Taking revisions into account, excess savings at the end of January was $1.681T, or 7.8% of nominal GDP (almost in line with my estimate).
*It confirms my view that U.S. 2021 GDP will beat expectations (https://t.co/d5KPcpXceh). pic.twitter.com/Itt1zjeGlt— Christophe Barraud (@C_Barraud) February 26, 2021
The difference between the #debt in WWII and today, is that the entirety of the debt spike previously was #productive #debt used for the war effort. The debt today is almost entirely non-productive (ie. #welfare) pic.twitter.com/pwnDE3aD0J
— Lance Roberts (@LanceRoberts) February 25, 2021
We all know what is coming.
Taxpayers are on the hook. pic.twitter.com/iltW7Cj7cp
— Otavio (Tavi) Costa (@TaviCosta) February 25, 2021
Bonds – time to watch closely:
*TLT 2nd largest Volume spike of all time
*Record Volume for a DOWN day – prior was 3/18/20 (bottom)
*Drawdown near the worst in history, worse than 2013 Tantrum
*Price at key support
*ANY stabilization could trigger a sharp rally in growth Stocks pic.twitter.com/SAoXxKoCVv— Macro Charts (@MacroCharts) February 26, 2021
Morgan Stanley: "This Was A Historic Vol Shock, But It's Almost Over" https://t.co/Go0alIHaim
— zerohedge (@zerohedge) February 26, 2021