Macro v. Fundamentals

The podcast episode covers various macroeconomic topics, including consumer and household loan defaults in the US, the state of the housing market, the employment landscape, and inflation trends. Discussions highlight an underlying weakness in the US economy, potential job report revisions, and rising loan delinquencies across different household loan types. The episode also covers the global economic situation, particularly the impact of a strong US dollar on energy markets, geopolitical tensions, and recessionary fears in Europe. Key insights on natural gas market volatility and weather pattern influences are discussed. Additionally, the conversation touches on China’s declining crude imports and refinery runs, and the implications of OPEC's future production increases.

Note: There will be no podcast episode on Dec 2. Happy Thanksgiving! See you again Dec 9.

‍

Access the research behind the episode

‍

Show Timeline

00:00 Introduction

01:19 Macroeconomic Headlines: Consumer and Household Loan Defaults

05:10 Employment and Inflation Trends

07:42 The Strong US Dollar and Its Implications

10:59 Global Economic Concerns: Europe and Beyond

18:36 Geopolitical Tensions: Russia and Ukraine

24:36 Natural Gas Market Dynamics

33:19 China's Crude Imports and Refinery Runs

39:05 Conclusion and Thanksgiving Wishes

‍