From Joe
Everything You Need to Know About Money is Now at your Fingertips
I've created a library of training material to teach you how money works so that you can make more money and protect it.
It's more important than ever to understand how to allocate your portfolio to eliminate risk. How to use the advanced options strategies that professionals use to hedge, produce income, and make low-risk trades with huge payoffs. How to get out of debt fast. How to pick the best stocks and make sure you are buying them at a great price.
Members of Heresy Financial University get all of this, and more. As a member you'll get access to every course in the library of training material, and you'll get automatic access to every future course I launch as well.
There's never been a time where financial education is more important. Don't wait any longer, sign up today.
News
Only an equities crash can rescue the bond market, Barclays says
Global bonds are doomed to keep falling unless a sustained slump in equities revives the appeal of fixed-income assets, according to Barclays Plc. “There is no magic level of yields that, when reached, will automatically draw in enough buyers to spark a sustained bond rally,” analysts led by Ajay Rajadhyaksha wrote in a note. “In the short term, we can think of one scenario where bonds rally materially. If risk assets fall sharply in the coming weeks.” The rout in Treasuries has sent shockwaves through the global bond market in recent months as investors position for borrowing costs to stay higher for longer.
Exclusive: Iraq to end all dollar cash withdrawals by Jan. 1 2024, central-bank official says
Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of U.S. sanctions on Iran, a top Iraqi central bank official said. The move aims to stamp out the illicit use of some 50% of the $10 billion that Iraq imports in cash from the New York Federal Reserve each year, Mazen Ahmed, director-general of investment and remittances at the Iraqi central bank (CBI), told Reuters.
How the Fed's 'higher for longer' rate hikes will squeeze the US government
Even small moves in interest rates can have big impacts on deficits. That's why the surge in bond yields has fueled concerns over the Federal Reserve and government debt, and what deficit watchers see as a looming crisis spelled out in budget lines. Earlier this week the yield on 10-year Treasuries (^TNX) surpassed levels not seen in more than 15 years, rising just above 4.8%. While yields fell slightly on Thursday, they remain elevated, holding over 4.5% for nearly two weeks. Their climb accelerated in recent weeks after the Fed signaled it would raise rates once more before the end of the year. Investors are also grappling with signs that the central bank will keep rates higher for longer as the Fed struggles to yank inflation down to its 2% target.
Public Goods Viewed through Entrepreneurship
Public goods, in mainstream economic theory, are goods that are nonrivalrous, where one person using a good does not preclude anyone else’s capacity to do the same, and nonexcludable, where owners of the public goods are generally unable to restrict anyone’s access to the good. Commonly touted examples include public lighting, like streetlights, radio, firework shows, military defenses, and flood defenses. To the mainstream, public goods present an economic and social problem. According to their understanding, the lack of rivalry and excludability allows free riders to exist, which eliminates the profit motive for providing the good and thus the incentive to provide it in the first place. This means that the market on its own would not produce enough public lighting, radio, and defense.