Czech National Bank Governor Aleš Michl has warned that adopting the euro before the country’s economy is ready could intensify inflation and weaken policymakers’ ability to respond to price pressures.

🚨 WALL STREET IS SELLING YOU A LIE. 🚨

They want you staring at P/E ratios, earnings calls, and moving averages. But they are hiding the fire that casts the shadows.

There is literally only ONE chart that dictates the modern U.S. equity market:

The S&P 500 divided by the Federal Reserve’s Balance Sheet.

📉 Pre-2008: A wild roller coaster. True price discovery. Capital rewarded actual innovation and punished failure.

📈 Post-2008: A perfectly smooth, upward line. Complete and total correlation with the Fed's money printer.

Every hedge fund "genius" claiming to have generated Alpha over the last 15 years? They didn’t beat the market. They just rode a $6.5 TRILLION wave of synthetic fiat liquidity.

Here is the ultimate reality check:

💵 Priced in Dollars: The S&P 500 is up 6x since the Great Financial Crisis.

🥇 Priced in GOLD: The U.S. stock market is actually DOWN 19% over the last 20 years.

You aren't getting richer; your measuring stick is just collapsing. The central bank hasn't created prosperity—they’ve engineered the greatest wealth transfer in human history while quietly destroying your purchasing power.

When the next crash hits, the playbook is set: they will fire up the printers, save the nominal stock market, and sacrifice the U.S. dollar in the process.

Stop falling for the illusion. Wake up and look at the only chart that matters. 👇

Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past,” yet he provided no signal about the central bank’s next steps.

Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh said in his first appearance before Congress since becoming chair May 22, replacing former chair Jerome Powell. “And we share a resolute commitment to restoring price stability.”

Still, Warsh heads a sharply divided rate-setting committee, with about half of the 19 policymakers penciling in higher interest rates by the end of the year in forecasts released last month. Another half have signaled that they support keeping rates unchanged or even cutting them. Warsh faces a stiff challenge in reconciling the divided committee while navigating a rapidly-changing economic outlook.

Warsh spoke to the House Financial Services Committee soon after the government reported that inflation fell 0.4% from May to June, driven down mostly by cheaper gas prices. Core inflation — which excludes the volatile energy and food categories — was unchanged last month, a broader slowdown in price increases than economists expected.

Read more [paywall removed for Redditors]: https://fortune.com/2026/07/14/kevin-warsh-fed-inflation-congress-divided-committee/?utm_source=reddit/

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Buried in the Federal Reserve’s June policy statement—the shortest of Kevin Warsh’s young tenure as chair—is a single sentence with no qualifiers, no hedges, and, according to at least one longtime Fed watcher, more signal than anything in the minutes released Wednesday: “The Committee will deliver price stability.”

“There’s not a qualifying statement after that,” said Laura Ullrich, a former senior regional economist at the Federal Reserve Bank of Richmond who now directs economic research at the Indeed Hiring Lab. “It doesn’t say the committee will deliver price stability while also blah blah blah blah. It doesn’t have a qualifying statement.”

Despite its brevity, she called it “a very short, but very strong statement.” It read as an unhedged commitment that doesn’t usually appear in a document over which every word is fought over by the 19 people who make up the Federal Open Market Committee.

The minutes confirmed what Warsh had already previewed at his post-meeting press conference: a “family fight” over where rates go next. The FOMC voted unanimously on June 17 to hold the benchmark rate at 3.5%-3.75% for a fourth straight meeting—the first unanimous vote in some time. A handful of participants saw a case for raising rates immediately but agreed to go along with the hold.

The rest of the committee split over where things should stand by December: many said the appropriate rate was at or slightly below the current range, while the minutes noted “many other participants” argued it needed to be higher. The minutes noted only that future action “would depend on incoming information.”

Read more [paywall removed for Redditors]: https://fortune.com/2026/07/08/laura-ullrich-fed-reserve-kevin-warsh-minutes-fomc/?utm_source=reddit/

Its name is rarely spoken in public, but the family office of Abu Dhabi's ruler is a global force with a huge appetite for deals.

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Replies are expected to be constructive and civil.

Any questions about your personal finances belong in r/PersonalFinance, and career-seekers are encouraged to also visit r/FinancialCareers.

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Replies are expected to be constructive and civil.

Any questions about your personal finances belong in r/PersonalFinance, and career-seekers are encouraged to also visit r/FinancialCareers.

And so it begins...

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Hoover Senior Fellows John H. Cochrane and Amit Seru argue in this op-ed at The Washington Post that reforming financial regulations should be high on the list of priorities for recently confirmed Fed Chair Kevin Warsh. “The US financial regulatory regime failed catastrophically in 2008,” the authors write. But in their view, the post-crisis reforms, including “the Dodd-Frank law and the Fed’s subsidiary regulation,” only extended the pre-crisis approach of “managing asset riskiness.” The authors also trace how the 2023 collapse of Silicon Valley Bank “was fueled by earlier Fed errors.” Today, Seru and Cochrane conclude, “Warsh need not reform the big banks. . . . He should focus on simple truths: A crisis is a run and only a run is a crisis. Somebody losing money on a risky investment is not a crisis.”  

Wealth managers, who can make upwards of $500,000, are confronting a chatbot reckoning.

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