New York
Joined September 2009
- Tweets53
- Following2K
- Followers4.3K
- Likes19
Joe Rennison retweeted
Good story. Map well with the WSJ story early this week. While the US talks about tariffs and falls in trade, China continues to export its way out of its property slump -- with enormous global implications
nytimes.com/2025/06/17/busin…
Joe Rennison retweeted
Good news on inflation! U.S. consumer prices FELL 0.1 percent in June, and were up just 3 percent from a year earlier. "Core" prices, stripping out volatile food and fuel, were up 0.1 percent from May and 3.3 percent from last June. Data: bls.gov/news.release/cpi.nr0……Live coverage: nytimes.com/live/2024/07/11/…
Joe Rennison retweeted
According to a recent BofA survey wealthy young people:
1. See real estate as the greatest opportunity for $ closely followed by crypto
2. U.S. stocks are last (!!)
3. Bc 72% of the youth (!) say "it is no longer possible to achieve above average investment returns in stocks and bonds" (and somehow it's possible in real estate)
4. They also highly consider the sentimental value of an investment (and they love watches)
Also more than half of wealthy younger Americans surveyed said the U.S. economy is "very good" or "excellent", roughly twice the rate of older Americans...
Joe Rennison retweeted
In theory, shadow banks make the system more resilient by taking risks out of actual banks.
In reality, "dependencies turn into vectors of shock transmission and amplification, forcing authorities to intervene and to do so en masse," per this spicy @NewYorkFed post.
libertystreeteconomics.newyo…
Just 12 companies have led the S&P by market cap since 1926; AT&T, Apple, Cisco, duPont, Exxon Mobil, Exxon Corp, Standard Oil of NJ, General Electric, General Motors, International Business Machines, Microsoft, Philip Morris, Wal-Mart, and now Nvidia. nytimes.com/2024/06/18/techn…
Joe Rennison retweeted
More signs central bankers in Europe don’t want to be held back by Fed troubles with sticky inflation
UK inflation could stay near 2% target for three years, says BoE rate-setter ft.com/content/4b9acf23-bec8… via @ft
The US markets desk has gone from strength to strength and remains in very capable hands under the superb leadership of @EricGPlatt and with star reporters @kateduguid and @NicholasMegaw.
2
1