Evergrande The ‘Controllable’ Demolition
Beijing is aware of the problem. Thankfully, it’s “controllable.” That’s the word the PBoC used
What’s Albert Edwards Worried About?
The title is a bit of a red herring. If the question is “What’s Albert
Wall Street’s Investment Bankers ‘Firing On All Cylinders’
After a deluge of big bank earnings delivered over what certainly felt like a compressed
Breaching 300K
Initial US jobless claims fell below 300,000 last week, a milestone of sorts. 293,000 Americans
US Producer Price Growth Slows, But Clarity Not Forthcoming
US producer prices rose less than expected in September, data out Thursday showed. The 0.5%
Bank Of America Turns In Uncharacteristically Compelling Results
Bank of America turned in what looked, on the surface anyway, like solid results Thursday.
IEA Warns On Gas Crisis, Saudis Say Everyone Needs An OPEC
The October vintage of the IEA’s oil market report grabbed headlines Thursday as the world’s
Fed Effectively Announces November Taper. Nobody Cares
The onset of the taper could begin as early as November. That was one takeaway
Fundamental Selloff Triggers
“All-clear” isn’t quite right. In fact, it’s not right at all, really. A dizzying array
Hearts, Minds And ‘Dirty Words’
US consumer prices rose more than expected in September, data out Wednesday showed, but the
JPMorgan Says Made Billions In Bunches. M&A Doing Great
JPMorgan kicked off big bank earnings with a top-line beat. Adjusted revenue for Q3 was
China’s Exports Defy Gloom Amid ‘Rampant’ Overseas Demand
China’s exports hit another record in September, driven by holiday demand and surging prices, Beijing
Stagflation Echo Chamber
Sometimes I doubt it occurs to the media how instrumental they are when it comes
IMF Delivers Quarterly Warning No One Will Heed
Some days, when the mood strikes, I randomly give readers a window into what I
On The Bright Side, Positioning Is Cleaner
If you’re looking for a reason to fret about an extension of last month’s equity
Quits Rate Hits Record In Funhouse Mirror Labor Market
US job openings fell more than 650,000 from July to August, closely-watched data out Tuesday
Every Day Is An ‘Out Of The Frying Pan’ Day
“Different day, same concerns.” That was the vibe on Tuesday as traders and investors (two
Xi Asks Who’s Been ‘Too Chummy’ With China’s Private Sector
A prospective Chinese property meltdown is still very much in focus, as is the country’s
China Property Defaults: Here’s How Bad It Could Get
Some folks weren’t paid. Or at least not immediately. Holders of two Evergrande dollar bonds
Implications Of A New Epoch
There’s considerable debate around whether developed countries are headed for a high inflation regime. The
Forecast Error
If you’re in the business of making predictions, you’re everywhere and always bedeviled by an
The Real Takeaway From Goldman’s US Growth Downgrade
Markets were back to worrying about peak growth at the beginning of a jam-packed week.
Hot Topics Galore
Traders will have plenty of data to digest in the new week. A second consecutive
Metastability: Rates In Limbo
Seven months ago, it looked briefly as though the four-decade bond bull might finally end.
America’s Economic Divide In Two Stories
What matters for real people is the effect on families. That’s my generalized assessment of
Do You Remember Snow?
We keep talking about monetary policy normalization as if it’s “a thing.” As if it’s
Stagflation: ‘Why Do I Care?’
You can scarcely visit a financial news portal in 2021 without coming across an article
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