Is The Flaming Marshmallow Housing Market Starting To Cool?
Last month, I called the US housing market a “giant flaming marshmallow.” Pandemic dynamics (e.g.,
Main Street Malaise Ongoing As Jobless Claims Jump
For the second consecutive week, jobless claims in the US were higher than expected. 861,000
In Texas: A Debacle
Headlines in the US were still dominated by two words Thursday: “Texas” and “freeze.” In
China Underwhelms After Holiday, While Hong Kong IPO Craze Continues
China got back to business Thursday following the Lunar New Year holiday. Mainland shares were
Introducing 0% Coupon Bitcoin Bonds, By MicroStrategy
I’ve heard some bad ideas in my time. Indeed, I’ve had some bad ideas in
A Varied Mix
“He went by ‘Roaring Kitty’ on YouTube – where cats and kittens are a favorite
Americans Are Making Stuff, Which Is Nice
Generally speaking, Wednesday was a good day for economic data in the US, which leaves
Flaming Hot Retail Sales May Rekindle Overheat Worries
Retail sales in the US were sharply higher in January, closely-watched data out Wednesday showed.
Reddit Didn’t Conquer Silver, But It Did Spook An ETF
Reddit’s excitable gamblers and other retail investors suffering from delusions of grandeur (and I’m uniquely
If Stocks Could Talk
Markets felt cautious Wednesday. If equities were things that could talk, they’d be asking each
Bitcoin At The Center Of Risk-Addicted Markets
Investors are taking higher than normal risks. Maybe you noticed. But, if you couldn’t glean
Imagined Entities
“It’s chaos. It’s crazy,” a gas and power trader told Bloomberg, describing wild price moves
Nobody Is Bearish As Plunging Cash Levels Show Investors All-In
There was quite a bit of taper tantrum talk Tuesday, as US yields hit the
The VIX Is Still Screaming ‘Accident,’ Nomura’s McElligott Cautions
US electricity markets grappling with a vicious deep-freeze aren’t the only places where a supply/demand
Here’s A Balloon Because Empire Prices Hit A Decade High
The market scarcely needed any additional reason to fret over imminent inflation. Or, if you’re
(No) Power To The People
America’s “energy crisis” continued to grab headlines Tuesday, where “crisis” just meant (and forgive me
Is Any Of It Real?
Equities are having a good run. Perhaps you noticed. Thank the now ubiquitous reflation narrative.
Gods Gone Wild: Musk, Putin And Dogecoin
Late last month, when Elon Musk was busy doing the same things he’s doing right
Exceptions
“Texas isn’t well prepared for unusual Arctic weather,” a hilariously understated bullet point from a
What Markets Want (Last Train To Tuckahoe)
Retail sales will be the marquee data point in the US this week. It would
For One Bank, This Is ‘The $3 Trillion Question’
In “Epic, Extreme Analogs’ And Ostensibly Stingy Banks,” I speculated about what might happen in
Bitcoin Nears $50,000 48 Hours After Taleb Calls It A ‘Failure’
Bitcoin looked poised to hit $50,000 on Sunday because… well, to tell you truth, nobody
The Reality Behind Donald Trump’s Second Acquittal
The Senate voted to acquit Donald Trump on Saturday, closing the book on one of
‘Epic, Extreme Analogs’ And Ostensibly Stingy Banks
A dozen years of “money printing” and debt monetization created a lot of things, but
What Virus? Corporate Profits Surpassed Pre-Pandemic Levels In Q4
The pandemic is over according to corporate earnings in the US. Or at least that’s
Fine, But Who Will Make The Pizza?
Now, I’ll write the article I meant to write at noon on Friday. Sometimes, when
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