Hartnett: "The Trade Is Long Gold"

"the best hedge against dollar debasement, bond collapse, asset inflation, capitalist populism vs socialist populism politics of 2020s."


Stop counting dollars

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August’s weak jobs report cut the odds of a September Fed hike nearly in half. Gold jumped to seven–week highs. Last week, two inflation prints could push those odds right back up.

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Oh, So This Is Why Luigi Mangione Pleaded Guilty...

... the plea is "something of a Hail Mary throw," suggesting Mangione is hoping a judge eventually reduces his sentence enough to allow release at an advanced age rather than locking him away for life without parole...


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Warsh's Mark Antony Moment

The main point is to figure out what data Warsh is going to react to. The “reaction function” consists of two parts: i) The data that feeds into the equation; ii) The equation that processes the data to get an answer.