Larry Summers thinks Jerome Powell might have it all wrong. Well, not all of it.
Author: therealheisenberg
Bland Orators And Bad Tasseography
On Thursday afternoon, while wailing Afghans and shell-shocked military personnel were bagging up bodies and
For Entertainment Purposes
“Stagflation is the new investment backdrop,” BofA’s Michael Hartnett declared, in the latest edition of
Powell Says Nothing In Anticlimactic Jackson Hole Speech
It could be appropriate for the Fed to begin tapering monthly asset purchases this year,
Polite Nods To The Macro Narrative Du Jour
Personal spending rose 0.3% in July, slightly less than expected, perhaps underscoring the fragility of
Xi To Ban Some Overseas Tech IPOs, Erases Celebrities
Chinese tech shares may have managed to close out another tumultuous week with a gain
Thumper’s Maxim
Sometimes, I don’t know what Jim Bullard is thinking. Back in June, less than 48
Only The Dead
War is hell. On Wednesday, officials from western nations began warning citizens stranded in Afghanistan
No Needles Were Moved
353,000 Americans filed for unemployment benefits last week, slightly higher than the previous week’s upwardly-revised
Chinese Tech Rebound May Be DOA
The nascent rebound in Chinese tech hit a brick wall Thursday. After faltering during the
Let’s Try It And See What Happens
The Bank of Korea showed you can hike rates while virus cases are elevated without
Cost-Benefit Analysis In A Failing Economic System
“This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP
Pain. Or The Avoidance Thereof
Virtually no one that I’m aware of believes the Delta variant or associated weakness in
The Price Of Peace
“Summer melt-up continues,” read one headline, on a sleepy Wednesday afternoon. I don’t know, maybe
‘Clouded Over Again’
A furious rebound in beleaguered Chinese tech behemoths stalled after just two days, while global
1,000-Point Gap Opens Between S&P Bulls, Bears
The “doubt proved misplaced,” Bloomberg’s Lu Wang wrote Tuesday, as US equities marched toward another
Risk Of ‘Balanced Bear’ May Increase, Goldman Says
Remember the “can’t lose” conjuncture? It’s a pretty simple dynamic. Secular growth, including mega-US tech,
Regular People Can’t Keep Buying $400K Homes
Happy day. After falling for three consecutive months, new home sales topped estimates for July,
‘A Good Ol’ Fashioned Short-Squeeze’
Stocks may end up “trapped” again, where that means consigned to a rangebound grind, likely
Odds Of China Policy Pivot Game-Changer Increase Rapidly
It’s “everybody back in the risk pool,” Nomura’s Charlie McElligott said Tuesday, on the heels
‘Uninvestable’ Chinese Tech Stages Ridiculous Comeback Rally
Chinese tech shares surged a second day Tuesday, bolstering global risk sentiment and (finally) rewarding
‘What Turned The Tide’ For Stocks
So close, yet so far. From a cascading, selling-begets-selling, self-fulfilling drawdown, that is. For a
Stagflation-ary
Economic activity decelerated in early August, flash PMIs out Monday suggested, underscoring what, by now,
An Atrocity Against Human Progress And Reason
Cases keep rising, and people keep dying, but Americans are a stubborn bunch. Stubborn is
Rebounds, Bargains And ‘Zero’ Covid
Risk assets started the new week on the front foot, as the dollar backpedaled from
Speed Bumps
Jackson Hole isn’t the only thing on the docket in the new week. Jerome Powell’s
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