What’s the fuss with macro? I am certainly not an advocate of market timing and I agree with the notion that trying to profit from timing market peaks and bottoms is a fool’s errand. As Buffett says Macro is important but unknowable so focus on the knowable i.e. focus on company fundamentals for the businesses […]
Credit Markets
Early warning signs in the consumer credit market?
According to the latest quarterly report on household credit by the New York Fed the total household debt rose to a new record of $13.54 trillion. It was the 18th consecutive quarter with an increase and the total is now $869 billion higher than the previous peak of $12.68 billion in the third quarter of 2008. […]