2 Torsten Slok, chief economist, Apollo Global Management: … and #hyperscalers judged that #AI-driven returns would exceed the higher cost of #capital.
In effect, one of the traditional channels through which #monetarytightening slows activity, a pullback in #commercialconstruction …🧵

▶️ 💸 🇺🇸 #EmergingEconomies are no longer as vulnerable to US #MonetaryPolicy as they once were

🏦 The latest #MonetaryTightening in the #USA between 2022 and 2023 resulted in outflows of portfolio investments by non-residents

Read François Faure's editorial in #EcoWeek 👉 spkl.io/63329A1HzR

Chartbook 308 Stock market turmoil from the perspective of the very long-run. On the pod last week, Cam Abadi and I got into the wild gyrations in stock markets over the last ten days.

“But thanks to #financial liberalisation the scope for financial upsets in a #monetarytightening cycle is much greater, as the collapse of #SiliconValleyBank and others showed last year.” adamtooze.substack.com/p/chartbook-...