40-50% of China’s oil currently passes through the Strait.

Things could get interesting.

Same.

That it’s not 100% pure snark.

Let’s assume that over-simplification of the issue is made in good faith.

Reducing the fed funds rate should affect the entire yield curve, but impacts will vary based on maturity and market expectations.

So, it’s complex. This is why Larry Summers was shouting to get what they needed in ‘21.

Yo. I don’t like agreeing, but the man has a point. Cost of capital is one of the levers we have for trying to reduce the deficit (and yes, I recognize the other is spending less, but good luck with that.)

^ this guy gets it. My BF was head of financial services for one of the big three. He would agree. Many of his accomplishments for clients (at times increasing net income by 50%) are described as increasing revenue and “right-sizing” (read: laying people off.)

But riddle me this: Fortune 500 CEOs pay MBAs who’ve never operated anything as management consultants.

Thank you!

5. Good sign if it could make a solid dog’s name.
6. Double letters and palindromes are your friend.

H/t: Rich Barton courtesy of
@tferriss

If you’re expecting higher inflation, fixed income will get tanked over the long term.

However, it’s probably a temporary tactical move until an appropriate strategic one becomes clear.

They looked at me like I had sprouted a horn to become a K-corn, and not in a good way.

Based on the market’s reaction this morning, perhaps there was something to that little projection.

Yesterday, I told my nephew and half-sister’s half-brother (I’m from the South, y’all) that I thought there was a 25-38% chance of a drawdown of 25% *or more* from the beginning of the year.