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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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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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Thursday links: the realm of consensus

Abnormal Returns

economist.com) The Bank of England has joined the 75bp hike club. bbc.com) Economy Still no sign that layoffs have accelerated. abnormalreturns.com) Spending does more than change your bank balance. abnormalreturns.com) Why rough edges remain in financial markets: people.

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Wednesday links: sub-optimal portfolios

Abnormal Returns

wsj.com) Economy The 3 month-18 month Treasury spread is almost inverted. abnormalreturns.com) Spending does more than change your bank balance. abnormalreturns.com) Why rough edges remain in financial markets: people. abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking?

Portfolio 245
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Tuesday links: a reliance on algorithms

Abnormal Returns

theblock.co) AI Fake AI stories will continue to roil the financial markets. fastcompany.com) Finance Why aren't more regional banks merging? washingtonpost.com) London, as a financial center, is at-risk of being left behind. theverge.com) Economy The median new home sales price is down 15.3% from the peak.