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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

Cabal Of GOP Businessmen Touted Trump, Giuliani Ties In Perry-Backed Ukraine Gas Scheme

October 6, 2019October 6, 2019

The idea was to install new management who would then channel business to Trump allies.

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3 Comments on Cabal Of GOP Businessmen Touted Trump, Giuliani Ties In Perry-Backed Ukraine Gas Scheme

China, Smelling Blood, Seen Taking Key Concessions Off Table Ahead Of Trade Talks

October 6, 2019October 7, 2019

Patience is a virtue. And China has been patient.

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2 Comments on China, Smelling Blood, Seen Taking Key Concessions Off Table Ahead Of Trade Talks

Traders Eye Accounts Of High-Stakes Fed, ECB Meetings At Pivotal Moment For Global Economy

October 6, 2019November 27, 2021

Minutes to midnight.

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2 Comments on Traders Eye Accounts Of High-Stakes Fed, ECB Meetings At Pivotal Moment For Global Economy

For The Second Sunday In A Row, Jim Jordan Embarrasses Himself, This Time With George Stephanopoulos

October 6, 2019October 6, 2019

“Why can’t you answer yes or no?”

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4 Comments on For The Second Sunday In A Row, Jim Jordan Embarrasses Himself, This Time With George Stephanopoulos

US-China Trade Talks Resume Under Shadow Of Threats, Political Turmoil

October 6, 2019October 6, 2019

The conditions are anything but ideal. 

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1 Comment on US-China Trade Talks Resume Under Shadow Of Threats, Political Turmoil

Second Whistle-Blower Comes Forward, Has ‘First-Hand Knowledge’ Of Alleged Wrongdoing In Ukraine Scandal

October 6, 2019October 6, 2019

“Keep them coming!”

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4 Comments on Second Whistle-Blower Comes Forward, Has ‘First-Hand Knowledge’ Of Alleged Wrongdoing In Ukraine Scandal

Trump Set To Throw Rick Perry Under Bus For Ukraine Call: Report

October 5, 2019November 27, 2021

“More of this will be coming out in the next few days”.

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2 Comments on Trump Set To Throw Rick Perry Under Bus For Ukraine Call: Report

Treasury Under Fire Amid IRS Whistle-Blower Complaint, IG Probe Of Trump Tax Return Request

October 5, 2019October 6, 2019

When it rains, it pours.

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2 Comments on Treasury Under Fire Amid IRS Whistle-Blower Complaint, IG Probe Of Trump Tax Return Request

Are You Ready For The First Y/Y Decline In Corporate Earnings Ex-Energy Since 2009?

October 5, 2019October 6, 2019

You can thank margin pressure and slowing global growth.

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2 Comments on Are You Ready For The First Y/Y Decline In Corporate Earnings Ex-Energy Since 2009?

Trump Moves To Gut National Security Staff Amid ‘Spy’, ‘Treason’ Accusations

October 5, 2019November 27, 2021

If the goal is to limit leaks, it’s too late. 

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Leave a Comment on Trump Moves To Gut National Security Staff Amid ‘Spy’, ‘Treason’ Accusations

‘QE Infinity’, MMT And ‘Public-Private Policy Partnerships’ For A Brave New World

October 5, 2019October 6, 2019

Exploring the future of the monetary-fiscal policy nexus.

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7 Comments on ‘QE Infinity’, MMT And ‘Public-Private Policy Partnerships’ For A Brave New World

Trump May Face Second Formal Whistle-Blower Complaint: Sources

October 5, 2019October 6, 2019

Meanwhile, Mike Pompeo has officially defied a congressional subpoena

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Leave a Comment on Trump May Face Second Formal Whistle-Blower Complaint: Sources

The Macro Tourist Details His ‘Dream ETF Position’

October 4, 2019October 4, 2019

“I can combine my two favorite trades – long steepeners with long inflation breakevens”.

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1 Comment on The Macro Tourist Details His ‘Dream ETF Position’

‘The President Has Chosen A Cover-Up’: White House Subpoenaed By Congress For Ukraine Docs

October 4, 2019October 6, 2019

“We deeply regret that President Trump has put us—and the nation—in this position”.

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Leave a Comment on ‘The President Has Chosen A Cover-Up’: White House Subpoenaed By Congress For Ukraine Docs

There May Be A Subpoena In Mike Pence’s Future…

October 4, 2019October 6, 2019

“This is basic stuff”, Mike. Remember?

