On New Year’s Eve, as the curtain closed on what, for those lucky enough to
Author: therealheisenberg
Same As It Ever Was?
Suddenly, the pro-cyclical rotation catalyzed by the prospect of more fiscal stimulus (think: A unified
I’m Old Enough To Remember The Bond Selloff
So much for 1.25%. Late last week, I wrote that the US 10-year was “basically
Mutant Wars: Moderna Takes Aim At South African Virus Variant
Moderna is jumping at the opportunity to take a stab (figuratively and literally) at the
‘The Most Severe Risk’: Goldman On Vaccine-Resistant Virus Mutations
What could go wrong? That’s the question Goldman asked in a sweeping new note that
Froth In Hong Kong, Pessimism In Germany, Bickering Stateside
Risk sentiment was generally muted to start a week that will feature key economic data
As Birx, Fauci Reflect On Trump, Some Seem Unsatisfied
If you’re inclined to hand-wringing about the virus and what could have been, so to
Vacuous Shell Game
The Fed takes center stage this week, and it’s probably not a stretch to suggest
Junk Eyes January Sales Record As Risk-Taking En Vogue
The US corporate bond market remains robust coming off a banner 2020. Last year, both
After All That: Here’s How Trump’s Stock Market Ranks
One of — and perhaps the — defining features of the Trump era was the
Goldman Weighs In On ‘Unsustainable Excesses’ In US Stocks
If you ask Goldman, stocks probably aren’t a “bubble” — or at least not at
Paul Singer Warns On Possibility Of ‘Tremendous’ Inflation ‘Surprise’
As regular readers know, I enjoy lampooning industry “legends” in these pages. Actually, “lampooning” isn’t
Make Stocks Collapse Again
Will anyone hold Jeremy Grantham’s feet to the proverbial fire if his latest dire prediction
An Open Question
“We’ve got the tools, why don’t we use them?”, Joe Biden asked, on Friday afternoon.
‘Those Who Want To Stay Rich’
Earlier this week, I expressed some consternation at the frequency with which the word “bubble”
‘Unhealthy’ US Housing Market Caps Best Year Since Eve Of GFC
A day after data showed housing starts and permits rose to the highest since the
Hot PMI Headlines Belie Onset Of Stagflation
Well, if you go by PMIs (a questionable proposition), the US economy continued to press
Washington Is Creating A Wall Street Bubble, One Bank Suggests
“DC’s policy bubble [is] fueling Wall Street’s asset bubble,” BofA’s Michael Hartnett wrote, in the
Is The Reflation Trade Facing A Wile E. Coyote Moment?
For markets, some trepidation crept in as the curtain closed on Inauguration Week in the
Revenge Of The Pathogen
The dollar firmed and risk appetite dissipated Friday as fresh virus concerns dented sentiment. Hong
Totally Inexcusable, Wholly Predictable
“Let me be clear: Things are going to get worse before they get better,” Joe
Bitcoin (Allegedly) Suffers Glitch In The Matrix
Earlier this month, Bitcoin collapsed by more than 20% in the space of 48 hours,
The Houses Are Fine (Flaming Marshmallow)
It wasn’t all bad news on the economic front in the US Thursday although, as
Here’s An Idea: Put People To Work & Print Money To Pay Them
900,000 Americans filed for unemployment benefits last week. Believe it or not, that was actually
ECB Confronts ‘Revelation’ Of Spread Targeting ‘Policy’ Amid Pandemic Response
The ECB came into its first meeting of 2021 under the shadow of renewed lockdowns
The Narrative
Global stocks hit new highs and the dollar dropped a fourth day as investors leaned
After Biden, Let Her Run
Joe Biden’s inauguration came and went without incident. In a sad testament to the surreal
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