Torsten Slok

economist

19 stories

18 quotes

A deal or government action that lowers oil prices would ease the upward pressure on interest rates at a time when yields are already elevated across nearly the entire global bond market,
Several forces suggest rates may peak within the next month,
If every household used AI agents to optimize the return on their cash balances, banks could lose a large share of the cheap deposits they rely on to make loans, which would be a problem for the entire financial system,
  • Apollo Global Management is also raising another concern... wrote Torsten Slok, the firm's chief economist
    CNBCcnbc.com/2026/09…
Muse and similar agentic AI assistants could soon sweep household cash automatically into accounts paying 3.3% to 5.0%, instead of the 0.1% national average on checking accounts. If every household used AI agents to optimize the return on their cash balances, banks could lose a large share of the cheap deposits they rely on to make loans, which would be a problem for the entire financial system,
He has now established that he is indeed an inflation fighter and he is committed, or the committee is committed, to inflation coming down,
It is a very important debate, why this is happening, because the diagnosis is very important for the cure,

Earlier

Inside the S&P 500 AI boom, industrials are getting as rich as tech stocks

CNBCcnbc.com/2026/07…

Tesla kicked off earnings season — at least for this sector — and the shareholder letter, along with Elon Musk’s remarks during the conference call, provided some pretty incredible disclosures I imagine have some investors concerned, or at least puzzled

TechCrunchtechcrunch.com/2026/07…