Consumer Confidence Collapses As American Households Despair
There’s no other way to look at this first 100 days other than a huge
Prices Still Rising In ‘Out Of Whack’ US Housing Market
US home prices continued to rise, worsening an affordability crisis which, according even to housing
From GM To Canadian Grandmothers, Everyone’s ‘Tired Of Winning’ Already
I don’t know about anybody else, but this American’s tired of winning already. 100 days
No One Likes Uncertainty
This may not have occurred to every “very stable genius” in the world, but deliberately
‘Ghosts In The Recursion Fields’: How We Lose Our Humanity To AI
I tried recently to limit my iPhone screen time. To that end, I started bringing
The Bonds Don’t Lie
First thing Monday, I not-so-gently chided Scott Bessent for what, in my view anyway, was
Fool’s Gold
Over the weekend, Scott Bessent said a ridiculous thing. He said a lot of ridiculous
Traders Brace For Data Tsunami With GDP, Payrolls Due
This’ll be a busy week on the macro-market front, and probably on the political front
War, Peace And A Very Slippery Slope
Donald Trump was at Pope Francis’s funeral for all of 14 minutes on Saturday. It
The Domino Effect Of De-Anchored Inflation Expectations
The Powell Fed’s in a tough spot. That’s a good early candidate for macro-market understatement
Is 20x The New Ceiling For US Equity Multiples?
A little over a month ago, JPMorgan suggested US equity valuations reset structurally higher over
Arresting Developments
Kash Patel’s arresting judges now. So, there’s that. No sense burying the lede. But it’s
Americans’ Inflation Outlook Neared 10% During April Tariff Panic
Donald Trump’s backpedaling on tariffs, and the partial recovery in US financial assets since the
If Everything’s Exempted, Is It Still A Trade War?
As it turns out, the trade war’s a silly charade. Who knew?! On Friday, reports
Alphabet Does Enough
To let some analysts tell it, Alphabet’s virtually uninvestable. Pretty much everything to do with
Who Sold US Stocks?
Who is Colonel Mustard, in the library, with a candlestick? This is Jeopardy, you took
‘Vladimir, STOP!’
“Vladimir, STOP!” So came the manifestly impotent squeal from TruthSocial, where Donald Trump on Thursday
Erstwhile Housing Optimists Warn On Society-Wide Mobility Crisis
So much for that? For a few months, it looked as though the resale US
Long March Versus Tiny Hands
According to China, remarks from Donald Trump and Scott Bessent in recent days about a
Cutting The Tails, Watching The Screens
It’s too stupid, I can’t take it. Or at least not without laughing at something
‘A Nonsensical Place’
Did everyone hear Scott Bessent on Wednesday? I hope so, because the rhetoric from the
Jump In New Home Sales Is Old News As Rates Surge Back To 7%
Tediously bland wooden boxes newly-built atop suburban concrete farms: Get ’em while there’s a glut!
US Economy Seen Succumbing To Stagflation In Lackluster PMIs
Early reads on US business activity for April painted a subdued, stagflationary picture, not surprising
Untethered
Remember when tariff threats were a boon for the dollar, Treasurys were a haven from
‘An Artificial And Unnecessary Crisis’
Donald Trump on Tuesday said he’s never been inclined to fire Jerome Powell. It was
History Shows High Tariffs Pose ‘Extreme Danger’ To Corporate Profits
If there’s a silver lining (there’s not), it’s that US corporate profits are extremely elevated
IMF Laments Highest US Tariffs In 100 Years
The IMF downgraded the US growth outlook on Tuesday. I mention this not because anyone
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