Q&A #155
Why so many questions about stocks? How do we square the NASDAQ and S&P 500 with swaps and curves? Was the 2008 crisis inevitable? Why didn’t prior slowdowns lead to the same catastrophic break? Is Australia in big trouble? How unusual is its current predicament? Does the world need a massive recession to bring prices back down? Can prices come back down? Is Powell being political by holding rates up? Why isn’t capital spending as negative as business sentiment proxies? How is Jeff’s Pringles “sponsorship” coming along? What would be Jeff’s critique of a ChatGPT critique of Jeff? Is this an era of Japanification?
