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I was on Trillionaire Mindset! A bunch of fun and I told a lot of not funny jokes
Note: somehow, I have developed a Recession series, so please read these works - if you feel like I haven’t addressed something, I likely addressed it in one of these!
Let’s discuss the vibes.
The inflation report came in super hot yesterday.
It was 9.1% headline inflation, which is psychologically a tough level - it’s also *very* high (remember, the Fed targets 2%) with a 1.2% print for June
It was also a broad-based increase - meaning that inflation is coming from everywhere, and doesn’t seem to have peaked yet.
It was also after a big 75 bps hike (now everyone is like !100bps!) which definitely takes it time to slow down …
