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2023February

Great Game or Great Friends? The Russia and Saudi Bromance.

Posted February 28, 2023

Why does Saudi make an enormous effort to sidle up to the Russians?

Is This Sucker’s Rally Ending?

Posted February 27, 2023

It was a fun ride, but now it’s time to look at the downside.

China Takes the Gloves Off

Posted February 24, 2023

After the US threatens sanctions, China publishes “US Hegemony and Its Perils” on its government website.

China and Russia Go Public with Partnership

Posted February 23, 2023

China joins Russia in a “rock solid” partnership after Blinken screws up.

Mercurial Markets and a Merry Mailbag

Posted February 22, 2023

A quick update before I dive into the bag.

The Stark Juxtaposition of Ohio and Ukraine

Posted February 21, 2023

Biden chose to visit his vassal rather than the people of East Palestine.

A Tale of Two Tapes: Macro and Market

Posted February 17, 2023

Yesterday’s PPI and Philly Fed disappointed, but in different ways.

Europe’s Mild Winter is a Stroke of Good Luck

Posted February 16, 2023

In a rare loss for Putin, Europe’s mild winter means fewer natural gas imports.

Time to Watch the Fed Again

Posted February 15, 2023

Inflation cools, but Brainard leaves; what’s next?

ESG Crushes Energy Investment and Security

Posted February 14, 2023

Environmental, Social, and Governance policies drive prices higher.

Lunch in Chamonix, Dinner at IKEA

Posted February 13, 2023

This weekend, we drove around Italy and France.

Will the Almighty Dollar Get Mighty Again Soon?

Posted February 10, 2023

What’s the worst thing that could happen right now to traders? A dollar turnaround.

Nordstream: Seymour Hersh Points Finger at the USG.

Posted February 09, 2023

No Rude reader is surprised. Still… sunlight is the best disinfectant.

Biden and Powell: Two Old Men in a Hurry

Posted February 08, 2023

Neither of them is out of the woods yet. But they’re praying for a bit of luck.

The Cost of Risk and Earthquakes

Posted February 07, 2023

The earthquake in Turkey and Syria was horrific. How do we deal with these risks?

Tell Us a Better Lie, Sloppy Joe!

Posted February 06, 2023

Of course, inflation went up under Biden. When reporters ask him about it, he needs better prep.
Tell Us a Better Lie, Sloppy Joe!

The Moon is a Chinese Spy Balloon

Posted February 03, 2023

The one time the USG should shoot something down, it doesn’t!

January 2023: Monthly Asset Class Report

Posted February 02, 2023

Stocks, gold, and even bonds had a great month.

Chairman Pow and the FOMC Make Their Move This Afternoon

Posted February 01, 2023

Yesterday’s ECI print adds more uncertainty to the issue.