Lyn Alden
Founder of Lyn Alden Investment Strategy. Blended finance and engineering background. GP @egodeathcapital. BoD at https://t.co/FHNz9MBftH.
عرض في 𝕏سلاسل التغريدات
New Case-Shiller home price index data point out today, and it's a new high. Back during the subprime mortgage bubble, house prices surged way more than money supply. But in this...
The wider-than-normal divergence between loose fiscal policy (which is stimulating) and tight monetary policy (which slows things down) contributes to wider-than-normal divergence...
Here's a chart of large bank cash as a % of total assets: https://t.co/M0neOzFKOX
A challenge for "team transitory" on the topic of inflation is that unless inflation runs well *below* the Fed's target for a while, prices won't be returning to the prior trend: h...
In the run-up to the 2008 crisis, owner's equity in real estate as a percentage of total real estate value reached record lows (i.e. it was highly leveraged). Today, it is around...
Heading back to Egypt for the rest of the summer. Over the past 18 months or so, the Egyptian currency has been cut in half relative to the dollar. So my little wad of cash that...
Headline CPI down big for June, with energy prices being the key swing factor. https://t.co/iDgB7aoehw
The two biggest source of broad money creation are 1) bank lending and 2) fiscal deficits. In the 1970s inflation saga we had lending dominance, while in the 1910s, 1940s, and 202...
Saying that bank deposits are money but bank reserves are not money, is kind of like saying food comes from the grocery store rather than the farm.
People often ask how long it'll likely take to get CPI back down to 2%. That question kind of assumes that once it gets back there, it'll stay there. 🧵 https://t.co/shKTGZduVh
Unsurprisingly, @LukeGromen identified the duration problems and unrealized losses in the banking system in recent months more accurately than most. https://t.co/zJeam2UBRs
The Fed's QT since 2022 sucked cash reserves out of small banks more quickly than large banks this time. Small banks are already back at cash ratios they reached during the 2019 r...