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Interpreting the Economic Divergence: Rate Cuts, Mega-IPOs, and Radical Philanthropy
The Federal Reserve’s latest rate cut reveals a central bank in turmoil, with dissenting voices signaling a messy path toward the neutral rate as labor markets weaken for young and minority workers. Meanwhile, SpaceX prepares for a record-shattering $1.5 trillion IPO that underscores the power of physical moats over digital ones, even as MacKenzie Scott sets a new standard for philanthropy by divesting a third of her wealth.
Dec 11, 2025