In this latest issue of my weekly podcast, I ask whether the Fed's "patience" (a favorite FOMC word) threatens to leave the Fed leading from behind come this fall. I look at the declining idealism of public pension boards now that they begin to approach the next recession already massively in the red. I comment on the successful popular resistance in Hong Kong. And I take a look at the curious case of the "Chinese pig" incident. 

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NOTE: Transcription of today's podcast will be available at Noon ET, CLICK HERE.

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