Battered And Bruised, Bitcoin Ponders IRS, FBI Scrutiny
A new report from Chainalysis shows US-based investors logged more than $4 billion in realized
Rich People Don’t Pay Much In Taxes, A Stunned ProPublica Finds
Earlier this year, in “The Wealth Tax And Our Shared Insanity,” I suggested that anyone
The US Labor Market Is Now A Funhouse Mirror
If you were looking for additional evidence to support the notion that the US labor
Really All You Need To Know
CPI “loomed large,” someone said Tuesday, I’m sure. That’s not an actual quote from anyone
‘Renaissance’
“The labor shortage is holding back growth for small businesses across the country,” NFIB Chief
Deutsche Bank Warns Of ‘Devastating’ Inflation ‘Time Bomb’
Inflation is “The defining macro story of this decade,” Deutsche Bank declared, in a highly
Kolanovic: Stay Positive On Risky Assets, Expect More Inflation Surprises
While some market participants believe the reflation trade may have largely run its course, JPMorgan’s
What Breaks The Market Calm?
Strictly speaking, a market that goes nowhere is a non-story, almost by definition. But if
De-Rating Will Spread To S&P 500, One Bank Says
The de-rating is upon us. That’s one notable takeaway from some of this week’s earliest
Joe Manchin, Professional Spoiler
Sentiment was subdued to start the new week with headlines generally centered on Janet Yellen’s
Waning Enthusiasm Or Just Summer?
Is enthusiasm for one of most spectacular equity rallies in recorded history waning, or is
Keeping Things Interesting
I wouldn’t say the data calendar is “heavy” in the new week, but there’s enough
Torturing History
With brief interludes for the Archegos saga, meme stocks and a crypto collapse, inflation has
In ‘Historic’ Deal, G7 Endorses Sweeping Global Economic Overhaul
Going forward, large, profitable multinationals may have a harder time reducing their tax bills, if
‘Doing Nothing’ In The Face Of A ‘Genuine Outlier’
Thanks to Friday’s post-NFP rally, 10-year yields ended the week near the low-end of the
‘Deliberately Patient’
If you had to choose one quote from Friday’s session that encapsulates the interplay between
Life Of Leisure? More Observations From May’s Jobs Report
Notwithstanding my admittedly (and deliberately) provocative suggestion that workers should question the utility of returning
Maybe Everyone Should Just Go On Strike
May’s disappointing jobs report received better press than I expected, at least based on a
Lukewarm Disappointment
The US economy added 559,000 jobs in May, the BLS said Friday. In a normal
Fed, Fiscal And Fake Money
It was all about “jobs, jobs, jobs” on Friday and what a US payrolls beat
Surgeon General’s Warning
It’s been a decade (at least) since I purchased a pack of cigarettes, but as
Global Food Prices Soar Most Since Arab Spring
Global food prices rose again in May, the UN said Thursday. It was the 12th
Capturing The Zeitgeist
“May data indicated a quicker rise in input costs across the service sector, as supplier
Jobs Data Is Roses As ADP Prints Near 1 Million, Claims Drop
US private employers added 978,000 jobs last month, ADP said Thursday, 24 hours ahead of
News That Matters
AMC continued to monopolize coverage on mainstream financial media portals Thursday despite multiple headlines and
Reddit Sent Me. Now Where’s My Damn Popcorn?
Unfortunately for anyone who’s inexplicably inclined to insist that markets are efficient and/or that the
Income, Religion, Politics: US Vaccine Demand Explained
“US states with older populations, higher incomes, lower religion shares, and higher Democratic vote shares
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