Friday’s links

Henry Kaufman, 1970s Wall Street Dr. Doom, Blasts Powell on Inflation – Bloomberg
Investors bet on loans as Fed readies to lift interest rates – FT
Inflation Risks Getting Sticky as Big Firms Flex Pricing Power – Bloomberg
Stock Market Normality Returns, and It Hurts – WSJ
Central banks start turning off the cash taps – Reuters
Fed has much less control over spending (& inflation) than is widely believed – MarketWatch
Still Flying Blind After All These Years – Levy Institute (also on Recommended Articles tab)

Thursday’s links

Brainard says fighting inflation is Fed’s ‘most important task’ – FT
U.S. Initial Jobless Claims Rose to Highest Since Mid-November – Bloomberg
How Private Debt Helps Power the Global Economy – WSJ
Fed’s hawkish comms blitz takes aim at skeptical market – Reuters
From QE to QT: What to Know as the Fed Shrinks Its Balance Sheet – Barron’s
Fed’s Latest Tool: A Standing Repo Facility – Liberty Street NY Fed (also on Recommended Articles tab)

Wednesday’s links

US inflation soared 7% in past year, the most since 1982 – AP
High inflation is ‘severe threat’ to US jobs recovery, Powell warns – FT
U.S. Treasuries Gain After Inflation Surge In Line With Expectations – Bloomberg
Why 7% Inflation Today Is Far Different Than in 1982 – WSJ
The Bond Market Refuses to Accept Economic Reality – Bloomberg Opinion

Tuesday’s links

Monetary policy widens the gulf between poor and rich economies – FT
Calls for China to Cut Rates Grow Louder – Bloomberg
Stocks Drop As Powell Testifies – Barron’s
Bank Stocks Set for Big Gains Ahead of Potential Fed Rate Increases – WSJ
JPM Coin – Daniel Neilson (also on Recommended Articles tab)

Monday’s links

Equities and futures fall as traders look ahead to rate rises – FT
U.S. Treasury Options Suggest Calm After Rout – Bloomberg
Stocks Slide With Bond Yields at Pandemic High – Barron’s
Milton Friedman’s Interest Rate Fallacy – Maroon Macro (also on Recommended Articles tab)

Friday’s links

China’s slow motion financial crisis – FT Unhedged
Hedge Funds Boost Value-Stock Exposure – Bloomberg
Eurozone Inflation Hits New Record, Further Pressuring ECB – WSJ
Debate Emerges Over How to Shrink Fed’s $8 Trillion Bond Pile – Bloomberg Economics
Anson Hedge Fund Surged 45% in 2021 on Meme-Stock Frenzy – Bloomberg

Thursday’s links

Investors dash out of US tech stocks in powerful market rotation – FT
Fed Leaves Gradualism Behind With Urgency on Rates, Assets – Bloomberg
Interest-Rate Worries Batter Stock Market – WSJ
10-year Treasury yield tops 1.75% as rate spike to start 2022 continues – CNBC
Inflation tracker: the latest figures as countries grapple with rising prices – FT
SF Fed head says ‘closing in’ on achieving inflation, employment goals – Reuters
Quantitative Tightening Step-by-Step – Fed Guy (also on Recommended Articles tab)

Wednesday’s links

The changing shape of the inflation problem – FT
Treasuries’ Ugly Start to Year Exposes Enduring Inflation Angst – Bloomberg
Hedge funds struggle to lure new money as performance lags – FT
Investors see benchmark US 10-year yield rising to 2% soon – CNBC
Why Quantitative Tightening Is on the Fed’s Agenda Again – Bloomberg
The rise of private markets – BIS (also on Recommended Articles tab)

Tuesday’s links

Interest-Rate Hawks May Not Sweep All Before Them in 2022 – Bloomberg Economics
Dollar hits five-year high against Japanese yen – FT
Fed Weighs Proposals for Reduction in Bond Holdings – WSJ
Treasury yields extend rise – MarketWatch
The big picture; themes for 2022 – Daniel Neilson (also on Recommended Articles tab)

Monday’s links (first post of 2022)

Turkish inflation soars to highest level under Erdogan – FT
Here’s (Almost) Everything Wall Street Expects in 2022 – Bloomberg
The S&P 500 rose 27% in 2021, but investors see a rockier path ahead for stocks – WSJ
Treasury Yields Jump as Conviction on Fed Hikes Grows – Bloomberg
An Obituary for LIBOR and the Transition to SOFR – Maroon Macro (also on Recommended Articles tab)