One of — and perhaps the — defining features of the Trump era was the subjugation of reality to one man’s parallel universe. Initially, it
Author: therealheisenberg
Goldman Weighs In On ‘Unsustainable Excesses’ In US Stocks
If you ask Goldman, stocks probably aren’t a “bubble” — or at least not at the aggregate index level and not on a relative basis.
Paul Singer Warns On Possibility Of ‘Tremendous’ Inflation ‘Surprise’
As regular readers know, I enjoy lampooning industry “legends” in these pages. Actually, “lampooning” isn’t always accurate, as that carries a negative connotation. In most
Make Stocks Collapse Again
Will anyone hold Jeremy Grantham’s feet to the proverbial fire if his latest dire prediction doesn’t pan out? Spoiler alert: No. But, he will be
An Open Question
“We’ve got the tools, why don’t we use them?”, Joe Biden asked, on Friday afternoon. He was referring to the federal government’s capacity to relieve
‘Those Who Want To Stay Rich’
Earlier this week, I expressed some consternation at the frequency with which the word “bubble” is floated. (And, yes, that’s an example of a sentence
‘Unhealthy’ US Housing Market Caps Best Year Since Eve Of GFC
A day after data showed housing starts and permits rose to the highest since the eve of the financial crisis, US existing-home sales came in
Hot PMI Headlines Belie Onset Of Stagflation
Well, if you go by PMIs (a questionable proposition), the US economy continued to press ahead in January, despite an ongoing rise in COVID-19 deaths
Washington Is Creating A Wall Street Bubble, One Bank Suggests
“DC’s policy bubble [is] fueling Wall Street’s asset bubble,” BofA’s Michael Hartnett wrote, in the latest edition of the bank’s popular weekly “Flow Show” series.
Is The Reflation Trade Facing A Wile E. Coyote Moment?
For markets, some trepidation crept in as the curtain closed on Inauguration Week in the US. After what might fairly be described as a “melt-up”
Revenge Of The Pathogen
The dollar firmed and risk appetite dissipated Friday as fresh virus concerns dented sentiment. Hong Kong is locking down dozens of residential buildings in what’s
Totally Inexcusable, Wholly Predictable
“Let me be clear: Things are going to get worse before they get better,” Joe Biden said Thursday afternoon, in the course of outlining a
Bitcoin (Allegedly) Suffers Glitch In The Matrix
Earlier this month, Bitcoin collapsed by more than 20% in the space of 48 hours, underscoring (again) that it’s not a reliable store of value.
The Houses Are Fine (Flaming Marshmallow)
It wasn’t all bad news on the economic front in the US Thursday although, as noted somewhat abrasively here, the idea that 900,000 initial jobless
Here’s An Idea: Put People To Work & Print Money To Pay Them
900,000 Americans filed for unemployment benefits last week. Believe it or not, that was actually a beat versus consensus, which was looking for 935,000. You’ll
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