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Featured

‘Vol Cubed’ Explodes, Eclipsing ‘Even Volmageddon’

November 10, 2026November 10, 2026
  • Trial Balloon

    November 10, 2026November 10, 2026
  • He’s An Importer-Exporter, Okay?

    November 10, 2026
  • The Dark Side Of Liquidity: The Genealogy Of The AI Arms Race

    November 9, 2026

Markets

Buy The Dip? (Honeypot Training)

November 9, 2026November 10, 2026
  • Megaspeed Indeed. (Two Huangs Don’t Make A Right)

    November 9, 2026November 10, 2026
  • Jensen Got Honey-Trapped

    November 8, 2026November 9, 2026
  • Weekly: Melodrama

    November 7, 2026November 9, 2026
  • ‘Dem Fatale’ Crashes The AI Party

    November 6, 2026November 8, 2026

economy

What Are Treasurys Telling Us?

November 9, 2026November 10, 2026
  • Inflation Week!

    November 8, 2026November 9, 2026
  • Inflation Fatalism Has Set In

    November 6, 2026November 8, 2026
  • Drunken Monkey Darts

    November 6, 2026November 8, 2026
  • ‘Tis The Season! For Temporary Fulfillment Jobs

    November 5, 2026November 6, 2026

Geopolitics

Rasputin Presiding

November 8, 2026November 9, 2026

Tsunami

November 4, 2026November 5, 2026

Let’s Talk Blue Waves

November 1, 2026November 2, 2026

Duly Noted

US Jobless Claims Chase History

November 5, 2026November 7, 2026

Tech Got No Love This Earnings Season

November 3, 2026November 8, 2026

‘Fired And Forgotten In A Desolate World’

April 2, 2026April 4, 2026

If you’re not using AI, and thereby aren’t apprised of its rapidly-evolving capabilities, you should

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14 Comments on ‘Fired And Forgotten In A Desolate World’

Anyone Hiring?

April 2, 2026April 3, 2026

I’m reasonably (ok, totally) sure no one cares, but I feel like I should mention

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1 Comment on Anyone Hiring?

Iran’s Military Ramps Up Propaganda As Trump Eyes Exit

April 2, 2026April 3, 2026

The US and Israel “know nothing about our vast and strategic capabilities,” an indignant Ibrahim

Read More

15 Comments on Iran’s Military Ramps Up Propaganda As Trump Eyes Exit

Mission Accomplished?

April 1, 2026April 2, 2026

“That’s so far underground, I don’t care about that.” So said Donald Trump Wednesday during

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11 Comments on Mission Accomplished?

Day After Planning

April 1, 2026April 2, 2026

“We have dealt ten plagues upon the Axis of Evil,” Benjamin Netanyahu declared, addressing the

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11 Comments on Day After Planning

Key Factory Price Gauge Goes Vertical Amid War, Tariffs

April 1, 2026April 2, 2026

Don’t look now, but the marquee gauge of US factory activity just printed in expansion

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3 Comments on Key Factory Price Gauge Goes Vertical Amid War, Tariffs

Americans Were Back To Shopping On Eve Of Iran War

April 1, 2026April 1, 2026

For whatever it’s worth — technically a lot in a world where the overall price

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5 Comments on Americans Were Back To Shopping On Eve Of Iran War

Some Folks Were Hired. Allegedly.

April 1, 2026April 2, 2026

Good news: The US private sector added more jobs than expected in March. That’s according

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Leave a Comment on Some Folks Were Hired. Allegedly.

