Market is lighting up...
Love it when people measure inflation volatility (nerd alert)...
This is what normalisation looks like...
To the market ...
Credit in US CRE ...
As owners take their marks ... so banks and creditors take their losses ...
Credit in US CRE ...
As owners take their marks ... so banks and creditors take their losses ...
Whatever the US trend ... office markets are in rude health in the RoW ...
German GDP ...
Chart that we should all have in the back of our minds ...
Unexpected events can have a big influence on CPI and climate and geopolitical risks will mean that charts like this will continue to haunt the minds of those of us with long (ie pre-GFC) memories ...
Making a great point on US ...
Rates need to come down somewhat - the fuxed rate lag that has cushioned US consumers on the way up will bit if rates don't come back down to a lower level ...
Chips ...
Great briefing note ... tech is pivoting - its shifting from infra light to and infra heavy ... and that is capex intensive and needs different skills sets ...