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Featured

Rasputin Presiding

November 8, 2026November 8, 2026
  • 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

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

Drunken Monkey Darts

November 6, 2026November 8, 2026
  • ‘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

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

Ray Dalio: College Is For Getting Blackout Drunk With Smart People

June 15, 2018

“Party like crazy”.

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Yields On Argentina’s Infamous Century Bond Hit All-Time High Amid Currency Bloodbath

June 15, 2018

“Rushed and sloppy”.

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1 Comment on Yields On Argentina’s Infamous Century Bond Hit All-Time High Amid Currency Bloodbath

There’s A ‘Big Problem’ In Emerging Market Liquidity And Here It Is…

June 15, 2018

(Back) down the liquidity rabbit hole.

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1 Comment on There’s A ‘Big Problem’ In Emerging Market Liquidity And Here It Is…

Trump Literally Wanders Out Onto White House Lawn To Talk To Fox & Friends, ‘Covfefe’ Ensues

June 15, 2018June 15, 2018

“When Kim speaks, his people stand up at attention, I want my people to do the same.”

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9 Comments on Trump Literally Wanders Out Onto White House Lawn To Talk To Fox & Friends, ‘Covfefe’ Ensues

We’re Gonna Need More Chocolate Cake: Trump Touts ‘Great Friendship’ With Xi In Official China Tariff Announcement

June 15, 2018June 15, 2018

“Great friendship”.

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4 Comments on We’re Gonna Need More Chocolate Cake: Trump Touts ‘Great Friendship’ With Xi In Official China Tariff Announcement

‘Trump Mad, Trump Smash’: It’s Back To April As U.S. Seen Targeting Another $100 Billion Of Chinese Goods In ‘Second Wave’

June 15, 2018June 15, 2018

Because “fuck ’em”, that’s why!

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2 Comments on ‘Trump Mad, Trump Smash’: It’s Back To April As U.S. Seen Targeting Another $100 Billion Of Chinese Goods In ‘Second Wave’

‘Draghi Delivers His Classic’: One Bank’s Take On The ECB And How To Trade It

June 14, 2018

Dovish rabbit out of a hawkish hat.

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1 Comment on ‘Draghi Delivers His Classic’: One Bank’s Take On The ECB And How To Trade It

Trump Approves Tariffs On $50 Billion In Chinese Goods, Escalating Trade War

June 14, 2018June 14, 2018

Now wait for the imminent retaliation from Beijing.

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1 Comment on Trump Approves Tariffs On $50 Billion In Chinese Goods, Escalating Trade War

When Doves Try.

June 14, 2018June 14, 2018

This is what it sounds like.

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Just When Bitcoin Bulls Thought It Couldn’t Possibly Get Any Worse, Steve Bannon Showed Up

June 14, 2018June 14, 2018

“Mr. Bannon won’t reveal very much about his cryptocurrency plans — he worries that the controversy that comes with his name could have a bad impact on projects just getting off the ground.”

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New York Sues Trump, Ivanka, Don Jr, Eric Because It Turns Out Their Charity Was An Illegal Personal ‘Checkbook’ (Allegedly)

June 14, 2018June 14, 2018

“…willful self-dealing transactions, and failure to follow basic fiduciary obligations or to implement even elementary corporate formalities required by law.”

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1 Comment on New York Sues Trump, Ivanka, Don Jr, Eric Because It Turns Out Their Charity Was An Illegal Personal ‘Checkbook’ (Allegedly)

Draghi Sticks Impossible Dismount, Puts Dovish Spin On QE Expiration Date While Simultaneously Adopting Date-Based Rates Guidance

June 14, 2018June 14, 2018

Well, say what you will about the relative merits of Jerome Powell’s “plain English” approach to press conferences, but Mario Draghi just delivered a clinic in how to do this “right.”

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3 Comments on Draghi Sticks Impossible Dismount, Puts Dovish Spin On QE Expiration Date While Simultaneously Adopting Date-Based Rates Guidance

Trump Says 110-Year-Old Parents Of Korean POWs Asked Him To Bring Their Sons Home – Frederick Douglass To Lead Effort

June 14, 2018

“When you can, we’d love our son to be brought back home — you know, the remains.”

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12 Comments on Trump Says 110-Year-Old Parents Of Korean POWs Asked Him To Bring Their Sons Home – Frederick Douglass To Lead Effort

ECB Announces September Taper, Will End QE In December, Rates To Remain On Hold Until Summer 2019

June 14, 2018June 14, 2018

And there it is, folks. At least you’ll get €15 billion/month through December and a commitment to keep rates on hold through next June.

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China Suddenly Not So Trigger-Happy When It Comes To Calling The Fed

June 14, 2018

The prospect of punishing tariffs isn’t helping matters.

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1 Comment on China Suddenly Not So Trigger-Happy When It Comes To Calling The Fed

Here’s What Wall Street Thinks About The Fed’s ‘Hawkish’ Hike

June 13, 2018June 13, 2018

Probably more than you wanted to know, but hey: “more cowbell”, right?

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3 Comments on Here’s What Wall Street Thinks About The Fed’s ‘Hawkish’ Hike

Say It Ain’t So! Sarah Huckabee Sanders Said Planning Exit From Trump Administration

June 13, 2018June 13, 2018

But who will lie to us now?!

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1 Comment on Say It Ain’t So! Sarah Huckabee Sanders Said Planning Exit From Trump Administration

‘Plain English’.

June 13, 2018June 13, 2018

Do you speak it?!

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2 Comments on ‘Plain English’.

‘China Could Be A Little Bit Upset’: Trump Ready To Slap Xi With Tariffs As Soon As Friday

June 13, 2018

“They understand what we are doing.”

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1 Comment on ‘China Could Be A Little Bit Upset’: Trump Ready To Slap Xi With Tariffs As Soon As Friday

Fed Hikes: New Dot Plot, Projections, Red Line, Analysis

June 13, 2018

And without further ado…

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3 Comments on Fed Hikes: New Dot Plot, Projections, Red Line, Analysis

Somebody Is Betting $75 Million On A Bond Rally – Is It You? Fess Up

June 13, 2018

Someone has to be wrong.

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Michael Cohen Said Ready To Cooperate With Feds In Egregious Blow To Trump’s ‘Beleaguered’ Legal Team

June 13, 2018June 13, 2018

WITCH HUNT!

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2 Comments on Michael Cohen Said Ready To Cooperate With Feds In Egregious Blow To Trump’s ‘Beleaguered’ Legal Team

Trader Warns: ‘This Fed Is Not On Your Side’

June 13, 2018November 13, 2018

“The Federal Reserve will hike at least every other meeting until something breaks. Full stop.”

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2 Comments on Trader Warns: ‘This Fed Is Not On Your Side’

‘The Party Is Still Going’: Why One Bank Sees 2,900 For The S&P By Year-End

June 13, 2018

I’m not sure it qualifies as a “bold” call, but it is “a” call.

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1 Comment on ‘The Party Is Still Going’: Why One Bank Sees 2,900 For The S&P By Year-End

Donald Trump Will Always Be An ‘Alpha Dog’ To Morgan Ortagus, No Matter How Many Porn Stars Spank Him

June 13, 2018

Oh, dear lord.

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What Wall Street Expects From The Fed

June 13, 2018

Calibrate your expectations accordingly.

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‘Good, Truth-Loving Soul’ Jeff Gundlach Thinks We’re All On A ‘Suicide Mission’

June 12, 2018June 12, 2018

Throws up hands.

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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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