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Friday links: your single most valuable asset

Abnormal Returns

slate.com) Global Japan's government bond yields now exceed China's. politico.com) Economy There's still no sign of a recession in the data. abnormalreturns.com) Longform links: facilitating communication. (semafor.com) Automattic Automattic is in turmoil. ft.com) The West is coming to terms with the extent of Chinese espionage.

Assets 278
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MBA: Mortgage Applications Increased in Weekly Survey

Calculated Risk

percent, reaching its lowest level since May 2023, following doveish communication from the Federal Reserve and a weak jobs report, which added to increased concerns of an economy slowing more rapidly than expected,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “As The 30-year fixed rate fell to 6.55

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FOMC Preview: No Change to Policy Expected

Calculated Risk

On the meeting this week from BofA: " We expect the Fed to stay on hold at the September FOMC meeting , consistent with recent Fed communications and current market pricing. Since the last projections were released, the economy has performed better than the FOMC expected, and inflation was slightly below expectations. annualized in Q3.

Banking 288
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How to Communicate the Silicon Valley Bank Failure to Your Clients

Indigo Marketing Agency

As a financial advisor, it’s crucial to effectively communicate this event to your clients to help them understand the potential impact it may have on their investments and overall financial well-being. Proactive communication is good client service. Does this level of communication feel overwhelming? Provide context.

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Friday links: making peace with your losses

Abnormal Returns

awealthofcommonsense.com) The entire government debt limit debate is annoying. blairbellecurve.com) Economy Q2 GDP is trending around 2%. newsletter.abnormalreturns.com) Mixed media How AI can subtly influence you and your communications. (commonwealmagazine.org) Debt limit Anything can happen over the short term.

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At the Money: Claudia Sahm on How To Defeat Inflation

The Big Picture

It’s also the prices of things bought on our behalf, like our health insurance, also by the government with Medicare. So, the Fed needs to have a sense of where things are headed with inflation — because rates are a tool that takes a little bit for it to work its way through the economy. In PCE, it’s not.

Economy 279
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We Need to Have a Talk About “Bond Vigilantes”

Discipline Funds

The basic narrative is that bond markets will teach the Fed and US government a lesson about reckless spending which will drive up interest rates and bankrupt the USA. When Musk says the US government is going bankrupt like a household he’s quite simply misunderstanding how the monetary system works. Individuals go bankrupt.