Pat Toomey, who decided to undermine stimulus talks in Washington at the last minute by
Category: economy
New Virus Strain Bursts Boris Johnson’s ‘Christmas Bubbles’
“There is no current evidence to suggest the new strain causes a higher mortality rate
Relatively Speaking
It’s getting pretty stretched out there in equity land, notwithstanding stocks’ “relative” value versus bonds
America The Infected
The US now has two COVID-19 vaccines approved for emergency use by the FDA. As
The Worst Optics Imaginable
US equities ended lower on Friday as the curtain closed on what should have been
Tax Cuts For Rich People Produce ‘No Significant Economic Effects,’ Says 50 Years Of Data
You don’t have to be a scholar to understand why it’s absurd to suggest that
Low-Income Families Burned Through Two-Thirds Of Stimulus Cash Buffer By October
As you may have noticed, recent data suggests the world’s largest economy is losing momentum.
The Bank Of Japan At The End Of The Road
I doubt this needed underscoring, but just in case: Years of the easiest monetary policy
Elements Of Chaos
Speaking to Fox Business on Friday morning, Wilbur Ross confirmed the US will blacklist China’s Semiconductor Manufacturing
‘Who Wants To Be A Guinea Pig?’
Call it the ripple effect. Or actually, don’t. Because that’s not how the company wants
‘A Surge In Global Food Prices Could Trigger Social Unrest Everywhere,’ Albert Edwards Warns
Albert Edwards is worried about cereal. Specifically, whether you’ll be able to afford it going
‘Whoa’: Minerd, Bloomberg Interrupted Fed Coverage To Detail $400,000 Bitcoin Thesis
On Wednesday, Guggenheim’s Scott Minerd chatted with Bloomberg Television, as he’s wont to do, usually
Trouble In Philly
The latest read on jobless claims wasn’t the only piece of bad economic news in
Jobless Claims Surge Again As Sirens Blare In US Labor Market
In news that should surprise exactly nobody, initial jobless claims surged for a second week
Politics Before Polity
“#StimulusChecksNOW” was trending on Twitter Wednesday afternoon, if that tells you anything about the mood
Optically Decent US PMIs Belie ‘Severe’ Supply Chain Disruptions, Lost Momentum
IHS Markit’s PMIs for the US seemingly ignored the virus surge and associated new lockdowns
Retail Sales Dive As Feared Consumer Retrenchment Becomes Reality
Retail sales, one of the few top-tier economic indicators to stage a quick “V-shaped” recovery
EUR-phoria
The euro was the story prior to the Fed on Wednesday, as the single currency
Psychologically Speaking
US equities snapped a four-day losing streak Tuesday on stimulus optimism. At this point, market
A Half-Trillion In AUM Is The Second-Most ‘Optimistic’ Ever
With the exception of the post-tax cut melt-up in early 2018, “optimism,” defined as faith
The Tragic Irony Of America’s ‘Too Big To Fail’ Stock Market
Most of my days are spent digging around for interesting things to highlight, and in
Beware The ‘Post-War Hangover’ From Misguided Government Belt Tightening
What’s the biggest risk to the macroeconomic outlook in 2021 and beyond? To answer that
‘With All Our Hearts’
Angela Merkel is poised to take Germany back into a full-scale COVID lockdown starting Wednesday.
Yen And The Art Of Bridge Maintenance
For years, critics of central banks’ increasingly belabored efforts to engineer robust growth and “healthy”
‘Some Worry’
“Some worry,” is an industry mainstay when it comes to language the financial media employs
D.C. Dysfunction & The Lost Art Of Civic Responsibility
Good news: University of Michigan sentiment managed to post what, on the surface anyway, appeared to
Deal Busters Going Sideways
Risk sentiment soured Friday as market participants weighed stalled stimulus talks in D.C. and the

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