On Fiscal Side, Things Are Already Loosening Considerably, Says Jefferies’s Darby

The video discusses global fiscal easing, highlighting tax cuts in India and fiscal changes in Europe and Korea. It examines market reactions, noting that markets could improve with less negative economic indicators. The focus is on domestic franchises benefiting from fiscal policies, particularly in infrastructure and corporate tax cuts. The yield curve analysis suggests potential economic recovery, despite concerns over trade disputes and a mid-cycle slowdown.

In what ways might domestic local franchises benefit from fiscal easing measures?

What is the significance of the bear steepening in relation to the global economy?