Germany’s energy crisis heated up on Thursday, when Economy Minister Robert Habeck raised the country’s
Author: therealheisenberg
Bear Market Bender
Risk sentiment looks poised to oscillate for the next several weeks. Meandering price action will
Jerome Powell, Professional Fall Guy
It wasn’t so long ago when Jerome Powell readily expressed confidence in the Fed’s capacity
Albert Edwards Gently Warns Of Imminent ‘Collapse,’ ‘Meltdown’
By and large, market commentators now begrudgingly concede that the odds of a US recession
We’ve Been Lying To Ourselves About Central Banks And Inflation
Investors eyed Jerome Powell’s first day of Congressional testimony on Wednesday. Traders were “bracing for
From Kelton To Krugman To Dalio: A Recession Diary
Humans harbor a perverse fascination with calamity. I revisit this topic from time to time.
I Can Get You In Something Used For $407,600
It could’ve been worse. Existing home sales fell last month, the first of this week’s
The ‘Unpleasant’ Specter Of Economic Decline
There’s no such thing as a “good” recession. Only less bad ones. If you have
Goldman Doubles Recession Odds For Next 12 Months
“Encouragingly, economic activity has decelerated,” Goldman’s David Mericle and Ronnie Walker wrote, while reassessing the
Bear Market Won’t End Until Recession Question Answered: Wilson
The bear market in equities won’t be over “until recession arrives or the risk of
The Sad, Sad Story Of $3 Trillion In Pandemic Savings
You’ve heard it again and again: Major developed economies, including and especially the world’s largest,
Profit Reckoning Nears For Corporate America
I’ve mentioned the prospect of a reprieve for beleaguered equities in the near-term. Sentiment is
Fed Panic: Why This Is Not A Drill
It’ll be all housing data and Fedspeak in a holiday-shortened US trading week. Anyone who
Of Recessions And Bears
US stocks are in a bear market. Maybe you noticed. A recession is either inevitable
Fed, Markets Now ‘Paying The Price’ Of Infamous Powell Pivot
After a dozen years of accommodative monetary policy, markets have lost the capacity to fully
Cathie Wood Tells Goldman: The Dream Is Alive
The world is changing. Nobody knows that better than Cathie Wood. Wood’s meteoric rise was
Crypto End Game Goes Through DeFi’s Black Box
An already dire situation in the cryptoverse took another ominous turn Saturday, when Bitcoin dropped
‘It’s Not Inevitable’
However things turned out during Friday’s US session, this week was destined for inscription in
Breaking The Bank Of Japan? It Won’t Be Easy
“It’s not appropriate to tighten policy now.” That quote, from Haruhiko Kuroda, summarizes Friday’s uneventful
Esther George Calls Big Fed Hike ‘Abrupt,’ ‘Unsettling’
Esther George is a hawk. Or at least that’s what everyone thought, until she dissented
Beware The Credit Canaries
When asked to identify “the most likely reason” for a prospective pause in the Fed’s
America’s Recession Obsession
The financial pages were a veritable compendium of doom on Thursday, as US equities careened
Bear With Me
Yesterday’s “the Fed is getting on top of inflation” was today’s “the Fed is struggling
Mortgage Rates Surge Most Since 1987 As Housing Bubble Pops
Housing starts aren’t supposed to be falling yet. Theoretically, higher rates should only impact starts
SNB ‘Bombshell’ Could Open Pandora’s Box
If you had “SNB hike” on your bingo card this week, congratulations. The Swiss National
A Hopeless, Hapless BoE Hikes Rates Again As Downturn Looms
The Bank of England hiked rates for a fifth consecutive meeting on Thursday, in line
‘Failure Isn’t An Option’: Powell Says Fed To Prevail Over Inflation
“Clearly, this is an unusually large” rate hike, Jerome Powell said, while speaking to the
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