Underlying consumer price growth on the Fed’s preferred measure rose 3.4% last month from the
Author: therealheisenberg
Micron Delivers. And Then Some
The sputtering US equity rally cleared a major hurdle on Wednesday afternoon, when Micron came
Three Hikes? Yeah Right
First thing Wednesday morning, I read an amusing tidbit on Wall Street Fed forecasting. By
Debating The Dollar
The Fed may need a presidential lecture on the many virtues of a weak dollar.
Coming To America
More bells at the top? Chip mania mascot SK Hynix — talk of the town
Investors Line Up To Loan Musk More Moon Money
“I’d expect all SpaceX offerings to be heavily oversubscribed,” I wrote earlier this week, editorializing
Avalanche Anatomy
I won’t harp on this too awful much unless things take a turn for the…
American Dream Is Casualty Of War
Womp, womp. The typical American housing payment rose to a one-year high in the four-week
The Wild, Wild East
Can geography make an otherwise apt metaphor a misnomer? Maybe. If so, “Wild, Wild West”
News From The Final Frontier
I don’t especially enjoy writing about SpaceX. I went through the motions on IPO day
Hikes Would Only Guarantee Cuts As Fed ‘Perpetually Beholden To Equities’
Everyone’s favorite sell-sider gets it. By “it” I mean the rationale for casting a wary
Meanwhile, In South Korea…
I suppose I’d be remiss not to mention a watershed moment from the wild, wild
10 Years, Seven Prime Ministers
And it was going so well! That’s sarcasm. It wasn’t going well. Not at all
The Other Kind Of ‘Boom’
With the (hardly insignificant) caveat that as long as margins remain elevated and corporates sustain
It’s Hot, Kevin
The macro docket’s pretty light in the US this week, where that means the only
Boom Looping
The war with Iran’s likely to cost American taxpayers more than $1 trillion, according to
Weekly: The Man Who Said Too Little
I imagine (I hope) this has occurred to someone other than me, but just in
Let’s Not Be Naive About Kevin Warsh
My sense is that analysts are misreading Kevin Warsh. Markets too, perhaps, although you can’t
Restating An Inflation Mandate Does Not A Hawk Make
I think Kevin Warsh will do everything he possibly can to avoid raising rates. Contrary
Peace On Our Dime
Late Wednesday, Donald Trump put Sharpie to page on the final version of a memorandum
Task Forces
Task forces. That’s a summary of what, forgive me, was a somewhat farcical debut for
Warsh Revamps Fed Statement, Ditches Rate Guidance, Snubs Dots
Well, it’s official: Kevin Warsh isn’t Kevin Hassett, which is to say Warsh isn’t the
So, Who Won?
I suppose most readers got the memo. The memorandum of understanding between the US and
America’s Spendthrifts Undeterred By Soaring Gas Prices
Look out: US retail sales are comin’ in hot, goddammit! Nominal spending across the world’s
‘Steadfastly Bullish’
Nearly 200 professional investors who, between them, manage less than half of what Elon Musk’s
Residential Construction Plunges To COVID Panic Levels
I’m a guy who — sad as this is for what it says about my
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