The market doesn’t believe the Fed’s new dot plot. At the June FOMC, the Committee
Author: therealheisenberg
Fed ‘Way Behind The Easing Curve,’ Albert Edwards Says
It’s time for the Fed to cut rates. Past time, even. So said SocGen’s Albert
Save The Date
Jerome Powell was composed on Wednesday during what, at times, felt like a somnolent back
Fed Tips One 2024 Cut, Four 2025 Cuts, Higher Neutral Rate
The Fed kept rates on hold for a seventh meeting Wednesday and tipped just one
Macron Says Resignation Rumor ‘Absurd’
I hope Emmanuel Macron knows what he’s doing. Really I do. On Wednesday, during a
Hallelujah!
“It goes like this, the fourth, the fifth The minor fall, the major lift”… Hallelujah!
China Can’t Shake Deflation Demon
Guess what? China still has a domestic demand problem. And the deflation demon’s not banished.
‘Lower Quality Economic Participants’
What to do when you aren’t sure whether the economy’s headed for a “soft landing”
Kolanovic Sees ‘Plethora’ Of Risks For Buoyant Stocks
If you were wondering, JPMorgan’s cross-asset strategy team is still cautious on equities. That probably
De Gaulleing Developments
“The French don’t see the cordon sanitaire.” That was the message on Tuesday from Éric
Market’s Mexico Concerns Mount As Sheinbaum Pushes Judicial Reform
A week on from Morena’s landslide victory in Mexico’s largest-ever election, Claudia Sheinbaum’s still shaking
In France, A Mess
The domestic political situation in France remained extremely tenuous on Tuesday, when Emmanuel Macron’s inner
Split Decisions
I shouldn’t have to say this, but there’s nothing fundamentally bullish about stock splits. Wait.
The Stocks Will Be Fine, Americans Reckon
The stocks will be fine. If the whole world burns — I don’t know why
Mother Of All Tail Risks
“Demagogues and nationalists on the rise is bad for our nation, it’s bad for Europe
A Tale Of Two Economies
Morgan Stanley’s Mike Wilson told a familiar story on Monday. I won’t spend too much
Flows Worth Knowing
Bullish flows! Or something. I don’t know. You gotta have a hook. Otherwise it’s just
Inflation Jokes
Five and a half hours before the June FOMC decision (or maybe more, depending on
What To Expect From The June FOMC Meeting
It wasn’t so long ago when markets were holding out hope for a rate cut
Benny Gantz Resigns Despite High-Profile Hostage Rescue
[Editor’s note: This article was updated on June 9, 2024, with details of Benny Gantz’s
When Everyone Says It’s Not A Bubble…
“You know it’s a bubble when everyone starts telling you it’s not a bubble.” That’s
Sorry, Cam Harvey
Way back two weeks ago, I took a few minutes to editorialize around what I
Charon’s Obol
“We’re already late.” She drummed her fingers impatiently on the sides of the steering wheel.
Barnburner US Jobs Report Comes With Caveats
The US economy added far more jobs than expected in May and wage growth was
World Chokes On China
The latest trade data out of China didn’t do much to dispense with the idea
‘Pinpointed’
Another day, another macabre collage of images from Gaza, where throngs of dejected locals lingered
Good, Bad And Everything In-Between
It was the same story on Thursday, when US equities meandered ahead of payrolls: Bad
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