Wednesday Reading List


2022 Fall Financial Check-Up – As the summer winds down, people tend to get more focused on their finances. Use this fall financial check-up to catch-up on what you might have missed over the summer, accomplish a few priority items before year-end, and review your investments.

There’s No Fed Put Coming – Investors need to get used to a new reality: the Fed can’t save the day.

Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy

The August inflation report surprised to the upside and the market reacted very poorly.

Related article: CPI Report Defies Hopes of Easing Inflation, for Now

What Are Leading Indicators Telling Us?

What are the numbers telling us about what’s next for the economy and the markets?

Why I Remain Bullish on the United States of America

I wouldn’t want to bet against the United States, even if we don’t dominate the 21st century like we dominated the second half of the 20th century.

The Illusion of Knowledge

Howard Marks’s latest memo on why making macro forecasts is so difficult and his disdain for them.

Podcast version here.

The Period of Abundance Is Over

Jeffrey Gundlach, CEO of DoubleLine, worries that the Federal Reserve is overreacting in the fight against inflation. He expects a severe slowdown of the economy and says how investors can navigate today’s challenging market environment. A conversation with the Bond King.

It’s Time to Prepare for a Ukrainian Victory

The liberation of Russian-occupied territory might bring down Vladimir Putin.

Book Recommendation

American Rascal: How Jay Gould Built Wall Street’s Biggest Fortune by Greg Steinmetz

The gripping biography of Jay Gould, the greatest 19th-century robber baron, whose brilliance, greed, and bare-knuckled tactics made him richer than Rockefeller and led Wall Street to institute its first financial reforms.