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Featured

Let’s Talk Blue Waves

November 1, 2026November 1, 2026
  • Polls, Projectiles And Payrolls

    November 1, 2026November 1, 2026
  • Weekly: The Leveraged Buildout (Speculative Gravity Control)

    October 31, 2026October 31, 2026
  • The Problem, In A Nutshell…

    October 30, 2026

Markets

What’s What And WTF?

October 30, 2026November 1, 2026
  • Oil, Dammit!

    October 30, 2026November 1, 2026
  • My Goodness: Amazon Spent Some Money

    October 29, 2026October 31, 2026
  • Alphabet Whiffs, Microsoft Hits

    October 28, 2026October 31, 2026
  • Mona Lisa’s Smirk

    October 28, 2026October 29, 2026

economy

‘Remains Elevated’

October 29, 2026October 30, 2026
  • Boom!

    October 29, 2026October 30, 2026
  • Dissembling Strategery

    October 28, 2026October 29, 2026
  • Frozen Bubble

    October 27, 2026October 28, 2026
  • It’s All Relative

    October 27, 2026October 28, 2026

Geopolitics

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

The Tragic Irony Of The Israeli State

October 28, 2026October 29, 2026

Lula!

October 26, 2026October 27, 2026

Duly Noted

An ARM And A Leg

October 28, 2026October 30, 2026

Not Since 1969…

October 22, 2026October 24, 2026

Small And Midsized Businesses Wiped Out In April, Grim ADP Report Shows

May 6, 2020May 6, 2020

“Job losses of this scale are unprecedented.”

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No Evidence. And No, That Is Not A Misprint.

May 6, 2020May 6, 2020

“This matter should be handled by scientists.” Also, “there’s always a first time for everything.”

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6 Comments on No Evidence. And No, That Is Not A Misprint.

‘There’ll Be More Death’: Trump Admits Reopening Economy Will Cost Lives. Traders Get Short On China Worries

May 5, 2020May 5, 2020

“Will some people be affected? Yes. Will some people be affected badly? Yes.”

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8 Comments on ‘There’ll Be More Death’: Trump Admits Reopening Economy Will Cost Lives. Traders Get Short On China Worries

Harley Bassman Asks: ‘Where Is The Folder?’

May 5, 2020

“Forced to consider the latter, let us not make the same mistake with our investments.”

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11 Comments on Harley Bassman Asks: ‘Where Is The Folder?’

‘Circumstantial Evidence’, Bats, And ‘A Civil War In Congress’:

May 5, 2020May 6, 2020

There are a lot of bats there. Also, Stephen Moore is not an economist.

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4 Comments on ‘Circumstantial Evidence’, Bats, And ‘A Civil War In Congress’:

Farmer Sentiment Wipes Out All Trump-Era Gains In Stunning Two-Month Plunge

May 5, 2020May 5, 2020

Domino effect.

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10 Comments on Farmer Sentiment Wipes Out All Trump-Era Gains In Stunning Two-Month Plunge

Quick Look Under Hood Of ISM Services ‘Beat’ Shows This Car Has No Engine

May 5, 2020May 5, 2020

“COVID-19 has halted much of our standard work…”

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Is ECB QE Illegal? Asking For Germany

May 5, 2020

“The Bundesbank may thus no longer participate…”

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Sharpen The Sabres: US-China Tensions Reach Boiling Point As Pompeo Branded ‘Evil Clown’

May 5, 2020May 5, 2020

Bannon, the People’s Daily charged, is a “Cold War living fossil”.

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9 Comments on Sharpen The Sabres: US-China Tensions Reach Boiling Point As Pompeo Branded ‘Evil Clown’

Freight Trains.

May 4, 2020May 5, 2020

Choose wisely.

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6 Comments on Freight Trains.

As US Gears Up To Borrow $3 Trillion In 3 Months, Here’s The Truth On Government Spending

May 4, 2020May 4, 2020

“Today, borrowing is voluntary, at least for countries with sovereign currencies.”

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28 Comments on As US Gears Up To Borrow $3 Trillion In 3 Months, Here’s The Truth On Government Spending

Government Model Predicts Dramatic Rise In COVID-19 Deaths By June 1. White House Says Never Heard Of It

May 4, 2020May 4, 2020

Model? What model?

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5 Comments on Government Model Predicts Dramatic Rise In COVID-19 Deaths By June 1. White House Says Never Heard Of It

‘Trade War 2.0’ And The Empty Optimism Toothpaste Tube

May 4, 2020May 4, 2020

“…potential negative surprises.”

