Page 57 - Michael Every News Today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

by Tyler Durden By Michael Every of Rabobank SPLAAAAAAAAAT! That sound was the pure slapstick of a giant custard pie to the face. Which is what the US inflation numbers yesterday were to oh-so-many people. Massively higher than expected; the highest m/m headline since 2009 and the highest y/y since 2008; the highest core m/m print since 1982; much of this on the back of imputed and guessed prices; and not even properly accounting for what is now happening in energy and housing. It was the kind ...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

US Core Consumer Prices Explode Higher At Fastest Pace Since 1981 (SPY -0.7%). Data shows inflation running hotter than expected as consumer prices leap 4.2%. Here is the current market situation from CNN Money European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively. What Is Moving the Markets Here are the headlines moving the markets. 3 Stocks That Could Win Big From Bidens $2 Trillion Infrastructure Pla...

by Tyler Durden By Michael Every of Rabobank Pricing and Poetic Justice With global cargo routes log-jammed; a key US oil pipeline still shutdown, leading to another backlog of ships idling off-shore; log-jammed cargo ships off the Israeli port of Ashkelon watching missiles being fired overhead; the US navy interdicting a ship full of Iranian-supplied weapons in the Red Sea (as sanctions may be about to be lifted); Aussie iron ore at a price level three times above what was considered toppy unt...

Cryptocurrency Ether bursts past $4,000, other cryptos firm Updated: Updated: May 11, 2021 11:18 IST Bitcoin hit a three-week high and one-time parody currency dogecoin steadied, arresting a sharp drop after comments from Tesla chief Elon Musk sent it tumbling on Sunday. Share Article Cryptocurrency Ether bursts past $4,000, other cryptos firm.   | Photo Credit: Reuters Bitcoin hit a three-week high and one-time parody currency dogecoin steadied, arresting a sharp drop after comments from Tesl...

European markets struggle to decipher US jobs data Lower than expected hiring numbers sends mixed messages Mon, May 10, 2021, 10:44 The Spanish stock exchange. The Stoxx 600 index was flat in early dealings, after hitting an all-time high on Friday. The UK’s FTSE 100 also traded flat.   European equities wavered as investors struggled to understand the implications of a weaker than expected US jobs report that sent conflicting signals about inflation and possible next moves from global cent...

Ether bursts through $4 000 for the first time Cryptocurrency ether broke past US$4 000 on Monday, climbing to a new peak for a third session in a row on bets it may find new uses, lifting other digital currencies in its wake. Bitcoin hit a three-week high and one-time parody currency dogecoin steadied, arresting a sharp drop after comments from Tesla chief Elon Musk sent it tumbling on Sunday. Ether, traded using the Ethereum blockchain, was last up around 6% for the day on the Binance exc...

by Tyler Durden By Michael Every of Rabobank Not Just American Hustle US oil prices are soaring due to a cyber-attack Friday on a key pipeline, which has disabled it with no fixed date to restart operations. The ‘good’ news is this is the work of a criminal group called Darkside, who just want money. Quite the American hustle. The bad news is it shows how vulnerable economies are to this kind of sabotage at a time when we are hardly short of state actors willing and able to perpetrate it du...

“I don’t think we should pay people to stay home and not work if there are jobs available" ... or listen to the National Owners Association (NOA) — an independent group of McDonalds franchisees — which sent a letter to its members on Sunday that blamed hiring challenges on the "perverse effects of the current unemployment benefits" and said " when people can make more staying at home than going to work, they will stay at home. Its that simple. We dont blame them. We fault the system." B...