Payrolls & The Convexity Comeback

The markets are counting on easing, but the labor market might be tightening

Only the Fed Can Save Us

After returning home from a television appearance this week, I had the following conversation with my wife.

Debbie: You were great today (she is a supportive wife). Everyone agreed with you.

Me: That’s not good.

Debbie: No, they all agreed with you, why isn’t that good?

Me: It means I am probably wrong.

This week’s August private sec…