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Author: therealheisenberg

‘When This Is All Over’

April 20, 2020April 21, 2020

“…I want people to say, we went through hell but we learned lessons.”

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10 Comments on ‘When This Is All Over’

Oil Falls 300%. Or Something. Is Less Than Worthless Now.

April 20, 2020April 20, 2020

“Incredible”.

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oil, OPEC7 Comments on Oil Falls 3007. Or Something. Is Less Than Worthless Now.

Shake Shack Tycoon Says You Can Have Your $10 Million Back, Since You’re Going To Whine About It

April 20, 2020April 20, 2020

“…we’ve decided to immediately return the entire $10 million PPP loan we received.”

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6 Comments on Shake Shack Tycoon Says You Can Have Your $10 Million Back, Since You’re Going To Whine About It

‘Hockey Stick’ Profit Dreams Were Shattered. Now Who Believes In ‘The Perfect V’?

April 20, 2020April 20, 2020

The “bottom line” – figuratively and literally.

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5 Comments on ‘Hockey Stick’ Profit Dreams Were Shattered. Now Who Believes In ‘The Perfect V’?

Oil Is All To Hell And ‘Negative Prices Are Possible’

April 20, 2020April 20, 2020

“Oil price is not like an equity price”.

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oil, OPEC3 Comments on Oil Is All To Hell And ‘Negative Prices Are Possible’

China Delivers Largest Cut Yet To De Facto Benchmark, But ‘More Easing Measures Are Needed’

April 19, 2020April 19, 2020

“…clearly more easing measures are needed”.

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1 Comment on China Delivers Largest Cut Yet To De Facto Benchmark, But ‘More Easing Measures Are Needed’

Trump Temporarily Postpones Some Tariffs, In Bid To Ease Supply Chain Strain

April 19, 2020April 19, 2020

And no, this isn’t Trump calling off the trade war.

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There Will Be Scars.

April 19, 2020April 20, 2020

But “there are believers out there.”

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3 Comments on There Will Be Scars.

Big Fat Checks, Steve Mnuchin’s Idea And Alms For The ‘Poor’

April 19, 2020April 19, 2020

“I’m sure people will be very happy to get a big, fat, beautiful check”.

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7 Comments on Big Fat Checks, Steve Mnuchin’s Idea And Alms For The ‘Poor’

In Bear Market Rally, Some Say They’ve Got It All Figured Out

April 19, 2020April 19, 2020

“Heads I win, tails you lose.”

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12 Comments on In Bear Market Rally, Some Say They’ve Got It All Figured Out

Liberation.

April 18, 2020April 19, 2020

“Edicts” and “scary movies”.

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11 Comments on Liberation.

Pork Problems And The Great COVID Deflation/Inflation Debate

April 18, 2020

“The American food supply chain had to adapt, and it remains safe, secure, and strong.”

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5 Comments on Pork Problems And The Great COVID Deflation/Inflation Debate

Deutsche’s Kocic: The Last Two Months Show The Intrinsic Instability Of Our Entire Economic System

April 18, 2020April 18, 2020

“The truth is simple.”

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24 Comments on Deutsche’s Kocic: The Last Two Months Show The Intrinsic Instability Of Our Entire Economic System

Write-Offs.

April 17, 2020April 18, 2020

They told us to “look through” it. And so, we did.

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Investors In Risky ‘Pandemic Bonds’ Just Got Wiped Out

April 17, 2020April 17, 2020

You knew the risks, right?

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3 Comments on Investors In Risky ‘Pandemic Bonds’ Just Got Wiped Out

Fed Cuts Treasury Buying In Half, Money Markets Normalize, And Zoltan Pozsar Asks: Machiavelli Or Bagehot?

April 17, 2020April 17, 2020

“Money is hierarchical…”

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6 Comments on Fed Cuts Treasury Buying In Half, Money Markets Normalize, And Zoltan Pozsar Asks: Machiavelli Or Bagehot?

An EM Crisis Is Not ‘Coming’ – It’s Already Here, One Bank Says

April 17, 2020April 17, 2020

“An EM crisis is not an abstract possibility – it is the current reality”.

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1 Comment on An EM Crisis Is Not ‘Coming’ – It’s Already Here, One Bank Says

There Is No Plan. Big-Cap Tech Is A Bubble. And Nomura’s McElligott On Black Swan ‘Size’ Factor Rout

April 17, 2020April 17, 2020

‘Guidelines’, new bubbles, and potential regime changes out of recessions.

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4 Comments on There Is No Plan. Big-Cap Tech Is A Bubble. And Nomura’s McElligott On Black Swan ‘Size’ Factor Rout

Silver Linings In Abundance.

April 17, 2020April 17, 2020

“…it doesn’t pay to rail that traders are getting it wrong if you don’t like how things go.”

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3 Comments on Silver Linings In Abundance.

China Reports Unprecedented GDP Contraction. And March Activity Data Reveals A Troubling Divergence

April 16, 2020April 17, 2020

It was the first contraction since at least 1992.

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Are Emerging Markets ‘The Next Imminent Disaster’ In Pandemic? Marko Kolanovic Answers

April 16, 2020April 16, 2020

The “next shoe to drop”? Maybe not. And here’s why.

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‘Opening Up America Again’: Here Are Trump’s Multi-Phase State Guidelines For Lifting Virus Lockdown

April 16, 2020April 16, 2020

The plan is loosely named after the president’s campaign slogan.

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5 Comments on ‘Opening Up America Again’: Here Are Trump’s Multi-Phase State Guidelines For Lifting Virus Lockdown

A Decade Of Jobs Just Vanished In America’s ‘Induced Coma’. And Steve Mnuchin Has ‘Bridge Liquidity’

April 16, 2020April 16, 2020

“…if the amount of ‘oxygen’ is insufficient, some parts of the economy will suffer irreparable damage.”

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5 Comments on A Decade Of Jobs Just Vanished In America’s ‘Induced Coma’. And Steve Mnuchin Has ‘Bridge Liquidity’

Albert Edwards: Market ‘Meltdown’ May Return On COVID Deflation Shock

April 16, 2020April 16, 2020

Feel better?

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1 Comment on Albert Edwards: Market ‘Meltdown’ May Return On COVID Deflation Shock

Volatility Saved Wall Street In The First Quarter. Now Comes The Hard Part

April 16, 2020April 16, 2020

“…the same negative impacts [but] without the potential benefit of higher client trading activity.”

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1 Comment on Volatility Saved Wall Street In The First Quarter. Now Comes The Hard Part

22 Million In Four Weeks: America’s Jobless Crisis Spirals

April 16, 2020April 16, 2020

Remember: There are real people behind these numbers.

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8 Comments on 22 Million In Four Weeks: America’s Jobless Crisis Spirals

Philly Fed Gets Rocky

April 16, 2020April 17, 2020

The readily apparent malaise notwithstanding, hope floats.

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Monthly Letter

  • To Be Happy

Recent Comments

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Monthly Letters

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

Escape Artists

May 11, 2026May 11, 2026

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