Only for Wonks

September 19, 2014

A week of really interesting market action and a new Z.1 "flow of funds" report - all overshadowed by Alibaba.

King Dollar and the Peripheries

September 12, 2014

Things are turning interesting again.

Do Whatever it Takes to Shock and Awe

September 5, 2014

Draghi beats "Wall Street" estimates.  Markets rejoice.

Pondering the Summers of 2012 and 2014

August 29, 2014

The gulf between inflating global securities prices and deteriorating fundamental prospects widens by the week.

Reflexivity, Bubbles and Profits

August 23, 2014

Market "risk on" - in the face of a risky and unstable world.

Bubbles & Schemes

July 25, 2014

Cracks appearing in junk bonds?

Druckenmiller the Statesman

July 18, 2014

Geopolitical risk erupts and a hedge fund titan speaks candidly.

2014 vs. 2007

July 11, 2014

Action at the "periphery of the periphery."

The Moneyness of Risk Assets

July 4, 2014

Dr. Yellen, you just condoned “Terminal Phase” excesses.

No Bubble?

June 27, 2014

Fed hawks are beginning to make some noise.

Sound or Unsound?

June 13, 2014

Add meltdown in Iraq to the long list of geopolitical risks.

Credit Allocation

June 6, 2014

Signs of an upside dislocation

He's Back

May 30, 2014

A synchronized melt-up in global risk markets.

How the Euro was (Really) Saved

May 23, 2014

The short squeeze was back.

Nervous Time

May 16, 2014

Tepper and Summers offer valuable insight.

(No) Conundrum 2.0

May 9, 2014

Could things possibly be any more fascinating?

Serial Booms and Busts

May 2, 2014

How long can the markets ignore Ukraine, Russia and China?

Money and Credit and the Current Backdrop

April 27, 2014

Trouble brewing.

Automatic Stabilizer?

April 18, 2014

Yellen comforts New York - and the Bulls.

Financial Stability

April 11, 2014

Selling is starting to get serious.

Commentary Archive