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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

Should You Buy The Banks Like, Right Now? Yes! No. I Don’t Know, Maybe!

May 6, 2018May 6, 2018

Clients just want to know when the damn recession is coming, ok?

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Leave a Comment on Should You Buy The Banks Like, Right Now? Yes! No. I Don’t Know, Maybe!

There May Be Someone At The White House With More Contempt For A Colleague Than John Kelly Has For His Boss

May 6, 2018May 6, 2018

If Betsy hates grizzly bears, she probably hates “mad dogs” even more.

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Elon Musk Says Tesla Short Squeeze Will Be Bigger Than VW’s Then Says He Will Become Willy Wonka

May 5, 2018

I don’t know, maybe there’s a strategy here, but if there is, it is not readily discernible. 

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5 Comments on Elon Musk Says Tesla Short Squeeze Will Be Bigger Than VW’s Then Says He Will Become Willy Wonka

‘The Snapback When It Comes Can Be Vicious’: Albert Edwards Thinks Credit ‘Isn’t Getting The Message’ (Yet)

May 5, 2018

“And another straw in the wind may be the performance of a newly issued junk bond of a company called WeWork who have invented an entirely new, nonsense valuation metric – ‘community-based EBITDA’!”

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1 Comment on ‘The Snapback When It Comes Can Be Vicious’: Albert Edwards Thinks Credit ‘Isn’t Getting The Message’ (Yet)

Trump Delivers Insane Speech On Kanye West, Alien Criminals, Savage Gangs, Guns, Blood And ‘Knives, Knives, Knives’

May 5, 2018

“Trump explained that England, which banned guns, is very stabby, and there’s blood all over the floors of the hospitals of Knifecrime Island.”

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It’s ‘Grotesque’! Of Buybacks And Leverage

May 5, 2018May 5, 2018

“…it’s not like you have to dig deep to find a problem.”

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2 Comments on It’s ‘Grotesque’! Of Buybacks And Leverage

‘Don’t Panic’ And The ‘Last Man Standing’

May 5, 2018

Douglas Adams time.

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4 Comments on ‘Don’t Panic’ And The ‘Last Man Standing’

One Trader Ponders The Outlook For Gold

May 4, 2018November 13, 2018

“…what is driving gold more at this point of the cycle? Is it the US dollar, or real yields? Has gold disappointedly not risen as high as the bulls would like given the US dollar weakness? Or has gold not declined nearly as much as the bears would have expected given the run-up in real yields?”

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2 Comments on One Trader Ponders The Outlook For Gold

In The Meantime.

May 4, 2018May 4, 2018

And that’s the week.

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oil1 Comment on In The Meantime.

Elon Musk, Damage Control Expert, Explains Why ‘Boneheads’ Are ‘Absurd’ Then Threatens To Incinerate Shorts With Flamethrower

May 4, 2018

Elon got dat fire y’all – literally.

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Say Hello To My Little Friend! Argentina Goes Full Tony Montana, Has Now Hiked 1275bps In A Week

May 4, 2018May 4, 2018

ARGENTINA CENTRAL BANK RAISES KEY 7-DAY REPO RATE TO 40.00%

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1 Comment on Say Hello To My Little Friend! Argentina Goes Full Tony Montana, Has Now Hiked 1275bps In A Week

Jobs Report: Payrolls, AHE Both Miss, Unemployment Rate Ticks Lower

May 4, 2018May 4, 2018

Oops.

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2 Comments on Jobs Report: Payrolls, AHE Both Miss, Unemployment Rate Ticks Lower

‘I’m Nervous Just Watching’: Emerging Markets On The Brink As Jobs Data, Fed Raise Specter Of Rout

May 4, 2018May 4, 2018

Knife edge for EM.

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‘Continued Hard Work Is Required’: China, U.S. Agree To Disagree At Trade Summit And I’m Not Sure That Counts As ‘Winning’

May 4, 2018May 4, 2018

“…other issues remain relatively big.”

