Webinar: Why are financial conditions so benign? old
![- Markets seem abnormally exuberant - It's not just the stronger economy - It's the impact of easy money](https://satoriinsights.com/wp-content/uploads/2024/05/Screenshot-2024-04-25-162620-1024x580.png)
- Webinar Thu 2 May 1430 Lon / 0930 NY
- The exuberance in risk assets is not just a consequence of a stronger economy, but a driver of it
- The expectation of rate easing was never a main driver – which is why it has largely persisted even as yields have backed up
- It is instead the direct consequence of investor crowding following easy central bank balance sheet policy – and vulnerable to any reduction in CB liquidity
- Open to clients with Group Webinar or One-on-One subscriptions, and to the press
Webinar: The yield is not enough
![presentation outline](https://satoriinsights.com/wp-content/uploads/2023/10/presentation-outline-yield-is-not-enough-1024x602.png)
- Webinar Wed 1 Nov 1600 Lon / 1200 NY
- Is the mini-correction in markets a foretaste of something bigger, or does the still-strong real economy give risk assets scope to bounce back?
- Should investors be rotating out of equities and into bonds, or are the latter still vulnerable to buyers’ strikes against a backdrop of fiscal indiscipline?
- Open to clients with Group Webinar or One-on-One subscriptions, and to the press
Distributional accounts
![bottom 50pct real net worth](https://satoriinsights.com/wp-content/uploads/2023/10/distributional-accounts-bottom-50pct.png)
This is a test of various chart sizes. Deposits – especially in real terms – have been falling sharply, and those for the bottom quintiles are now back to pre-Covid levels. This is now 900×700, the full size original: Nevertheless, what’s striking to me is how much they’ve risen in general – especially during the […]
BoJ is only central bank still buying
![boj balance sheet items](https://satoriinsights.com/wp-content/uploads/2023/10/BoJ-operations.png)
Real yields decoupling
![growth equities vs real yields](https://satoriinsights.com/wp-content/uploads/2023/09/growth-equities-vs-real-yields.png)
Capital flight from China
![china balance of payments](https://satoriinsights.com/wp-content/uploads/2023/09/china-balance-of-payments-1024x821.png)
BoJ is only central bank still buying
![boj balance sheet items](https://satoriinsights.com/wp-content/uploads/2023/10/BoJ-operations.png)
Real yields decoupling
![growth equities vs real yields](https://satoriinsights.com/wp-content/uploads/2023/09/growth-equities-vs-real-yields.png)
Capital flight from China
![china balance of payments](https://satoriinsights.com/wp-content/uploads/2023/09/china-balance-of-payments-1024x821.png)