Q&A #164
After the eSLR is reduced, will big bank dealers respond? Tech seems immune from scary labor data Powell is now seeing, is there any way Mag7 is eventually hurt by broken consumer? Did Jerome finally bend the knee? Commercial loans are on the rise, do we know who is taking out these loans? Are they loans to the real economy or just the financial sector? Is Jeff’s opinions on market/interest rates based on what happened in April 2025? Was the inflation due to fiscal policy surprise the past few years? Will there be sustained low interest rates like 2009-20? Does Jeff believe the history of central banks began in Sweden and how does this history impact the US central bank? How laughable was it over Fed governors going “stupid it up” over rate cuts? To what extent is the safe haven status of Treasuries being called into question? How likely is there a shift to others like Swiss or German? Does Jeff worry he is being overly bearish compared to how the market has played out?
