Nobody Special Finance

Blowout August Jobs Report | The Yen Carry Trade is Unwinding

The August jobs report showed the US added 162K jobs for the month with a further 55K in upward revisions to previous months. Meanwhile there is an important story develo

They're Messing With The Yen Again, Oil Higher on Inventory Draw

The Japanese Yen is once again surging against the dollar this morning in what appears to be another episode of "Yentervention" where entities such as the Japanese Financ

Chevron Makes First Move in Venezuela, Data Points to Frozen Job Market

Chevron will spend $7 billion to roughly double it's Venezuelan oil production over the next five years, a relatively small yet symbolic move marking the first US oil maj

Interest Rates Rise as Global Bond Selloff Continues

Interest rates are rising all over the world this morning as an ugly mix of inflation expectations and liquidity concerns are punishing long bonds in the US, UK, and Japa

Market Adjusts to Hawkish Warsh, Oil Up on Iran and Venezuela News

Markets are resetting their expectations for Fed rate hikes this morning after Kevin Warsh struck a notably hawkish tone Friday afternoon in his speech at Jackson Hole. B

Markets Hold Breath Ahead of Jackson Hole and Annual Jobs Revisions

Markets are quiet (for now) ahead of Fed Chairman Warsh's speech at Jackson Hole and the annual benchmark revisions to the nonfarm payrolls reports. Support the Channel

Nvidia Rips on Earnings, Magic Johnson's Insurance Co Under Scrutiny

Nvidia reported another quarter of significant revenue growth which is great news to anybody who can't read a 10Q and doesn't care about accounting fraud. Meanwhile Magic

PCE Shows Stubborn Inflation, Retail Earnings Indicate Consumer Stress

PCE Inflation came in slightly higher than expected doing little to change the market's current state of confusion regarding the Federal Reserve's next move on interest r

Scott Bessent vs The World

If Scott Bessent wishes to defend the dollar, the solvency of the US government, and date Ramona, then he must first vanquish the dollar's Seven Evil Exes. Support the C

Treasury Floats Using TGA for Buybacks, Nvidia Buying It's Customers

There's more jawboning in the bond market this morning as anonymous sources at the US Treasury Department claim Scott Bessent could tap the nearly trillion dollar Treasur

Gold, Silver, and Bitcoin Rip: The Debasement Trade is Back For Now

The debasement trade is back! While the bond market debates whether or not Scott Bessent will succeed in capping long term interest rates, dollar alternatives gold, silve

Stocks Fall on Walmart Earnings as Bessent Pump Proves Temporary

US Stocks are lower ahead of the open today after Walmart posted it's slowest sales growth in six years stoking concerns about the health of the US consumer. Meanwhile bo

Treasury Dept Announces Liquidity Pump, OpenAI's Very Bad Day

After several days of bond market turmoil, the US Treasury Department has announced they are doubling the size of their treasury buybacks in order to shore up liquidity a

Interest Rates Rising All Over The World, Crack Spreads Blowing Out

Borrowing costs are increasing across the globe as fiscal recklessness, inflation expectations, and runaway AI spending have debt investors demanding a higher rate in exc

The AI Bubble is Now Competing With the US Govt For Debt Issuance

The numbers are already into the hundreds of billions, and by some metrics even the trillions. The AI bubble has borrowed money from anyone and everyone willing to lend a

Yen Carry Traders Rebuild Yen Shorts Juicing Tech Bubble

When Scott Bessent bailed out the Japanese Yen earlier this month, he triggered an instant rally in US and South Korean tech stocks that has the S&P500 making new records

July Producer Price Inflation Comes Lower Than Expected

The July PPI report came in lower than expect and down sharply from June adding to bets that the Federal Reserve will leave interest rates unchanged at the next meeting i

CPI Comes in at 3.4%, Missing Fed Target For 65th Consecutive Month

The Consumer Price Index (CPI) for the month of July came in at 3.4% year over year, in line with market expectations. Are you not relieved? Support the Channel on ⁠⁠⁠⁠⁠

Wall St Circles Wagons Around Nvidia with $500B of Other People's Money

The biggest asset managers on Wall Street are getting together to commit half a trillion dollar of other people's money in the latest desperate attempt to keep the AI bub

Intel to Sell $15B of Stock, River Levels in Europe Threaten Food and Power

Intel is the latest tech company to issue new stock joining the ranks of Google, Meta, Oracle, Supermicro and SpaceX as companies tap every corner of the market to raise