What if Items Are as They Appear…? 
I See Sloshy Stagnant Things 
Econ Update from the Distilled Perspective 
By Patrick T Bulger

Keeping it simple… 

Until Currency looks strong, It looks weak. 
Economic Activity Low, 
Demand Low, 
Global Trade Low, Sloshy. 

Until Collateral Demand Increases, It looks weak. 
Economic Activity Low, 
Demand Low, 
Supply Up, Sloshy also… 

So much debt can turn a smile, 
Frownie. 

When economy slows or shrinks, 
Debt doesn’t. 

If there’s collateral unwind, 
Abundant collateral could increase beyond current levels. 
Could lead to robust(er) rates. 

All before we look at, 
Supply difficulties, 
Increased capital costs & 
Increased Input costs. 

Squeezy on the margin? 
Sloshy on the optics. 

When do we get a Mulvaney sighting?

When It comes to your money and investing, data is a factor.  Reach out to find out more.

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