Today's Commentary · July 24, 2026

July 24: AE, SVP sales jobs; AI, non-QM products; Deep dive into AI thoughts & opinions; Morgan Stanley interview on risk

Do you ever buy anything? I used to, but that has become too expensive, and the U.S. Federal Reserve can’t do anything to fix it. (Kidding, of course. I buy food.) The odds are, anything you buy was transported using diesel fuel, the price of which has shot up after Russia banned exports of it, impacting farmers, trains, trucks… kind of nearly everything. Today is “Pie and Beer” Day in Utah, aka Pioneer Day, and having parades is costly. It was also celebrated last year,...