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馃敶 Powell Promises Pain, Markets Deliver – Ep 836


路 Jerome Powell no longer believes the economy will have a soft landing.
路 Joe Biden is creating severe moral hazards with student loan forgiveness.
路 Most unsold new homes on the market since aftermath of financial crisis.
路 Service sector is at its weakest since the depths of covid lockdowns.
路 More consumers are relying on savings and debt.
路 A Black Monday is possible.
路 Bond market investors are clueless to the reality of inflation.

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