The well-read investor: All the highlights from the articles you probably weren’t going to read anyway.
Here’s everything I reckon you want to stay on top of from last week:
1. ‘Inflation is still too high’: Federal Reserve chairman
AFR
The Federal Reserve Chairman came out swinging last week, telling people who are banking on rate cuts in the near future to cool their jets. Inflation’s not dead.
Markets did not like that. Not at all.
2. Jamie Dimon warns of the ‘most dangerous time' for the world in decades
Business Insider
JPMorgan CEO Jamie Dimon rings the alarm on a series of risks looming over global markets.
“This may be the most dangerous time the world has seen in decades,” he said, pointing to to geopolitical turmoil, the Fed's quantitative tightening, and soaring debts.
He’s a man with a bird’s eye view of the global economy, but then again he’s also a man who needs to manage the expectations of shareholders around JP Morgan’s profits…
3. Goldman Sachs CEO David Solomon ends DJ gigs due to media ‘distraction’
The Guardian
Back when crypto was hot and money was easy, people thought it was fun that the CEO of one of the biggest investment banks in the world sometimes moonlighted as a DJ.
Times have changed. And now it’s not a good look.
But with profits down 30% this year, I thought GS might have enjoyed having a media distraction.
The ABC
Lots of people spent lots of money getting together to wring their hands about the housing shortage… again.
And once again, it offered absolutely nothing that was going to move the needle.
5. Australian job agency under fire over ‘employability’ course that advises on washing and bathing
The Guardian
A job-agency is under fire for telling job seekers to consider having a shower before they go for a job interview.
How dare they!
As an employer, I can tell you nothing impresses me more in an interview that Eau’ de hobo.
And now you’re all caught up. Have a power week!
JG.