It's been a great week down in Miami visiting family.
We had our first child in the middle of covid, and then had twins 2 years ago. So traveling hasn't exactly been at the top of the priority list, like it used to be for us before kids.
Why? Because tariffs create immediate uncertainty. They slow growth, tighten financial conditions, and drive a flight to safety — all of which are bond bullish in the short term. We’ve seen this playbook before: geopolitical tension or trade...
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