There’s a “speculative frenzy sweeping Wall Street and world markets,” an overwrought Bloomberg headline trumpets.
Author: therealheisenberg
160,000 Dead Americans Later, Congress Clears Final Hurdle To New Stimulus Deal
Pat Toomey, who decided to undermine stimulus talks in Washington at the last minute by
New Virus Strain Bursts Boris Johnson’s ‘Christmas Bubbles’
“There is no current evidence to suggest the new strain causes a higher mortality rate
Relatively Speaking
It’s getting pretty stretched out there in equity land, notwithstanding stocks’ “relative” value versus bonds
America The Infected
The US now has two COVID-19 vaccines approved for emergency use by the FDA. As
The Worst Optics Imaginable
US equities ended lower on Friday as the curtain closed on what should have been
Tax Cuts For Rich People Produce ‘No Significant Economic Effects,’ Says 50 Years Of Data
You don’t have to be a scholar to understand why it’s absurd to suggest that
Low-Income Families Burned Through Two-Thirds Of Stimulus Cash Buffer By October
As you may have noticed, recent data suggests the world’s largest economy is losing momentum.
The Bank Of Japan At The End Of The Road
I doubt this needed underscoring, but just in case: Years of the easiest monetary policy
Elements Of Chaos
Speaking to Fox Business on Friday morning, Wilbur Ross confirmed the US will blacklist China’s Semiconductor Manufacturing
‘Who Wants To Be A Guinea Pig?’
Call it the ripple effect. Or actually, don’t. Because that’s not how the company wants
‘A Surge In Global Food Prices Could Trigger Social Unrest Everywhere,’ Albert Edwards Warns
Albert Edwards is worried about cereal. Specifically, whether you’ll be able to afford it going
‘Whoa’: Minerd, Bloomberg Interrupted Fed Coverage To Detail $400,000 Bitcoin Thesis
On Wednesday, Guggenheim’s Scott Minerd chatted with Bloomberg Television, as he’s wont to do, usually
Impact Of Tesla Inclusion On S&P Valuation Greatly Exaggerated, Goldman Says
I think it’s fair to say that market participants are obsessed with Tesla index inclusion.
Trouble In Philly
The latest read on jobless claims wasn’t the only piece of bad economic news in
Jobless Claims Surge Again As Sirens Blare In US Labor Market
In news that should surprise exactly nobody, initial jobless claims surged for a second week
Same Narratives. Also, Bitcoin!
A largely unchanged narrative greeted traders and investors Thursday as lawmakers in Washington pressed ahead
Politics Before Polity
“#StimulusChecksNOW” was trending on Twitter Wednesday afternoon, if that tells you anything about the mood
Fed Delivers A ‘Substantial’ Dose Of Almost Nothing At Year’s Final Meeting
Headed into the last FOMC meeting of the most tumultuous year in modern history, Fed
‘Morphing Into A Structural Shift’
For all the celebration (and simultaneous derision) around the Fed’s success in helping to drive
Optically Decent US PMIs Belie ‘Severe’ Supply Chain Disruptions, Lost Momentum
IHS Markit’s PMIs for the US seemingly ignored the virus surge and associated new lockdowns
Retail Sales Dive As Feared Consumer Retrenchment Becomes Reality
Retail sales, one of the few top-tier economic indicators to stage a quick “V-shaped” recovery
EUR-phoria
The euro was the story prior to the Fed on Wednesday, as the single currency
Harley Bassman Presents: A Model Portfolio – 2021
Come this time every year, I tend to publish a list of “Investments” that I
Psychologically Speaking
US equities snapped a four-day losing streak Tuesday on stimulus optimism. At this point, market
Cash Is Trash For Hyper-Bullish Fund Managers
Overall, the pile of “dry powder” parked in money market funds remains elevated, but a
Goldman’s Solomon, CNBC Serve Up Ready-Made IPO Bubble Punchlines
It’s not that the punchlines aren’t there. Rather, it’s that the punchlines are so obvious
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