Behind enemy lines today at a bank capital markets update:
* The current macro is “Weird, Unprecedented, elephant in the room, no crystal ball” (emphasized over and over)
* Data and indicators all going opposite directions
* Inflation is real and don’t expect rate cuts this year
* Wondered if we’d have a soft or hard landing but so far we’ve had no landing
* PE firms scratching heads because portfolio companies seem fine
* Lots of dry powder ($4T+)
* Crowd laughter when asked of risk of default from not increasing the debt ceiling “the old saying goes it’s not a concern, unless they don’t increase it, then it’s a huge concern”
96_eclipse /
npub105…nvdgp
2023-03-01 00:32:32
Author Public Key
npub105p8zdwcpjuuakp7xz02lkkyfzn3du87wtxqw3q7mk8vcerzml4slnvdgpPublished at
2023-03-01 00:32:32Event JSON
{
"id": "03c13fe557949a24cd89218a2a056291b013f21df395466ca53f799e0215d337",
"pubkey": "7d027135d80cb9ced83e309eafdac448a716f0fe72cc07441edd8ecc6462dfeb",
"created_at": 1677630752,
"kind": 1,
"tags": [],
"content": "Behind enemy lines today at a bank capital markets update:\n\n* The current macro is “Weird, Unprecedented, elephant in the room, no crystal ball” (emphasized over and over)\n\n* Data and indicators all going opposite directions\n\n* Inflation is real and don’t expect rate cuts this year\n\n* Wondered if we’d have a soft or hard landing but so far we’ve had no landing\n\n* PE firms scratching heads because portfolio companies seem fine\n\n* Lots of dry powder ($4T+)\n\n* Crowd laughter when asked of risk of default from not increasing the debt ceiling “the old saying goes it’s not a concern, unless they don’t increase it, then it’s a huge concern”",
"sig": "4d289fe4da01a4601c5a61b158d26d2184b517b51f254c3dcf3ba34d863602386bc7886aba7015a88a1562c75aad9d9044f20ed02126550cb451e1b2b1b8c92f"
}