Things we're reading today - 9th November 2022

“Lots of people convinced themselves that zero rates were the new normal. It does seem rates have trended downward over time as the world has become less risky. But there have been so many distortions in the risk-free rate in the last 30 years.”


“Inflation remains at the forefront of US monetary policy decisions and it’s inflation that solidified the FOMC’s push to continue its rapid pace of rate hikes. With interest rates rising so quickly, the big question remains—how high will they go?”


"What you have learned in market economics in the past forty years will be useless in the new world. For the next twenty years, you need to get familiar with the concepts of political economy.” - Russell Napier


“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready.” - Peter Lynch


“When markets are volatile, investors have a hard time making up their mind. That typically doesn’t happen when stocks are moving higher.”


In October, US imposed new restrictions on exporting new semiconductors and related technology to China.

A nice listen on what are the effects of these new actions and to what degree do they actually set back China’s efforts to develop its own technology.


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