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Everything is up this month. Stocks, bonds, commodities, the dollar, and crypto all rallied. But is it a trend change or just another sucker’s rally?

The Fed hiked 75 bps again. The markets rallied big yesterday. But technically, we’re still in No Man’s Land. Happy Thursday! My goodness, I need to stop partying in the Big Apple. Besides dealing with...

Happy Hump Day! Last night, I drank a few drops of something cheerful with my new Irish friend Simon, who’s training the same bankers I am. He reminded me that I haven’t...

Reduced output and runaway inflation are the new normal in Europe. Russia has already reduced gas flows and will cut off Europe before it’s ready. As a result, Europe will return to...

Joke Biden’s approval ratings are in the basement. The Dems can’t prep Kamala because she’s completely incompetent and unlikeable. Who can the Dems turn to in 2024?  You guessed it! Happy Friday! I hope...

I started my banking career in New York City in 1997. By then, Rudy Giuliani had turned the place into Disneyland. Now, the whole place stinks of piss and weed. Good morning on...

Credit: Sean Ring The Dow was up about 800 points. Earnings were good; Russia was better. Let’s rehash what I wrote about Russia in March. Happy Hump Day! I know you’ve been reading the Rude...

All of America’s banks’ profits have been hit hard. As the Fed tightens, banks should make higher net interest margins. But even as trading has thrived, investment banking is hurting. Happy Tuesday. As I...

We’ve been talking about the energy shortage for a while now. But one important group of minerals for fertilizer comes mainly from Russia and Belarus. Because of the sanctions, that mineral isn’t...

Italian politics aren’t for the faint of heart. PM Mario Draghi resigns after his coalition partners refuse to back him in a confidence vote. The Italian President refused his resignation, putting the...

Russia Ships Oil to India, Then India Refines and Sells It to Europe.

The Almighty Dollar is trashing the Euro, along with most major currencies. The Euro is a political project, so no amount of market rejection will sway Europes empire builders....

Steelmanning the argument for ESG. What is ESG Investing? Who decides whats ESG and whats not? Who guards those guardians? A famous UK fund manager wont employ it.Good morning...

Former Japanese PM Shinzo Abe was shot during his speech in Japan. British PM Boris Johnson resigns after years of scandals. European farmers rebel against their governments green agendas.Happy...

Commodities finally got their smack, down over 9% this month. Both copper and silver tell us the economy is slowing down. Stocks, bonds, and real estate were also down....