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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

Trump Not Yet Facing Enough Political Pressure To Strike Trade Deal With China, Goldman Says

September 22, 2019September 23, 2019

The trade war is unpopular, but…

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‘It’s Troubling When The Unthinkable Becomes Routine’: BIS Warns Monetary Policy ‘Needs A Helping Hand’

September 22, 2019

“Markets oscillated. Trade tensions pushed them down; monetary policy propelled them up.”

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China’s Cancelation Of Montana Farm Tour Had ‘Nothing To Do With Trade Talks’: Report

September 22, 2019September 22, 2019

Good news, apparently.

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Jake Tapper Corners Steve Mnuchin On Ukraine Call: ‘So It’s Ok For Trump’s Kids’ But Not For Biden’s?

September 22, 2019September 28, 2019

“I don’t understand.”

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1 Comment on Jake Tapper Corners Steve Mnuchin On Ukraine Call: ‘So It’s Ok For Trump’s Kids’ But Not For Biden’s?

Trump Says Could ‘Do Things’ To Jerome Powell, ‘Not Too Many’ Other ‘Boneheads’ Have Jobs

September 22, 2019September 22, 2019

“So, at least one?”

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2 Comments on Trump Says Could ‘Do Things’ To Jerome Powell, ‘Not Too Many’ Other ‘Boneheads’ Have Jobs

Trump, Yelling: Ukraine Call Was ‘Perfect’, ‘Absolutely A 10’, ‘Not Trying To Hurt Biden, Family’

September 22, 2019September 28, 2019

“Just so you understand”…

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1 Comment on Trump, Yelling: Ukraine Call Was ‘Perfect’, ‘Absolutely A 10’, ‘Not Trying To Hurt Biden, Family’

AOC Blasts Democrats For Not Impeaching Lawless Trump

September 22, 2019September 22, 2019

“At this point”…

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1 Comment on AOC Blasts Democrats For Not Impeaching Lawless Trump

‘This Is The First Major Shakeup’: Elizabeth Warren Overtakes Joe Biden In Iowa

September 22, 2019November 2, 2019

Here are the details.

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8 Comments on ‘This Is The First Major Shakeup’: Elizabeth Warren Overtakes Joe Biden In Iowa

Asset Prices Say US ‘Less Than A Month’ Away From The End Of Cycle, Model Shows

September 21, 2019September 22, 2019

The end is nigh for the US, according to one bank.

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6 Comments on Asset Prices Say US ‘Less Than A Month’ Away From The End Of Cycle, Model Shows

Trump Races To Milk India For Nut, Dairy Concessions In Quest For Trade Deal With ‘Howdy Modi’

September 21, 2019September 22, 2019

Another “limited” agreement, apparently.

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Trump Lashes Out In Ukraine-Biden-Whistle-Blower Scandal, As Allegations Fly

September 21, 2019September 28, 2019

“They’re terrible people”.

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1 Comment on Trump Lashes Out In Ukraine-Biden-Whistle-Blower Scandal, As Allegations Fly

‘A Whatever It Takes Signal’: Fed’s ‘Big Bazooka Of Liquidity’, Sets Up ‘QE-Lite’ In October

September 21, 2019September 22, 2019

After a remarkable week, all eyes turn to October.

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8 Comments on ‘A Whatever It Takes Signal’: Fed’s ‘Big Bazooka Of Liquidity’, Sets Up ‘QE-Lite’ In October

US To Deploy Troops To Saudi Arabia In Response To Attacks, Esper, Dunford Announce

September 20, 2019September 22, 2019

“Defensive in nature”.

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8 Comments on US To Deploy Troops To Saudi Arabia In Response To Attacks, Esper, Dunford Announce

Trump Told Ukraine President To Investigate Hunter Biden Eight Times During July Call: Report

September 20, 2019September 21, 2019

“He told him that he should work with Giuliani”.

