Latest / Blue Collar and Boujie
After the Bell - Second and Third Order Effects
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!
Second and Third Order Effects
On this date in 1992, Britain announced an interest rate so alarming it never actually arrived. Boujie opens on Black Wednesday — ten percent to twelve, then fifteen, then sterling out of the ERM and the fifteen-percent decision withdrawn before it ever took effect. Including the part most retellings skip: a San Francisco Fed study found little evidence markets had anticipated the crisis far in advance.
Then the Fed raised rates for the first time since July…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.