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I was reading through some blog posts this morning and ran across one titled ‘The Stock Market Does Not Equal The Economy”. I’ve heard this phrase numerous times in my career, usually the elongated version: “The stock market is not the economy and the economy is not the stock market.” It is an odd thing to say since much of what gets written about the...
Meta released their personal AI agent, Muse, last month, promising that it is safe, secure and private. They say it “actually does the work” rather than just acting as a chatbot. It “helps people stay on top of things, takes tasks and projects off their plate, and turns long-term goals into action plans. Muse runs on a dedicated secure computer with its own browser, can work ...
I know I’ve written about rates and bonds seemingly every week, but it’s been necessary. Last week the 10 year yield finally broke above 5%, an event I’ve anticipated for years, rising nearly 19 basis points to close at 5.18%.
With that move, the 10 year rate is back to normal — right around the 40-year average. The low-rate regime that prevailed since the 2008...
Come writers and critics
Who prophesize with your pen
And keep your eyes wide
The chance won’t come again
And don’t speak too soon
For the wheel’s still in spin
And there’s no tellin’ who
That it’s namin’
For the loser now
Will be later to win
For the times they are a-changin’
Bob Dylan, The Times They Are A-C...