As promised, I will always start out the new month with a blast from the past. This piece below from 2019 might be my favorite on the relative importance of monetary vs fiscal policy. Enjoy!!! $1.9 trillion of crowding out, pork, and redistribution - January 20, 2019...
Earlier this week, I attended the annual Atlanta Fed Financial Markets Conference, something I have been doing regularly for over a decade. This year, there were four reserve bank presidents and two board members in attendance, along with plenty of current and past...
A version of this commentary will appear on the CNBC Pro website today: https://www.cnbc.com/2024/05/08/david-zervos-blame-traders-living-in-rate-cut-la-la-land-not-the-fed-for-recent-market-turbulence.html In the last 2 months of 2023, the market added an additional...
Before providing a few comments on the results of today's FOMC meeting, I wanted to take care of two unrelated issues. First up, a quick logistical update. Below is list of my upcoming speaking events in May and June. If you would like to participate in, or check...
Before addressing some key macro issues that have dominated my recent discussions with clients, let me say a word about geopolitics. There are plenty of financial market professionals who fancy themselves armchair polemologists. These folks try desperately to...
The CNBC video below from one month ago, after the hotter CPI prints to start the year, is worth revisiting today. I particularly like the title CNBC chose to go with for the clip: "We don't need rate cuts to get risk assets to go higher, says Jefferies' David Zervos"...
The CNBC video below from one month ago, after the hotter CPI prints to start the year, is worth revisiting today. I particularly like the title CNBC chose to go with for the clip: "We don't need rate cuts to get risk assets to go higher, says Jefferies' David Zervos" Here are a few follow-up […]
