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Featured

Inflation Week!

November 8, 2026November 8, 2026
  • 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

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

Inflation Fatalism Has Set In

November 6, 2026November 8, 2026
  • 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

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

Tech Got No Love This Earnings Season

November 3, 2026November 8, 2026

‘It’s A Celebration!’ S&P Makes History (Again)

January 22, 2018January 22, 2018

“Enjoy yourself.” 

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8 Comments on ‘It’s A Celebration!’ S&P Makes History (Again)

Pershing Square Capital Slashes Headcount By 18% So Bill Ackman Can Get Back To Basics

January 22, 2018January 22, 2018

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Storm The Castle.

January 22, 2018

Grab a pitchfork.

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3 Comments on Storm The Castle.

Thankfully, Mitch McConnell And Donald Trump Are Two Guys You Can Definitely Trust…

January 22, 2018

“Let’s hope the realpolitik guys are right here, and that this isn’t the fuckup it looks like at the moment.”

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5 Comments on Thankfully, Mitch McConnell And Donald Trump Are Two Guys You Can Definitely Trust…

Nassim Taleb Takes Break From Stone Lifting To Explain How Bitcoin Frees Humanity From ‘An Orwellian Future’

January 22, 2018January 22, 2018

Speaking of “stable geniuses”… 

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6 Comments on Nassim Taleb Takes Break From Stone Lifting To Explain How Bitcoin Frees Humanity From ‘An Orwellian Future’

Trader: ‘The Next Great Crisis Will Be Caused By This’

January 22, 2018January 22, 2018

“The next great crisis will be caused by Central Bankers not realizing that all this monetary fuel they have pumped into the system has finally ignited, and like a bonfire that gets out of control, they have no way of extinguishing it.”

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2 Comments on Trader: ‘The Next Great Crisis Will Be Caused By This’

Bitcoin, Cryptos Dive As Nordea Bans Trading In ‘Absurd, Joke’ Assets

January 22, 2018January 22, 2018

Well, cryptos are crashing – again.

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Is This Time Different? The Shutdown, The Honey Badger Market, And Everyday Americans

January 22, 2018January 22, 2018

But you know, it’s like Lincoln said, this is government “of the people, by the people, and fuck the people.”

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7 Comments on Is This Time Different? The Shutdown, The Honey Badger Market, And Everyday Americans

Here’s Why One Analyst Thinks U.S. Stocks May Be ‘In For A Nasty Surprise’

January 22, 2018January 22, 2018

“Cash is reality”.

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Buckle Up, We Need You: Full Week Ahead Preview

January 21, 2018January 21, 2018

This should be interesting.

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3 Comments on Buckle Up, We Need You: Full Week Ahead Preview

If You Were Japanese, Would You Go On A Spending Spree To Celebrate Your Massive Bitcoin And Equity Gains?

January 21, 2018

…what we wanted to point out are the multiple layers of irony here.

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1 Comment on If You Were Japanese, Would You Go On A Spending Spree To Celebrate Your Massive Bitcoin And Equity Gains?

Uber Bull ‘Steve’ Still Loves Stocks But Thinks Maybe Bitcoin Is ‘Pets. com’

January 21, 2018January 21, 2018

When you lose Steve…

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3 Comments on Uber Bull ‘Steve’ Still Loves Stocks But Thinks Maybe Bitcoin Is ‘Pets. com’

The Fate Of King Dollar In Global Reserves

January 21, 2018January 21, 2018

So yeah, people are talking about reserve diversification. 

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2 Comments on The Fate Of King Dollar In Global Reserves

Schumer Calls Trump Lump Of ‘Jell-O’, White House Says Trump Is ‘Real-Life Superman’

January 21, 2018January 21, 2018

Superman or gelatinous dessert? You decide.

