$AAPL starting to sweat?
Apple, $AAPL, asks suppliers in Taiwan to label products as made in China.
😭💯
“As is common for boondoggles of this sort, the spending is front-loaded – so the insiders get their money right away. As for the deficit and inflation reduction, they are barely loaded on the truck at all… and will never actually be delivered.” https://bonnerprivateresearch.substack.com/p/a-lollapalooza-of-boondoggles?utm_medium=email
Risk Parity bites.
“For state and local governments around the country, the losses will mean higher annual retirement contributions in the coming years, forcing many public officials to raise taxes or other revenues or to cut services.”
#BondBubble https://www.wsj.com/articles/market-rout-sends-state-and-city-pension-funds-to-worst-year-since-2009-11660009928