I serve as the Co-CIO at 3D/L Capital. I help our advisor partners understand market developments. My career spans 3 bear and 3 bull markets.
Feb 27, 2023 • 6 tweets • 3 min read
The big elephant in the room that hardly anyone is addressing: the cost of borrowing versus its availability. Up to this point, the Fed has only influenced the former, not the latter. And the former has not been enough to arrest end demand. 1/N
People and businesses are still borrowing to fund current consumption and investment even if at a higher cost. Even if banks are pulling back loan books and tightening standards, the slack is being picked up in private lending (read shadow banking). 2/N bloomberg.com/news/articles/…
