Postcards: Another Yellow Warning...

One last chance to hedge?

Market Update: We’re on alert heading into the CPI report on Wednesday, with tax season drains likely for banks and the money market. Jamie Dimon - one of the few people who aligned with my argument that we needed to go to 6% on interest rates - is again warning that rates may be heading higher. As I’ve said, we could have taken our medicine (like Ireland) and started a real path to recovery. But we are now in an election year and can’t have nice things. Someone… needs to step forward and play the much-needed villain role, force this economy into recession, and drown inflation. Then… we need to revisit inflation targeting as a policy, as it’s caused nothing but destruction for the middle class over the last 30 years.

YELLOW WARNINGS: S&P 500 - Nasdaq 100 - Russell 2000

Dear Fellow Expat:

Yesterday, I ranted about the newest plan to forgive even more student loan debt. On Twitter, people are invoking “Christianity” as a reason for society to cut student loan payment…