Credit Writedowns

There isn't a lot of economic news out today, so let me focus today's piece a bit on the economic and social messaging ahead of the US midterm elections. What about the economy? I was in the car just now, listening to the radio, when a…

I don't have a daily post for you today. So, in lieu of a daily, I wanted to make some more general comments about interest rates that I have been making in my market commentary pieces. The accelerated hike timetable In February, I wrote a…

This morning, I gave you an initial reaction to the jobs number, saying: A bad number won’t change the Fed’s forward guidance because the Fed has a tightening bias. But that bias means that a good number could tip us toward four rate hikes…

No more oil black swan Remember Al Arabiya channel’s General Manager Turki Aldakhil warning that imposing sanctions on, Saudi Arabia, the world’s largest oil exporter could spark global economic disaster? I wrote about it when the  Jamal…

Birthright citizenship Yesterday, I wrote about what unilateralism looks like on the domestic front. And in many ways, it's similar to international unilateralism. The guiding principle is to prematurely forgo compromise and take a stance,…

In contrast to the last month, it was a good day for the markets today. So I want to do a mini-recap. All eyes on Apple First up: Apple is slated to report tomorrow afternoon after the closing bell. Expectations for their earnings report…

If you look up the word 'unilateralism', you would see it defined as "the process of acting, reaching a decision, or espousing a principle unilaterally." And we often hear of the US choosing to act using unilateralism or multilateralism on…

I want to start today's daily with the markets and the real economy before I branch out into more political economy including Germany. European economic numbers And since I mentioned Germany, let me start there. A slew of economic data came…

I had an epiphany of sorts this morning and I wanted to run the insight by you. Here's what I decided: just maybe the Internet is responsible for a lot of the increasing polarization we see online. Here's how I came to that conclusion.…

So I reckon I've got the politics out of the way now since I don't have a lot to add on the election in Brazil. So here's my daily post without the politics. Climate change I saw a great piece in Axios about climate change that I wanted to…