On Friday, Federal Reserve Chairman, Kevin Warsh, spoke at Jackson Hole. He reiterated a commitment to the 2% inflation target and noted that inflation isn’t under control. Most importantly, he acknowledged that the current policy isn’t restrictive. His predecessor, Jerome Powell, used to comment often that he thought Fed policy was restrictive. Most saw the … Read more
MannKind paid the first $.75 from the scPharma CVR. I have the cash in my account. As a reminder, we paid $.31 for the CVR. 11 months later, our return on that is 142%. If Furoscix sales meet guidance, we’ll collect an additional $.10 – $.25 in early 2027. The information we provide is … Read more
It’s just past 1pm in New York as I write this. $BRR up 10.2% Gold up 3.4% Bitcoin up 5.7% Silver up 3.4% 10-Year Treasury yield down 3bp (.03%) 30-Year Treasury yield down 7bp (.07%) That’s a lot of volatility in assets that typically aren’t very volatile. It’s also a lot of volatility for $BRR … Read more
