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Featured

Weekly: Melodrama

November 7, 2026November 7, 2026
  • ‘Dem Fatale’ Crashes The AI Party

    November 6, 2026November 6, 2026
  • Inflation Fatalism Has Set In

    November 6, 2026
  • Drunken Monkey Darts

    November 6, 2026November 6, 2026

Markets

On Wall Street: Crash And F’in’ Burn

November 5, 2026November 7, 2026
  • Did Democrats Just Kill ‘New 60/40’?

    November 5, 2026November 6, 2026
  • Um, Excuse Me, But Your Chips Are Bleeding

    November 5, 2026November 6, 2026
  • Deus Ex Machina?

    November 4, 2026November 5, 2026
  • The Capex Catch-22

    November 3, 2026November 4, 2026

economy

‘Tis The Season! For Temporary Fulfillment Jobs

November 5, 2026November 6, 2026
  • Senseless Iran War Triggers BoE Hike, 5% Inflation Warning

    November 5, 2026November 5, 2026
  • Irrepressible

    November 4, 2026November 5, 2026
  • In Other News: Scorching ‘Job Changer’ Pay Gains, AI Disruption

    November 4, 2026November 5, 2026
  • Someone’s Got Work For You

    November 3, 2026November 4, 2026

Geopolitics

Tsunami

November 4, 2026November 5, 2026

Let’s Talk Blue Waves

November 1, 2026November 2, 2026

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

Duly Noted

US Jobless Claims Chase History

November 5, 2026November 7, 2026

An ARM And A Leg

October 28, 2026October 30, 2026

Gundlach Warns Of Treasury Short Squeeze, Goldman Says Don’t Sweat Curve Inversion

August 19, 2018October 15, 2021

Kings, squids, inversions and squeezes.

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‘Truth Isn’t Truth’: Trump, Giuliani Square Off Against Maggie Haberman, Reality

August 19, 2018August 19, 2018

“Don’t do this, this is going to become a bad meme”. 

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This Is Not A Drill: Jerome Powell Needs To Be Careful In Jackson Hole

August 19, 2018August 19, 2018

Fragile. Handle with care.

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2 Comments on This Is Not A Drill: Jerome Powell Needs To Be Careful In Jackson Hole

Ignore That Bear Market And Focus On These Buybacks

August 18, 2018August 18, 2018

“Tall order”.

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1 Comment on Ignore That Bear Market And Focus On These Buybacks

Oops: White House Counsel Don McGahn ‘Cooperated Extensively’ With Robert Mueller In Obstruction Probe

August 18, 2018October 15, 2021

“They were snookered”.

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1 Comment on Oops: White House Counsel Don McGahn ‘Cooperated Extensively’ With Robert Mueller In Obstruction Probe

Credit Suisse Thinks You Shouldn’t Panic – Unless Trump Goes Ahead With Car Tariffs

August 18, 2018August 18, 2018

Signal versus noise.

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Let’s Talk Farmers, Propaganda, Deere And Denmark

August 18, 2018August 18, 2018

“…they’re selling the coin, or the, the corn.”

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Trump’s Plan To Do Away With Quarterly Earnings Reports Is A Terrible Idea – Surely You Know That

August 17, 2018August 18, 2018

“Abolishing quarterly reporting is a ridiculous idea.”

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2 Comments on Trump’s Plan To Do Away With Quarterly Earnings Reports Is A Terrible Idea – Surely You Know That

Of VaR Shocks And ‘Sucking Sounds’

August 17, 2018August 17, 2018

That “sucks.”

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There’s Only One Kind Of Umbrella For This Perfect Storm

August 17, 2018October 16, 2021

It’s raining, it’s pouring…

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Turkey Was Ready To Release Pastor Brunson Last Week And Then…

August 17, 2018August 17, 2018

“We told them that at least we have to see some goodwill.”

