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Year: 2020

Wild And Dangerous

December 28, 2020December 29, 2020

US equities hit records Monday, as bemused market participants pondered a convoluted situation in Washington,

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10 Comments on Wild And Dangerous

Somebody Help Larry Summers. He’s Stuck In A Textbook

December 28, 2020December 29, 2020

“Look, we need to help people,” Larry Summers said, in a kind of deliberate drawl

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11 Comments on Somebody Help Larry Summers. He’s Stuck In A Textbook

Bitcoin, The $28,000 Derivative Of Netizens’ Collective Imagination

December 28, 2020December 29, 2020

I suppose I’d be remiss not to mention Bitcoin coming off a Christmas rally that

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24 Comments on Bitcoin, The $28,000 Derivative Of Netizens’ Collective Imagination

China’s Tech Titans Crumble At Xi’s Feet

December 28, 2020December 29, 2020

Since peaking in October, Alibaba has now shed more than a quarter trillion in market

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6 Comments on China’s Tech Titans Crumble At Xi’s Feet

Let Reason And Science Guide Us. And Stimulus. Lots Of Stimulus.

December 28, 2020December 28, 2020

Equities looked to rise coming off the Christmas break, buoyed by Donald Trump’s decision to

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1 Comment on Let Reason And Science Guide Us. And Stimulus. Lots Of Stimulus.

Trump Was Just Kidding, Signs Virus Relief Bill After Publicity Stunt Goes Wrong

December 27, 2020December 28, 2020

After an agonizing, made-for-TV delay, Donald Trump decided to sign the bipartisan COVID-19 relief bill

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10 Comments on Trump Was Just Kidding, Signs Virus Relief Bill After Publicity Stunt Goes Wrong

Americans Splurge On Couches, Hammers During 75 Days Of ‘Christmas Shopping’

December 27, 2020December 28, 2020

The holiday shopping season encompasses 75 days now, apparently. That’s according to Mastercard, which decided

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3 Comments on Americans Splurge On Couches, Hammers During 75 Days Of ‘Christmas Shopping’

Ant, Meet Sledgehammer

December 27, 2020December 28, 2020

Jack Ma should have kept his mouth shut. The often flamboyant billionaire was reportedly warned

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11 Comments on Ant, Meet Sledgehammer

GOP’s Toomey: Trump Risks ‘Being Remembered For Chaos And Misery’

December 27, 2020December 28, 2020

I never imagined I’d spend more than a few minutes of my life writing about

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4 Comments on GOP’s Toomey: Trump Risks ‘Being Remembered For Chaos And Misery’

Georgia (Still) On My Mind

December 26, 2020December 28, 2020

In the immediate aftermath of the US election, markets cheered what was variously billed as

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5 Comments on Georgia (Still) On My Mind

America Faces ‘Great Cultural Depression’ As Arts Industry Evaporates

December 26, 2020December 28, 2020

Over the course of the pandemic, I’ve spent quite a bit of time lamenting the

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6 Comments on America Faces ‘Great Cultural Depression’ As Arts Industry Evaporates

Nero 2024

December 26, 2020December 28, 2020

Even if Donald Trump signed the latest COVID-19 relief bill on Saturday, enhanced benefits for

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5 Comments on Nero 2024

‘Return-Free Risk’

December 25, 2020December 28, 2020

In a world where some $18 trillion in debt “boasts” a negative yield, bonds no

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5 Comments on ‘Return-Free Risk’

Larry Summers Thinks He Might Lose Too Much Weight After All

December 25, 2020December 28, 2020

In 2009, when the Obama White House was busy charting a course for an economy

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10 Comments on Larry Summers Thinks He Might Lose Too Much Weight After All

Amid ‘Complete Clusterf—,’ Trump Sends Stark Christmas Warning To Republicans

December 25, 2020December 28, 2020

“Complete clusterf—.” That’s how one “top Republican Hill aide,” described the chaotic situation in Washington

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11 Comments on Amid ‘Complete Clusterf—,’ Trump Sends Stark Christmas Warning To Republicans

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Monthly Letter+

  • Lost At Sea

    March 11, 2023March 11, 2023

Week’s News

Book Closes On Credit Suisse After 167 Years

March 19, 2023March 20, 2023

Trump Says He’ll Be Arrested Tuesday

March 18, 2023March 20, 2023

Behind The Scenes Of An American Bank Panic

March 17, 2023March 19, 2023

First Republic Rescued, Dimon Met With Yellen

March 16, 2023March 17, 2023

Credit Suisse Spirals As Bank Crisis Threatens To Claim A SIFI

March 15, 2023March 16, 2023

Most Read

  • Moment Of Truth Arrives For Fed In Crisis Mode
    Moment Of Truth Arrives For Fed In Crisis Mode
  • Book Closes On Credit Suisse After 167 Years
    Book Closes On Credit Suisse After 167 Years
  • Mike Wilson Sees Bank Crisis As Bear Market Crescendo
    Mike Wilson Sees Bank Crisis As Bear Market Crescendo
  • UBS Offers To Buy Credit Suisse For A Song In 2008 Echo
    UBS Offers To Buy Credit Suisse For A Song In 2008 Echo
  • The Swiss Killed The CoCos
    The Swiss Killed The CoCos

Recent Comments

  • Mr. Lucky on Mike Wilson Sees Bank Crisis As Bear Market Crescendo
  • Ethan Fanshel on Big Picture Takeaways From The Credit Suisse Bond Wipeout
  • Btfl on The Swiss Killed The CoCos
  • derek on The Swiss Killed The CoCos
  • Kevin Wood on The Swiss Killed The CoCos

Monthly Letters

Lost At Sea

March 11, 2023March 11, 2023

Exiles On Main Street

February 4, 2023March 11, 2023

That’s Great, It Starts With An Earthquake

January 22, 2023February 4, 2023

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