After The Fall: How To Regulate Crypto After $2 Trillion Collapse
It’s been a bad year for crypto, to borrow Sam Bankman-Fried‘s deliberately understated description of
Why Is The VIX So Low?
At regular intervals this year, sophisticated market participants have gone to extraordinary lengths to explain
Plunging Permits, Falling Demand Add To US Housing Gloom
US housing starts fell less than expected last month, data out Tuesday showed, but that
Markets Ponder The Unthinkable After BoJ Shock
“Symbolically, this is an important step,” SocGen’s Kit Juckes wrote Tuesday. He was referring to
Surprise! Bank Of Japan Stuns Markets With Policy Tweak
The Bank of Japan finally blinked. At its last meeting of the year, the lone
Vox Populi
Much as I’d like to, I can’t ignore the elephant in the room on Monday.
A ‘Gross Misinterpretation’ Of Milton Friedman
Over and over again in 2022, economists, analysts, policymakers and market observers engaged in the
Read Elizabeth Warren’s Letter To Tesla’s Board
On Monday morning, while documenting the latest and most dramatic twist in the ongoing soap
US Housing Bubble Enters 2023 In Suspended Animation
Nine months ago, if you wanted to buy a nice property in the US, you
Heroes Of The Last War
Effectively, last week was the final week of 2022 from the market’s perspective. The US
Harley Bassman’s Top Trades For 2023
I’ve offered the snark that “life is transitory,” which, while true, isn’t helpful. A cohort
Addiction Liability And The Roaring Twenties
For the better part of a dozen years after the financial crisis, central banks were
Sociology, But With Money
Stop the presses: Larry Summers has something constructive to say about inflation in the US
For Main Street, A Deeply Depressing, Wholly Pyrrhic Victory
Main Street scored a rare “win” over Wall Street in 2022. I’m not sure that’s
Mechanics Of The Post-FOMC Bear
The post-FOMC trade (which I typically define as the day of the decision and the
US PMIs Are Clear: Inflation Is Abating And The Cost Is Recession
Business activity in the US contracted meaningfully in early December, data out Friday suggested. Flash
The Christmas CPI Party That Wasn’t
Regardless of how things turned out on Wall Street Friday, risk sentiment was plainly on
Treacherous Vibes
The specter of ongoing rate hikes set against decelerating economic activity and persistent inflation isn’t
McElligott ‘Feels Pretty Emphatic’ About This Fed Take
The word “shock” was bandied about on Thursday to describe the Fed’s new dot plot,
‘Owl’ Lagarde Shows Talons As ECB Language Turns Aggressive
The ECB might’ve just become the most hawkish developed market central bank, an unfamiliar role
Did The American Consumer Just Fold?
US retail sales fell by the most since December of 2021 last month, data out
Hiking Into The Stagflationary Abyss
A divided Bank of England raised rates for a ninth consecutive meeting on Thursday, closing
Chinese Retail Sales Crumbled In November
Retail sales plunged in China last month, key data out Thursday showed. While the 5.9%
Unfinished Business
The Fed wants “substantially more evidence” that inflation is on a sustainable path lower. That
When Doves Try
As expected, the Fed raised rates by 50bps on Wednesday, capping a tumultuous year defined
China Reopening: What Could Go Wrong?
The Chinese government — or, more aptly, “the Xi Jinping regime” — postponed the most
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