{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Confluence Podcasts","title":"The Confluence Mailbag –  No Solutions, Only Tradeoffs: Investor Self-Awareness, Oil's False Calm, and Fed Opacity (7/7/26)","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/b0fb2b5b\"></iframe>","width":"100%","height":180,"duration":2030,"description":"Bill O'Grady and Mark Keller explore why investors should resist the temptation to abandon their core investment style during periods of market momentum. They unpack how oil prices surprisingly avoided a spike given recent events in the Strait of Hormuz, with a note of caution for future changes as the world adjusts. The conversation turns to Chair Warsh's first FOMC meeting and a likely shift toward reduced Fed transparency, closing with a look at the economic tradeoffs in today's world of no recessions and their long-term outlook for gold.","thumbnail_url":"https://img.transistorcdn.com/0O6yelzN2Vu7ojmkIrngV0VyFRy6YtUEck3Uq7v_2TU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jNjgw/MTA4N2IwYmFjN2I1/YjBmMjQ4YzM2MTFk/MDVjYS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}