Roll out the obligatory caveat(s). “The full economic effects of the COVID-19 pandemic cannot be
Author: therealheisenberg
Thoughts, Prayers, And Precious Metals
Friday picked up where Thursday left off — with a spate of wildly bad macro
‘It Would Be Great If This Record Is Never Beaten’: Europe’s GDP Numbers Betray Epic Collapse
GDP readings out of Europe Friday betray eye-popping contractions that would have been unfathomable in
The Big Boot
It was nobody’s idea of a “good” day. The worst economic downturn since the Great
Nomura’s McElligott Asks: ‘Could It Really Have Been That Simple?’
Gathering storm clouds notwithstanding, market participants are obliged to ponder the somewhat surreal prospect that,
Trump Election Delay Could Force World To Rapidly Re-Evaluate Dollar’s Reserve Status
In a dubious (if wholly predictable) development, Donald Trump on Thursday suggested delaying the US
It’s Official: US Logs Worst Downturn In The History Of Modern Economic Statistics
It’s official. America lived through the deepest downturn in the history of modern economic statistics
Jobless Claims Rise Second Straight Week In Truly Ominous Harbinger
Although the worst GDP report in US history will grab most of the macro headlines
All Is Not Well In The World
All did not feel “right” in the world Thursday, despite Jerome Powell’s assurances that the
‘We Finally Have A Number’: German Economy Logs Largest Contraction In Recorded History
“Massive slump” — that’s how Germany’s Federal Statistical Office described the worst quarterly performance on
Why ‘The Tide Is Going Out On US Dollar Exceptionalism’
In “Exceptionalism Lost”, I placed recent US dollar weakness in the context of America’s failure
‘There Won’t Be Any Jobs For Them’: Powell Prods Congress, Warns On Post-Pandemic Economy
“As long as it takes”, Jerome Powell said Wednesday, describing the Fed’s commitment to deploying
Fed Reiterates Promise To Never Let You Down. Extends Dollar Swap Lines, Foreign Repo Facility
A day before the US is scheduled to unveil the details behind the worst quarterly
What Happens To The Housing ‘Boom’ If There’s Another Round Of Layoffs?
Somebody get Larry Kudlow on the line — we need to reiterate the “boom” narrative
Your Dental Hygienist Could Be Driving Gold’s ‘Parabolic’ Rally
Late last week, I not-so-gently suggested that gold was in “mania mode”. That wasn’t an
Something Consequential
Fed decisions and post-meeting press conferences have a way of turning out anticlimactic. Or maybe
Nice Floor You Got There
Markets are generally resilient in the face of a few lackluster earnings reports and a
Deutsche’s Kocic: It’s ‘As If The Market Doesn’t See Any Bounds’ For Monetary Policy Support
Are there limits to central banks’ capacity to “administer” asset prices and otherwise engineer benign
Marko Kolanovic On How To Hedge A ‘Triple-Whammy’ To Multi-Asset Portfolios
For a decade (at least) investors have been afforded the opportunity to “have their cake
Surprise! Consumer Confidence Is Coming Unglued
Color me not (at all) surprised. Consumer confidence deteriorated in July, The Conference Board said
The Dangers Of Deficit Dogmatism And The Courting Of Disaster
What do we know now that we didn’t know coming into this week? Not much,
This Simple Point ‘Gives The Whole Game Away’ In Gold (And Bitcoin)
For years, I have implored cryptocurrency advocates to take a step back and reflect on
Gold Gets Jittery After Historic Run As Goldman Says World Searching For ‘New Reserve Currency’
Gold traded in a $75 range Tuesday as a furious rally bumps up against profit
Objects In Motion
An object in motion tends to stay in motion, which is why the dollar continued
How About $200 And A Get Well Soon Card?
“Time is running out”, Nancy Pelosi said Monday, in a statement as more specifics of
Grab The Hydroxychloroquine (The Robert O’Brien Problem)
In a testament to the precarious state of America’s coronavirus outbreak, National Security Advisor Robert O’Brien
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