Latest / Reformed Millennials - Learn Earn and Invest
West Edmonton Mall Military, Sauron, and the Skyrocketing Cost of Money
Welcome back everyone. Summer’s over, whether we agreed to it or not, and you can feel everyone with impact returning to their desks. It shows up in the inbox, on the timeline, and most of all in the bond market.
Market Update📈📉
Warsh gave his Jackson Hole keynote and dropped the pretence:
“we have work to do.”
Core PCE is running 3.3 percent against a 2 percent target, headline 3.7 on oil, and the market has genuinely priced a September rate hike into play.
That’s a stunning shift from March. You can see it in the ten-year, in gold, and especially in small caps, which carry the highest…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.