11 straight months. That’s a long time when you’re talking about deleterious trends, and in
Author: therealheisenberg
Kolanovic: Recession Isn’t In The Price
Pinpointing the terminal rate may be a fun parlor game, but where Fed funds ultimately
McElligott Spots ‘Ultra-Rare’ ‘Bad News Is Bad News’ Regime
Sometimes, bad macro news is just bad news. Common sense interpretations of incoming data went
The Single Life
US housing starts fell a fourth month in December, and figures for the prior two
Bold Claims
The US economy may be headed into recession faster than many believe, but the labor
Insulting History
“Victory is assured, I have no doubt about it.” Said Vladimir Putin this week, while
The Petroyuan Meme
At one point Wednesday, the most read stories on Bloomberg’s public website were, in order,
Is The US Recession Already Here?
US industry is powering down and layoffs among America’s tech titans are piling up. When
The Medicine Is Working
Markets were handed another favorable piece of US inflation news Wednesday, when producer price growth
Give It Up, Man
“I think yield-curve control is entirely sustainable,” Haruhiko Kuroda said Wednesday, after the Bank of
Markets In ‘Sweet Spot.’ Enjoy It While It Lasts
“Enjoy the sweet spot but also be wary of it,” Deutsche Bank’s Jim Reid said
Landing The Plane After All?
If you ask Goldman’s clients, the odds of a US recession in 2023 are pretty
Morgan Stanley Has Some Wealth To Manage
If you weren’t apprised, Morgan Stanley is a business that “facilitates capital for clients to
There’s A Wrench In Goldman’s Profit Machine
Goldman missed on the top line and reported a $778 million pretax loss in its
‘The Humans Are Still Bearish,’ But Less So
“The humans are still bearish but a lot less bearish than in Q4,” BofA’s Michael
Suspicious Data Suggests China Avoided Deep Economic Slump
The Chinese economy held up far better than feared in the fourth quarter and retail
Survival Of The Richest
This’ll sound callous: There’s no utility left in lamenting the worsening trends in global inequality.
Gambling On Mao
We’re all supposed to be buying Chinese stocks, apparently. The bull case goes something like
‘Pandora’s Box Is Open’: Will The BoJ Shock Markets Again?
There was a time not so long ago — and by that I mean prior
Finish Medication!
Ahead of the pre-meeting quiet period, Fed officials have another week to push back on
Tail Tales
Humanity just suffered two left-tail events in succession. Pestilence came calling in 2020 and then,
War Games: Zoltan Pozsar And The Echo Chamber
“Looks like the CIA are avid readers of Zoltan Pozsar.” That’s a real quote from
Talking In Circles
A recession is coming. Maybe. That was one tentative message from America’s largest banks, where
Cautious Tone From BofA Feels Somewhat Ominous
It was all about net interest income for Bank of America’s Q4 results, and the
McElligott Warns Of ‘Inconvenient Truth’
Over the past several weeks, I’ve editorialized breathlessly about the potential perils ahead for corporate
Goldman Reveals Scope Of Losses In Unit Housing Apple Card
Headed into Q4 results due next week, Goldman investors were warily eying “Platform Solutions.” The
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