There was more trouble in paradise on Thursday. Chinese developer Kaisa Group said a subsidiary
Month: November 2021
Powell’s Pledge: High Inflation Won’t Define American Life
“Our tools cannot ease supply constraints,” Jerome Powell said Wednesday, following the November FOMC meeting,
Fed Announces Taper. Prepared To Adjust Pace
As expected, the Fed formally unveiled plans to trim the pace of monthly bond-buying on
US Services Sector Is Flaming-Hot Mess
Markets were treated on Wednesday to more anecdotes from businesses struggling with myriad imbalances created
Another Head Fake? US Labor Market ‘Revving Up,’ ADP Says
US private sector employers added 571,000 jobs in October, data out Wednesday showed. The headline
What, Exactly, Is Going On In China?
China is coping with what counts as a “severe” COVID outbreak considering the Party’s “zero
Harley Bassman’s Trades For An Inflationary World
The preponderance of evidence suggests inflation is not transitory, the rub is that interest rates
Still Shouting ‘Selloff!’
Folks keep warning about an imminent selloff in equities, mostly because that’s what folks do.
‘The Worst Whipsaw Of All’
“Who had bull-steepening on their bingo card?”, Nomura’s Charlie McElligott asked, playfully, in a Tuesday
Vigilante Justice
Predictably, media coverage of the RBA’s Tuesday policy tweak was replete with nonsense. One particularly
Don’t Kill The Sacred Cash Cow
It’s no secret that the “broad” market isn’t very broad. History is replete with examples
Redefining Philanthropy In The Age Of Musk
Every week brings new evidence to support the contention that humanity is moving rapidly towards
At US Factories, A Compendium Of Complaints
At this point, getting a “clean” read on where we are in the post-pandemic economic
Back Up The Wall Of Worry
European stocks hit records Monday and Japanese shares surged, as global equities looked to build
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