Band of Traders - Together We Trade 08-27-2022: Powell brings the Pain, Biden makes it Rain
This week China Shop, Jason from the “Completely Off The Rails” podcast fills in for Kyle and he and Dan discuss the latest Powell talk out of Jackson Hole, whether student debt forgiveness will help or hurt inflation, and the current average car loan data. In stocks they talk about SoFi versus PayPal, T-Mobile joining forces with Starlink, and Apple's ongoing DOJ woes. Over in crypto they even manage to find the shit in shitcoins!
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Links:
Canceling Student Debt could help inflation
U.S. Consumers borrowing at records levels as car prices increase
Apple Facing down the DOJ in impending AntiTrust suit
T-Mobile Teams up with Starlink
Peloton CEO says $1.2 Billion Loss is a Sign of Progress
More than Half Of Bitcoin Transactions Are Fake
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