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Summer Data Swoon Puts Fall Taper in Doubt – Ep 728

    • Jobs numbers disappoint expectations, but Biden brags.
    • Inflation expectations highest since just before 2008 financial crisis.
    • AOC pressures Biden to nominate a more woke Fed chair.
    • Fed causing a lack of savings, which pushes up asset prices and makes the rich richer.
    • Gold prices calling Fed’s bluff on tightening.
    • If Bitcoin is better than gold, Ethereum must be better than Bitcoin.
    • Markets not sure if bad news is good news or if bad news is bad news.

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