Kevin Warsh (FOMC Chair) is speaking at the annual Jackson Hole retreat today….
All eyes will be on if he follows Scott Bessent’s (Treasury Secretary) lead in any form or fashion in helping with US interest rates or the push down on rates… See our Two Part series JIC you missed it Part 1 and then Part 2 here –
Oh… BTW many thanks for the nice comments about this series, I know it was complicated, and appreciate the questions, but glad you guys liked !
This platform is part diary, part translation, part observation, part learning and most importantly … Part fun too!!! Again, glad you guys liked.
Bond Vigilantes – Wow… this is like old ties or the briefcase coming back… BUT this fits in the above mentioned Bessent/Warsh possible push to keep rates lower….
What’s a Bond Vigilante ?
Allegedly – a lot of folks have put their name on it – Think inventor of the internet — but post high inflation of the 70s, Ed Yardini at least made the term famous in the early 80s
From Wikipedia – bond vigilante is a bond market investor who protests against monetary or fiscal policies considered inflationary by selling bonds, thus increasing yields.
Only the 10 and 30 year US Treasury rate – LOOOONG term chart of yields!
So Warsh gets an important stage, interest rates/Bond Vigilantes will be barking in the form of rate movement, Bessent will be on the edge of his chair and an old Wall Street label may get its day in the sun!!
That is all today …. and it is a Friday… nearing the last day of the month…
I owe you a video review, and the 4% draw update – Hang tight, lots of travels as the Empty Nest did occur this week…
Talk next week!
John A. Kvale CFA, CFP
AI Content Authenticity: All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
