"The debt ceiling drama may seem important today, but it pales in comparison to what is ahead"

In this email newsletter I cover:

• The latest monetary policy challenges for the Fed;

• How the Biden administration and Congress are making the Fed’s job harder;

• Why the debt ceiling is a sideshow in the financial circus;

• Projections from the government’s own sources of their unsustainable fiscal path;

• How to hedge for what’s ahead;

• And more.