Q&A #169
Is TLT and/or cash the best investments in a crash? Or is everything different nowadays? How low can/will the UST 10 year go? Why should anyone pay taxes when the govt can just run deficits? Does Emil need to make an appearance? Are gilts a good buy? Is Jay Powell ironing his superman cape? Is a garden variety recession possible in a post-2008 world? How can the Fed Chair mispronounce words in a prepared statement? Should we throw Jay a bone on that one? Doesn’t the Fed just follow the bond market? Why is taking so long for a recession? How can the labor market gradually cool like this? Isn’t every economy K-shaped? Should the curve look like a flock of Canadian geese? How does price discovery in credit markets start, and what will everything look like when it does?
