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A creative approach to get the young to be financially literate includes getting your teen to be certified to prepare tax returns:
wsj.com/personal-finan…

people are bemused that there's a group standing up for billionaires. What folks don't realize is that once the infrastructure is set up to track your assets, it will be expanded if history is any guide. Get ready to list all your accounts and, um, your baseball card collection. x.com/AxelMerk/statu…

Something a little different: a march for billionaires. wsj.com/lifestyle/bill… x.com/ProBillionaire…

Make the Fed Great Again... @josephsternberg writes in WSJ:
• Emphasize the inflation half of the Fed’s mandate
• Shrink the balance sheet
• Ditch forward guidance
wsj.com/opinion/how-ke…

How does a debt-fueled boom end? #askingforafriend 1/

Lagarde repeatedly asked about a stronger euro. She gives the standard reply: ECB doesn’t target the exchange rate, current levels are within the range seen since the euro’s inception. On int'l use, she had a slip of the tongue, referring to the “fatality” of a stronger euro.

Lagarde's ECB presser underway/rates unchanged. Sometimes what's repeated gets my attention: Lagarde mentions transmission mechanism - that's code for eurozone spreads.
ECB rate path.. no change (note the y-axis scale, less than 30% chance of cut remainder of year; src: BBG)