ECONOMICS

In January of this year JP Morgan CEO Jamie Dimon argued in an interview with Fortune Magazine that the record US debt 'Is a cliff…and we're going 60MPH towards it."  He claimed that the situation was a global market rebellion waiting to happen.  His comments preceded reports that the national debt was increasing by approximately $1 trillion every 100 days due to the Federal Reserve's interest rate hikes.  US debt has climbed over $11 trillion since March of 2020. (more…)

Authored by Emel Akan via The Epoch Times (emphasis ours),

Monica Lomax, a 59-year-old resident of Elkridge, Maryland, has been feeling the pinch of rising costs.

She’s had to tighten her budget, especially for groceries and clothing. Now, her shopping trips are primarily for essentials, a necessary adjustment in her life to manage the financial squeeze.

Many Americans like Ms. Lomax are putting off major life plans due to high inflation. Moving to a new home, buying new furniture, (more…)

After last week's non-stop rollercoaster, it will be a quieter week ahead for global macro with perhaps the most interesting event of the week being Nvidia's earnings on Wednesday. The company always reports a couple of weeks after the main stretch of US earnings season is over so it will act as a potent "digestif" to Q1 reporting. As DB's Jim Reid reminds us, this time last year the mainstream AI frenzy began around the time of Nvidia's results where the company (more…)