It has been one week since the Fed meeting where they said that they were going to raise rates by 50 bps (and plan to do so over the next several meetings too) and shrink the balance sheet. Since then: • Layoffs happened at many startups • UST, an algorithmic stablecoin, depegged from $1 USD • Inflation came in hot yet again • India is buying LNG from Russia and Qatar is negotiating with Europe • We are running out of baby formula • There are diesel shortages • MicroStrategy could get margin called • Americans are loading up on credit card debt • Tech stocks are getting throttled • The wheat market is under even more ... (full story)