Category: Global Markets

  • HSBC Is Walking Away from Private Credit — and That Should Terrify Retail Investors

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    HSBC Is Walking Away from Private Credit — and That Should Terrify Retail Investors One of the world’s biggest banks just quietly sent a loud signal to anyone paying attention. HSBC has told some of its private credit borrowers that it won’t be renewing their credit facilities — the revolving lines of funding that keep…

    HSBC Is Walking Away from Private Credit — and That Should Terrify Retail Investors
  • The Oil Curve Just Went Flat — And That’s a Screaming Demand Warning

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    The Oil Curve Just Went Flat — And That’s a Screaming Demand Warning A few weeks ago, traders were screaming that oil was heading to $200 a barrel. Today, the oil futures curve — the market’s own roadmap of where oil prices are expected to go — has nearly flattened into a shape that says…

    The Oil Curve Just Went Flat — And That's a Screaming Demand Warning
  • Oil Is Falling — But Not for the Reason You Think: Curves, TIPS, and a Fed About to Repeat 2008’s Biggest Blunder

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    Oil Is Falling — But Not for the Reason You Think: Curves, TIPS, and a Fed About to Repeat 2008’s Biggest Blunder The headlines have a tidy story: Iran peace deal, oil supply comes back, prices drop. Makes sense. Close the tab, move on. But if you look at the full picture — the oil…

    Oil Is Falling — But Not for the Reason You Think: Curves, TIPS, and a Fed About to Repeat 2008’s Biggest Blunder
  • The Futures Frown: Why Markets Think Central Bankers Are About to Repeat Their Biggest Mistake

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    The Futures Frown: Why Markets Think Central Bankers Are About to Repeat Their Biggest Mistake Oil prices spike. Central bankers panic. They raise rates into a weakening economy. Then they scramble to cut them again. If you’ve seen this movie before — in 2008, in 2011 — markets are quietly telling you we’re about to…

    The Futures Frown: Why Markets Think Central Bankers Are About to Repeat Their Biggest Mistake
  • The Pringles Problem: Why Global GDP Data Proves Central Banks Can’t Save a Stagflating World

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    The Pringles Problem: Why Global GDP Data Proves Central Banks Can’t Save a Stagflating World Imagine you’re handed a can of Pringles. You eat one chip. Then another. Before you know it, the can is empty and you’re still hungry. That’s exactly how Jeff Snider describes the world’s addiction to rate cuts — and the…

    The Pringles Problem: Why Global GDP Data Proves Central Banks Can’t Save a Stagflating World