The first quarter of 2021 had no chance of one-upping the first three months of 2020 when it came to high drama. Last year began
Month: March 2021
In Archegos Aftermath: Questions, Collateral And Bullet Dodgers
Days on from the first position unwinds, there were still (far) more questions than answers around the Archegos blow-up. Chief among them: What’s next for
$2.25 Trillion And ‘The Need To Really Deliver’
Joe Biden wants to tax corporations at a higher rate in order to help offset the cost of frivolous spending on things America doesn’t need
Just Print The Money
“People may have different ideas about how to pay for it,” Jen Psaki said Tuesday, while elaborating on Joe Biden’s multi-trillion dollar plan to give
‘The Groundwork Is Being Laid,’ As Private Employers Add Half-Million Jobs
Private sector employers added 517,000 positions in March (figure below), ADP said Wednesday, in what may (or may not) be a preview of Friday’s all-important
Archegos Had ‘All The Makings Of A Dangerous Situation’
Over the last 72 hours, I’ve variously suggested that while the Archegos saga wasn’t likely to trigger a systemic meltdown, it was virtually assured to
Surging Home Prices, Plunging Refis Make For Good Headlines
Tuesday offered an amusing juxtaposition of housing headlines across various media outlets, all vying for the most compelling way to characterize a red-hot market that’s
Why The Archegos Blow-Up Failed To Trigger Instant Mayhem
There was confusion (feigned and otherwise) to start the week around what I called the “missing calamity.” A margin call for the history books and
The US Consumer Suddenly Feels Much, Much Better
Consumer confidence came in well ahead of expectations for March on the Conference Board’s gauge, another sign that vaccine optimism and stimulus are having their
Bonds Reclaim Limelight As Yields Hit Fresh Pandemic Highs
The Treasury selloff showed signs of wanting to extend on Tuesday, as bonds looked poised to reclaim the limelight ahead of Joe Biden’s next fiscal
‘Argh Chaos!’ And The Biggest Margin Call Of All Time
“This is a challenging time for Archegos Capital Management, our partners and employees,” Karen Kessler, a spokeswoman for Bill Hwang’s family office said, in an
Sometimes, You Blow Up
There’s more to worry about than the (latest) trials and tribulations of Tiger Cub Bill Hwang, although you wouldn’t know it to read the headlines
Panic Goes Missing In Archegos Flameout. Fed, Alcoholics Blamed
Monday was supposed to be the day when the purportedly systemic nature of Tiger Cub Bill Hwang’s epic blow-up manifested in an equally dramatic broad-based
Biden Leaves Little To Analyze As Methodical Mr. Fix-It
Just hours after CDC Director Rochelle Walensky nearly broke down in tears while imploring Americans to stay vigilant during what administration officials have sought to
CDC Director Walensky Tearfully Warns Of ‘Impending Doom’
It’s never a great sign when the CDC Director nearly starts crying while discussing a deadly virus that’s already killed nearly 2.8 million people globally,
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