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Featured

Jensen Got Honey-Trapped

November 8, 2026November 8, 2026
  • Rasputin Presiding

    November 8, 2026November 8, 2026
  • Inflation Week!

    November 8, 2026November 8, 2026
  • Weekly: Melodrama

    November 7, 2026November 7, 2026

Markets

‘Dem Fatale’ Crashes The AI Party

November 6, 2026November 8, 2026
  • 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

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

‘We All Miss Him’: FBI Releases Internal Memos From Week Of Comey Firing

January 10, 2018

“We will get through this together.”

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‘If Someone Powerful Wanted To Push The VIX Up’: Is This Why China Is ‘Halting’ U.S. Treasury Purchases?

January 10, 2018

“…if a powerful party wants to roil the equity market, and push the VIX up, one of the best routes is via Treasury bond vol.”

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1 Comment on ‘If Someone Powerful Wanted To Push The VIX Up’: Is This Why China Is ‘Halting’ U.S. Treasury Purchases?

Trader: There Are Better Places To Sell

January 10, 2018

“I don’t know if they are trying to show Trump who is boss ahead of trade talks, or if there is some other game theory tactic at work. Either way, be careful assuming this is some market shift China announced ahead of time out of the goodness of their hearts.”

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1 Comment on Trader: There Are Better Places To Sell

Election 2020: Predictions For Trump Vs. Oprah, Jesus, And The Virgin Mary

January 10, 2018

Let’s take some time out for a little Wednesday levity, shall we?

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2 Comments on Election 2020: Predictions For Trump Vs. Oprah, Jesus, And The Virgin Mary

This Is What ‘Max Central Bank Predictability’ Looks Like

January 10, 2018

Needless to say, breaking with this precedent of predictability – i.e. becoming less transparent – carries enormous risks. 

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1 Comment on This Is What ‘Max Central Bank Predictability’ Looks Like

‘Fly Lice’: China Orders Shutdown Of Bitcoin Mining Operations

January 10, 2018

“Bitcoin can’t catch a break in China.”

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Warren Buffett: ‘I Would Bet Against Every One Of The Cryptocurrencies’

January 10, 2018January 10, 2018

Well, you can add Warren Buffett to this list of people who wants nothing to do with cryptocurrencies.

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10 Comments on Warren Buffett: ‘I Would Bet Against Every One Of The Cryptocurrencies’

Will China’s Move To Cease Buying U.S. Debt Trigger An S&P Correction?

January 10, 2018January 10, 2018

It’s certainly possible.

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9 Comments on Will China’s Move To Cease Buying U.S. Debt Trigger An S&P Correction?

News China Set To ‘Slow Or Halt’ Buying Of U.S. Treasuries Ripples Through Markets

January 10, 2018January 10, 2018

Well, if you needed another reason to believe that the Treasury selloff which gathered pace on Tuesday was set to continue, you got one this morning.

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3 Comments on News China Set To ‘Slow Or Halt’ Buying Of U.S. Treasuries Ripples Through Markets

David Stockman: Here’s Why This Time Is Different

January 9, 2018January 9, 2018

“But that’s not the half of it: Those massive buys were accompanied by a giant amplifier in the form of front-running speculators and arbitragers who hang around the casinos.”

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1 Comment on David Stockman: Here’s Why This Time Is Different

Ripple Collapses To Monday Flash Crash Lows. Dip-Buyers Assemble!

January 9, 2018January 9, 2018

Don’t say no one told you how to BTFD.

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Steve Bannon Steps Down From Breitbart In Final Humiliation

January 9, 2018January 9, 2018

“I’m proud of what the Breitbart team has accomplished in so short a period of time in building out a world-class news platform.”

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7 Comments on Steve Bannon Steps Down From Breitbart In Final Humiliation

Kitchen Sink.

January 9, 2018January 9, 2018

Everything but…

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3 Comments on Kitchen Sink.