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2 Comments on Trump Told Ukraine President To Investigate Hunter Biden Eight Times During July Call: Report

Chinese Officials Decide They Don’t Need Montana Tour, Would Rather Just Go Back Home

September 20, 2019September 20, 2019

Something is amiss, apparently.

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7 Comments on Chinese Officials Decide They Don’t Need Montana Tour, Would Rather Just Go Back Home

Fed Admits Return Of Funding Stress Likely, Announces More Repos, Term Ops

September 20, 2019September 20, 2019

The Fed appears to be waking up to the reality of the situation.

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9 Comments on Fed Admits Return Of Funding Stress Likely, Announces More Repos, Term Ops

Trump Sanctions Iran Central Bank, SWF, Cuts Off ‘All Source Of Funds’ For Country

September 20, 2019September 20, 2019

“This is very big”.

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4 Comments on Trump Sanctions Iran Central Bank, SWF, Cuts Off ‘All Source Of Funds’ For Country

Germany’s Sacred ‘Black Zero’ Survives Climate Plan, As Fiscal Stimulus Hopes Still Remote

September 20, 2019September 20, 2019

Maybe an outright, broad-based downturn would be more compelling.

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5 Comments on Germany’s Sacred ‘Black Zero’ Survives Climate Plan, As Fiscal Stimulus Hopes Still Remote

India Unleashes ‘Big Bang’ Corporate Tax Cut, Triggering Massive Stock Rally

September 20, 2019September 20, 2019

“A bold move”.

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Eric Rosengren: Rate Cuts Risk ‘Further Inflating The Prices Of Risky Assets’

September 20, 2019

“Lowering rates to address uncertainty is not costless”.

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‘Moreover, The Yield Curve Is Inverted’: Jim Bullard Explains Why He Wanted A Big League Rate Cut

September 20, 2019

“The following considerations factored into my decision”.

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2 Comments on ‘Moreover, The Yield Curve Is Inverted’: Jim Bullard Explains Why He Wanted A Big League Rate Cut

China Cuts One-Year Loan Prime Rate, But Holds Fire On Repo Rates

September 19, 2019September 19, 2019

Curb your enthusiasm.

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Fed Risks Stop Outs, ‘Disorderly Unwinds’ In Slow Response To Funding Squeeze, One Bank Warns

September 19, 2019September 19, 2019

Some analysts and market participants are not amused.

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3 Comments on Fed Risks Stop Outs, ‘Disorderly Unwinds’ In Slow Response To Funding Squeeze, One Bank Warns

Trump Whistle-Blower Complaint Tied To Ukraine, ‘Goes Beyond’ One ‘Promise’

September 19, 2019September 28, 2019

Apparently, somebody thinks we do, in fact, have a “problem”.

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8 Comments on Trump Whistle-Blower Complaint Tied To Ukraine, ‘Goes Beyond’ One ‘Promise’

Xi’s Media Man, Trump’s China Muse Frustrate Markets With Aggressive Trade Banter

September 19, 2019September 20, 2019

“The tariffs could go to 50% or 100%”.

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Elizabeth Warren: Almost Nobody Trusts Our Government, But I Can Fix It

September 19, 2019September 19, 2019

“Make no mistake about it: The Trump Administration is the most corrupt administration of our lifetimes”.

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6 Comments on Elizabeth Warren: Almost Nobody Trusts Our Government, But I Can Fix It

Fate Of The Universe Now Hinges On Germany, $683 Billion In AUM Says

September 19, 2019September 19, 2019

Loosen the damn purse strings.

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3 Comments on Fate Of The Universe Now Hinges On Germany, $683 Billion In AUM Says

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Monthly Letter

  • The Arbitrageur

Recent Comments

  • SeaTurtle on The Capex Catch-22
  • Wave Dash on Someone’s Got Work For You
  • T-Dog on The Capex Catch-22
  • T-Dog on Debbie Downers Amid The Renaissance

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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