BOE Condemns Putin, Hikes Rates, Adopts Dour Cadence
The first paragraph of the Bank of England’s March policy statement wasn’t about interest rates.
Good Cop Xi Conjures Historic Two-Day Stock Surge
If Beijing’s goal was to trigger a massive squeeze on the way to engineering the
(No) Significant Progress
The Kremlin on Thursday said reports of major progress in peace talks with Ukraine were
Don’t Worry, Jerome Powell Has A Plan
The US economy can “flourish” in an environment of tighter Fed policy, Jerome Powell said
Fed Delivers Liftoff, Signals Seven 2022 Hikes
The Fed raised rates by 25bps and signaled seven hikes for 2022 following March’s policy
You Don’t Want A Crypto Future. You Just Think You Do
In the weeks since the West moved to seize Russia’s foreign currency reserves, (too) many
US Retail Sales Decelerate As Gas Prices Surge
US retail sales rose 0.3% in February, data out Wednesday showed, an underwhelming performance that
Xi Rescues Chinese Stocks, Triggers Astounding Rally
Beijing finally reached the pain threshold. Following a series of dramatic sessions during which Hong
It’s Broken. All Of It.
It’s broken. After a decade (or more, depending on what manifestation of the same general
Cash Highest Since Lehman, Growth Lowest Since COVID
It won’t surprise you to learn that the conflict in eastern Europe was viewed as
All Noise And No Signal Makes Jack A Dull Boy
I assume this is obvious by now, but just in case: You can’t divine much,
Unmistakable Stagflation
US producer price inflation cooled a bit in February, good news, even as it’ll doubtlessly
Markets Skeptical Of Rosy China Data Amid ‘Complex, Grim’ Environment
Almost as a rule, markets are suspicious of China’s official economic data. There’s a fairly
In China, Hong Kong: Total Meltdown
“We should just close this market,” Bloomberg TV’s David Ingles sighed, just before the start
Equity Market Liquidity Has (Almost) Never Been Worse
Early last month, three weeks prior to Russia’s invasion of Ukraine, Goldman called liquidity the
‘History Is Moving.’ So Are Markets
Another volatile day on Wall Street found dazed investors reeling anew, as US equities oscillated
One Bank Sees ‘Likely Collision’ Between Powell, Stocks
The Fed “has a lot of wood to chop if they’re serious about removing the
There Won’t Be A ‘Soft Landing’
By now, it feels like a US recession is inevitable. The headwinds are gale-force, and
Black Monday! Hong Kong Shares Collapse In Outright Panic
Hong Kong shares succumbed to outright panic on Monday amid a bevy of concerns ranging
Proxy Wars
The Kremlin asked Xi Jinping for military assistance to bolster Russia’s efforts in Ukraine, US
Liftoff, Yes. But So Much More
Fed liftoff isn’t the only thing on the docket in the new week, although it’s
The Metaphysics Of Stupidity (Asbestos Is Our Future)
At the town’s entrance, drivers are greeted by what looks like a béton-brut installation in place
General Powell
Liftoff is finally here, and it’d be difficult to conjure a more challenging set of
Goldman Cuts S&P Target: ‘Lower Earnings, Lower Price’
“Lower earnings, lower price,” Goldman’s David Kostin said, summing up the rationale behind the bank’s
When’s The Big Selloff?
If you think calling the top is hard, try calling the bottom. “I’ve had people
The Mega Deal: On Bored Ape’s Historic CryptoPunks Acquisition
On Friday evening, Yuga Labs, maker of Bored Ape Yacht Club, announced it acquired the
Main Street Never Wins
One of the defining features of the post-Lehman era was the glaring juxtaposition between massive
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