You Break It, You Buy It
The Fed is in the inflation fight for “as long as it takes,” Lael Brainard
WSJ ‘Fed Whisperer’ Now Calling All The Shots
On a fateful Friday morning in mid-June, the Fed ran into trouble when an extremely
‘Watch It Go’: The Yen And A ‘Quartet Of Grey Swans’
Admittedly, I ran out of creative ways to tell the same story about the yen
Meanwhile, Canada Sacrifices Housing Bubble To Curb Inflation
The Bank of Canada escalated its battle with inflation Wednesday, raising rates by another 75bps.
Things Just Turned More Serious In China
The outlook for the beleaguered Chinese economy darkened further as trade data for August underwhelmed,
‘Make No Mistake,’ It Can Get Worse For Stocks
It’s been an especially rough year for US equities. In fact, 2022 was worse than
I’m From The Government, And I’m Here To Help
If fighting determined central banks is a fool’s errand, what is fighting panicked governments? That’s
Don’t Panic About The Yuan. Yet
To read the headlines, you’d think the Chinese yuan had depreciated through record levels. Or
Dramatic Divergence Seen In Dueling US Services Sector Surveys
The US economy isn’t in a recession. Or at least not according to a spate
War Footing
The world is six months into the war in Ukraine. Or eight years, or 239
Saudis Snub White House As OPEC Reverses Output Hike
It’d be a shame if oil prices fell too much. OPEC+ on Monday agreed to
Truss Issues
Liz Truss, political shape-shifter extraordinaire, morphed into UK prime minister on Monday, as expected. Her
Europe Turns Chaotic As Kremlin Follows Familiar Playbook
Regional equities were under pressure, the euro sank below 0.99 and benchmark gas prices jumped
High Energy, High Drama
US investors will step out of the holiday and into a data vacuum in the
‘Putin’s Responsibility’: Germany Bails Out Households
There’s something ironic about an “inflation-busting” plan that involves billions in government expenditures. But, when
Larry Summers Isn’t Buying It
Generally speaking, market participants were pleased with the latest jobs report out of the world’s
‘The Thrill Is Gone’ For Equities. And Your QT Questions Answered
For the better part of a dozen years, stocks were beyond reproach. Thanks to subdued
Stocks Go From Sacred Cow To Sacrificial Lamb
If Neel Kashkari was “actually happy” to see US equities fall following Jerome Powell’s terse
The Charge Fed Critics Miss Is The Most Terrifying Of All
The Fed and its many critics have at least one thing in common: They both
Wanted In Europe: Mild Winter, ‘Specialized Repair Company’
Wanted: “A specialized repair company.” If that’s you, and you can ensure the “complete elimination
Soaring Energy Prices Belie ‘Cheapest Ever’ Energy Stocks
Besides USD cash, commodities are the only asset class that’s worked in 2022. Everyone can
Jobs Report Checks ‘Goldilocks’ Boxes
The pace of hiring in the US decelerated, but remained robust in August, according to
Epochal Shifts, Generational Bears
“We expect new highs in yields and new lows in stocks.” That was the message
What If ‘Normal’ Isn’t What We Think It Is?
The past two years prompted quite a bit of soul-searching for humanity, and particularly for
Things Just Got ‘Real’
An increasingly acute tightening impulse from a buoyant dollar and surging US real yields is
China Descends Further Into Crisis With Megacity Lockdown
Markets warily eyed a bevy of inauspicious developments as September dawned, including a new COVID
‘Manufacturing’ A Narrative Before ‘The Music Stops’
The US economy is resilient. So said top-tier data released on Thursday, less than 24
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