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Featured

The Capex Catch-22

November 3, 2026November 3, 2026
  • 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

Markets

Apple Sets A Bunch Of Records. Misses In China

November 2, 2026November 3, 2026
  • 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

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

Goldman Posts Dramatic Drop In Investment And Lending Unit Amid Carnage In Equity Book

October 15, 2019October 15, 2019

Call an Uber.

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Hunter Biden Chats With ABC (And America) As Giuliani Scheme Threatens Trump Presidency

October 15, 2019

“I gave a hook to some very unethical people to act in illegal ways to try to do some harm to my father”.

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Dimon Sets The Tone As JPMorgan Beats On NII, FICC In Solid Quarter

October 15, 2019October 15, 2019

Fortresses doing fortress things.

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1 Comment on Dimon Sets The Tone As JPMorgan Beats On NII, FICC In Solid Quarter

Steve Mnuchin Hits Turkey With ‘Very, Very Strong’ Sanctions For Invasion Trump Allowed

October 14, 2019October 15, 2019

Trump, Pence promised, “pressed Erdogan really strongly”.

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9 Comments on Steve Mnuchin Hits Turkey With ‘Very, Very Strong’ Sanctions For Invasion Trump Allowed

Liz Cheney: It’s Not Insane To Blame Democrats For Turkey’s Invasion Of Syria

October 14, 2019

“But I also want to say”…

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6 Comments on Liz Cheney: It’s Not Insane To Blame Democrats For Turkey’s Invasion Of Syria

Trump Floats Steel Tariffs To Punish Turkey For Genocide, Suggests Kurds Ask ‘Napoleon Bonaparte’ For Protection

October 14, 2019October 14, 2019

“I said to my Generals”…

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3 Comments on Trump Floats Steel Tariffs To Punish Turkey For Genocide, Suggests Kurds Ask ‘Napoleon Bonaparte’ For Protection

Matt Gaetz Kicked Out Of Fiona Hill Deposition Because He’s Matt Gaetz

October 14, 2019October 14, 2019

Renowned “clown” expert…

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Fiona Hill, Gordon Sondland Seen Telling Congress The Truth. And That’s Not Good For Trump, Giuliani

October 14, 2019October 14, 2019

“…an egregious abuse of the system”.

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1 Comment on Fiona Hill, Gordon Sondland Seen Telling Congress The Truth. And That’s Not Good For Trump, Giuliani

US Sanctions On Turkey For Syria Incursion Imminent

October 14, 2019October 14, 2019

Sanctions are coming.

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Steve Mnuchin Accidentally Confirms ‘Phase One’ Trade Deal Isn’t Worth The Paper It’s Not Written On

October 14, 2019October 14, 2019

Nothing could go wrong.

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2 Comments on Steve Mnuchin Accidentally Confirms ‘Phase One’ Trade Deal Isn’t Worth The Paper It’s Not Written On

Turkey Stocks In Meltdown Mode As Lira Sinks Amid Sanctions Threat

October 14, 2019October 14, 2019

One tweet away from a panic.

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China Wary Of ‘Phase One’ Trade Deal, Beijing Seeks More Talks ASAP: Reports

October 14, 2019October 14, 2019

Color everyone skeptical.

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‘At The End Of The Day, We Are All Syrians’: Assad Gets Hero’s Welcome As Regime Intervenes To Save Kurds

October 13, 2019October 14, 2019

An American “betrayal” leads to chaos.

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4 Comments on ‘At The End Of The Day, We Are All Syrians’: Assad Gets Hero’s Welcome As Regime Intervenes To Save Kurds

Trump Declares Victory For ‘Patriot Farmers’. Goldman Calls China Deal ‘Fairly Straightforward In Certain Aspects’

October 13, 2019October 13, 2019

“IMMEDIATE” purchases.

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1 Comment on Trump Declares Victory For ‘Patriot Farmers’. Goldman Calls China Deal ‘Fairly Straightforward In Certain Aspects’

$800 Billion In AUM Says It’s Too Late To Save The Global Economy

October 13, 2019October 13, 2019

“…lasting damage has been done and policy action will too little, too late”.

