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#1124 Darius Dale | Should We Expect The Fed To Pivot?

The Pomp Podcast

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Household Sector Balance Sheet Is in Excellent Shape, Man.

Households have a ton of cash because it's such a high percentage of their assets. They're not the sort of reaction function to negative news or even people getting losing their jobs, et cetera. This household's aren't going to be like, well, I got to ratchet down and spend less in that cascading kind of reflexive doom loop if you will. The probability of that really occurring over the very near term is actually quite low. That takes me to the last two panels, which we look at it from the debt side equation.

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