Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆ12h ago
1 #TorstenSlok, chief economist at Apollo Global Management: daily data on #consumerconfidence shows #sentiment falling for households making less than $50,000 a year, while households making more than $100,000 are seeing #consumer confidence go up. ๐Ÿงต
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆ1d ago
1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow ๐Ÿงต
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆApr 26
#TorstenSlok, chief economist at Apollo Global Management: The #UK, #Australia, #Germany and #France are more vulnerable to higher #jetfuel #prices
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆApr 22
#TorstenSlok, chief economist at Apollo Global Management: Splitting the weekly #business formation data into industries with high #AI adoption rates and low AI adoption rates shows that the #sectors leaning into AI are pulling ahead in #newfirmcreation
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆApr 11
#TorstenSlok, chief economist at Apollo Global Management: #Tech #valuations have compressed from 40x to 20x, and we are back at levels last seen before the #AI boom began.
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆApr 6
1 #TorstenSlok, chief economist at Apollo Global Management: Reasons why #gold prices started going up in 2022: 1. #Centralbank buying driven by #de-dollarization because of sanctions when Russia invaded Ukraine 2. Worries about #US #inflation โ€ฆ ๐Ÿงต
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆMar 28
2 #TorstenSlok, chief economist at Apollo Global Management: We expect to see convergence between #FX and #yield #differentials as higher-for-longer rates in the #US continue to attract investment from abroad and put upward pressure on the #dollar. #USD
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆMar 28
1 #TorstenSlok, chief economist at Apollo Global Management: Since the #tradewar began, the dollar has traded weaker than #interest-rate differentials would have predicted. ๐Ÿงต
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆMar 26
#TorstenSlok, chief economist, Apollo Global Management: For every five dollars the US #government receives in #tax revenue, one dollar is spent on servicing the #nationaldebt.
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆMar 25
4 #TorstenSlok, chief economist at Apollo Global Management: To avoid being overexposed to just one factor, #asset allocation should deliberately increase exposure to sectors, regions and strategies whose fundamentals are less directly tied to #AI.