DSR Debt Service Ratio

February 2023

It seems that the Treasury market has made its vote between Soft – Hard or no Landing

In a nutshell US Budget Deficit                 is someone else surplus. Was it too much? Well, the FED is trying to manage the situation. Higher inflation, higher interest rates and DSR (Debt Service ratio) across the board.   Beneath the surface of higher nominal economic growth, evidences are mounting that things are not so rosy. Inflation...

How things can change is more important than how they are !

The massive COVID stimuli and the Ukraine war have brought  inflation that most of us have never experienced. The price of money, interest rates, have gone up aggressively  since  last year.  I did underestimate the inflation shoot up as the FED but there are a few things we need...