In narrative-world, we have now redefined core CPI to not only exclude food and energy prices directly, but also indirectly. If airfares went up in-li…
We're reconfiguring the entire ET Pro service to support our Big Idea for 2023: long-dated interest rates are coming unmoored, meaning that 10-year+ T…
There is a constructed ebullience in the US economy right now, by which I mean that the usual narrative wall of worry that Wall Street uses to grind h…
Assuming that Treasury and the Fed have stopped the immediate, fast-motion bank run at First Republic and created a reasonable firewall (and I think t…
I think that the Big Banks' collective deposit of $30 billion in uninsured accounts with First Republic is the first step in solving the Dark Forest p…