Jon Turek, author of the Cheap Convexity blog and founder of JST Advisors, shares his insights on the macroeconomic landscape. He delves into the implications of rising inflation and its effects on risk assets and bonds. Turek discusses challenges in navigating the post-pandemic economy, including wage growth and changing consumer behaviors. He also uncovers the Federal Reserve's strategies regarding interest rates, examining their impact on market dynamics and the bond market, all delivered with a touch of humor.