Peace Dividend

March 31, 2026April 1, 2026

Did you listen to Bill Ackman? Did you “ignore the bears” on the way to

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9 Comments on Peace Dividend

Trump Dangerously Close To Right Decision On Iran

March 31, 2026April 1, 2026

Get your own damn energy. Or buy some from us. We’ve got plenty. That was

Read More

79 Comments on Trump Dangerously Close To Right Decision On Iran

Real US Housing Wealth Continues To Shrink

March 31, 2026March 31, 2026

US homes are still getting cheaper. In real terms, anyway. To employ my standard joke:

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Leave a Comment on Real US Housing Wealth Continues To Shrink

US Hiring Rate Dives To 15-Year Low

March 31, 2026April 1, 2026

For the eighth consecutive month, there were more jobless than job openings across the world’s

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2 Comments on US Hiring Rate Dives To 15-Year Low

American Consumers Hang On, But ‘Skew Towards Pessimism’

March 31, 2026April 1, 2026

Against the odds, consumer confidence in America improved in March on what the Conference Board

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Leave a Comment on American Consumers Hang On, But ‘Skew Towards Pessimism’

Bad News Bears

March 30, 2026March 31, 2026

As a reformed macro-market propagandist, I’m a recognized authority on negative economic news. I’ve been

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2 Comments on Bad News Bears

Bill Vs. Bagher

March 30, 2026March 31, 2026

Heads-up: Pre-market so-called “news” or “Truth” is often just a setup for profit-taking. Basically, it’s

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4 Comments on Bill Vs. Bagher

50%

March 30, 2026March 31, 2026

If it’s worth doing, it’s worth doing big. That’s Donald Trump’s mantra, and we’ve seen

Read More

9 Comments on 509

The Cause Is Dead. Let Iran Try To Be A Nation

March 30, 2026March 31, 2026

“My favorite thing is to take the oil.” That’s a direct quote from Donald Trump

Read More

26 Comments on The Cause Is Dead. Let Iran Try To Be A Nation

Trump Should Take The Win In Iran

March 29, 2026March 30, 2026

“Conventional infantry troops.” That’s not what anybody wants to hear from the Pentagon when it

Read More

32 Comments on Trump Should Take The Win In Iran

Can America’s Teetering Jobs Market Avoid Back-To-Back Losses?

March 29, 2026March 30, 2026

I’d say traders’ focus will turn to the US labor market this week, but that’d

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Leave a Comment on Can America’s Teetering Jobs Market Avoid Back-To-Back Losses?

Restless Wall Street Out Of Patience With Iran War

March 28, 2026March 30, 2026

At the index level, the five-week selloff in US equities is the furthest thing from

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5 Comments on Restless Wall Street Out Of Patience With Iran War

Weekly: The Ghalibaf Question

March 27, 2026March 30, 2026

Israel wanted to kill Bagher Ghalibaf. And the IDF knew his “coordinates.” But Donald Trump

Read More

18 Comments on Weekly: The Ghalibaf Question

TACO Fail

March 27, 2026March 29, 2026

“There’s no clean TACO off-ramp.” That’s what the ER doctor says when you show up

Read More

15 Comments on TACO Fail

Double-Barreled War Risk Bombs Household Mood

March 27, 2026March 29, 2026

Not surprisingly in light of the war’s impact on gas prices, the US consumer mood

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1 Comment on Double-Barreled War Risk Bombs Household Mood

Iran Can’t Bet On American Democracy To Save Regime

March 26, 2026March 28, 2026

It could’ve been worse. A lot worse. That’s Donald Trump’s characteristically tone-deaf message to American motorists

Read More

16 Comments on Iran Can’t Bet On American Democracy To Save Regime

Home-Deal Cancelations Keep Hitting Records

March 26, 2026March 27, 2026

The deals are still falling through. Home deals I mean. When pending home sales fall

Read More

1 Comment on Home-Deal Cancelations Keep Hitting Records

Wrap It Up, Invade Or Both?

March 26, 2026March 27, 2026

Donald Trump’s ready to wrap it up. The war, I mean. That doesn’t necessarily preclude

Read More

8 Comments on Wrap It Up, Invade Or Both?

Israel Kills IRGC Navy Boss Tangsiri

March 26, 2026March 27, 2026

Alireza Tangsiri’s dead, if that means anything to you. Another IRGC lifer who traces his

Read More

3 Comments on Israel Kills IRGC Navy Boss Tangsiri

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Monthly Letter

  • The Arbitrageur

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Monthly Letters

The Arbitrageur

October 29, 2026October 29, 2026

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

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