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Author: therealheisenberg

Specs Turn Net Long Treasurys For First Time Since June

August 27, 2017August 27, 2017

“Make of that what you will, but it certainly doesn’t look like a vote of confidence in the prospects for the Trump agenda from where we’re sitting.”

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1 Comment on Specs Turn Net Long Treasurys For First Time Since June

Bannon’s War: Breitbart Takes Aim, Calls Paul Ryan A ‘Leftist’ In Absurd New Post

August 27, 2017August 27, 2017

In a piece that carries the InfoWars-ish title “Paul Ryan Throws In With The Leftists To Attack President Trump’s Pardon”, Steve Bannon’s propaganda machine writes the following…

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12 Comments on Bannon’s War: Breitbart Takes Aim, Calls Paul Ryan A ‘Leftist’ In Absurd New Post

The Risks For This Asset Class Are Asymmetrically Skewed To The Downside

August 27, 2017August 27, 2017

Given that the weaker dollar and a slow pace of policy normalization are key pillars of support for emerging markets, and given that the same thing that’s weighing on the dollar (Donald Trump) is also behind fleeting risk-off moves, it makes sense that EM would outperform USD HY. But…

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Trump Asks Twitter About NAFTA: ‘May Have To Terminate’?

August 27, 2017August 27, 2017

As usual, he has managed to cram so much absurdity into 140 characters that it’s impossible to parse it all, but the first question that comes to mind is this: why the fuck is that posed as an interrogative?  

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6 Comments on Trump Asks Twitter About NAFTA: ‘May Have To Terminate’?

‘One Man Died In His Bed’ – Welcome To Joe Arpaio’s ‘Hell’

August 27, 2017

“During the sweltering summer, the temperature could reach 115 or 120 degrees. I was in the tents when we hit 120. It was impossible to stay cool in the oppressive heat. Everyone would strip down to their underwear.”

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1 Comment on ‘One Man Died In His Bed’ – Welcome To Joe Arpaio’s ‘Hell’

150 Years After The Civil War, We Still Have A Problem

August 26, 2017August 26, 2017

Needless to say, the events that transpired in Charlottesville earlier this month and the President’s

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5 Comments on 150 Years After The Civil War, We Still Have A Problem

White Supremacist Site Stormfront Seized By Website Host After Outcry

August 26, 2017August 26, 2017

Good riddance.

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3 Comments on White Supremacist Site Stormfront Seized By Website Host After Outcry

Paul Ryan Criticizes Trump’s Arpaio Pardon In Latest Sign Of Friction

August 26, 2017

“The speaker does not agree with the decision.”

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9 Comments on Paul Ryan Criticizes Trump’s Arpaio Pardon In Latest Sign Of Friction

Joe Arpaio Pardon Is Brought To You By Alex Jones And His Vampire Invasion

August 26, 2017

Regular readers know we quite enjoy lampooning Alex Jones and his “news” outfit InfoWars. Alex

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3 Comments on Joe Arpaio Pardon Is Brought To You By Alex Jones And His Vampire Invasion

Turkish Delight: Trading ‘The Great British Selloff’

August 26, 2017

…do note that there’s a wild card here.

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1 Comment on Turkish Delight: Trading ‘The Great British Selloff’

‘For This Kind Of Person?’ USA Today Is Not Amused With Trump’s Arpaio Pardon

August 26, 2017

“Invoking the presidential pardon power for this man — former Maricopa County (Ariz.) sheriff Joe Arpaio — further shreds whatever semblance of moral authority the president retains, not to mention Republican hopes of making inroads among Hispanic voters.” 

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1 Comment on ‘For This Kind Of Person?’ USA Today Is Not Amused With Trump’s Arpaio Pardon

‘Good Luck To Everybody’: It’s ‘Hard To Predict’ How Debt Ceiling, Government Shutdown Will Play Out

August 26, 2017

Do you still have questions about the looming debt ceiling debate and the possibility of

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Thanks, Harvey: Trans Ban, Arpaio Pardon, Gorka Resignation Hit During Hurricane

August 25, 2017August 25, 2017

Wow. Talk about convenient timing. Thanks, Harvey.

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8 Comments on Thanks, Harvey: Trans Ban, Arpaio Pardon, Gorka Resignation Hit During Hurricane

Blazing Saddles, Flying Sacks Of Heroin, And The Debt Ceiling

August 25, 2017

The situation is so surreal that reality is now its own joke.

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1 Comment on Blazing Saddles, Flying Sacks Of Heroin, And The Debt Ceiling

Whom Fortune Favors

August 25, 2017

“What a bunch of superstitious hogwash.”

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5 Comments on Whom Fortune Favors

Nobody Panic.

August 25, 2017August 25, 2017

Your refund will be escaping this death trap with your life…

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1 Comment on Nobody Panic.

Euro Spikes To January 2015 High As Draghi Speaks At Jackson Hole

August 25, 2017August 25, 2017

Up, up and away.

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1 Comment on Euro Spikes To January 2015 High As Draghi Speaks At Jackson Hole

Let’s See If We Can Find A Reason Why The Plunging Dollar Isn’t Trump’s Fault

August 25, 2017August 25, 2017

But do me a favor: don’t act like the controlling factor here isn’t Pennywise, the geriatric orange clown.

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1 Comment on Let’s See If We Can Find A Reason Why The Plunging Dollar Isn’t Trump’s Fault

Leaked E-mails Show WSJ Editor In Chief Pressured Reporters To Alter Trump Coverage

August 25, 2017

“Could we please just stick to reporting what he said?”

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8 Comments on Leaked E-mails Show WSJ Editor In Chief Pressured Reporters To Alter Trump Coverage

While You Were Sleeping, Chinese Stocks Soared The Most In A Year

August 25, 2017

Whither China…

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Is Anyone Worried About Emerging Market Stocks Sitting At 3-Year Highs?

August 25, 2017

…this is another one of those scenarios where everyone seems to be pretty damn sure that nothing can go wrong. 

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1 Comment on Is Anyone Worried About Emerging Market Stocks Sitting At 3-Year Highs?

Larry Summers Isn’t Losing Sleep Over Bubbles But Yellen Leaving Would Keep Him Up At Night

August 25, 2017

“…if the ninth year of expansion with unemployment approaching 4 percent is not the time for above-target inflation, when will that moment ever come?”

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1 Comment on Larry Summers Isn’t Losing Sleep Over Bubbles But Yellen Leaving Would Keep Him Up At Night

Dollar Drops On Yellen’s Jackson Hole Remarks: Highlights

August 25, 2017August 25, 2017

And here are the highlights from Yellen’s speech in Jackson Hole via Bloomberg..

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3 Comments on Dollar Drops On Yellen’s Jackson Hole Remarks: Highlights

‘Wow!’ Friday Morning’s Gold Chaos In Pictures

August 25, 2017

Draw your own conclusions…

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Thumper Does Jackson Hole

August 25, 2017August 25, 2017

“Frankly, if they won’t or, more likely, can’t tell us what they are planning to do, they should take a pass and stick to their economics and orthodoxies.”

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More Insanity: Nonfunctioning JGB Market Shrugs Off Kuroda

August 25, 2017

Explain this.

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1 Comment on More Insanity: Nonfunctioning JGB Market Shrugs Off Kuroda

One Trader Takes A ‘Dark Side Stab’ At Jackson Hole

August 25, 2017

“No, a surprise will most likely look like a Central Bank chief that attempts to put policy back on the previous tighter path.”

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