Small Business Sales Expectations as Bad as Worst Part of Global Financial Crisis
Too pessimistic?
Default Rates Still Very Low
Default and foreclosure rates could double and… it would only represent a return to normal default rates
Adam Rozencwajg: We’ve Under Invested in Energy; Oil Market Dangerously Tight
“In the energy space we’ve had a huge amount of mal-investment”
Emerging Market Debt Crisis
It’s at least worth contemplating how close we are to the crisis peak
Shipping Crunch Over
It seems likely that the year-over-year peak in inflation is in the books
German Retail Sales Drop the Most Since Adopting the Euro
Germany is pretty clearly in recession
Gundlach: We Must Stop Printing Money; Hard Landing Not Guaranteed
“Job #1 is that we make it as improbable as possible that we decide that money printing is a solution for us again”
Is the US in a Recession?
Technically yes, practically no