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5 Comments on $800 Billion In AUM Says It’s Too Late To Save The Global Economy

The Macro Tourist Has A New Favorite Chart…

October 13, 2019October 13, 2019

“True financial crises occur when something happens that no one believes can happen”.

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Mnuchin Defends Inaction On ‘Complicated Situation’ In Syria. Congress Asks ‘For God’s Sake, What Are They Waiting For?’

October 13, 2019October 13, 2019

“People are being killed right now”.

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2 Comments on Mnuchin Defends Inaction On ‘Complicated Situation’ In Syria. Congress Asks ‘For God’s Sake, What Are They Waiting For?’

Trump Orders Full Retreat Of 1,000 US Troops In Northern Syria As Turkey Plans Wider Invasion, Esper Tells CBS

October 13, 2019October 13, 2019

“I spoke with the president last night”…

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3 Comments on Trump Orders Full Retreat Of 1,000 US Troops In Northern Syria As Turkey Plans Wider Invasion, Esper Tells CBS

Hunter Biden Releases Statement Through Lawyer Amid Trump Slander

October 13, 2019November 27, 2021

“At no time has any law enforcement agency, either domestic or foreign, alleged that Hunter engaged in wrongdoing”.

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1 Comment on Hunter Biden Releases Statement Through Lawyer Amid Trump Slander

Death Of Hevrin Khalaf Shines Spotlight On Possible War Crimes In Turkey’s Syria Invasion

October 12, 2019October 13, 2019

Now, the world has a face.

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7 Comments on Death Of Hevrin Khalaf Shines Spotlight On Possible War Crimes In Turkey’s Syria Invasion

$400 Billion By Next Summer: Analysts React To ‘QE-Lite’ (Which Isn’t QE)

October 12, 2019October 14, 2019

But a “technical” matter…

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17 Comments on $400 Billion By Next Summer: Analysts React To ‘QE-Lite’ (Which Isn’t QE)

Bill Barr Delivers Bizarre Speech At Notre Dame, Says ‘Militant’ Teachers, Progressives Are Out To Get Jesus

October 12, 2019October 13, 2019

“This is not decay. This is organized destruction”…

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31 Comments on Bill Barr Delivers Bizarre Speech At Notre Dame, Says ‘Militant’ Teachers, Progressives Are Out To Get Jesus

15 Out Of 16: China’s Worst-Ever Car Market Slump Deepens

October 12, 2019October 13, 2019

It’s hard to spin this story.

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Rudy Giuliani Under Investigation By Manhattan Prosecutors In Ukraine Scheme

October 12, 2019November 27, 2021

“See you in Ukraine soon!”

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3 Comments on Rudy Giuliani Under Investigation By Manhattan Prosecutors In Ukraine Scheme

Kevin McAleenan Has Had Enough Of Being An Immigration Villain, Is Done At DHS

October 11, 2019October 13, 2019

“Words matter a lot”.

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3 Comments on Kevin McAleenan Has Had Enough Of Being An Immigration Villain, Is Done At DHS

Trump, Stephen Miller Defeated By ‘Huddled Masses Yearning To Breathe Free’ In Trio Of ‘Public Charge’ Rulings

October 11, 2019October 13, 2019

Score one for “The New Colossus”.

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Syria Debacle Spirals As Turkey Accidentally Shells US Troops, ISIS Fighters Escape, Mnuchin Teases Sanctions

October 11, 2019October 11, 2019

So, yeah, it’s going great. 

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2 Comments on Syria Debacle Spirals As Turkey Accidentally Shells US Troops, ISIS Fighters Escape, Mnuchin Teases Sanctions

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Monthly Letter

  • The Arbitrageur

Recent Comments

  • therealheisenberg on Let’s Talk Blue Waves
  • WMD on Have The Hyper-Scalers Lost Their Minds?
  • WMD on Apple Sets A Bunch Of Records. Misses In China
  • hackpoet on Have The Hyper-Scalers Lost Their Minds?

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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