Tight Money Hasn’t Hurt Profits

Each week, the Stokes Family Office staff puts together a list of our favorite news and updates on financial planning, portfolio construction, tax and estate planning, retirement plan services and/or anything we found interesting. Enjoy this week’s curated list for your weekend reading!

📙 TIGHT MONEY HASN’T HURT CORPORATE PROFITS

Scott Grannis | Calafia Beach Pundit

Grannis writes, “Higher interest rates have not equated to bad news for the economy because abundant reserves mean abundant liquidity, and that in turn is what keeps the economy on an even keel and credit spreads low. Meanwhile, falling inflation restores confidence to the economy, and that boosts investment and productivity. That’s certainly the case today: credit spreads are quite low—which in turn suggests that markets are functioning well and the outlook for the economy’s health is decent. Even though monetary policy is almost certainly tight.”

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