Find the full show notes and research behind the episode here.
The episode covers various macroeconomic topics, including consumer and household loan defaults in the US, the state of the housing market, the employment landscape, and inflation trends. Discussions highlight an underlying weakness in the US economy, potential job report revisions, and rising loan delinquencies across household loan types. The episode also reviews the global economic situation, particularly the impact of a strong US dollar on energy markets, geopolitical tensions, and recessionary fears in Europe. Key insights on natural gas market volatility and weather pattern influences are discussed. Additionally, the conversation touches on China’s declining crude imports and refinery runs, and the implications of OPEC's future production increases.
