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  • Wealth vs. Getting Wealthier

    From collaborativefund.com

    Will Smith writes in his biography that: • Becoming famous is amazing. • Being famous is a mixed bag. • Losing fame is miserable. The amount of fame almost doesn’t matter. It’s the trajectory that people cling to. Same with money. I think for a lot of people the process of becoming wealthier feels better than having wealth. If it’s wealth we were after, most of us would feel great, because most of us are unfathomably wealthier than we were a generation or two ago. Or ten years ago. Or five years ago. Or two years ago! What feels great is being on an upward path. That’s when dopamine takes over. That’s ... (full story)

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    BOE Gov. Bailey: There will be a further step up in UK inflation

    From @financialjuice|Jun 29, 2022|2 comments

    tweet at 9:46am: BOE GOV. BAILEY: THERE WILL BE A FURTHER STEP UP IN UK INFLATION. tweet at 10:02am: BOE GOV. BAILEY: UK ENERGY PRICE CAP MAY MAKE INFLATION PERSISTENT. tweet at 10:02am: BOE GOV. BAILEY: WE DO NOT TARGET THE FX RATE.

    Lagarde: Need to wait for euro-zone inflation number on Friday

    From @AceMarketU|Jun 29, 2022

    tweet at 9:44am: LAGARDE: NEED TO WAIT FOR EURO-ZONE INFLATION NUMBER ON FRIDAY tweet at 9:46am: LAGARDE: ECB NOT ALONE IN GETTING INFLATION WRONG

    Fed's Powell: Markets Have Been Well Aligned With Fed, Notes Market Pricing Is ‘Pretty Close’ To...

    From @LiveSquawk|Jun 29, 2022

    tweet at 9:34am: Fed's Powell: Markets Have Been Well Aligned With Fed, Notes Market Pricing Is ‘Pretty Close’ To Dot Plot tweet at 9:35am: *POWELL: SHAPE OF YIELD CURVE NOT A TOP-LINE WORRY RIGHT NOW *POWELL: FOCUSED ON GETTING INFLATION UNDER CONTROL tweet at 9:40am: POWELL SAYS IS THERE A RISK WE WOULD GO TOO FAR? YES. NOT THE BIGGEST RISK POWELL SAYS BIGGER RISK IS FAILING TO RESTORE PRICE STABILITY tweet at 9:43am: FED'S POWELL: IF DEANCHORING IS OBSERVED, THE FED HAS FALLEN BEHIND THE CURVE. tweet at 9:49am: This sounds like Powell is trying to speak directly to the BTDers Fed put when inflation < 2% is way different than what we have now https://t.co/RWlLkGKwQS

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    Powell: Dollar strength is disinflationary at the margins

    From @DailyFXTeam|Jun 29, 2022|6 comments

    tweet at 10:04am: #Powell: Dollar strength is disinflationary at the margins $USD tweet at 10:04am: POWELL: DOLLAR IS JUST ANOTHER FINANCIAL CONDITION TO US tweet at 10:04am: POWELL: WE DON'T HAVE RESPONSIBILITY FOR LEVEL OF DOLLAR tweet at 10:07am: *POWELL: LOOKING BACK, WE GOT SUPPLY-SIDE TIMING ISSUES WRONG *POWELL: WORKING HARD TO `GET SMARTER' ABOUT THE SUPPLY SIDE spoiler: hiking rates doesn't fix the supply side tweet at 10:13am: FED'S POWELL: THERE'S CERTAINLY A THREAT OF DE-GLOBALIZATION.

    Crude Inventory Declined 2.8M Barrels Last Week, Says EIA

    From streetinsider.com|Jun 29, 2022|2 comments

    U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending June 24, 2022 which was 403,000 barrels per day more than the previous week’s average. ...

    German inflation comes down as government measures bite

    From think.ing.com|Jun 29, 2022|1 comment

    German headline inflation has dropped for the first time since January. However, this is not yet the end of surging inflation rates but rather a good example that it is currently ...

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  • Posted: Jun 29, 2022 9:54am
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     Newsstand
    Category: Educational News
    Comments: 0  /  Views: 875
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