MACRO This weeks macro focus was on slowing growth in China, and how this may affect global economy. US consumer still remains strong with shrinking but still reasonably large cash reserves (10.6% of total household assets), above the pre-covid cash…
MACRO US had already a few good quarters of growth after pandemic. Last quarter US had a significant growth in productivity, and most recent employment report shows modest increase in hours and payroll, which can indicate further boost in productivity.…
MACRO We are in a new regime of higher global costs of capital and increased probability of tail risks due to intensified geopolitical tensions. Geopolitical fragmentation caused by competition between US and Chaina and emergence of the competing blocks, which…
