Do you want a roaring economy or do you want rate cuts? Because you can’t
Author: therealheisenberg
Impugn The Imputation?
If the question’s whether we can trust the inflation data, the answer is, was and
The End Of Fed Independence May Be Nigh
Well, it was inevitable. And even saying that’s a testament to just how far afield
Wholesale Inflation Negligible In The US
Wednesday’s only tradable US macro update sent mixed messages about pipeline price pressure. On the
It’s Raining Money In Goldman’s Equities Business
As you might imagine given the volatility on display at the beginning of the quarter,
Bank Of America Remains Going Concern, Results Suggest
Bank of America on Wednesday reported trading results that easily topped estimates, and like JPMorgan
And The Most Crowded Trade Is…
Quick: What’s the most crowded trade on the planet? This is an easy one. You
Burning Questions
Are stocks a bubble? Is it too late to jump aboard the moving train? Did
Smart Money Hasn’t Been This Bullish Since Trump Was Good For Stocks
Fund managers haven’t been this bullish since they were under the impression that Donald Trump
Economists Wrong Again As Core Inflation Tame Despite Tariffs
“LOWER THE RATE!” Shouted a livid Donald Trump, somewhere. Underlying price growth undershot expectations again
Things Are Going Just Fine At JPMorgan, Thank You Very Much
The House of Dimon marked the unofficial start of earnings season in the US on
Chinese Economy On Track To Hit Growth Target, Beijing Swears
Surprise! The Chinese economy expanded fast enough in Q2 to keep the full-year growth target
Margin Risk, Not Valuations, Is Biggest Source Of Stock Uncertainty
One argument against the idea that Donald Trump’s tariffs will manifest in higher consumer prices
Should You Fear Narrow Markets And ‘Euphoric’ Valuations?
Regular readers know I have a love-hate relationship with narrow market laments. The same’s true
Meanwhile, In Japan…
Japan’s often described as a kind of paragon when it comes to the contention that
With Trump’s Help, China Racks Up Record Trade Surplus
So much “winning.” How can you stand it? Draconian US tariffs and pressure on America’s
‘The Currency And Bond Market Can Collapse’: Powell Exit Fears Spread
Late last week, I said big banks need to begin pondering the consequences and fallout
Warsh, Hassett Escalate Powell Witch Hunt
Donald Trump’s not going to fire Jerome Powell. That’s according to, uh, Donald Trump. “No,”
Where’s The Tariff Inflation?
It’s a pretty busy week in the US, where traders will parse key inflation updates,
Trump’s Impossible Tariff Math
What fiscal crisis? The US ran a surprise surplus in June, according to the monthly
Gold And The Sinking Dollar Ship
Gold. It’s — umm — shiny. I’ll say that for it. Whenever I run out
One Bank Goes There: ‘What If Powell Leaves?’
After this week, Wall Street’s obliged to seriously consider the possibility that Jerome Powell might
Code Red As Russ Vought Goes After Jerome Powell
The US is venturing into very, very dark waters vis-à-vis central bank independence. On Thursday,
The Problem With A Buyback-Dependent Equity Market
Dividend yields for US stocks are nearing levels last seen a quarter century ago around
Birds Of A Feather
Tariffs can fix anything. Even the legal troubles of your friends abroad. Donald Trump’s a
Plunging Jobless Claims Rebut Rate-Cut Calls
The US labor market’s fine. “Solid.” “Resilient.” Any synonym for “sturdy” will work. Thursday’s sole
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