and inflation surge, real interest rates had ...  Show more

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The hidden opportunities in a slowing economy. November 10, 2023
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Morgan Stanley Braces for a Soft Landing
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Runaway inflation. Surging interest rates. Bank failures. For a while it seemed like all of these issues would combine to trigger a US recession. Not so fast, says Morgan Stanley’s Seth Carpenter, the bank’s global chief economist. He joined the What Goes Up podcast to explain wh ...  Show more

Why Les Nanberg expects a recession before this year ends
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Les Nanberg of Cornerstone Wealth Management in Boston said he sees big slowdowns in economic activity around the world, including the United States, and ntoed that itnerest rate cuts will not do much to stem weakness, especially with a trade war making growth and recovery more d ...  Show more

S&P's Gruenwald: There must be 'a landing, 'there will be a slowdown'
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Paul Gruenwald, chief economist for S&P Global Ratings, says that the economy must land but the question is 'Can it land in a reasonably smooth way or do we have a sharp correction downward' that triggers a recession. Gruenwald says the Federal Reserve has been surprising the mar ...  Show more