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1 Comment on Schumer Calls Trump Lump Of ‘Jell-O’, White House Says Trump Is ‘Real-Life Superman’

Saudi Arabia Would Be Fine With It If Everyone Decided To Keep ‘Cooperating’ To Drive Up Oil Prices Past 2018

January 21, 2018January 21, 2018

Well speaking of OPEC…

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oil, OPEC7 Comments on Saudi Arabia Would Be Fine With It If Everyone Decided To Keep ‘Cooperating’ To Drive Up Oil Prices Past 2018

Mick Mulvaney Never Knew How ‘Cool’ His Job Was Until He Found Out He’s In Charge Of Government Shutdowns

January 20, 2018January 21, 2018

“Yeah, I mean…here’s how I explained it to people. I explained it this — obviously, I’m — the reason that, obviously, I’m heavily involved in this, Sean”…

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3 Comments on Mick Mulvaney Never Knew How ‘Cool’ His Job Was Until He Found Out He’s In Charge Of Government Shutdowns

Reinforcing The ‘Noisy Status Quo’

January 20, 2018January 20, 2018

To the extent the most recent drama is just the latest in a series of “predictable” political shocks, it reinforces what one might call the “noisy status quo” which is part and parcel of the market’s inability to form a consensus.

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1 Comment on Reinforcing The ‘Noisy Status Quo’

‘He Has To Be Fired’: Donald Trump Explains Why Donald Trump Is To Blame For Shutdown

January 20, 2018

“You know the interesting thing is that in 25 years or 50 years, when they talk about the government shutdown, they’re gonna be talking about who was the President at that time.”

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5 Comments on ‘He Has To Be Fired’: Donald Trump Explains Why Donald Trump Is To Blame For Shutdown

Here’s What Wall Street Thinks About The Government Shutdown

January 20, 2018January 20, 2018

The government isn’t working.

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10 Comments on Here’s What Wall Street Thinks About The Government Shutdown

With Stocks The Most Overbought In History, Goldman Warns: ‘Risks To EPS Tax Tailwind Are Two Sided’

January 19, 2018January 19, 2018

If, on the other hand, you’re just buying on the assumption that there will be a greater fool willing to buy even higher, well then carry on because that seems to be a “fool”proof strategy – pun fully intended.

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1 Comment on With Stocks The Most Overbought In History, Goldman Warns: ‘Risks To EPS Tax Tailwind Are Two Sided’

White House Counsel Don McGahn May Not Be Lovin’ His Life Choices These Days

January 19, 2018

“Don McGahn better hope like hell that Republicans hold onto the House and Senate, or”…

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3 Comments on White House Counsel Don McGahn May Not Be Lovin’ His Life Choices These Days

Kanye Shrug.

January 19, 2018January 19, 2018

And that’s the week.

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oil9 Comments on Kanye Shrug.

After Being On The Right Side Of Dead Ass Wrong, Tom Lee Now Says Bitcoin Heading For $125,000

January 19, 2018January 19, 2018

Let’s say you’re an analyst….

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3 Comments on After Being On The Right Side Of Dead Ass Wrong, Tom Lee Now Says Bitcoin Heading For $125,000

Crispin Odey Not To Blame For Losing Investors Two-Thirds Of Their Money

January 19, 2018January 19, 2018

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2013 Trump Reminds 2018 Trump That Shutdown Is No Big Deal

January 19, 2018January 19, 2018

Just what the doctor ordered.

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Rumblings In The East: WSJ Says BoJ Thinking About ‘Massaging’ You

January 19, 2018

Needless to say, that’s likely to fan the flames in terms of speculation about whether the predictably “boring” BoJ is about to get more exciting and thereby become a source of uncertainty for markets. 

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U.S. Oil Output Set To Overtake Saudi Arabia As Prices Rise Amid ‘Rare Threesome’

January 19, 2018January 19, 2018

“…and rivaling Russia.”

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oil, OPEC1 Comment on U.S. Oil Output Set To Overtake Saudi Arabia As Prices Rise Amid ‘Rare Threesome’

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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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