Powell’s No-Action Streak

This podcast episode discusses the Federal Reserve's decision to hold interest rates steady, the impact of potential rate cuts on companies with high debt, the current state of the employment market, and the challenges faced by fitness company Peloton. It also explores the growth prospects of buy now, pay later (BNPL) services, particularly Affirm, and examines its underwriting approach and exclusive partnerships. The episode concludes with an analysis of the performance of Affirm and Afterpay, and considers potential acquisitions in the BNPL industry.