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July 11, 2022 | Pandemic Consumption Boom Now in Reverse

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

EPB macro has a knack for distilling complex macro forces into key trends. This video focuses on US consumption, but the trends are similar in Canada and other major economies.

The housing and durable goods sectors are the cyclical engines of economic growth. When these sectors are hot, the whole economy booms. But what happens as these sectors cool? Here is a direct video link.

“The Federal Reserve is laser-focused on inflation and will continue tightening monetary policy until the recession arrives.

This is extremely dangerous because inflation and employment are coincident/lagging indicators. By the time employment and other coincident data show glaring weakness, it will be clear that the Federal Reserve was accelerating interest rate hikes into a recession.”

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July 11th, 2022

Posted In: Juggling Dynamite

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