Was Bloomberg The CNBC Of Crypto?
[Editor’s note: The original version of this article referred to “DeFi yield farming,” as opposed
Lions, Tigers, Bears. But No Recession, No Rate Cuts
In November, we’ve seen mass layoffs, declining profit expectations and credit events. Lions, tigers, bears,
Why Historic CPI Rally Was A Disaster For The Fed
Headed into the November FOMC meeting, many worried Jerome Powell would come across as unduly
Does Bankman-Fried Deserve A Bail Out?
Predictably, my coverage of Sam Bankman-Fried’s self-described “f–k up” elicited several irritated e-mails from incorrigible
Tunnels, Lights And Trains
There’s a light at the end of the tunnel. (Insert oncoming train joke.) One argument
If Bad News Falls In The Forest…
There was bad news on the macro front Friday, although between Veteran’s Day, high drama
Perfect Bullish Storm
“One month of data does not a victory make,” Mary Daly said Thursday, speaking during
On Wall Street, A Day To Remember
Thursday will go down as one of the more memorable sessions in a year full
McElligott, Nomura Hit Home Run With CPI Call
[Editor’s note: By the close Thursday, the Nasdaq 100’s gain was 7.5%] The dramatic, knee-jerk
Hallelujah
Markets were handed the first piece of good inflation news in months on Thursday, when
‘I F—ed Up’
“I f—ed up.” So said Sam Bankman-Fried, on a call with FTX investors, many of
Tremendous Ambiguity
A palpable sense of “What now?” pervaded US markets Wednesday, when the combination of inconclusive
Dear Crypto: You Have No Lender Of Last Resort
I said I wasn’t going to write about FTX and Sam Bankman-Fried, and God knows
Purple Mud
Americans awoke to the shrill bleating of iPhone alarms and the acrid smell of decaying
Summers, Bidenomics Critic, Says Biden Midterms Best Since JFK
Larry Summers says there’s hope for American democracy yet, if not, perhaps, for the economy.
Familiar Dynamics
I’ve said it before, and I’ll say it again: I don’t envy anyone tasked with
Praying For A Compromise
2022 was unambiguously bad for bonds. You might say laughably bad, assuming you can find
Four-Step Program
If you ask highly qualified professionals, many of whom probably spent the rough equivalent of
For America’s Small Businesses, ‘Rough Times Ahead’
For the tenth straight month, US small business optimism loitered below the half-century average. I
US Housing Bubble: Something’s Gotta Give
“Way” back on October 28, while responding to comments on an article documenting a 31%
Markets And Midterms: Is Past Precedent?
There’s an argument to be made that the midterm elections in the US don’t matter
Markets, Strategy And Gridlock: Key Midterm Considerations
This feels entirely trite, but I’m compelled to mention it anyway as the US midterms
Despot Times, Despot Measures
The balance of news flow out of China was anything but encouraging Monday, but don’t
The Worst Year Ever. And What Might Be Next
Barring a miracle, 2022 will be a year to forget for market participants. Ironically in
Inflation Meets US Midterms In High Stakes Week
The data calendar in the US is sparse this week with a notable exception: CPI.
Sorry, But Democrats Are Wrong About Energy Policy
In what amounts to little more than pre-midterm posturing, Joe Biden continues to float the
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