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2023March
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.
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.