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Forward Guidance
Money Supply Is Falling By Most Since Great Depression | Danielle DiMartino Booth
Apr 18, 2023
01:11:55
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Quick takeaways
- Monitoring the availability of credit and the decline in money and loan growth is crucial for assessing the health of the economy.
- The auto loan market poses risks for banks, with declining car prices and the potential for defaults.
Deep dives
Potential impact of shrinking Fed balance sheet and bank earnings on the economy
The podcast episode discusses the potential effects of the shrinking Fed balance sheet and bank earnings on the broader economy. The speaker highlights the importance of monitoring the availability of credit, banks pulling back on loans, and the decline in money and loan growth. Red flags are raised when companies like CarMax tighten lending standards and demand for loans decreases. The speaker emphasizes that the current situation could lead to an impending household credit cycle and expresses concerns about credit extended to households and businesses. The podcast also mentions the risks in the shadow banking system and private debt market, with potential for fire sales and downsides if valuations converge between the public and private markets.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode