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At the Money: Austan Goolsbee, Chicago Fed President on Tariffs, Inflation and Monetary Policy

The Big Picture

This week, we speak withAustan Goolsbee, president of the Federal Reserve Bank of Chicago. He’s president of the Federal Reserve Bank of Chicago. Presidential Economic Recovery Advisory Board following the great financial crisis. And if you go look at the market estimation from tips or from others, people believed it.

Economy 162
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Wednesday links: portfolio entropy

Abnormal Returns

Strategy A big regime shift has happened in the economy and financial markets. investmenttalk.co) Finance Poor recent performance has put the IPO market back on ice. finance.yahoo.com) Banks are still sitting on the Twitter debt they underwrote. blockworks.co) Economy Q3 GDP nowcasts still show robust growth.

Portfolio 277
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Friday links: putting your phone down

Abnormal Returns

bnnbloomberg.ca) The financial markets are noisy. marknewfield.substack.com) Companies Accenture ($ACN) is making bank on generative AI. slate.com) Economy The May PCE increased 2.6% Strategy Is the small cap premium dead? awealthofcommonsense.com) Home bias illustrated: the case of Canadian investors.

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Monday links: a good problem to have

Abnormal Returns

ft.com) Finance The global banking business is doing just fine, thank you. axios.com) Charles Schwab's ($SCHW) bank is still leaking deposits. wealthmanagement.com) Global The UK's financial markets are dying on the vine. wsj.com) Economy Home sales have fallen off the table in 2023.

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Tuesday links: moving toward the mean

Abnormal Returns

(wsj.com) Books Gary Stevenson’s book “The Trading Game” helps explain the past twenty years in the financial markets. blockworks.co) When banks start pitching Bitcoin allocations. qz.com) Economy The Roaring 20's are here. lefsetz.com) Crypto FTX sold its stake in Athropic to some big names. Enjoy it while you can.

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10 Wednesday AM Reads

The Big Picture

We must keep at it until the job is done.’ ( Wall Street Journal ) see also The “Data-Dependent” Fed and the Data Interpreting the mixed signals across the economy, with a focus on inflation, jobs, and market pricing. ( Don’t Take Financial Advice From Kanye West : Nothing fails quite like success. The Overshoot ).

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Air Bags Deployed to Cushion Bank Crashes

Investing Caffeine

In recent years, COVID and a ZIRP (Zero Interest Rate Policy) caused out-of-control inflation to swerve the economy in the wrong direction. Source: Trading Economics Unfortunately, this unparalleled spike in interest rates contributed to the 2nd and 3rd largest bank failures in American history, both occurring in March.

Banking 105