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The Hustle ). • What Is the Bond Market Saying About the Economy? A Wealth of Common Sense ) see also After a Terrible Year for Bonds, the Outlook Is Better : October capped their worst 12-month period ever, and the economy is under pressure. Yet the fundamental math of bond returns bodes well for 2023, our columnist says. (
And just to amplify everything even further, China has launched a batshit crazy (and medically impossible) “zero covid” policy, locking down hundreds of millions of its own people who can no longer produce or export the things that the rest of the world’s economy had grown to rely upon.
The economy created 353,000 jobs in January, surprising to the upside. Job gains continue to support income growth, which in turn supports consumer spending and the overall economy. For a broad view of our expectations for the economy, stocks, and bonds in 2024, download our 2024 Market Outlook.
I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. So it’s been, you know, back in, in 2001, strategists were telling you to put about 70% of your money in stocks.
I would say the thing that connects them is just voracious curiosity about the world of politics and, you know, economies and trying to make sense out of it. And we sold our stake in the business to Barry Diller in 2001. So here’s the math, Barry. You know, all of these things. I became co CEO of the business.
Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.
If you are at all interested in fixed income, how you assess bonds, how you evaluate the economy, the market, what the fed’s gonna do, what clients want, how to assess risk in credit markets, well then you are gonna really enjoy this conversation. That’s where the economy was at that point. But those guys are great, right?
It’ll reduce new company formation, it’ll make us borrowing costs skyrocket, it’ll devalue the US dollar, it’s gonna cause rampant inflation and it will act as a drag on the overall economy. Wasn’t the Excel spreadsheet error, which changed their math. And their economy seems to be doing just fine.
You know, anything you dug into was a story that would tell you something about power and the trajectory of, of the Chinese economy. I love the Washington Post, but I thought, well, I better do this sleepy story, the national economy. I keep reading that, you know, consumer spending is more than two thirds of, of the American economy.
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