Page 58 - Michael Every News Today

Gasoline futures jump to highest in nearly 3 years on pipeline cyberattack (SPY +0.1%). U.S. Covid cases down 30% over past two weeks and the dollar is sliding after the horrible April jobs report. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the...

Ether bursts past $4,000, other cryptos firm 05/10/2021 5:57 SINGAPORE (Reuters) -Cryptocurrency ether broke past $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% ...

Montana Is First State To Cancel Unemployment Benefits In Response To Unprecedented Worker Shortage Published: May 6, 2021 Three weeks ago, when looking at the unprecedented labor shortage that is crippling the US economy (even with some 100 million Americans not in the labor force)... ...we said that there is a simple reason for this paradoxical phenomenon:  trillions in Biden stimulus are now incentivizing potential workers not to seek gainful employment, but to sit back and collect the nex...

Montana Cancels Unemployment Benefits in Response to Unprecedented Worker Shortage First state to make move as businesses struggle to lure workers off the dole Image Credit: Share Email Three weeks ago, when looking at the unprecedented labor shortage that is crippling the US economy (even with some 100 million Americans not in the labor force)… …we said that there is a simple reason for this paradoxical phenomenon: trillions in Biden stimulus are now incentivizing potential workers not to...

Rabobank: Is It Possible The Fed Is So Stupid It Doesnt Understand What It Is Doing by Tyler Durden By Michael Every of Rabobank Warning: May contain crisis I am lucky in that I don’t have a serious food allergy, such as to peanuts. I fully grasp just how dangerous these can be to those that unfortunately do, and why we need clear food labels to show if there is even a trace of nuts. Having said that, I always find it ironic that when I get given the standard packet of peanuts on a plane, it ...

May 7, 2021 Three weeks ago, when looking at the unprecedented labor shortage that is crippling the US economy (even with some 100 million Americans not in the labor force)… …we said that there is a simple reason for this paradoxical phenomenon: trillions in Biden stimulus are now incentivizing potential workers not to seek gainful employment, but to sit back and collect the next stimmy check for doing absolutely nothing in what is becoming the world’s greatest “under the radar” exp...

by Tyler Durden By Michael Every of Rabobank Doge Eat Doge “Well its a dog eat dog; Eat cat, too; The French eat frog; And I eat you; Business man, when you make a deal; Do you know who you can trust? Do you sign your life away? Do you write your name in dust? Hey, hey, hey! Every dog has his day; It’s a dog eat dog; Dog eat dog.” AC/DC We see more and more references to “mercantilism” in the financial press: but most readers still don’t understand what the word means. We see increa...

by Tyler Durden Authored by Michael Every via Rabobank, Israel’s Benjamin Netanyahu passed a milestone last night when his 28-day mandate to try to form a government expired without him being able to do so. It is possible that for the first time in 12 years he soon won’t be prime minister. I mention this not because of any direct market relevance, but because ‘Bibi’ in at least one way exemplifies one of the problems markets are grappling with:  working out who is actually driving . Fo...

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

March 2021 CoreLogic Home Prices: Millennials propel home buying (SPY -0.6%). US trade deficit hits record high in March. Biggest movers: CVS Health, iRobot, Vaxart. 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. Big Oil Hikes Dividends After Blowout Quarter Crude oil futu...