“It is my considered judgment that my oath to support and defend the Constitution constrains
Month: January 2021
Nomura’s McElligott Talks Georgia, ‘Neon Swan’ Parallel
Early Wednesday, while documenting the initial reaction to a likely Democrat-controlled Senate following the Georgia
ADP Posts Horrendous Miss As Employers Shed 123,000 Jobs
With markets focused intently on political developments stateside, Wednesday’s data was sure to get short
Markets React As Dems Secure Historic Victory In Georgia
The market reaction to a blue sweep in Georgia was about like one would expect.
Georgia Blues
“We were told that we couldn’t win this election, but tonight we proved that with
Trump Shouts Loudly At Ant Group, Tencent On His Way Out The Door
An already fraught situation became even more convoluted on Tuesday evening in the US when,
Familiar Feeling
It was a familiar feeling for market participants: Nothing mattered until a contentious election was
Aaaand You’re Bankrupt. Thanks, COVID
Well, the final numbers are in. Chapter 11 and 7 filings for large companies (defined
Jeremy Grantham Regales Youngins With ‘Real Humdinger’ Of A Bubble Story
The last time I checked in on Jeremy Grantham, he was regaling CNBC with tales
Bring On The Stagflation Jokes (Because Misery Is ‘Funny’)
Well, the US manufacturing sector is apparently on fire — in a good way, with
Georgia Overload
There was no shortage of analysis centered around the Georgia runoffs on Monday and Tuesday.
Pins And Needles And Records In China
The dollar drifted lower and US equities nervously eyed Georgia on the heels of the
False Start, Go Straight To Lockdown
2021 began promisingly enough with the dollar down and global equities bid, but by the
America The ‘Torn Superpower’ Is Biggest Global Risk, Not COVID: Report
You might be inclined to think that COVID-19 naturally lands at the top of every
Bubble, Bubble, Froth & Frenzy
“To wake [up] and see Bitcoin down 15% at one point overnight was certainly reflective
NYSE Backtracks On Chinese Telco Delistings As Market Eyes Oil Majors
Late last week, the NYSE said it would delist China Mobile, China Unicom, and China
Markets Pleased With Prospect Of More Dollar Weakness To Start 2021
Propelled by a weaker dollar, risk assets looked to kick off the new year on
Manufacturers Are Manufacturing. Which Is Good
Factory check! Because nothing’s more exciting on the first day of trading in a brand
All Trump Wants Is For Georgia To ‘Find’ Him 11,780 Votes. Is That Too Much To Ask?
Adjectives like “stunning” were commonplace on Sunday afternoon, when America discovered that Donald Trump instructed
Painful Dynamics (Tragedy Of The Excluded)
Late last month, in “Superfluous People And The Arraignment Of Capitalism,” I cited economist Anne
What To Expect From The First Week Of The Rest Of Our Lives
The first week of the new year promises no shortage of melodrama in the US,
Fire Jugglers
Remember: Nothing should surprise you anymore. With that in mind, the number of Republican senators
‘Something Crazy In The Air’ (Fried Egg)
Last month, Larry Summers fretted that “when you see the two extremes agreeing you can
Manual Override
In a stinging, albeit expected, rebuke, the Senate on Friday overruled Donald Trump’s attempt to
Unintended Consequences: US Housing Bubble Edition
Ostensibly, record-low mortgage rates help make homes more affordable, but surging prices have put homeownership
D-Lister Forces Delistings After Three Years Of Decoupling
Say goodbye to the US listings of China Mobile, China Unicom, and China Telecom. The
