Jun 12, 2026 · 11 min · 8 segments
This week on the M&W podcast we review what we did that wasn't work, the latest economics news, our work of the week and the work we wished we got to but didn't.
Brian WieserHostBut CPI highest in three years, every subsequent report, the highest in three years since the post-COVID spike.
But it'll be interesting with the FOMC meeting next week to see if there's a move in interest rates.
And seeing some interesting moves on currency markets, too, over the last week around this, tied to what's going on with Ron.
I have to say the thing that I have paid most attention to or most interested in, I guess, but haven't done enough work on yet, is capital fund flows.
I think right now, as we're recording, we're, you know, new $75 billion of capital raise for SpaceX.
Yeah, and it's not that, I mean, SpaceX, I guess, does relate to what we do with X, the advertising business.
But no, what I'm focusing on is the consequences of these tens of billions of dollars per company for several companies, forcing resales, recalibrations of portfolios and what the consequences is.
Actually, these are big enough to be significant in terms of like total capital raised to like something has to get liquidated to fund it.
And that's the sort of thing I'm quite interested in trying to understand consequences of.
Yeah, I think it's very closely related to the idea that new new ad channels can just conjure money out of thin air, which I think is is most people's general sentiment.
Whereas in reality, there's a limited pool of money out there and it's all competing against one another for allocation.
But CPI highest in three years, every subsequent report, the highest in three years since the post-COVID spike.
But it'll be interesting with the FOMC meeting next week to see if there's a move in interest rates.
And seeing some interesting moves on currency markets, too, over the last week around this, tied to what's going on with Ron.
I have to say the thing that I have paid most attention to or most interested in, I guess, but haven't done enough work on yet, is capital fund flows.
I think right now, as we're recording, we're, you know, new $75 billion of capital raise for SpaceX.
Yeah, and it's not that, I mean, SpaceX, I guess, does relate to what we do with X, the advertising business.
But no, what I'm focusing on is the consequences of these tens of billions of dollars per company for several companies, forcing resales, recalibrations of portfolios and what the consequences is.
Actually, these are big enough to be significant in terms of like total capital raised to like something has to get liquidated to fund it.
And that's the sort of thing I'm quite interested in trying to understand consequences of.
Yeah, I think it's very closely related to the idea that new new ad channels can just conjure money out of thin air, which I think is is most people's general sentiment.
Whereas in reality, there's a limited pool of money out there and it's all competing against one another for allocation.
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