This week was pretty much defined by two big issues. Bond yields and also the debate over minimum wage.
I tackled both of these topics head-on. First to make sense of the rise in yields. Also to bring about a discussion about nominal vs real rates… THEN I bring that same argument about nominal vs real rates to the discussion on wage controls.
Minimum wage exists so politicians can pat themselves on the back, say they helped people, while leaving a wake of issues that hurt the very people they told everyone they helped.
I sincerely hope each and every one of you enjoys your weekend!
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DISCLAIMER! I am NOT your financial advisor. Do your own research. I advocate heavily that you should make intelligent and informed decisions based on your own understanding or hire someone that does this for you.
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