Latest / Wall Street Truthbombs Podcast
The Fed’s Illusion of Control
BOND YIELDS ARE TALKING—THE FED’S JUST WATCHING.A 25 bps tweak won’t change how most people spend—but a market rally will. In today’s Truthbomb, I go straight to the source of truth: the yield curve. From my days as a bond trader to today’s “data blackout,” I’ll show why rates only indirectly touch your wallet while asset prices directly move your confidence—and your consumption.What’s inside:Why the bond market is still the best arbiter of economic realityFed Funds → Prime Rate → your APRs (and why that chain is leaky)Credit card rates above 20%: proof the Fed’s lever is imperfectThe wealth…
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