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Featured

Yeah, But Can It Draw A LEGO?

September 22, 2026
  • WTF: Buyer’s Market, Higher Prices?

    September 22, 2026
  • ‘Do I Annihilate Iran, Drive Them Into Hell?’ Nobel Hopeful Asks

    September 22, 2026
  • ‘Let The Oil Flow!’ Again!

    September 22, 2026September 22, 2026

Markets

There’s A Lot Riding On The Chips…

September 21, 2026September 22, 2026
  • Erstwhile Bear Confident In Year-End Stock Rally

    September 21, 2026September 22, 2026
  • Wall Street’s Fata Morgana Risk

    September 21, 2026September 22, 2026
  • What Happens To Stocks If Treasury Yields Go To 6%?

    September 20, 2026September 21, 2026
  • ‘The House’ Humiliated As Yen Plunges

    September 18, 2026September 20, 2026

economy

The Fed’s Never Been This Sure About The Jobs Market

September 21, 2026September 22, 2026
  • Weekly: The Counterfactual

    September 18, 2026September 20, 2026
  • A Mixed Read On A Grim Housing Market

    September 17, 2026September 19, 2026
  • Below 200k. Again.

    September 17, 2026September 18, 2026
  • Warsh Fed Hikes, Thank God

    September 16, 2026September 17, 2026

Geopolitics

A King In Washington

September 20, 2026September 21, 2026

Achtung Baby

September 20, 2026September 21, 2026

The ‘Real-World’ Energy Shock’s Finally Here

September 19, 2026September 21, 2026

Duly Noted

Who’s Coming To Nashville?

September 19, 2026September 20, 2026

Builder Sentiment Crumbles As US Mortgage Rates Soar

September 16, 2026September 17, 2026

Chaos Looms In Israel As Court Rebuffs Netanyahu

January 1, 2024January 2, 2024

If you’re an authoritarian, an aspiring autocrat, a power-hungry head of state or, frankly, just

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3 Comments on Chaos Looms In Israel As Court Rebuffs Netanyahu

Israel To Withdraw Some Troops As Half Of Gaza Starves

January 1, 2024January 23, 2024

They’re leaving. Some of them, anyway. Israel said Monday that reservists from two brigades deployed

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4 Comments on Israel To Withdraw Some Troops As Half Of Gaza Starves

Massive Earthquake In Japan Is Disastrous Start To 2024

January 1, 2024January 2, 2024

“Resolve to survive in 2024.” That was my exhortation to readers on New Year’s Eve.

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9 Comments on Massive Earthquake In Japan Is Disastrous Start To 2024

Jobs, Death And White (Collar) Privilege: 2024 Set For Launch!

December 31, 2023January 6, 2024

The white collar world will begrudgingly start pretending to work again this week after taking

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16 Comments on Jobs, Death And White (Collar) Privilege: 2024 Set For Launch!

Chinese Economy Ends Year On Sour Note. Foreign Stock-Buying Plunges

December 31, 2023December 31, 2023

The Chinese economy closed out a bad year with a fittingly lackluster read on factory

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Leave a Comment on Chinese Economy Ends Year On Sour Note. Foreign Stock-Buying Plunges

Houthis Killed By US Navy In Botched Pirate Mission

December 31, 2023January 1, 2024

Well, they had it coming. Four small boats full of armed, irascible Houthis decided to

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6 Comments on Houthis Killed By US Navy In Botched Pirate Mission

A Hopeless Species

December 30, 2023January 1, 2024

More than a dozen people were killed Saturday in Belgorod, where local officials described a

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12 Comments on A Hopeless Species

Are Emerging Markets A Lost Cause?

December 29, 2023December 31, 2023

Occasionally, someone’ll ask for my opinion on emerging markets, where that almost always means EM

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10 Comments on Are Emerging Markets A Lost Cause?

Putin Pummels Ukraine With ‘Every Type Of Weapon In His Arsenal’

December 29, 2023December 31, 2023

“We must continue to stand with Ukraine — for as long as it takes,” Rishi

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3 Comments on Putin Pummels Ukraine With ‘Every Type Of Weapon In His Arsenal’

Trump’s Overdue Process: Calling Time On A Madman

December 29, 2023January 23, 2024

Shenna Bellows was sworn into her first term as Maine’s Secretary of State on January

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26 Comments on Trump’s Overdue Process: Calling Time On A Madman

Money Funds Close Out Trillion-Dollar Year With One Final Inflow

December 28, 2023December 29, 2023

Money market funds closed out a historic year on a strong note. After two consecutive

