Michael Cheah
Michael Cheah
bad banks borrowing curve economy lend lower money rates simple slow yield
If the yield curve inverts, that is bad because banks will not lend money at rates lower than their borrowing costs. It's as simple as that and the economy will slow down naturally,
cover market people short
The market is very short and people have to cover before non-farm payrolls.
baked consumer driven driving economic growth home loans prices
A slowdown is baked in the cake. A big part of economic growth has been driven by consumer home-equity loans and if home prices are subdued, you won't have more loans driving spending.
baked consumer driven driving economic growth home loans prices
A slowdown is baked in the cake, ... A big part of economic growth has been driven by consumer home-equity loans and if home prices are subdued, you won't have more loans driving spending.
continue fed housing raising reason serious view
The Fed has little reason to continue raising rates, especially in view of a serious downturn in the housing market.
banks becomes curve economy flat lend money reluctant yield
The yield curve is flat and typically when that happens, banks are reluctant to lend money and the economy becomes vulnerable,
afraid average cost eventually goods increases labor majority people spill wages
A lot of people are afraid that increases in the PPI will eventually spill over to the CPI but it's important to put things into perspective. The majority of the average cost of goods is from labor and wages are still under pressure,
bad buying current fear investor march nobody opportunity prevailing respectful says stepping strong value
The prevailing fear for March being bad for Treasuries is so strong that nobody is stepping up to buy. The value investor in me says there's a buying opportunity in here somewhere, but I have to be respectful of the current sentiment.