In Shift, ECB Drops Precommitment To Additional Rate Hikes
The ECB raised rates as expected on Thursday. July marks the one-year anniversary of Christine
The ECB raised rates as expected on Thursday. July marks the one-year anniversary of Christine
Wednesday marked the unofficial start of big “tech” earnings in the US, as Tesla and
The home equity losses are here. US homeowners with mortgages (around two-thirds) suffered more than
“Weak demand!” Screamed Chinese trade figures released on Wednesday. The numbers, which were disappointing, extended
Maybe it’s a dearth of other bad market news to monetize, maybe it’s a genuine
Credit Suisse released Q1 results on Monday. They weren’t great. I suppose you could say
It’s not just your imagination, even if the narrative is (mostly) imaginary: De-dollarization is a
Typically, I wouldn’t go out of my way to call out CEO compensation, where “out
I’ll confess to being a bit vexed by the idea that the US is expected
OPEC+ managed to engineer a modest spike in crude prices after blindsiding markets with a
I’m always amused by references to “assurances” from OPEC or, more recently, OPEC+. OPEC is,
On Friday morning, while documenting what was shaping up to be a rough session for
A pre-FOMC limbo found investors biding time. It didn’t feel like a “crisis” day. Indeed,
Even if the Fed decided to lean decisively dovish this week, it may not matter.
Going once, going twice, sold! For a princely CHF0.76. Credit Suisse was forced into the
To describe the shotgun wedding between UBS and Credit Suisse as “complex” would be to
“I can’t imagine the Swiss authorities won’t do anything in the event of a real
Near the close of US trading on Wednesday, the SNB and the Swiss Financial Market
The Swiss government is in talks with Credit Suisse about options to shore up confidence
I’m the last person to yell “Fire!” in a crowded theater. I’m also instinctually averse
The deluge of bank headlines continued unabated Wednesday, when Credit Suisse returned to the spotlight
Saudi Aramco made a lot of money in 2022. Last year was a banner year
Whenever the “petroyuan” comes up (which is quite often these days), I’m always keen to
July 13, 2024 The world’s largest economy just turned a corner. The latest CPI
At one point Wednesday, the most read stories on Bloomberg’s public website were, in order,
Rabobank’s Michael Every is having none of it. By “it,” I mean any variation on
The first work day of the new year began with a deluge of notes and
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