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Bloomberg Intelligence
Canada’s Railways Lock Out, Jackson Hole
Aug 22, 2024
Lee Klaskow, a senior transport analyst at Bloomberg Intelligence, dissects the fallout from the lockout of Canada’s major railways and its implications on North American supply chains. Michael McKee, an economics correspondent, delves into the anticipated Federal Reserve announcements from Jackson Hole and their market impacts. Brian Jacobsen, chief economist at Annex Wealth Management, shares insights on navigating market volatility and the outlook for growth amidst evolving economic landscapes.
41:42
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Quick takeaways
- The shutdown of Canada’s major railways highlights the critical impact of labor negotiations on national logistics and transportation.
- The upcoming Federal Reserve speech at Jackson Hole is anticipated to shape market expectations and monetary policy discussions.
Deep dives
Understanding Cognitive Biases in Financial Decision-Making
Cognitive and emotional biases significantly impact financial decisions, often leading individuals to make suboptimal choices. These biases, such as overconfidence, loss aversion, and recency bias, can distort one’s perception of risk and reward when managing investments. For instance, an investor might be reluctant to sell a losing stock due to loss aversion, clinging to the hope of future recovery instead of making a rational assessment of the asset. Recognizing these biases is crucial, as it allows investors to make more informed and objective financial decisions, ultimately improving their investment outcomes.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode