Is the US about to boom or to bust?

Monday 10 February 2025

It’s a very big debate for asset allocators by very big people that I respect on both sides.

In the boom camp is Steve Blitz at TSLombard.

January employment data and the revisions have a simple message – the economy has been picking up steam since mid-24, a charge now fueled by a 100BP cut in financing rates.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.