Economists and policymakers have the luxury of spending their days debating the meaning of the
Author: therealheisenberg
America’s Housing Conundrum Persisted In September
Housing starts fell last month, data out Tuesday showed. Typically, I’d offer a one-sentence explanation,
$1.3 Trillion Is Now Least Bullish In A Year, Key Survey Shows
Investors are the least bullish in a year. That was the headline takeaway from the
Scary Stories
Thank god for the flattener. Monday’s action in rates breathed life into what might have
‘Bad-flation’
The bear flattening impulse seen across global bonds to start the week felt ominous. If
Buyback Comeback
When it comes to equity demand, there’s no bid quite like the corporate bid. Buybacks
Rate Hike Threats, Surging Inflation Dominate Headlines
Traders are increasingly convinced that surging prices will force central banks to tighten. And posthaste.
Chinese Economy Decelerates Amid Crises
The Chinese economy decelerated in the third quarter, data out Monday confirmed, validating a chorus
The Hard Truth About The Energy Crisis And Climate Change
The data docket is relatively sparse in the US this week. Housing figures, claims and
Stock Allocations Breach Dot-Com Bubble Highs
Overall equity allocations are at a record high. That probably won’t surprise anyone. After all,
The Girl With The Black Lab
Serendipity is a funny thing. The Merriam-Webster definition is “the faculty or phenomenon of finding valuable
How To Make Sense Of Stocks In Modern Markets
Earlier this month, at least one bank suggested dip-buying, as a strategy, failed following the
An $8 Trillion Cliff
For now, the market is “cool with” policymakers being behind the curve on inflation. That
Honeymoon Over: Biden Economic Plan ‘Too Risky,’ Americans Reckon
Consumer sentiment deteriorated anew in October, the preliminary read on the University of Michigan’s gauge
Goldman Caps Wall Street’s IB Bonanza With Huge Beats
“What does this mean for Goldman?” That was the question on market participants’ minds this
Somehow, Americans Keep Spending
US retail sales unexpectedly rose in September, data out Friday showed. Although economists expected to
Evergrande The ‘Controllable’ Demolition
Beijing is aware of the problem. Thankfully, it’s “controllable.” That’s the word the PBoC used
What’s Albert Edwards Worried About?
The title is a bit of a red herring. If the question is “What’s Albert
Wall Street’s Investment Bankers ‘Firing On All Cylinders’
After a deluge of big bank earnings delivered over what certainly felt like a compressed
Breaching 300K
Initial US jobless claims fell below 300,000 last week, a milestone of sorts. 293,000 Americans
US Producer Price Growth Slows, But Clarity Not Forthcoming
US producer prices rose less than expected in September, data out Thursday showed. The 0.5%
Bank Of America Turns In Uncharacteristically Compelling Results
Bank of America turned in what looked, on the surface anyway, like solid results Thursday.
IEA Warns On Gas Crisis, Saudis Say Everyone Needs An OPEC
The October vintage of the IEA’s oil market report grabbed headlines Thursday as the world’s
Fed Effectively Announces November Taper. Nobody Cares
The onset of the taper could begin as early as November. That was one takeaway
Fundamental Selloff Triggers
“All-clear” isn’t quite right. In fact, it’s not right at all, really. A dizzying array
Hearts, Minds And ‘Dirty Words’
US consumer prices rose more than expected in September, data out Wednesday showed, but the
JPMorgan Says Made Billions In Bunches. M&A Doing Great
JPMorgan kicked off big bank earnings with a top-line beat. Adjusted revenue for Q3 was
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