After a dozen years of accommodative monetary policy, markets have lost the capacity to fully
Author: therealheisenberg
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
Fed Hikes Rates Most Since 1994 In Dramatic Mea Culpa
The Fed hiked rates by the most since 1994 on Wednesday, in a decision that
Everywhere You Look, Markets Are Breaking
Traders are learning to live with outsized moves and pervasive cross-asset volatility. Or, if they
US Retail Sales ‘Unexpectedly’ Fall Amid Consumer Angst
US retail sales unexpectedly fell in May, data out Wednesday showed. The 0.3% decline from
ECB Panics Four Business Days After Confirming Policy Pivot
The ECB has seen enough. Already. Just four business days after confirming the imminent onset
Key Data Shows Chinese Economy Stuck In Neutral
Chinese economic activity perked up in May, crucial activity data out Wednesday suggested, but the
Coinbase Is Losing A Few Team Members
If it seems like less than two weeks ago when Coinbase’s Chief People Officer, L.J.
What Could Force A Fed Pivot? $800 Billion Sees Five Catalysts
The “Bostic pause” story was a cruel canard. That much is now clear. In a
US Producer Prices Notch Sixth Straight Double-Digit Increase
US producer prices rose at a double-digit 12-month rate for a sixth consecutive month in
Fed Spiral: 50 Was The New 25. Now 75 Is The New 50
75bps Fed hike increments would’ve sounded positively ludicrous a mere six months ago. Now, they’re
US Small Business Outlook Hits Another 48-Year Record Low
Small business “optimism” looked suspiciously like pessimism in May, the latest NFIB survey, released on
Sentiment ‘Dire’ As Growth Outlook Collapses In Key Investor Survey
Global growth optimism fell to its lowest levels on record and sentiment is “dire.” That’s
Markets Brace For Impact As Fed Whisperer Tips 75
Headed into the new week, I suggested on multiple occasions that the market was on
The Crypto Universe Is Imploding
Bitcoin, and cryptocurrencies more generally, were in all kinds of trouble at the beginning of
Kolanovic Says Rates ‘Went Too Far,’ Fed May ‘Surprise Dovishly’
“We believe rates market repricing went too far and the Fed will surprise dovishly relative
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