Dear New World Investor: (Sung to the tune of My Boyfriend’s Back by the Angels, 1963) Inflation’s back, and there’s gonna be trouble (Hey-la, hey-la, inflation’s back) Better buy it quick, ’cause the price is gonna double (Hey-la, hey-la, inflation’s back) Today’s Personal Consumption Expenditures Index (PCE) was both...

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Dear New World Investor: Well, that got weird in a hurry. Iran striking its regional neighbors was not on my dance card, and obviously is a massively escalation. It puts a lot of oil infrastructure at risk and makes private insurance on ships going through the Strait of Hormuz...

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Dear New World Investor: The headline September payrolls report claimed the US added 119,000 jobs in September. That’s (A) more than double the consensus estimate for +50,000; (B) more than 5x August’s originally reported +22,000; (C) a positive number following August’s -26,000 revision to minus 4,000; and (D) probably...

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Dear New World Investor: The shutdown-delayed September Consumer Price Index rose 3% year over year, up a tenth from 2.9% in August but slightly below consensus expectations for a 3.1% increase. It was the highest reading since May, but much of the gain was in food, gasoline, and energy....

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Akebia Therapeutics (AKBA) announced this morning that in their Type C meeting with the FDA, they learned that the Agency would require “a significantly larger number of patients than proposed, and accordingly would require meaningfully more time and cost to complete.” Therefore, they are not going to pursue a...

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Dear New World Investor: NO ISSUE NEXT WEEK! You can call it summer vacation, but we call it finally moving to our Cathedral Trees Sanctuary natural burial ground. July’s Consumer Price Index had either something for everyone or nothing for anyone, depending on your bias. The headline year-over-year number...

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Dear New World Investor: June quarter real GDP was reported Wednesday morning up +3.0%, above the +2.6% consensus. Click for larger graphic h/t Yahoo Finance I’ve been talking about this “surprising” strength for weeks, so I hope you weren’t surprised by that – Fed Chairman Powell certainly wasn’t. The...

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Dear New World Investor: At the top of each Friday’s Boomberg on Substack I repeat an important note: “Stocks peak about every 36 years, most recently in 1929, 1965, and 2000. This 36-year cycle can be traced all the way back to the earliest eras in recorded human history,...

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Dear New World Investor: There are two things I realized about President Trump before his first term started in 2016: 1. In a complex situation, he likes to shake everything up, see where things land, and then decide what to do next. 2. He actually follows The Art of...

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Dear New World Investor: My Rocket Lab recommendation had a rocky start but now is working well and has a long way to run. Redwire also is off to a rocky start and isn’t nearly as interesting as RKLB, but it also seems bound to be a money-maker as...

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