‘Somebody’s Already Been Killed Because Of This’: Feinstein Leaks Full Fusion GPS Transcript

January 9, 2018January 9, 2018

“…the only way to set the record straight is to make the transcript public.”

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3 Comments on ‘Somebody’s Already Been Killed Because Of This’: Feinstein Leaks Full Fusion GPS Transcript

‘2018 May Not End As Well As It Started’: This Hasn’t Happened Since 1958

January 9, 2018January 9, 2018

“So what’s there not to like? Well, there is one thing.”

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Trump The Patriot Remembers At Least Nine Words Of National Anthem During College Football Championship

January 9, 2018January 9, 2018

” You see, as Trump has informed us, you are supposed to stand with your hand on your heart during the national anthem, and if you don’t do that, you are obviously a black person.”

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1 Comment on Trump The Patriot Remembers At Least Nine Words Of National Anthem During College Football Championship

Chart Of The Day: Making (World) History

January 9, 2018

What can we say but…

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Mike Novogratz Has A Fever, And The Only Prescription Is More Crypto.

January 9, 2018April 9, 2018

He’s going to build the “Goldman Sachs of cryptos.”

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2 Comments on Mike Novogratz Has A Fever, And The Only Prescription Is More Crypto.

Missing: Jamie Dimon’s Bitcoin Balls. If Found, Please Return To 270 Park Avenue

January 9, 2018January 9, 2018

“I’m not interested that much in the subject at all.”

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4 Comments on Missing: Jamie Dimon’s Bitcoin Balls. If Found, Please Return To 270 Park Avenue

Chicken-Egg: One Analyst Revisits His ‘Machiavellian Read’ On The Yuan, Yields, And The Dollar

January 9, 2018January 9, 2018

So who’s really in the driver’s seat here? As usual, there’s a strong argument to be made that it’s the Chinese. 

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1 Comment on Chicken-Egg: One Analyst Revisits His ‘Machiavellian Read’ On The Yuan, Yields, And The Dollar

Everything You Need To Know About China’s Move To Stop ‘Fixing’ The Yuan Fix

January 9, 2018January 9, 2018

Remember back in late May and early June when the PBoC engineered a pretty epic short squeeze in the yuan? 

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‘Clearly, Investors Are Feeling Good’: Here’s The ‘Euphoria’ Chart Again

January 8, 2018January 8, 2018

Low vol., “humans” cited.

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1 Comment on ‘Clearly, Investors Are Feeling Good’: Here’s The ‘Euphoria’ Chart Again

David Stockman Delivers Epic Send-Off To Steve Bannon But Warns ‘It’s Way Too Late’

January 8, 2018

“Bannonism just gave a thin veneer of ersatz nationalism to what was otherwise the Donald’s own dogs’ breakfast of protectionism, nativism, xenophobia, jingoism and strong-man bombast.”

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2 Comments on David Stockman Delivers Epic Send-Off To Steve Bannon But Warns ‘It’s Way Too Late’

Sign Of The Times.

January 8, 2018

Well, in what we can only describe as a sign of the surreal times in which we live (and trade)…

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1 Comment on Sign Of The Times.

Flashback: Donald Trump Says Oprah Would ‘Always Be My First Choice For Vice President’

January 8, 2018January 8, 2018

“She knows how to win.”

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Trump’s Lawyers Devising Strategy To Avoid Mueller, FBI Interview: NBC

January 8, 2018January 8, 2018

“The odds of prosecutors agreeing to written responses are somewhere between infinitesimally small and zero.”

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3 Comments on Trump’s Lawyers Devising Strategy To Avoid Mueller, FBI Interview: NBC

Weight Watchers Soars On Oprah For President Rumor – No Word On DJ Khaled’s 2020 Plans

January 8, 2018January 8, 2018

Now if only DJ Khaled were to announce a 2020 bid, Weight Watchers could soar to $100…

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9 Comments on Weight Watchers Soars On Oprah For President Rumor – No Word On DJ Khaled’s 2020 Plans

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Monthly Letter

  • The Arbitrageur

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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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