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"Inflation is here to stay": former US Congressman on why spending won't be cut
12 arguments: why he says a real spending cut would bring riots, what he expects gold and bond yields to do when the dollar is dumped, and why he would…
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Damped Spring CIO on bonds: "nobody wants to own real Treasuries at 3% yield"
16 arguments: Why he says inflation only falls when asset prices do, what the Fed can and cannot do to 10-year yields, and why Japan is finally…
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The Canadian Investor: the AI labs are racing to become too big to fail
15 takeaways: Why a rate hike can hand income to households, the gap between what an AI subscription costs and what it buys, and a -17% housing-starts…
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BNY Wealth CIO: missing the 10 best days of the year costs 5% a year for 20 years
8 takeaways: Why she says no central bank can get inflation back to 2%, where BNY is underweight bonds, and her case for a math major in the age of AI
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DoubleLine strategist on the Fed: "1.3 hikes are expected by the end of the year"
10 numbers: a unanimous 25bps hike with 16 of 18 officials wanting more, the 10-year's first close above 5% since 2023, and WTI back over $100
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"$2 billion is a drop in the bucket": Trajan Wealth CIO on Treasury buybacks
15 takeaways: why insurers swapped 30-year Treasuries for floating-rate private credit, where he buys bonds instead, and why he says the selloff in…
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Treat a $400K nest egg like $300M, says Armington Capital founder
10 principles: The five funds he puts 20% each into, why he says middle-class investors take more risk than rich ones, and the two commodity ETFs he…
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5% Treasuries leave a 7% pension target needing 2% from stocks, Thoughtful Money finds
13 takeaways: why he says the data gave the Fed no reason to hike, where he puts fair value on the 10-year, and the secular bear market he dates to the…
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AFR markets reporter on Cathie Wood: "Her fund fell 23% in 2021 and then 67% in 2022"
11 insights: Her case for global GDP growth above 7% by 2030, the $500K Bitcoin base case, and the US data-center backlash she says keeps her up at…
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Former Fed governor: the credibility argument amounts to people posting mean tweets
5 arguments: Why core CPI has round-tripped to pre-pandemic levels, what the term premium says about the bond selloff, and the part of the economy that…
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Ex-BofA rates chief: 5.25% on the 10-year is where the AI trade breaks, not 6%
18 calls: Why he thinks Trump has to ban Chinese AI models before Anthropic's IPO, the $1.3T secondary bid against a $2T ask, and the oil trade he set…
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Beach Point's high yield head: the hyperscaler bond deals are priced as if they are identical
5 arguments: Why he has avoided the AI debt entirely, what floating rate does if the Fed hikes, and the thing about private credit nobody can aggregate
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