The Revenge Of ‘Econ 101’
News flow slowed to something approximating a trickle ahead of Jackson Hole, a consequence of
News flow slowed to something approximating a trickle ahead of Jackson Hole, a consequence of
“If you get to the mid-3s or maybe even a little bit higher, and then
At a certain point, you run out of creative hyperbole. Such is the case with
Cash is king. And not just because these are uncertain times. For most of the
Pain. The path to lower inflation in the US goes through economic pain. And Larry
“The larger risk to 2023 EPS is a recession,” Goldman’s David Kostin said, in the
Total nonfarm employment in the US returned to pre-pandemic levels in July, hotly-anticipated government data
Call off the recession. Maybe. A key gauge of US services sector activity defied a
Capitulation in equities is “only partial.” That was the message from Barclays at a critical
The ECB hiked rates for the first time in more than a decade Thursday and
Lehman! GFC! Dot-com! LTCM! Lions, tigers and (especially) bears. “Oh, my!” From time to time,
The Fed may have a credibility problem, but like everything else in the world, it’s
US job openings were lower on the last business day of May, closely-watched data out
US factory activity cooled more than expected last month, hotly anticipated data out Friday showed.
The ECB has seen enough. Already. Just four business days after confirming the imminent onset
SocGen’s Albert Edwards sees telltale signs of an economic downturn. In and of itself, that
Optimists claimed a small victory in the tug of war for control of the macro
Long-term US rates at ~2.50% are not consistent with ~5% inflation unless the Fed invokes
It’s time to start adding risk. Or at least in market segments that may have
Days like Monday underscore the abject futility of attempting to trade tactically in an environment
Those weary of inflation banter and Fed speculation will get no respite in the new
Lost in the cacophony of apocalyptic Fed pontificating is one simple reality: Financial conditions have
JPMorgan’s Marko Kolanovic sees something he hasn’t seen before. Namely, a paradoxical conjuncture that finds
The OECD had a simple suggestion for advanced economies on Wednesday: Vaccinate the world. It’s
“It is very likely that the Omicron variant has already arrived in Germany,”‘ Kai Klose,
To the extent they’ve succumbed to avarice, market participants could use “a little bit more
“Serene progress.” That amusing characterization of global equities’ monumental post-pandemic rally comes from a 64-page,
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