US jobless claims hovered near a 50-year low in the week through Christmas Day. Initial
Author: therealheisenberg
Why Goldman Expects Inflation To Settle Down In 2022
If at first you don’t succeed. Around this time last year, Goldman’s economic team projected
Howard Marks’s ‘Perpetual Motion Machine’ In The Pandemic Era
Back in 2017, long before I stopped reading his memos, Howard Marks delivered one of
Black Sheep In Hong Kong
Meanwhile, in Hong Kong. Stand News, a pro-democracy holdout, became the latest casualty of Xi’s
Two Economic Arguments You Probably Shouldn’t Make
Some things are obvious, but for various reasons, we choose to ignore them. For example,
In Red-Hot US Housing Market, 19% Surge Counts As ‘Cool’
The rate of appreciation in US home prices is slowing. Albeit only slightly. I’m not
Wall Street, Fed Too Optimistic On US Economy, One Bank Says
The apparent demise of Build Back Better will deal a blow to an already waning
‘Living With It’: Record Stocks, Record COVID
It’s an odd pairing. Record high equities and record high COVID cases, I mean. That’s
Everyone Loves A Rally
“We like this,” one CIO said, on the first day of the last week of
How Not To Time The Market
I’ve been on about so-called “concentration risk” in US equities. Everyone has. The discussion isn’t
‘We’re All Going To Get Omicron’
The last week of 2021 dawned with headlines lamenting thousands of holiday flight cancelations in
Glass Half-Full
If you’re the pessimistic type when it comes to markets, 2021 wasn’t your year. Or
Vol, Liquidity And Flying Toasters (One Week To Go)
The data calendar is sparse in 2021’s final week. Odds are you’ll still get an
2021: An (Equity) Love Story
2021 will be remembered for a number of things in the minds of market participants.
How A Biden Meme Stole Christmas. And Why It Matters
Not that I expected “better” of anyone, and while acknowledging that social media algos surface
China Confirms Easing Cycle With ‘Proactive’ Central Bank Pledge
“In our view, the economy may need more than commitments,” SocGen’s Wei Yao and Michelle
Turkey May Face ‘Nightmare’ After Wild Lira Rally
“Who were these buyers?”, wondered Nureddin Nebati, Turkey’s recently installed Treasury and Finance Minister, during
Waking Up So We Can Continue To Sleep
Most traders and investors long ago came to accept (sometimes begrudgingly, sometimes quite happily) the
The Politics Of Inflation
Assessing the outlook for inflation is hard enough right now if you’re committed to objectivity
Want A New House? It’ll Cost You A Half-Million
As expected, new home prices rose again in the US last month, data out Thursday
The Last Time Inflation Was This High, Jay Powell Was 29 Years Old
Real personal spending was flat in the US last month, data out Thursday showed. Economists
On ‘Omicron Optimism’
Market wraps were awash with “Omicron optimism” Thursday. The body of evidence to support the
Biden Plays Stealth Stimulus Card With Student Debt Move
The Biden administration snuck some additional fiscal stimulus through the back door on Wednesday. In
Will The ‘Absurdist’ Retail Mania Return In 2022?
A defining feature of the post-pandemic market environment was greater participation on the part of
Are Americans Desensitized Or Just Complacent?
Are Americans desensitized to ominous headlines warning of new COVID waves and soaring inflation? Perhaps,
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