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1 Comment on Money Funds Close Out Trillion-Dollar Year With One Final Inflow

Any Idiot Could’ve Nailed Record Late-Year Bond Rally

December 28, 2023December 28, 2023

Earlier this week, I noted that any idiot could’ve made a killing betting on a

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4 Comments on Any Idiot Could’ve Nailed Record Late-Year Bond Rally

Since The Dot-Com Bubble…

December 28, 2023January 6, 2024

Guess what? It’s been a good year for US tech stocks. Especially large US tech

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2 Comments on Since The Dot-Com Bubble…

Year’s Final US Housing Market Release Shows Sales Stuck At Record Low

December 28, 2023December 29, 2023

There’s nothing worse for a macro documentarian than a boring, but nevertheless notable, data release.

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1 Comment on Year’s Final US Housing Market Release Shows Sales Stuck At Record Low

Xi’s Stocks Are A Bargain! Any Takers?

December 28, 2023December 29, 2023

Chinese equities staged a rousing rally on Thursday attributed rather generically to “bottom-fishing.” As the

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4 Comments on Xi’s Stocks Are A Bargain! Any Takers?

Historic Rally Leaves Benchmark US Yields Hilariously Unchanged For 2023

December 27, 2023December 28, 2023

Janet Yellen welcomed two consecutive favorable auction results during the final week of 2023. On

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3 Comments on Historic Rally Leaves Benchmark US Yields Hilariously Unchanged For 2023

Rise Of The Primitive Society Of The Future

December 27, 2023December 28, 2023

[Editor’s note: The following is a new commentary from Notes From Disgraceland. It touches on

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2 Comments on Rise Of The Primitive Society Of The Future

The Astounding Decline Of The Affordable American Home. And What It Means

December 27, 2023December 28, 2023

10 years ago, roughly half of homes for sale in America were affordable for a

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7 Comments on The Astounding Decline Of The Affordable American Home. And What It Means

It’s Time To Stop Making Excuses For Genocide

December 27, 2023January 23, 2024

In an AP photo attributed to Fatima Shbair, a bulldozer pushes the bodies of Palestinians

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48 Comments on It’s Time To Stop Making Excuses For Genocide

Fed May Mothball ‘Hot Topic’ Bank Backstop In March

December 26, 2023December 26, 2023

The curtain will probably close in a few months on the bank backstop the Fed

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Leave a Comment on Fed May Mothball ‘Hot Topic’ Bank Backstop In March

S&P Poised For New Record As 2024 Beckons

December 26, 2023December 27, 2023

US equities are overbought, or close to it. But that doesn’t mean much in isolation.

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2 Comments on S&P Poised For New Record As 2024 Beckons

As Xi Marks Mao’s Birthday, China’s Stocks Are Worst In The World

December 26, 2023January 6, 2024

What can you say about Chinese equities that hasn’t already been said about Gaza? They’re

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4 Comments on As Xi Marks Mao’s Birthday, China’s Stocks Are Worst In The World

Temperature Rises As IRGC’s Mousavi Assassinated, US Hits Kataib Hezbollah

December 26, 2023December 27, 2023

War, war go away, come again… well, not another day, ideally. Headlines the day after

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15 Comments on Temperature Rises As IRGC’s Mousavi Assassinated, US Hits Kataib Hezbollah

US Home Prices Posted Largest Increase Of 2023 Before Rates Plunged

December 26, 2023December 27, 2023

US home prices rose nearly 5% in October from the same month a year ago,

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Leave a Comment on US Home Prices Posted Largest Increase Of 2023 Before Rates Plunged

Buy Now, Pray Later

December 25, 2023December 26, 2023

The Christian world came to a halt on Monday when, in keeping with tradition, families

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30 Comments on Buy Now, Pray Later

‘Just Darkness’

December 25, 2023December 26, 2023

“This moment is a test,” Isaac Herzog said, appealing to the Israeli public during a

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3 Comments on ‘Just Darkness’

Bitter Bears Look To 2024 After Frustrating Year

December 24, 2023December 26, 2023

There’s still a week left, but we can confidently speak about 2023 in the past

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1 Comment on Bitter Bears Look To 2024 After Frustrating Year

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Monthly Letter

  • To Be Happy

Recent Comments

  • Rick Jones on Yeah, But Can It Draw A LEGO?
  • WMD on ‘Do I Annihilate Iran, Drive Them Into Hell?’ Nobel Hopeful Asks
  • Engineer on Yeah, But Can It Draw A LEGO?
  • NY Jeff on Yeah, But Can It Draw A LEGO?

Monthly Letters

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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