Read the fine print…yep it’s real! 💪 I’ll be speaking in 2 hours. Grateful to be here (you shouldn’t be too surprised…we’ve always known we had our fans at the Fed…). Register online—there are 1700 people registered already & the in-person room is packed. Enjoy!
Crude should be about $200 on standard inventory models corrected for China and SPRs around the world
And rates should be about 10%.
The market says it can’t come to that because it would break the AI bubble,
That’s like saying I can’t go broke because it would be distasteful
The reason to constantly dunk on people who try to buy bonds in a paper portfolios is because they don’t actually own any bonds (other than munis for tax reasons which doesn’t count)
It’s complete hypocrisy
At least the idiots shilling crypto own crypto