Serving professional money managers. Tweets are an exchange of ideas not investment advice. Life is short, if you're a jerk, you'll be unceremoniously blocked.
Jul 18 • 5 tweets • 1 min read
Many people on the Street are unjustifiably attacking Governor Waller. He is debasing himself to succeed Powell in service of Trump, or so the thinking goes. Ah yes, he is bending over backward by pointing out that the US economy is not in fact as good as the White House claims.
Importantly, what Waller says will be taken seriously by the decisionmakers around him. Many of his colleagues are not far behind his views and almost none of them are in contention to lead the Fed next year. Is Mary Daly debasing herself too?
Sep 22, 2021 • 11 tweets • 2 min read
We know anecdotes aren’t a substitute for hard data. But, here is a thread of commentary from recent company earnings calls on the issue of supplemental unemployment insurance and labor supply constraints. We will add more as the earnings season rolls on.
$AZO: In the last 5 wks or so, things have changed a little bit. I don't know if that's directly related to the change in enhanced unemployment or not, but we have seen a meaningful improvement in the ability to hire people in both the distribution centers & the stores over time
