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3min chapter
This Is a Hitchcock Horror
The Compound and Friends
Do You Buy This Not Out of the Bonds?
The S&P 500 first crossed 100 in June 1968. It felt the 71 in July 1970 during that recession, which is really where inflation started to pick up aggressively as well. Oil went from a buck apparel in 1970 to $4 a barrel in 1974. The Fed's just going to keep going until they see signs it's working. If we're not getting to five to use a Joshism, do you buy this not out of the bonds or not yet?
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