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1 Comment on Turkey Was Ready To Release Pastor Brunson Last Week And Then…

You Can’t Fix Stupid: U.S. Treasury Will ‘Pressure’ China To Strengthen The Yuan

August 17, 2018October 15, 2021

Trying to process the kind of narcissistic delirium that’s behind this “strategy” is quite challenging.

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7 Comments on You Can’t Fix Stupid: U.S. Treasury Will ‘Pressure’ China To Strengthen The Yuan

Trump Dubs Andrew Brunson ‘Patriot Hostage’, Says U.S. Won’t Pay A Dime For Him

August 16, 2018August 17, 2018

If you’re Andrew Brunson, I’m not sure what’s more disconcerting…

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4 Comments on Trump Dubs Andrew Brunson ‘Patriot Hostage’, Says U.S. Won’t Pay A Dime For Him

Trump’s Military Parade To Cost Ten Times More Than Lowest Initial Estimate, Will Include 70-Ton Tanks

August 16, 2018October 16, 2021

The good news is…

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7 Comments on Trump’s Military Parade To Cost Ten Times More Than Lowest Initial Estimate, Will Include 70-Ton Tanks

Trader: The Question Is When Does The Fed Blink?

August 16, 2018November 13, 2018

“My guess is that it is later rather than sooner, but we are definitely getting closer with days like today.”

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1 Comment on Trader: The Question Is When Does The Fed Blink?

Mnuchin Set To Slap Turkey With New Sanctions As Erdogan ‘Turns Out Not To Be A Great Friend’ 😡

August 16, 2018August 16, 2018

Just when you thought it was safe to jump back into the lira.

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Let’s Play Dollar Bingo With Larry Kudlow – Who Had ‘Cherished’?

August 16, 2018August 16, 2018

None of this makes any sense. Not a bit of it. It’s a self-referential nightmare.

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‘Let’s Face It, Everybody Knew This Was Coming’: Albert Edwards Weighs In On Emerging Market Crisis

August 16, 2018October 16, 2021

“But in the frantic QE-inspired hunt for yield, nobody cared.”

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Volatility In Turkish Stocks Surges To Highest Since Coup As ‘The Dude’ Dumps $120 Million

August 16, 2018August 16, 2018

Anyone for falling knives?

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Hello, Yuan Bears? China Will Be Squeezing You Now. Have A Nice Day.

August 16, 2018August 16, 2018

“…the three channels of downward pressure on the RMB are now restricted.”

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Progress? China Says It’s Sending Delegation To U.S. This Month To Talk Trade

August 15, 2018

“The Chinese side reiterates that it opposes unilateralism and trade protectionism and does not accept any unilateral trade restrictions.” 

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Rudy Giuliani Says Trump Ready To Fight Possible Mueller Subpoena All The Way To The Supreme Court

August 15, 2018October 15, 2021

“We would move to quash the subpoena.”

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1 Comment on Rudy Giuliani Says Trump Ready To Fight Possible Mueller Subpoena All The Way To The Supreme Court

So Much For ‘Just Trolling People’: Trump Revokes John Brennan’s Security Clearance

August 15, 2018October 15, 2021

Now tell us, Paul Ryan, do you still think he was “just trolling people”?

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Turkey Gets $15 Billion Bailout Promise From Qatar: Here’s What It Means

August 15, 2018August 15, 2018

A durable alliance.

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Blood In The Water: Here’s Why The Emerging Market Rout Is Dangerous

August 15, 2018August 15, 2018

Wednesday is a disconcerting day for emerging markets. 

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‘Mr. Trump Is Part Of This’: Safe Manufacturer Closes Last Two U.S. Plants, Moves To Mexico

August 15, 2018August 16, 2018

So much winning.

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Tencent’s Hard Landing Is Stark Reminder Of Tech’s Fallibility

August 15, 2018October 16, 2021

It’s time to quote Howard Marks again…

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Monthly Letter

  • The Arbitrageur

Recent Comments

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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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