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Category: Markets

Characteristically Surreal.

May 8, 2020May 9, 2020

“If you don’t [think] the Fed is buying stock ETFs on the next market shock, you are wrong.”

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oil2 Comments on Characteristically Surreal.

The Fed Effect On Flows, And A $4.7 Trillion Cash Pile Suddenly Facing Negative Returns

May 8, 2020

Flow reversals and the “cost of cash”.

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2 Comments on The Fed Effect On Flows, And A $4.7 Trillion Cash Pile Suddenly Facing Negative Returns

‘Temporary’ Precarity

May 8, 2020December 25, 2020

The April jobs report was a tragedy of historic proportions – an unmitigated disaster. The

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26 Comments on ‘Temporary’ Precarity

Waking Nightmare: A Walk Through The Worst Jobs Report In American History

May 8, 2020

A funeral for America’s labor market.

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2 Comments on Waking Nightmare: A Walk Through The Worst Jobs Report In American History

Great Depression II: 20.5 Million Jobs Lost In Worst Ever Payrolls Report

May 8, 2020May 8, 2020

April’s jobs report is, quite simply, the single worst top-tier economic data print in modern history.

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7 Comments on Great Depression II: 20.5 Million Jobs Lost In Worst Ever Payrolls Report

With ‘No China Doves Left,’ Market’s Faith In Trade Deal Seems Misplaced

May 8, 2020May 8, 2020

None of this is going to mater if the virus recrimination continues, though.

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2 Comments on With ‘No China Doves Left,’ Market’s Faith In Trade Deal Seems Misplaced

Market Prices In Negative Rates For US. Media, Blogs, Finance Twitter Lose Collective Mind

May 7, 2020May 7, 2020

You can’t go wrong with “negative rates are coming to America”.

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2 Comments on Market Prices In Negative Rates For US. Media, Blogs, Finance Twitter Lose Collective Mind

‘He Lost It’: Fearing Economic Oblivion, Trump May Extend Tax Deadline To December, Take ‘Unilateral’ Measures

May 7, 2020May 7, 2020

“We’re not going to shy away from them.”

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8 Comments on ‘He Lost It’: Fearing Economic Oblivion, Trump May Extend Tax Deadline To December, Take ‘Unilateral’ Measures

Meanwhile, Turkey Careens Into Currency Crisis As Erdogan ‘Declares War’ On Citi, UBS, BNP

May 7, 2020

“…a hugely damaging move.”

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Leave a Comment on Meanwhile, Turkey Careens Into Currency Crisis As Erdogan ‘Declares War’ On Citi, UBS, BNP

Albert Edwards Dreams Of Stephanie Kelton’s Free Money Train. Says S&P Is ‘Ludicrous’ Bubble

May 7, 2020May 7, 2020

“I’m not sure what to make of all this except…”

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4 Comments on Albert Edwards Dreams Of Stephanie Kelton’s Free Money Train. Says S&P Is ‘Ludicrous’ Bubble

33.5 Million And Counting.

May 7, 2020May 7, 2020

…an ongoing, higher frequency reminder that the US economy is by no means out of the proverbial woods.

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4 Comments on 33.5 Million And Counting.

Nomura’s McElligott: Don’t Mistake Curve Steepening For Something It’s Not

May 7, 2020May 7, 2020

“Cash crunch issuance realities.”

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5 Comments on Nomura’s McElligott: Don’t Mistake Curve Steepening For Something It’s Not

Band-Aids For Earthquake Fissures.

May 7, 2020May 7, 2020

…the coordinated, global firefighting effort continues.

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Leave a Comment on Band-Aids For Earthquake Fissures.

More Than Half Of America’s Small Businesses May Be Gone By The Election. Literally.

May 6, 2020May 7, 2020

…teetering precariously on the precipice of oblivion.

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7 Comments on More Than Half Of America’s Small Businesses May Be Gone By The Election. Literally.

Larry Fink Terrified That Corporations May Be Asked To Pay Higher Taxes After Virus

May 6, 2020

But higher corporate taxes aren’t the only wraiths and phantasms floating around Larry’s tortured dreams.

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9 Comments on Larry Fink Terrified That Corporations May Be Asked To Pay Higher Taxes After Virus

‘I Exhort You To Do This’: It’s Desperation Time As America’s Beef Crisis Goes DEFCON Wendy’s

May 6, 2020May 6, 2020

Everyone knows people go to Wendy’s for the Frostys.

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10 Comments on ‘I Exhort You To Do This’: It’s Desperation Time As America’s Beef Crisis Goes DEFCON Wendy’s

With Stocks In ‘No Man’s Land,’ Nomura’s McElligott Delivers Summer Outlook, ‘Roadmap’ For Second Half

May 6, 2020May 6, 2020

The summer fade, and a possible bounce thereafter.

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9 Comments on With Stocks In ‘No Man’s Land,’ Nomura’s McElligott Delivers Summer Outlook, ‘Roadmap’ For Second Half

Goldman Previews Dystopian ‘Adjustment Mechanisms,’ Isn’t Worried About Inflation In Post-COVID Reality

May 6, 2020May 6, 2020

The good news is…

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Small And Midsized Businesses Wiped Out In April, Grim ADP Report Shows

May 6, 2020May 6, 2020

“Job losses of this scale are unprecedented.”

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No Evidence. And No, That Is Not A Misprint.

May 6, 2020May 6, 2020

“This matter should be handled by scientists.” Also, “there’s always a first time for everything.”

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6 Comments on No Evidence. And No, That Is Not A Misprint.

‘There’ll Be More Death’: Trump Admits Reopening Economy Will Cost Lives. Traders Get Short On China Worries

May 5, 2020May 5, 2020

“Will some people be affected? Yes. Will some people be affected badly? Yes.”

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8 Comments on ‘There’ll Be More Death’: Trump Admits Reopening Economy Will Cost Lives. Traders Get Short On China Worries

Harley Bassman Asks: ‘Where Is The Folder?’

May 5, 2020

“Forced to consider the latter, let us not make the same mistake with our investments.”

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11 Comments on Harley Bassman Asks: ‘Where Is The Folder?’

Farmer Sentiment Wipes Out All Trump-Era Gains In Stunning Two-Month Plunge

May 5, 2020May 5, 2020

Domino effect.

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10 Comments on Farmer Sentiment Wipes Out All Trump-Era Gains In Stunning Two-Month Plunge

Quick Look Under Hood Of ISM Services ‘Beat’ Shows This Car Has No Engine

May 5, 2020May 5, 2020

“COVID-19 has halted much of our standard work…”

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Is ECB QE Illegal? Asking For Germany

May 5, 2020

“The Bundesbank may thus no longer participate…”

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Freight Trains.

May 4, 2020May 5, 2020

Choose wisely.

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6 Comments on Freight Trains.

As US Gears Up To Borrow $3 Trillion In 3 Months, Here’s The Truth On Government Spending

May 4, 2020May 4, 2020

“Today, borrowing is voluntary, at least for countries with sovereign currencies.”

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28 Comments on As US Gears Up To Borrow $3 Trillion In 3 Months, Here’s The Truth On Government Spending

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Monthly Letter

  • To Be Happy

Recent Comments

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To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

Escape Artists

May 11, 2026May 11, 2026

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