“Stay calm.” That was Silicon Valley Bank CEO Greg Becker’s exhortation to VCs during a
Author: therealheisenberg
$2.7 Trillion Stock Rally Hides First US Real Estate Drop Since 2012
Last weekend, I suggested that if push comes to shove in the inflation fight, the
For Entertainment Purposes Only
I suppose I should pretend to have something introspective to say about Joe Biden’s budget,
Inflation ‘Persistent,’ ‘Resilient,’ ‘Broad-Based’
Inflation is persistent. Perhaps you noticed. That’s the thing about inflation: Irrespective of its original,
GM Asks Salaried Employees To Step Out Of The Vehicle
Add GM to the ranks of major US corporations looking to trim headcount. On Thursday,
How Expensive Are US Equities?
US equity valuations are a source of extreme consternation for many investors currently. There are
America’s Jobless Ranks Swell
“Good” news! US jobless claims rose sharply last week. Note the scare quotes. Generally speaking,
Putin Hits Ukraine With ‘Truly Massive’ Aerial Barrage
Russia launched hypersonic missiles, Iranian drones and nearly every other sort of projectile in its
Jerome Powell’s Ad-Libs Don’t Help
In everyday life, if you inadvertently cause confusion with something you say, it makes sense
Margin Squeeze May ‘Drive US Into Recession’: SocGen’s Edwards
“It is the rear-guard action of companies that ’causes’ recessions as they slash both jobs
Progress Towards US Labor Market Balance Maddeningly Slow
US job openings were 10.824 million as of the last business day of January, critical
In Canada, A Watershed Pause
In a watershed moment of sorts, The Bank of Canada paused its tightening campaign. Although
Xi References ‘Winning Wars’ While Outlining Military Priorities
Soundbites out of the National People’s Congress remained foreboding on Wednesday. A day on from
US Wage Growth Still Scorching As ADP Beats
US private sector employers added 242,000 jobs in February, ADP said Wednesday. That was more
US Revolving Credit Rises 22nd Month To Record $1.22 Trillion
Revolving credit in the US hit a new record high in January, data released on
Partisans And Demagogues
If you’ve seen one day of congressional testimony from Jerome Powell, you’ve seen them all.
Bassman Compares ‘Team Transitory’ To Reckless Gamblers
A Commentary by Harley Bassman (Twitter: @ConvexityMaven) Family lore suggests that my great Aunt
Fed Suffers Another Setback As Used Car Prices Jump
There was more bad news on the disinflation front Tuesday, and you could plausibly suggest
US Believes ‘Pro-Ukrainian Group’ Behind Nord Stream Explosions
Now it was an unnamed “pro-Ukrainian group.” The unsolved mystery of sabotage on the Nord
Powell Says May Need Faster Hikes. Terminal Rate Likely Higher
The Fed is ready to re-accelerate the pace of rate hikes if necessary, Jerome Powell
The Most Important Canary For Corporate Profits?
There’s a historic ravine between reported earnings and cash flows in the US, and it
Beijing Cranks Up Rhetoric As US Turns Screws
Geopolitical rancor was on the menu Tuesday, familiar fare to be sure. In his first
Clumsy RBA Messaging Raises Risks For Indebted Australian Households
“Global inflation remains very high,” the RBA said Tuesday. “It will be some time before
Goldman Says US Housing Upturn Probably Head Fake
Recent macro data out of the US economy was too much of a good thing.
Kolanovic Warns On Stocks As JPMorgan Sees ‘Boiling Frogs’
The fundamental outlook for risk assets is challenging. One strong week for stocks (let alone
Stocks, Bonds One Dovish Catalyst Away From Squeeze
Bonds and stocks could both be set for a squeeze in the event recent economic
Fate Of Bear Market Rally Hangs On Two Things
When Mike Wilson turns tactically (and relatively) constructive on equities, you might be inclined to
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