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Author: therealheisenberg

Fed Delivers Dovish Hike Amid Bank Crisis

March 22, 2023March 27, 2023

“The US banking system is sound and resilient,” the Fed insisted Wednesday, while pulling the

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4 Comments on Fed Delivers Dovish Hike Amid Bank Crisis

Down Payments Plunge As US Housing Bubble Cools

March 22, 2023

Down payments are plunging in the US housing market. I should probably refrain from weighing

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1 Comment on Down Payments Plunge As US Housing Bubble Cools

Blankfein Suggests Wall Street’s First Republic Rescue Was Bad Idea

March 22, 2023March 22, 2023

Lloyd Blankfein — who, for those unfamiliar, ran a bank at one point — isn’t

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2 Comments on Blankfein Suggests Wall Street’s First Republic Rescue Was Bad Idea

The Biggest Confidence Game In History

March 22, 2023March 23, 2023

Much of the debate around how the Fed should approach the tradeoff between the inflation

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7 Comments on The Biggest Confidence Game In History

Food, Bar Inflation Now Off The Charts In UK

March 22, 2023March 23, 2023

“Disastrous” might be too strong an adjective. It usually is. But some less severe synonym

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2 Comments on Food, Bar Inflation Now Off The Charts In UK

The Crisis That Wasn’t?

March 21, 2023March 22, 2023

A pre-FOMC limbo found investors biding time. It didn’t feel like a “crisis” day. Indeed,

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3 Comments on The Crisis That Wasn’t?

Universal Deposit Guarantee Seems Inevitable After SVB

March 21, 2023March 21, 2023

Maybe this goes without saying, but on the off chance it’s not obvious, it bears

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Monumental Surge In US Home Sales Is Sideshow In Bank Drama

March 21, 2023March 22, 2023

Surprise! The two-month re-acceleration in US pending home sales translated into a blockbuster month for

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4 Comments on Monumental Surge In US Home Sales Is Sideshow In Bank Drama

Rates Shorts Suffer ‘Stop-Out Of Their Lives’ Amid 8-Sigma Trend Shock

March 21, 2023March 22, 2023

Whatever happens from here — where in this case that means even if bank contagion

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1 Comment on Rates Shorts Suffer ‘Stop-Out Of Their Lives’ Amid 8-Sigma Trend Shock

Stocks Have Never Been This Oblivious To Rates

March 21, 2023March 21, 2023

The broader equity market’s resilience in the face of head-spinning volatility in US rates is

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Bank Failures Raise Awareness Of ‘Systemic Credit Events,’ Poll Shows

March 21, 2023March 22, 2023

If you ask fund managers who together steward some $600 billion in AUM, the biggest

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Goldman On The Fed: ‘The Inflation Fight Can Wait Six Weeks’

March 20, 2023March 21, 2023

Over the weekend, during an interview with Fareed Zakaria, Lloyd Blankfein said that in his

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4 Comments on Goldman On The Fed: ‘The Inflation Fight Can Wait Six Weeks’

Risk Of Minsky Moment High With ‘Airplane In A Tailspin’

March 20, 2023March 20, 2023

Even if the Fed decided to lean decisively dovish this week, it may not matter.

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3 Comments on Risk Of Minsky Moment High With ‘Airplane In A Tailspin’

Xi, Putin Revel In Pageantry As Show Of Defiance

March 20, 2023April 2, 2023

Upon arriving in Russia Monday, Xi Jinping was greeted on the runway by a military

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Big Picture Takeaways From The Credit Suisse Bond Wipeout

March 20, 2023

Crises have a tendency to shine a light on what, to laypeople anyway, are esoteric

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1 Comment on Big Picture Takeaways From The Credit Suisse Bond Wipeout

The Swiss Killed The CoCos

March 20, 2023April 2, 2023

“Put on your big boy pants.” That was Jeff Gundlach’s advice to disgruntled “gunslingers” who

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6 Comments on The Swiss Killed The CoCos

Amazon Job Cuts Spread To AWS

March 20, 2023March 21, 2023

Ok, let’s recap how we got here. In late April of last year, while unveiling

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1 Comment on Amazon Job Cuts Spread To AWS

Mike Wilson Sees Bank Crisis As Bear Market Crescendo

March 20, 2023March 20, 2023

“The risk of a credit crunch has increased materially, in our view,” Morgan Stanley’s Mike

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5 Comments on Mike Wilson Sees Bank Crisis As Bear Market Crescendo

Fed Swap Line Announcement Betrays Serious Concern

March 19, 2023

On the heels of a frantic weekend during which the Swiss government orchestrated a historic

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Book Closes On Credit Suisse After 167 Years

March 19, 2023April 2, 2023

Going once, going twice, sold! For a princely CHF0.76. Credit Suisse was forced into the

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8 Comments on Book Closes On Credit Suisse After 167 Years

Switzerland’s Plan B: Nationalizing Credit Suisse

March 19, 2023March 19, 2023

To describe the shotgun wedding between UBS and Credit Suisse as “complex” would be to

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Moment Of Truth Arrives For Fed In Crisis Mode

March 19, 2023March 22, 2023

There was little utility in parsing the macroeconomic nuance ahead of this week’s FOMC meeting.

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9 Comments on Moment Of Truth Arrives For Fed In Crisis Mode

Putin Shows Up In Mariupol After Arrest Warrant Issued

March 19, 2023March 19, 2023

A wanted man traveled to Ukraine this weekend. In a surprise move, Vladimir Putin showed

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UBS Offers To Buy Credit Suisse For A Song In 2008 Echo

March 19, 2023March 19, 2023

After 48 hours of what one certainly imagines were tense negotiations with Swiss authorities, UBS

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3 Comments on UBS Offers To Buy Credit Suisse For A Song In 2008 Echo

Midsize Banks Request Full FDIC Pledge. White House Talks To Buffett

March 18, 2023March 20, 2023

Evidently, America’s small- and midsize banks are still very concerned about deposit flight. In a

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11 Comments on Midsize Banks Request Full FDIC Pledge. White House Talks To Buffett

UBS Takeover Of Credit Suisse Seen Imminent

March 18, 2023March 18, 2023

“I can’t imagine the Swiss authorities won’t do anything in the event of a real

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4 Comments on UBS Takeover Of Credit Suisse Seen Imminent

Trump Says He’ll Likely Be Arrested

March 18, 2023March 25, 2023

Donald Trump is going to be arrested on Tuesday. That’s according to Trump himself who,

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22 Comments on Trump Says He’ll Likely Be Arrested

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