May 29, 2022 – Heisenberg Report

Billions At Stake As Bored Ape Battles Crypto Bear

May 29, 2022June 5, 20227 min read

I’ve welcomed quite a few new readers this year, and particularly over the past few months. For those folks, I want to emphasize that I

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Is Decentralized Finance Imploding?

May 29, 2022May 30, 20229 min read

“You can’t issue unlicensed securities and use your friends as the underwriters,” I told someone who’s much smarter than me a few months back. We

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The Dawn Of The Great Immoderation

November 5, 2022November 14, 20228 min read

It's a heretical notion, but I'm compelled to repeat it at regular intervals: It's the…

Burning City On A Hill

November 2, 2022November 14, 20227 min read

I've come to despise politics, which is unfortunate because I was raised around political scientists,…

Jeffrey Sachs And The Nord Stream: A Counter-Narrative Case Study

October 6, 2022October 7, 20229 min read

I've long described my raison d'être in terms of the intersection between geopolitics and finance.…

What If ‘Normal’ Isn’t What We Think It Is?

September 1, 2022September 2, 20225 min read

The past two years prompted quite a bit of soul-searching for humanity, and particularly for…

300 Million Hamsters

August 3, 2022August 20, 202210 min read

Has the Fed regained its credibility as a check on inflation? That's the question. Answers…

Pozsar: Powell Would Risk US Depression To Slay Inflation

August 2, 2022September 18, 202214 min read

Zoltan Pozsar has a subtle suggestion for those attempting to forecast inflation: Consider the possibility…