Saudis Tried To Extort G7 Over Fate Of Putin’s Frozen Billions
Would-be macro mavens and self-styled geopolitical observers harbor a lot of misconceptions about Saudi Arabia’s
US Credit Card Debt Rebounds, Hits New Record At $1.35 Trillion
Looking for more evidence that incorrigible American consumers might’ve finally exhausted the last of their
Powell Nods To Two-Way Risks, But Wants More Data For Rate Cut
Jerome Powell kicked off two days of congressional testimony on Tuesday with a set of
Autocratic Embrace
Narendra Modi’s an autocrat. He’s also an ethnonationalist whose religious fervor at times strays perilously
Parkinson’s Innuendo Worsens White House Crisis
I assume this is (painfully) obvious, but just in case: I’d rather not spend my
Supercharged!
Meanwhile, the stocks are unbothered. As discussed in the latest Weekly, equities haven’t batted an
The Albatross
For whatever it’s worth to you, participants in the latest installment of the New York
Out To Pastor
A lot of people, myself included, will be eating crow in 2028 when Joe Biden,
Le Pen Denied As France’s Left Rolls To Shock Election Win
The firewall held. The firewall held. Marine Le Pen suffered a grievous blow in the
Money Market Funds Now House Nearly $6.2 Trillion
If you were wondering — and I know you were — money market fund assets
American Dream Is Least Affordable Since 2007
The last time owning a home was as financially burdensome for everyday Americans as it
Up Next: Powell Interrogation, US CPI, Big Bank Earnings
Anyone who bothers to show up for work this week will hear from Jerome Powell.
Jesus Christ
“I don’t think anybody’s more qualified to be president or win this race than me,”
See No Evil
Global equities hit new record highs on Friday. MSCI’s gauge notched a fifth consecutive weekly
Requiem For Rate Hikes
Last month was pivotal. Maybe “pivotal” isn’t the right word. Let’s call it “remarkable” instead.
Mixed US Jobs Report Leaves Fed In Limbo
The US economy added more jobs than expected last month while revisions subtracted 111,000 from
Britain’s Back. But Nigel Serves Notice
“I believe this country is safer, stronger and more secure than it was 20 months
Labour Day
The polls weren’t wrong. Not that anyone thought they were. But… well, again, they weren’t
The Simple, Brutal Reality Of ‘Eastern Powers’
There’s a bull market in geopolitical counter-narrative. A raging, raging bull market. It’s been going
Japanese Stocks Celebrate Another Milestone
Earlier this year, Japanese equities celebrated a milestone: A meteoric rally in local shares finally
US Services Sector Is Either Crashing Or Booming
Yikes. The marquee gauge of US services sector activity unexpectedly dove into contraction territory for
US Slowdown Takes Shape As Hiring Downshifts, Jobless Claims Rise
Private employers in the US added 150,000 jobs last month, ADP said Wednesday. That was
Damn You 7%!
Bad news for America’s teeming scores of landless peasants: The cost to finance a cheap,
How Worried Should We Be?
Over the past few weeks, several readers have written to inquire as to my overall
Sintra Snoozer
Jerome Powell’s in Sintra this week hanging out with his global counterparts at the ECB’s
There Are Still 8 Million Open Jobs In America
Job openings were higher on the last business day of May, key US macro data
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