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Author: therealheisenberg

Off The Rails.

March 16, 2020March 16, 2020

”If the federal government doesn’t step up quickly…”

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7 Comments on Off The Rails.

Riksbank Expands QE, Tells Banks They Can Borrow ‘Unlimited Amount Of Money’

March 16, 2020March 16, 2020

Again, the ammo is all but spent, folks. Fiscal policy absolutely has to take the reins.

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‘There Are Calls For A Market Closure To Stop The Bleeding’

March 16, 2020March 16, 2020

“Equities players voice no desire to even think about playing offense”.

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12 Comments on ‘There Are Calls For A Market Closure To Stop The Bleeding’

Speed Demon: Fastest Bear Market In History Leaves Traders Reeling

March 16, 2020March 16, 2020

Staring into the abyss – again.

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Empire Manufacturing Survey Plummets. March Drop Is Largest In History

March 16, 2020

And so, it begins.

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‘This Is War’: Analysts Pile On As Virus Lockdowns Presage ‘Domino-Style Economic Collapse’

March 16, 2020March 16, 2020

Not to put too fine a point on it, but it’s over.

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5 Comments on ‘This Is War’: Analysts Pile On As Virus Lockdowns Presage ‘Domino-Style Economic Collapse’

‘Bazooka = Sell’: Markets Implode On Central Banks’ Coordinated Panic

March 16, 2020March 16, 2020

“It appears ‘Bearmageddon’ is upon us”.

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China Reports Mind-Boggling Plunge In Retail Sales, Industrial Output, Fixed Investment

March 15, 2020March 15, 2020

On the bright side…

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8 Comments on China Reports Mind-Boggling Plunge In Retail Sales, Industrial Output, Fixed Investment

All In. Limit Down.

March 15, 2020March 15, 2020

“The Fed has likely fired off its last bazooka.”

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7 Comments on All In. Limit Down.

RBA Says Ready To Buy Bonds. Action Coming Thursday

March 15, 2020

“It was just a question of when”.

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Shock And Awe: Fed Cuts Rates To Zero, Announces $700 Billion In QE, Enhances Swap Lines

March 15, 2020March 16, 2020

Now this a “whatever it takes” moment.

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15 Comments on Shock And Awe: Fed Cuts Rates To Zero, Announces $700 Billion In QE, Enhances Swap Lines

New Zealand Delivers Big Rate Cut, Commits To 12 Months Near Zero, Says QE May Be Next

March 15, 2020March 15, 2020

We are now firing the last bullets. And we’re shooting at a pathogen. 

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2 Comments on New Zealand Delivers Big Rate Cut, Commits To 12 Months Near Zero, Says QE May Be Next

Goldman Says S&P May Fall 41% From Peak. But Who’s Counting, Right?

March 15, 2020March 15, 2020

But that’s not the base case.

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6 Comments on Goldman Says S&P May Fall 416 From Peak. But Who’s Counting, Right?

Steve Mnuchin: The US Is Not In A Recession

March 15, 2020March 15, 2020

“I expect we’ll have a big rebound later in the year.”

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3 Comments on Steve Mnuchin: The US Is Not In A Recession

‘We Didn’t Know How To Navigate The Virus’: Ray Dalio’s Pure Alpha II Takes Big Hit Amid Market Chaos

March 15, 2020March 15, 2020

“We stayed in our positions and in retrospect we should have cut all risk”.

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Mideast Shares Dive, Egypt Plunges 9%, Aramco Slashes Capex 24%

March 15, 2020March 15, 2020

Central banks in the region are spending nearly $50 billion in the virus fight.

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oil2 Comments on Mideast Shares Dive, Egypt Plunges 92, Aramco Slashes Capex 242

‘Economies Are In Lockdown’: Trump Tests Negative For Virus, Europe Shuts Down As Infections Soar

March 14, 2020March 14, 2020

“We have not reached our peak”.

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10 Comments on ‘Economies Are In Lockdown’: Trump Tests Negative For Virus, Europe Shuts Down As Infections Soar

‘We’re Living In A Black Swan Scenario’: Equity Positioning Just Plunged To GFC Lows

March 14, 2020March 15, 2020

There have only been two other periods characterized by these kinds of wild swings: The GFC and the Depression.

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18 Comments on ‘We’re Living In A Black Swan Scenario’: Equity Positioning Just Plunged To GFC Lows

Trump Hints At Demoting Jay Powell To ‘Regular Position’, Says He Took Virus Test

March 14, 2020March 14, 2020

“I haven’t made any decisions on that”.

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5 Comments on Trump Hints At Demoting Jay Powell To ‘Regular Position’, Says He Took Virus Test

Trump So Proud Of Nightmare On Wall Street, He Autographed A Chart And Gifted It To Lou Dobbs

March 14, 2020March 14, 2020

Define hubris.

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10 Comments on Trump So Proud Of Nightmare On Wall Street, He Autographed A Chart And Gifted It To Lou Dobbs

It’ll ‘Wash Through’

March 14, 2020March 14, 2020

America now has a virus relief “plan” – courtesy of Nancy Pelosi and Steve Mnuchin.

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1 Comment on It’ll ‘Wash Through’

It Could Get Worse

March 13, 2020March 14, 2020

Platitudes.

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oil5 Comments on It Could Get Worse

Emergency.

March 13, 2020March 13, 2020

“Confidence”.

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4 Comments on Emergency.

Loonie Tunes: That’s 100bps This Month From The Bank Of Canada, In Case You’re Keeping Score

March 13, 2020March 14, 2020

And they’ll do more, if necessary.

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1 Comment on Loonie Tunes: That’s 100bps This Month From The Bank Of Canada, In Case You’re Keeping Score

QE Has Returned. And The Risk Parity Kraken Has Been Unleashed.

March 13, 2020March 13, 2020

The drama continues.

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1 Comment on QE Has Returned. And The Risk Parity Kraken Has Been Unleashed.

Limit-Up/Limit-Down Rolls On, As Germany Teases ‘Unlimited’ Economic Support

March 13, 2020March 13, 2020

“We won’t do things by half-measures”.

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4 Comments on Limit-Up/Limit-Down Rolls On, As Germany Teases ‘Unlimited’ Economic Support

Schizophrenia: Asia’s Wild Friday Ride

March 13, 2020March 13, 2020

“Markets are schizophrenic at the best of times these days”.

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Monthly Letters

To Be Happy

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