No mood for a fight
The Fed is telling the market these guarantees don’t exist. American finance is about to be wholesale restructured at a higher cost of capital and hedged with more expensive insurance.
Wednesday, August 31st, 2022
Chiswick, West London
By Tom Dyson, Investment Director
Did you watch Jerome Powell’s Jackson Hole speech?
It was only eight minutes long. It was clear, direct and easy to u…
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