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Author: therealheisenberg

The Most Irrelevant CPI Report In History?

March 11, 2020March 11, 2020

Things have changed.

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Christine Lagarde Has 2008 Déjà Vu (Mrs. Lancaster)

March 11, 2020March 11, 2020

Good luck, Christine – you’re gonna need it.

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2 Comments on Christine Lagarde Has 2008 Déjà Vu (Mrs. Lancaster)

‘This Is A Big Package’

March 11, 2020March 11, 2020

Carney goes out with a bang.

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1 Comment on ‘This Is A Big Package’

Promises, Promises

March 10, 2020March 11, 2020

Still nebulous.

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9 Comments on Promises, Promises

Falling Knife Catchers Anonymous (Containment Zones)

March 10, 2020March 10, 2020

Then again…

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4 Comments on Falling Knife Catchers Anonymous (Containment Zones)

‘Do We Need To Wait For Lehman?’: One Bank Calls For Urgent Action To Avert ‘Snowball-Earth’ Scenario

March 10, 2020March 10, 2020

Suffice to say some folks are concerned – palpably.

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9 Comments on ‘Do We Need To Wait For Lehman?’: One Bank Calls For Urgent Action To Avert ‘Snowball-Earth’ Scenario

Donald Trump Is Furious. Demands ‘Pathetic’ Powell Conquer Coronavirus With Rate Cuts

March 10, 2020March 10, 2020

“Also, stimulate!”

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3 Comments on Donald Trump Is Furious. Demands ‘Pathetic’ Powell Conquer Coronavirus With Rate Cuts

After The Crash, Nomura’s Charlie McElligott Looks Ahead

March 10, 2020March 10, 2020

“Peak calamity”. Now what?

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(Price) War Is Hell.

March 10, 2020March 10, 2020

 “Welcome to the free market”.

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oil, OPEC1 Comment on (Price) War Is Hell.

S&P Futures Limit-Up In ‘Classic Bear Market Rally’ As Stimulus Hopes Abound

March 10, 2020March 10, 2020

“In our view this is a classic bear market rally”.

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Trump, Staring At Recession, Tips Payroll Tax Cut, ‘Dramatic’ Measures. Kelton Says ‘Run MUCH Bigger Deficits’

March 9, 2020March 10, 2020

“I will be here tomorrow afternoon to let you know.”

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10 Comments on Trump, Staring At Recession, Tips Payroll Tax Cut, ‘Dramatic’ Measures. Kelton Says ‘Run MUCH Bigger Deficits’

Infamy.

March 9, 2020March 9, 2020

“This is the end / My only friend, the end”…

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7 Comments on Infamy.

Fit To Be Tied.

March 9, 2020March 9, 2020

Of mice, men, stocks, bonds and viruses.

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5 Comments on Fit To Be Tied.

Low Energy.

March 9, 2020March 9, 2020

Oh, the humanity.

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oil, OPECLeave a Comment on Low Energy.

‘Cross-Asset Pandemonium’: Market Crash Triggers Circuit Breaker On Black Monday For Wall Street

March 9, 2020March 9, 2020

“Describing the conditions as turbulent is an understatement”.

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1 Comment on ‘Cross-Asset Pandemonium’: Market Crash Triggers Circuit Breaker On Black Monday For Wall Street

Behold! A Six Standard Deviation Blowout In High Yield Credit Fear Gauge

March 9, 2020

This is what “stress” looks like.

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4 Comments on Behold! A Six Standard Deviation Blowout In High Yield Credit Fear Gauge

Nomura’s McElligott: ‘Last Of The Generals’ Falls, As Legacy ‘100%’ CTA Nasdaq Long Up In Smoke

March 9, 2020March 9, 2020

“CTA ‘trigger’ levels for equities will increasingly matter again”…

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Fed Figures ‘Right Now!’ Is Good Time To Upsize Repos As Panic Proliferates

March 9, 2020March 9, 2020

“They should help support smooth functioning of funding markets”.

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2 Comments on Fed Figures ‘Right Now!’ Is Good Time To Upsize Repos As Panic Proliferates

As The World Burns.

March 9, 2020March 9, 2020

Praying for a deus ex machina.

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12 Comments on As The World Burns.

‘Excessive And One-Sided’: Crisis Rolls On With FX Flash Crashes, Plunging Yields, Bloodbath In Japan

March 8, 2020March 8, 2020

Everyone knew Monday morning would be remarkable. The market didn’t disappoint.

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3 Comments on ‘Excessive And One-Sided’: Crisis Rolls On With FX Flash Crashes, Plunging Yields, Bloodbath In Japan

Oil Dives 30% In Jaw-Dropping Move Following Saudi Price War Declaration

March 8, 2020March 9, 2020

Not a typo.

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oil, OPEC9 Comments on Oil Dives 309 In Jaw-Dropping Move Following Saudi Price War Declaration

Analysts Warn Of ‘VaR Implosion’, ‘Full-Blown Crisis’ As New Week Dawns With S&P Futures Limit-Down

March 8, 2020March 8, 2020

Fragile. Handle with care.

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oil6 Comments on Analysts Warn Of ‘VaR Implosion’, ‘Full-Blown Crisis’ As New Week Dawns With S&P Futures Limit-Down

‘Policy Failure Is Here’ (Just Give Me The Medicine)

March 8, 2020March 8, 2020

We’re asking silly, rhetorical questions now.

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5 Comments on ‘Policy Failure Is Here’ (Just Give Me The Medicine)

Governments Can’t Minimize Both Virus Deaths And Economic Damage: The Lancet

March 8, 2020March 8, 2020

“Governments will not be able to minimize both deaths from COVID-19 and the economic impact of viral spread.”

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‘Panic’ Grips Mideast Markets. Shares Dive Most Since Financial Crisis. Aramco Crashes

March 8, 2020March 8, 2020

Just call it “a regrettable day for us all’.

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oil, OPEC4 Comments on ‘Panic’ Grips Mideast Markets. Shares Dive Most Since Financial Crisis. Aramco Crashes

In Dramatic Escalation, Saudi Arabia Effectively Declares Oil Price War

March 7, 2020March 8, 2020

You ain’t seen nothin’ yet. 

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oil, OPEC10 Comments on In Dramatic Escalation, Saudi Arabia Effectively Declares Oil Price War

For One Bank, A Global Recession And A Bear Market Just Became The Baseline Forecast

March 7, 2020March 7, 2020

“…it is much too early to declare this episode as being done.”

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11 Comments on For One Bank, A Global Recession And A Bear Market Just Became The Baseline Forecast

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Monthly Letters

The Arbitrageur

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To Be Happy

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Hell Or High Fashion

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