SHOW NOTES: Moral Hazard

Welcome! I need to begin with a programming note. I’m going on vacation next week. You all know how this works — I go on vacation and work from the beach. But I won’t be on the radio and won’t write (as much).

NEW: Silicon Valley and a bipartisan coalition are finally set to take on China (WSJ)

MUST READ: The moral hazards of banking keep increasing (Morningstar)

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