03:14 EST. Monday, November 3.

03:14 EST. Monday, November 3.

03:14 EST. Monday, November 3. The Asian session is a slaughterhouse, and I’m just watching the blood pool around my desk. USD/JPY just broke 138 on no actual news, just the…

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The Month-to-Month Republic

The Month-to-Month Republic

The Month-to-Month Republic A billion dollars a year, give or take. That is what Washington saves if Citi has Wednesday right and the Treasury trims $3 billion from every…

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Long Paper, Short Barrels

Long Paper, Short Barrels

Long Paper, Short Barrels Two prospectuses arrived on Monday and the tape graded them in opposite directions. The Philadelphia semiconductor index rose 2.8% and still sits 12.2%…

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The Last Hike Before the Lull

The Last Hike Before the Lull

The Last Hike Before the Lull On July 3, 2008, the European Central Bank raised its main rate to 4.25%. Euro-area inflation was running at 4%, Brent was a week from its record…

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