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Apr 16, 2024
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torsten: absolutely. i think the rate hikes we have had, it is already biting hard on highly levered consumer balance sheets and corporate balance sheets and particularly retail banks. the consequence is we still have the negative effects of the transmission mechanism working but it is only working on those that have debt so we are working through the process. as a sugar high starts to fade if the market does not continue to go up, you will begin to get that to dominate. you will get the risk of a harder landing. for now, the economy should be riding the wave. because of the yields being so high, probably higher than they have been for decades. that is very supportive for the household balance sheet. jonathan: to make this confusing, if we believe there will be no cuts, there will be cuts? torsten: the fed has the goal of getting inflation back to 2%. it is not a 2% -- at 2%. the trend is not the fed's friend here so the worry is it might take longer to get down to 2%. the fight against inflation is not o
torsten: absolutely. i think the rate hikes we have had, it is already biting hard on highly levered consumer balance sheets and corporate balance sheets and particularly retail banks. the consequence is we still have the negative effects of the transmission mechanism working but it is only working on those that have debt so we are working through the process. as a sugar high starts to fade if the market does not continue to go up, you will begin to get that to dominate. you will get the risk...
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joining me now is apollo chief economist torsten slok. great to see you again, as always a. >> thanks for having me. jack: you've been driving the higher for longer bus for a while. i think that friday's data point moved the market a little closer to your point of view, but you're not saying fewer cuts, you're saying no cuts at all. what's going on that a convinces you of that? >> i think what's important is we're seeing a very significant wealth effect. the stock market is up about $10 trillion since november the 1st. we're seeing credit spreads have tightened, interest rates -- where they were in october. on top of that, we've seen crypto prices also go up. these things are providing a very significant tailwind to the economy. for example, the $10 trillion increase in the stock market, compare that with last year's consumer spending total in the u.s. i was $19 trillion. so we have a very significant tailwind to the economy and consumer spending over the next several quarters because of easy financial conditions, because of the stock mar
joining me now is apollo chief economist torsten slok. great to see you again, as always a. >> thanks for having me. jack: you've been driving the higher for longer bus for a while. i think that friday's data point moved the market a little closer to your point of view, but you're not saying fewer cuts, you're saying no cuts at all. what's going on that a convinces you of that? >> i think what's important is we're seeing a very significant wealth effect. the stock market is up about...
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Apr 8, 2024
04/24
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mom.com >> the ups stores, not just the shipping store, where the shipping store believe the packing torsten the we understand this is more than a package store with a packet shifted guaranteed store the piece of months door where the water around the corner go to we should get all store the ups store be unstoppable. keep your private in both private shred today at the ups store >> i have type two diabetes, but i manage it well, it's a pill with the big story to tell i take once-daily jati easy >> jordan's works 24/7 in your body too? wash out some sugar, and four adults with type two diabetes and known heart disease, jordanians can lower the risk of cardiovascular death >> serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function and genital yeast or urinary tract infections a rare life-threatening bacterial infection in the skin of the perineum could occur, stuff giardia and some call your doctor right away if you have symptoms of this infection ketoacidosis, or an allergic reaction, you may have increased risk lower l
mom.com >> the ups stores, not just the shipping store, where the shipping store believe the packing torsten the we understand this is more than a package store with a packet shifted guaranteed store the piece of months door where the water around the corner go to we should get all store the ups store be unstoppable. keep your private in both private shred today at the ups store >> i have type two diabetes, but i manage it well, it's a pill with the big story to tell i take...
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Apr 25, 2024
04/24
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CNBC
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thank our guest for being here torsten, lori, rick and steve. >> coming up after this break, a very special interview with ftc chair lina khan with us on the continuing issue of worker non-compete. her agency banned what it means to the industry anwh id att means to you all of it when "squawk box" returns. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. >> university of maryland global campus isn't just an innovative state school, it's a school for real life, one that values the successes you've already achieved. that's why at umgc, you can earn up to 90 credits toward the bachelor's for prior learning and life and job experience, why we offer scholarships and affordable
thank our guest for being here torsten, lori, rick and steve. >> coming up after this break, a very special interview with ftc chair lina khan with us on the continuing issue of worker non-compete. her agency banned what it means to the industry anwh id att means to you all of it when "squawk box" returns. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors...