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Featured

Someone’s Got Work For You

November 3, 2026November 3, 2026
  • Tech Got No Love This Earnings Season

    November 3, 2026November 3, 2026
  • Have The Hyper-Scalers Lost Their Minds?

    November 2, 2026November 2, 2026
  • Apple Sets A Bunch Of Records. Misses In China

    November 2, 2026November 2, 2026

Markets

Sell-Side Sarcasm: New And Improved!

November 2, 2026November 3, 2026
  • Weekly: The Leveraged Buildout (Speculative Gravity Control)

    October 31, 2026November 2, 2026
  • The Problem, In A Nutshell…

    October 30, 2026November 2, 2026
  • What’s What And WTF?

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

    October 30, 2026November 1, 2026

economy

Debbie Downers Amid The Renaissance

November 2, 2026November 3, 2026
  • Polls, Projectiles And Payrolls

    November 1, 2026November 2, 2026
  • ‘Remains Elevated’

    October 29, 2026October 30, 2026
  • Boom!

    October 29, 2026October 30, 2026
  • Dissembling Strategery

    October 28, 2026October 29, 2026

Geopolitics

Let’s Talk Blue Waves

November 1, 2026November 2, 2026

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

The Tragic Irony Of The Israeli State

October 28, 2026October 29, 2026

Duly Noted

An ARM And A Leg

October 28, 2026October 30, 2026

Not Since 1969…

October 22, 2026October 24, 2026

New Week Starts With More Dour Data As South Korea Exports Plunge Again

October 20, 2019November 30, 2019

As expected, sadly.

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Deutsche’s Kocic On 2020 Election: ‘Diametrically Opposite Views’ Will ‘Revive Uncertainty’ Around Long-Term Fed Policy

October 20, 2019November 27, 2021

“Not only are the non-centrists shaping the narratives, but their proponents are the main contestants”.

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1 Comment on Deutsche’s Kocic On 2020 Election: ‘Diametrically Opposite Views’ Will ‘Revive Uncertainty’ Around Long-Term Fed Policy

Mike Pompeo Crashes And Burns Under Questioning By George Stephanopoulos

October 20, 2019October 20, 2019

“It’s not a hypothetical”.

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1 Comment on Mike Pompeo Crashes And Burns Under Questioning By George Stephanopoulos

Mick Mulvaney Explains Trump’s Doral Delusion: ‘He Considers Himself To Still Be In The Hospitality Business’

October 20, 2019October 20, 2019

“He wanted to put on a show”.

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6 Comments on Mick Mulvaney Explains Trump’s Doral Delusion: ‘He Considers Himself To Still Be In The Hospitality Business’

Beyond The Turkey-Kurd ‘Ceasefire’: Trump’s Laissez-Faire Mideast Policy Is A Scam

October 20, 2019October 20, 2019

There are no easy answers.

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2 Comments on Beyond The Turkey-Kurd ‘Ceasefire’: Trump’s Laissez-Faire Mideast Policy Is A Scam

Wife Of US Spec Ops Soldier Pens Letter To Kurdish Soldiers

October 20, 2019October 20, 2019

“My children play soccer in their Kurdistan jerseys.”

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2 Comments on Wife Of US Spec Ops Soldier Pens Letter To Kurdish Soldiers

Boris Johnson Asks EU For Brexit Extension. Then Tells Brussels Not To Grant It

October 19, 2019October 20, 2019

“I would have preferred a different result today”.

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1 Comment on Boris Johnson Asks EU For Brexit Extension. Then Tells Brussels Not To Grant It

Howard Marks, Negative Rates And The Permanent State Of Exception

October 19, 2019October 20, 2019

Then, he realized that was precisely the point.

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3 Comments on Howard Marks, Negative Rates And The Permanent State Of Exception

‘Higher Bond Yields Without Better Growth Can Quickly Become Self-Defeating’, Goldman Warns

October 19, 2019October 20, 2019

It’s still too early for a sustained rotation within and across assets.

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4 Comments on ‘Higher Bond Yields Without Better Growth Can Quickly Become Self-Defeating’, Goldman Warns

‘Incredible Hulk’ Boris Johnson Fails To Pass Brexit Deal In Extraordinary Saturday Sitting

October 19, 2019October 20, 2019

“The madder Hulk gets, the stronger Hulk gets”.

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Hillary Clinton E-Mail Farce Breathes Its Last Breath. Then Dies With A Whimper

October 19, 2019October 20, 2019

“…by and large, ‘the individuals interviewed were aware of security policies and did their best to implement them in their operations”.

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3 Comments on Hillary Clinton E-Mail Farce Breathes Its Last Breath. Then Dies With A Whimper

George Kent To Congress: Giuliani Wanted Visa For Viktor Shokin, I Raised Concerns On Hunter Biden In 2015

October 18, 2019October 20, 2019

Another official weighs in on Rudy Giuliani’s shadow diplomacy and Hunter Biden’s bad optics

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Giuliani Tapped Network Of Ukrainian Oligarch Firtash For Biden Dirt

October 18, 2019October 20, 2019

Firtash added diGenova and Toensing to his legal team in July.

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1 Comment on Giuliani Tapped Network Of Ukrainian Oligarch Firtash For Biden Dirt

Fear Of Global Recession Highest, Most Consensus Ever In New BofA Survey

October 18, 2019October 20, 2019

As far as what the most bullish catalyst for risk assets would be, it’s not even close.

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Mike Pence To Deliver Long-Threatened China Speech Next Week. That’s Bad News

October 18, 2019October 20, 2019

Here comes the “Pence doctrine”.

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2 Comments on Mike Pence To Deliver Long-Threatened China Speech Next Week. That’s Bad News

Trump Phones Turkish ‘Devil’ Erdogan Again, Talks Up ‘Ultimate Solution’ To Border Battle

October 18, 2019

“Likewise, the Kurds want it”…

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Vice Chair Clarida Delivers Friday Snoozer As Fed Looks To Coast Into October Rate Cut

October 18, 2019

Don’t tell Esther George, though.

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1 Comment on Vice Chair Clarida Delivers Friday Snoozer As Fed Looks To Coast Into October Rate Cut

‘Amigo’ Rick Perry To Fox: There Was No Crime ‘In The Sense Of How Those Folks Would Like For It To Be’

October 18, 2019October 18, 2019

“Straight up how?”

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Goldman: CEO Confidence Has ‘Plunged’, Buybacks And M&A Spending Have ‘Collapsed’

October 18, 2019

You can thank record levels of uncertainty.

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Mattis Torches Trump: ‘I Earned My Spurs On The Battlefield, He Earned His In A Letter To A Doctor’

October 18, 2019October 18, 2019

“The only person in the military Trump doesn’t think is overrated is Colonel Sanders”.

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5 Comments on Mattis Torches Trump: ‘I Earned My Spurs On The Battlefield, He Earned His In A Letter To A Doctor’

‘We Got Everything We Wanted’: Turkish Assets Revel In Erdogan’s Easy Win Over America’s Pushover President

October 18, 2019October 18, 2019

Meanwhile, SANA said a Turkish airstrike hit a village in Ras Al-Ain

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China’s Economy Decelerates Further As Growth Slows To 6%, Lowest In Decades

October 17, 2019October 18, 2019

As expected, the engine of global growth and trade continues to decelerate.

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Trump-ster Fire: ‘Amigo’ Rick Perry Out, Mick Mulvaney Swears He Didn’t Say What He Said

October 17, 2019

“Get over it”.

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3 Comments on Trump-ster Fire: ‘Amigo’ Rick Perry Out, Mick Mulvaney Swears He Didn’t Say What He Said

Donald Trump Explicitly Endorses Ethnic Cleansing On Camera

October 17, 2019

“When those guns start shooting they tend to do things”.

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2 Comments on Donald Trump Explicitly Endorses Ethnic Cleansing On Camera

‘That’s Why We Held Up The Money’: Did Mick Mulvaney Just Accidentally Impeach Trump?

October 17, 2019October 17, 2019

It was the first time an administration official has publicly admitted to a quid pro quo.

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6 Comments on ‘That’s Why We Held Up The Money’: Did Mick Mulvaney Just Accidentally Impeach Trump?

Mike Pence Completes America’s Betrayal Of Kurds, Strikes Devil’s Bargain With Erdogan

October 17, 2019October 17, 2019

You’d be forgiven for asking how this doesn’t constitute a complete and total win for Erdogan.

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2 Comments on Mike Pence Completes America’s Betrayal Of Kurds, Strikes Devil’s Bargain With Erdogan

Gordon Sondland In Statement Says Everyone ‘Disappointed’ Trump Handed Ukraine Policy To Giuliani

October 17, 2019

“We were also disappointed by the President’s direction that we involve Mr. Giuliani”.

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2 Comments on Gordon Sondland In Statement Says Everyone ‘Disappointed’ Trump Handed Ukraine Policy To Giuliani

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Monthly Letter

  • The Arbitrageur

Recent Comments

  • WMD on Apple Sets A Bunch Of Records. Misses In China
  • hackpoet on Have The Hyper-Scalers Lost Their Minds?
  • therealheisenberg on Have The Hyper-Scalers Lost Their Minds?
  • ebogan13 on Someone’s Got Work For You

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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