April 24, 2023· 46 min

Here Are the Signs of a Slow-Moving Credit Crunch

Ben Emons

Orality

Model

87%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostTracy Alloway(1,999 words)

M:93%

HostJoe Weisenthal(1,805 words)

M:28%

GuestBen Emons(4,811 words)

M:29%

Oral Indicators

Agonistic24%

obviously, totally, very

Engagement57%

you, our, your

Memory Aids100%

listen, so, like

Repetition100%

like (106x), know (92x), what (68x)

Parallelism83%

And I'm Joe Weisenthal...., So, Joe, we are recording this..., And so far, it it seems pretty...

Sound Patterns83%

79 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases4%

i mean, so to speak

Literate Indicators

Hedging8%

could, maybe, may

Passive Voice7%

are interrelated, is then, be discounted

Abstract Nouns21%

investment, information, volatility

Subordination8%

since, though, unless

Sentence Length37%

Avg: 14.3 words/sentence

Word Complexity47%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style43%

540 personal pronouns found

Descriptive Style100%

monthly, carefully, firmly

Description

The big headlines from March's banking crisis have receded and balances at some of the Federal Reserve's emergency lending facilities, like the discount window, are starting to fall. But if you look closely, there are still signs of strain in the depths of the financial system. And of course, there are still plenty of worries about whether deposit outflows from banks will lead to a broader credit crunch that could tip the US economy into recession. On this episode of the Odd Lots podcast, we speak to Ben Emons, senior portfolio manager at NewEdge Wealth and a longtime portfolio manager at Pimco, about what the banking drama means for everything from US mortgage rates to the vast "repo" market that's often described as the plumbing of the financial system. See omnystudio.com/listener for privacy information.

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