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4 Comments on ‘Trade War 2.0’ And The Empty Optimism Toothpaste Tube

Sell In May? Morgan’s Mike Wilson Says ‘No.’ Here’s Why…

May 4, 2020May 4, 2020

“In an era of sound bites and headlines, it’s easy to forget why one really owns stocks…”

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4 Comments on Sell In May? Morgan’s Mike Wilson Says ‘No.’ Here’s Why…

As Europe Wakes From Nightmare, Recovery To Be ‘Frustratingly Slow’

May 4, 2020May 4, 2020

“… businesses that are able to restart will be running at low capacity, and will be operating in an environment of greatly reduced demand.”

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Leave a Comment on As Europe Wakes From Nightmare, Recovery To Be ‘Frustratingly Slow’

Hong Kong Logs Deepest Economic Slump In History. Shares Have Worst First Day Of Month In 9 Years

May 4, 2020May 4, 2020

“We are deep into recession.”

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2 Comments on Hong Kong Logs Deepest Economic Slump In History. Shares Have Worst First Day Of Month In 9 Years

Bad Moon Rising?

May 3, 2020May 4, 2020

Don’t go ’round tonight…

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10 Comments on Bad Moon Rising?

Pompeo Says ‘Enormous Evidence’ Links COVID-19 To Chinese Lab. Trump Waxes Biblical About ‘Great Plague’

May 3, 2020May 3, 2020

“….And then came a Plague, a great and powerful Plague.”

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9 Comments on Pompeo Says ‘Enormous Evidence’ Links COVID-19 To Chinese Lab. Trump Waxes Biblical About ‘Great Plague’

Goldman: FAAMG Upside Now ‘Just 3%.’ Rest Of Market Has To Step Up

May 3, 2020May 3, 2020

“I’ll have the S&P 500. And waiter, ask the kitchen to hold the oligopoly.”

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7 Comments on Goldman: FAAMG Upside Now ‘Just 37.’ Rest Of Market Has To Step Up

The Fed May Have Already Saved Taxpayers $60 Billion In Averted Boeing Bailout

May 3, 2020May 3, 2020

Critics will be critics, though.

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4 Comments on The Fed May Have Already Saved Taxpayers $60 Billion In Averted Boeing Bailout

Saudi Stocks Plunge Third Most In 11 Years After Finance Minister Warns Of ‘Painful’ Adjustments

May 3, 2020May 3, 2020

“The kingdom hasn’t witnessed a crisis of this severity over the past decades.”

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1 Comment on Saudi Stocks Plunge Third Most In 11 Years After Finance Minister Warns Of ‘Painful’ Adjustments

‘What Am I, Some Kind Of Oracle?’: Local Hedge Fund Manager Loses $50 Billion In Three Months

May 2, 2020May 2, 2020

“Reply hazy, try again later”.

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5 Comments on ‘What Am I, Some Kind Of Oracle?’: Local Hedge Fund Manager Loses $50 Billion In Three Months

Royal Reckoning: Saudi Arabia Faces Daunting Reality After Crude Crash

May 2, 2020May 2, 2020

Nothing says this has to dead end in some kind of dramatic fiscal fiasco, but…

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oil11 Comments on Royal Reckoning: Saudi Arabia Faces Daunting Reality After Crude Crash

America’s Meat Crisis Isn’t ‘Solved.’ It’s Just Getting Started.

May 2, 2020May 2, 2020

“… we feel good about our ability to maintain a broad assortment of meat.”

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13 Comments on America’s Meat Crisis Isn’t ‘Solved.’ It’s Just Getting Started.

Did The Bell Just Ring On The Bear Market Rally?

May 1, 2020May 2, 2020

“…the hows and whys and ifs of what was once a crackpot leftfield are now out there actually being discussed.”

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oil5 Comments on Did The Bell Just Ring On The Bear Market Rally?

China Will Pay For Virus, Kudlow Warns. Swears America Won’t Intentionally Default On ‘Sacrosanct’ Debt

May 1, 2020

“Full faith and credit of the United States’ debt obligation is sacrosanct”.

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4 Comments on China Will Pay For Virus, Kudlow Warns. Swears America Won’t Intentionally Default On ‘Sacrosanct’ Debt

Outright ISM Collapse Masked By Deliveries Anomaly For Second Month

May 1, 2020May 1, 2020

Despite the headline “beat”, it’s awful.

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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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