When loan growth contracts, we generally have a recession.
On our son’s 18th birthday in May, he opened up a Robinhood account with $500 in savings. We were in the midst of covid lockdowns, so he bought stocks in companies he thought would do well in that environment. The first stock he bought was a vodka manufacturer…not sure why he thought they would be […]
A slightly irreverent take on interest rate markets and the economy.