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Leave a Comment on ‘Continued Hard Work Is Required’: China, U.S. Agree To Disagree At Trade Summit And I’m Not Sure That Counts As ‘Winning’

The Tube Man And A Million Dollar Lesson in Credit Risk

May 3, 2018

“It hadn’t been the first time Cliff had been hit, but at a million-dollar payout, this was by far the largest gambling loss that anyone had ever seen experienced on the NYSE Floor for a sports bet at the time.”

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Leave a Comment on The Tube Man And A Million Dollar Lesson in Credit Risk

JPMorgan Poaches Carnegie Mellon’s Top AI Professor In Clearest Sign Yet That Jamie Dimon Will Transfer His Brain To The Cloud And Become Immortal

May 3, 2018

Now we know what Jay-Dimez and Travis Kalanick were talking about in that photo.

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Leave a Comment on JPMorgan Poaches Carnegie Mellon’s Top AI Professor In Clearest Sign Yet That Jamie Dimon Will Transfer His Brain To The Cloud And Become Immortal

Riders On The Storm(y).

May 3, 2018May 3, 2018

Turn on your wipers.

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5 Comments on Riders On The Storm(y).

Oh, Dear God: Feds ‘Monitored’ Michael Cohen’s Phone, Logged Call With White House

May 3, 2018May 3, 2018

“The wires were tapped!”

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2 Comments on Oh, Dear God: Feds ‘Monitored’ Michael Cohen’s Phone, Logged Call With White House

Turkish Assets Collapse As Inflation Spirals Out Of Control – Fed Jitters, Erdogan Insanity Not Helpful Either

May 3, 2018

Now cue Erdogan to explain how the problem is the “interest rate lobby”.

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1 Comment on Turkish Assets Collapse As Inflation Spirals Out Of Control – Fed Jitters, Erdogan Insanity Not Helpful Either

David Stockman Is Not Particularly Amused With Your Inflation Targeting

May 3, 2018

“Is there any evidence that the microscopic variance between 1.9%  and 2.3% inflation on the PCE deflator makes any difference to the performance and prosperity of the main street economy?”

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4 Comments on David Stockman Is Not Particularly Amused With Your Inflation Targeting

Goldman Presents: 3 Reasons To Not Worry And Be Happy

May 3, 2018May 3, 2018

Keep calm and take (some more) risk.

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1 Comment on Goldman Presents: 3 Reasons To Not Worry And Be Happy

‘M-A-R-S’! A Disillusioned Wall Street Picks Up The Pieces After Elon Musk’s ‘Downright Bizarre’, Extraterrestrial Conference Call

May 3, 2018

“Why you doin’ this man? I thought you was my brother, why you askin’ me questions like that?”

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Leave a Comment on ‘M-A-R-S’! A Disillusioned Wall Street Picks Up The Pieces After Elon Musk’s ‘Downright Bizarre’, Extraterrestrial Conference Call

‘We Seem To Have Moved To Talking About A Global Downturn’: Hong Kong Dives, Indonesia In Rout As Fed Jitters Spread

May 3, 2018May 3, 2018

“Who wants to buy stocks in a country where the currency is weakening?”

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1 Comment on ‘We Seem To Have Moved To Talking About A Global Downturn’: Hong Kong Dives, Indonesia In Rout As Fed Jitters Spread

Elon Musk Wants You To Know That Tesla Conference Calls Are ‘Cool’ Kids Only Events – No ‘Boring’ Adults Allowed

May 2, 2018

All that was missing was Wilbur Ross.

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Leave a Comment on Elon Musk Wants You To Know That Tesla Conference Calls Are ‘Cool’ Kids Only Events – No ‘Boring’ Adults Allowed

‘Bonds, Bonds, Everywhere!’

May 2, 2018May 2, 2018

“At what price?”

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2 Comments on ‘Bonds, Bonds, Everywhere!’

‘Encouraging Things’.

May 2, 2018May 2, 2018

Things no one knows about.

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oilLeave a Comment on ‘Encouraging Things’.

Fed Statement: Highlights, Red Line (They’re Going With ‘Close To’)

May 2, 2018May 2, 2018

FED KEEPS RATES UNCHANGED, SAYS INFLATION `MOVED CLOSE’ TO 2%

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4 Comments on Fed Statement: Highlights, Red Line (They’re Going With ‘Close To’)

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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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