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Leave a Comment on There May Be A Subpoena In Mike Pence’s Future…

GOP Senator Johnson Questioned Trump On Ukraine Quid Pro Quo In August: WSJ

October 4, 2019

Hilariously, Johnson learned about the potential problem from Gordon Sondland.

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Leave a Comment on GOP Senator Johnson Questioned Trump On Ukraine Quid Pro Quo In August: WSJ

Peter Navarro, World’s Biggest China Critic, Refuses To Say If Beijing Should Investigate US Citizens

October 4, 2019October 4, 2019

“I’m never disappointed in my president”.

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2 Comments on Peter Navarro, World’s Biggest China Critic, Refuses To Say If Beijing Should Investigate US Citizens

Jerome Powell Delivers Remarks At ‘Not Stuffy’ Fed Event

October 4, 2019

“Candid and serious, yes. But not stuffy”.

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4 Comments on Jerome Powell Delivers Remarks At ‘Not Stuffy’ Fed Event

Trump On Volker, Sondland Text Messages: ‘I Don’t Even Know Most Of These People!’

October 4, 2019October 4, 2019

“I don’t even know their names”.

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2 Comments on Trump On Volker, Sondland Text Messages: ‘I Don’t Even Know Most Of These People!’

Marko Kolanovic, Charlie McElligott See Scope For Market Bounce After Quant Flow-Driven Rout

October 4, 2019November 23, 2019

“In less than 48 hours, many major markets lost ~5%”…

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8 Comments on Marko Kolanovic, Charlie McElligott See Scope For Market Bounce After Quant Flow-Driven Rout

With Public Calls For Foreign Election Interference, Trump Puts Infamous ‘Fifth Avenue’ Murder ‘Joke’ To Test

October 4, 2019October 12, 2019

“What did President Trump promise China in exchange for interfering in our election?”

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2 Comments on With Public Calls For Foreign Election Interference, Trump Puts Infamous ‘Fifth Avenue’ Murder ‘Joke’ To Test

Jobs Report Has Goldilocks Feel, But Offers More Evidence Of Cooling Economy. All Eyes On Fed Implications

October 4, 2019October 4, 2019

The US labor market averted a sharp slowdown in September and revisions added 38k to August’s headline.

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1 Comment on Jobs Report Has Goldilocks Feel, But Offers More Evidence Of Cooling Economy. All Eyes On Fed Implications

Rick Perry Is Taking A ‘Better Late Than Never’ Approach To Getting Off The Titanic

October 4, 2019

“Oops”.

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2 Comments on Rick Perry Is Taking A ‘Better Late Than Never’ Approach To Getting Off The Titanic

Trump Envoys Volker, Sondland Drafted Statement Committing Ukraine To Biden Probe, Yovanovitch Removed At Giuliani’s Urging

October 3, 2019October 4, 2019

“…it’s crazy to withhold security assistance for help with a political campaign”.

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2 Comments on Trump Envoys Volker, Sondland Drafted Statement Committing Ukraine To Biden Probe, Yovanovitch Removed At Giuliani’s Urging

Trump Spoke To China’s Xi About Biden, Warren In June, Promised To Stay Silent On Hong Kong, Call Stored On Secret Server

October 3, 2019October 3, 2019

“This is quite chaotic”.

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3 Comments on Trump Spoke To China’s Xi About Biden, Warren In June, Promised To Stay Silent On Hong Kong, Call Stored On Secret Server

‘The World Witnessed It On Television’: Pelosi Mocks Kevin McCarthy After Trump Asks China To Probe Bidens

October 3, 2019October 3, 2019

“We hope you and other Republicans share our commitment to following the facts”.

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1 Comment on ‘The World Witnessed It On Television’: Pelosi Mocks Kevin McCarthy After Trump Asks China To Probe Bidens

Trump Mocks McCain, ‘Obummer’, Teases State Television During ‘Protecting Medicare from Socialist Destruction’ Event

October 3, 2019

Shenanigans – that’s all this is.

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8 Comments on Trump Mocks McCain, ‘Obummer’, Teases State Television During ‘Protecting Medicare from Socialist Destruction’ Event

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Monthly Letter

  • The Arbitrageur

Recent Comments

  • T-Dog on Debbie Downers Amid The Renaissance
  • derek on Debbie Downers Amid The Renaissance
  • hackpoet on Let’s Talk Blue Waves
  • derek on The Capex Catch-22

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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