Weekly: Fiat Fatigue And A World On Fire (Why Gold Keeps Rising)
The never-ending rally in gold’s no different from any other phenomenon in being unamenable to
Did Trump Just Announce The Next Fed Chair?
Donald Trump may spare us the humiliation of Fed Chair Kevin Hassett. As recently as
Builder Mood Worsens As Down Payment Burden Sidelines Home Buyers
Forlorn US homebuilders weren’t feeling any better about their plight as 2026 dawned. The last
Trump Will Force Big-Tech To Subsidize Expensive Power Bills
By every outward appearance, Donald Trump’s very concerned about his inflation polling headed into the
How Scary Is The Ramp-Up In Tech Sector Debt?
Investors harbor a veritable obsession with hyper-scaler capex and for good reason. As discussed here
AI Capex Spree Points To Lower Returns On Capital
Get ready for lower returns on capital from the largest, most important companies on the
Jobless Claims Don’t Want To Hear Your Recession Narrative
Jobless claims: They’re low in the US. And that’s an understatement. With the caveat that
Goldman’s Equities Traders, Morgan’s Debt Bankers Make It Rain
Goldman’s equities traders did some trading last quarter. Notwithstanding a slight miss to consensus when
A Word On Donald Trump’s Credit Card Crusade
The handwringing over Donald Trump’s credit card interest rate cap looks overdone and comically so.
US Housing Perks Up As Industry Debates Trump’s GSE Gambit
A “tough” year for the resale US housing market ended on a high note, data
For The Islamic Republic, It’s All Over But The Crying
Iran would hate to have to pretend to shoot at US troops again, but they
US Retail Sales Solid, Wholesale Prices Benign
The Census Bureau finally got around to tallying US retail sales for November which is,
Bank Of America’s Fine, In Case You Were Wondering
Brian Moynihan, like Jamie Dimon, is bullish on the US economy. He said as much
China’s $1.2 Trillion Trade Surplus Papers Over Deflation Crisis
The final numbers are in. When it was all said and done for 2025, China’s
McElligott Explains Why Stocks Don’t Care About Powell Drama
If you’re old enough to remember 2018, the year Jerome Powell took the reins at
Greenland’s Future May Be ‘Sovereignty Twilight’
Early this week, a piece appeared in Foreign Affairs called “How Greenland Falls.” It’s by
US Employers Were Hiring As The Calendar Flipped
Another week, another decent read on a high-frequency proxy for private payroll growth in the
BLS Hands Trump Decent Inflation Report
Well whaddya know, core inflation in the US was cooler than expected last month. Fancy
Dimon Upbeat On US Economy As JPMorgan Tops Estimates
JPMorgan kicked off big bank earnings in the US on Tuesday with a set of
Trump Has World On Tenterhooks Again As Iran Strike Rumors Swirl
On the off chance anyone’s interested in JD Vance’s opinion, America’s vice president isn’t convinced
First They Came For Jay…
As any long-time reader can attest, I spent years (literally) warning on the clear and
‘Mark Z’ Taps Trump-Endorsed ‘Goldman Diplomat’ To Head AI Buildout
Dina Powell McCormick’s “uniquely suited to help Meta manage [its] next phase of growth.” She’s
Potential Powell Indictment Casts Pall Over Inflation Data
To the extent the Trump administration’s concerned about restoring the market’s faith in the reliability
Facing Criminal Indictment, Powell Finally Stands Up To Trump
Jerome Powell’s finally had enough of Donald Trump. In an extraordinary statement accompanied by an
Is Another US Military Strike On Iran Imminent?
The death toll in Iran’s rising. And Donald Trump’s patience, which is thin on stoic
The Virtues And Risks Of Trump’s Foreign Policy
In some perverse sense, Donald Trump may deserve credit for jettisoning post-World War II decorum
Weekly: The Diosdado Cabello Question
Late Friday, Delcy Rodriguez, in her capacity as interim president of Venezuela, said her country’s in
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