100 Or Bust
Back in July, when the Bank of Canada aimed a 100bps rocket-propelled grenade at the
Germany Suffers Emerging Market-Style PPI Spiral
Producer prices in Germany soared last month. To the extent “soared” can be an understatement, consider
Plunging Permits Are Another Housing Canary
Housing starts rose far more than expected in the US last month, a development which,
Is Kuroda Putting His Personal Legacy Above Japan’s National Interest?
Telling the same yen story over and over again is admittedly a bit tedious, but
Good Things Gone Bad
For the longest time, the case for a “soft landing” in the US revolved around
JPMorgan, Kolanovic Still ‘Cautiously Optimistic’
The run up in terminal rate pricing and accompanying increase in US real yields are
Paulie Walnuts And The Triumphant Return Of Cash
I left the car running. I always do. It’s still scorching hot around here, and
US ‘Housing Recession’ Rolls On As Sellers Lose Stranglehold
There’s “no sign” that America’s “housing recession” is abating. That’s according to Robert Dietz, chief economist
Taiwan ‘Strategic Ambiguity’ Is Less Ambiguous All The Time
I don’t know when “strategic ambiguity” turned into an unambiguous defense commitment, but the latter
Mission Impossible: What To Expect From The Fed
All eyes turn to the Fed in the new week. Not that traders weren’t already
‘The World Doesn’t Work Like That’
“The world doesn’t work like that.” That’s what Zoltan Pozsar told Bloomberg earlier this month
The Double-Barreled Threat To Stocks
A near constant theme in these pages — a perpetual topic du jour, if you’ll
US Home Prices Are Destined To Fall
Mortgage rates in the US rose above 6% last week for the first time since
Goldman Raises US Recession Odds. Cuts Growth Outlook
The implied outlook for US economic growth is now “somewhat worse.” That’s according to Goldman,
Bulls Stare Into Dark Abyss As Event Risks Loom
It wasn’t a good week to be a bull. Images of FedEx’s largest one-day plunge
S&P Could Fall 40% In ‘Severe Hawkish’ Scenario
If we assume the likes of Bill Dudley, Larry Summers and Olivier Blanchard are correct
Blanchard Warns ‘Zero Chance’ Of ‘Immaculate Conception’ Jobs Miracle
“A critical debate has emerged” around the outlook for the US economy and the Fed’s
Inflation Uncertainty Soars To 1982 Levels
The improvement in US consumer sentiment witnessed in late August ebbed early this month, amid
FedEx May Be Wile E. Coyote Moment For Economy, Markets
Wall Street will spend the final day of a somewhat tedious week fretting over FedEx,
Breaking Point
Markets moved closer to what felt like a breaking point Friday. FedEx’s bleak remarks on
Normal Is War
In just two years, everything changed. The pandemic, and then, a ground war in Europe,
Inflation Hope Spotted In Fed Surveys
Although it’ll invariably be lost in the shadow of the August CPI report, it’s worth
Headline Retail Sales Beat Belies ‘Concerning’ Core Measures
US retail sales rose in August, but a cursory look under the hood suggested slower
Meanwhile, In Japan…
On Thursday, markets were “treated” to another “Econ 101” lesson. While previewing this week’s slate
Railroaded
Early Thursday, Joe Biden expressed gratitude to rail workers for striking… an eleventh hour deal
Here’s ‘Who’ Sold During 2022’s Worst Stock Plunge
If you’re looking to assign blame for US stocks’ worst day of 2022, you can
‘Intentional Crash Landing’ May Be Fed’s Only Remaining Option
The odds of a “left-tail,” hard landing scenario for the US economy have “exploded higher.”
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