Great article, though comparing European deleveraging to the US is unreasonable in our current state. The US has massive entitlement programs, the largest military in the world, and the least healthy & least skilled constituents; which all 3 of these are incredibly difficult to dial back. I definitely believe it’s possible, but it could take decades (time we don’t have). We haven’t seen enough from DOGE, and tariffs will likely curb GDP growth. I’m hopeful because I live here, but the situation is dire and likely more similar to German hyper-inflation (previously Zimbabwe, bad example!), not Ireland.
Will be tricky that's almost a given ... will update this as we move along, complementary also will have the future recurrent state on the U.S. economy where more angles are covered!
Loved your joke about the comparison between countries and couples. Combined with this article it completely shifted my thinking about household finance. 🤯📉📈
Beautiful deleveraging. I like that. Like most things in life, it's funding the perfect balance. I hope this admin can. Bessent seems to understand the larger picture...or I hope he does.
Great work as always. I just realised that through the all you can browse through the chart only - like a carousel (not that I don't read the articles, but it's a different experience)
Oh yes, that works nicely! When I do my charts I strive to have them speak 80% of the whole post, especially for folks already familiar with the matter. Charts only to take about 1 minute for a 10 minute read. Then the commentary as nuances, my net take and open to further opinions and considerations.
Great article, though comparing European deleveraging to the US is unreasonable in our current state. The US has massive entitlement programs, the largest military in the world, and the least healthy & least skilled constituents; which all 3 of these are incredibly difficult to dial back. I definitely believe it’s possible, but it could take decades (time we don’t have). We haven’t seen enough from DOGE, and tariffs will likely curb GDP growth. I’m hopeful because I live here, but the situation is dire and likely more similar to German hyper-inflation (previously Zimbabwe, bad example!), not Ireland.
Glad to hear Peter!
Will be tricky that's almost a given ... will update this as we move along, complementary also will have the future recurrent state on the U.S. economy where more angles are covered!
Have a great week!
Loved your joke about the comparison between countries and couples. Combined with this article it completely shifted my thinking about household finance. 🤯📉📈
Glad to hear Clay :) ...
HH finance is key ... and ideally it is with a monthly surplus, or at least 'balanced' ;).
Cheers!
Beautiful deleveraging. I like that. Like most things in life, it's funding the perfect balance. I hope this admin can. Bessent seems to understand the larger picture...or I hope he does.
Glad to hear Gerry, great take, similar hopes here and glad with Bessent in the team!
Cheers!
Great work as always. I just realised that through the all you can browse through the chart only - like a carousel (not that I don't read the articles, but it's a different experience)
Glad to hear George!
Oh yes, that works nicely! When I do my charts I strive to have them speak 80% of the whole post, especially for folks already familiar with the matter. Charts only to take about 1 minute for a 10 minute read. Then the commentary as nuances, my net take and open to further opinions and considerations.
Cheers!