Marx To Market
Traders “snubbed risks,” one headline read on Wednesday, as equities looked for more gains. The
As August Melts Into September…
I mentioned there were two key macro narratives on Tuesday, and they’ll stay relevant even
The Holzmann Tantrum?
There were two key macro narratives Tuesday, one of which was the slowdown in China
Crisis Of Confidence
Consumer confidence tumbled in August amid Delta variant hand-wringing and inflation concerns. Earlier this month,
US Home Prices Post Another Record, Surge Most In 30 Years
US home prices rose more than expected in June, data out Tuesday showed. The latest
The Writing On The Wall
The writing is on the wall in China. And the font is large. Beijing’s regulatory
Xi’s ‘Profound Revolution’ Renders Market Calls Worthless
As it turns out, Xi Jinping’s sweeping regulatory blitz (which, if you date to Jack
S&P To Fall 10% By ‘Ice’ Or By ‘Fire’: Morgan’s Wilson
One way or another, a 10% correction is probably in the cards for US equities.
Meanwhile, There’s Data
While I was busy writing about important things on Monday morning, the first of this
America The Radical
One of the most striking features of the post-Trump media landscape in America is the
Bad Mouths, Bad Debt, Bad Bets
China’s never-ending deluge of decrees aimed at ameliorating perceived social ills continued Monday. Teenagers can
‘Seriously, Y’all. Stop it.’
At age seven he had read most of the dialogues of Plato. The next year
‘Nothing So Bad That It Couldn’t Get Worse’
Headlines in the new week will revolve mostly around the final days of America’s chaotic
Remind Me About The Risks Again
We’ve reached that glorious point in an inexorable rally when all that’s left to do
Larry Summers, Paid Monday Morning Quarterback
Larry Summers thinks Jerome Powell might have it all wrong. Well, not all of it.
Bland Orators And Bad Tasseography
On Thursday afternoon, while wailing Afghans and shell-shocked military personnel were bagging up bodies and
For Entertainment Purposes
“Stagflation is the new investment backdrop,” BofA’s Michael Hartnett declared, in the latest edition of
Powell Says Nothing In Anticlimactic Jackson Hole Speech
It could be appropriate for the Fed to begin tapering monthly asset purchases this year,
Polite Nods To The Macro Narrative Du Jour
Personal spending rose 0.3% in July, slightly less than expected, perhaps underscoring the fragility of
Xi To Ban Some Overseas Tech IPOs, Erases Celebrities
Chinese tech shares may have managed to close out another tumultuous week with a gain
Thumper’s Maxim
Sometimes, I don’t know what Jim Bullard is thinking. Back in June, less than 48
Only The Dead
War is hell. On Wednesday, officials from western nations began warning citizens stranded in Afghanistan
No Needles Were Moved
353,000 Americans filed for unemployment benefits last week, slightly higher than the previous week’s upwardly-revised
Chinese Tech Rebound May Be DOA
The nascent rebound in Chinese tech hit a brick wall Thursday. After faltering during the
Let’s Try It And See What Happens
The Bank of Korea showed you can hike rates while virus cases are elevated without
Cost-Benefit Analysis In A Failing Economic System
“This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP
Pain. Or The Avoidance Thereof
Virtually no one that I’m aware of believes the Delta variant or associated weakness in
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