Page 60 - Michael Every News Today

by Tyler Durden By Michael Every of Rabobank War and Peace As Tolstoy said of ‘War and Peace’, it’s " not a novel, even less is it a poem, and still less a historical chronicle." I agree: it’s a schlep. It’s one of those epic novels that you look at and think - can I? And I must confess, with my eyesight, I can’t. Of course, that doesn’t mean one isn’t aware of what the book covers, the Napoleonic war between France and Russia, or its key question - is history driven by powerfu...

by Tyler Durden By Michael Every, Ryan Fitzmaurice, and Dennis Voznesenski of Rabobank (pdf link) Attention: Russia-Ukraine Tension: The current stand off and its potential impact Summary The long-standing conflict between Russia and Ukraine has flared up again, with huge Russian military deployments at the border. Russia has also closed the Kerch Strait into the Sea of Azov until October to foreign military and foreign-state vessels. The cost and logistics of massing this force means Russia mu...

by Tyler Durden Wednesday, Apr 21, 2021 - 11:50 AM While owners greed, ego, and efforts to Americanize the worlds most popular sport were blamed, there is another that has faced serious condemnation... Jamie Dimon and his firm JPMorgan. " Funding a revolution is always a risky business, and one of the world’s largest banks is now exposed to a very public defeat in the emotional arena of soccer." As a reminder, JPMorgan agreed to back Europes breakaway league to the tune of 4 billion euros ($4...

"Bidens Trillions" Spark Historic Labor Shortage: Record 42% Of Businesses Cant Fill Job Openings Last week we made a remarkable observation: despite some 100 million Americans not in the labor force (of which 94 million do not want a job)... ... there is now a full-blown labor shortage in the US, for one simple reason - 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 not...

by Tyler Durden By Michael Every of Rabobank Whats the point - of no return? What’s the point? That’s a question I ask myself more and more frequently. Thursday’s session was a key case in point of that. We got a slew of key US data and it was, almost across the board, fantastically stronger than expected: the Empire PMI at 26.3 vs. 20; initial claims 576K vs. 700K; retail sales up 9.8% m/m(!) vs. 5.8%; Philly Fed at 50.2 vs. 41.5; and only industrial production of 1.4% m/m vs. 2.5% spo...

by Tyler Durden By Michael Every of Rabobank Power abhors a vacuum There’s an old phrase that neoliberal economists pay virtually no attention to at all, and which is one of the largest problems with the discipline: power abhors a vacuum. None other than Adam Smith himself stated “ People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices." You don’t hear too much o...

Written by GaryRV sales hit record in February, on pace for blowout 2021 (SPY +0.1%). Bernie Madoff disgraced financier dies in prison. Biggest midday movers: Goldman Sachs, Bed Bath & Beyond, Moderna.

American Rescue Plan: US stimulus seen widening trade deficit that sparked Trump’s trade war with China The US$1.9 trillion American Rescue Plan is poised to attract more Chinese imports. Photo: Reuters The US$1.9 trillion American Rescue Plan is poised to attract more Chinese imports, and analysts expect it to widen the United States contentious trade deficit with the worlds second-biggest economy. The stimulus will add about US$30 billion to US imports from China this year, estimates Derek...

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

Rabo: One Man Is Responsible For The Market Reaching Its Impossible Dream... And Its Not Powell by Tyler Durden By Michael Every of Rabobank Man of La Manchin(a) “To dream the impossible dream; To fight the unbeatable foe; To bear with unbearable sorrow; To run where the brave dare not go To right the unrightable wrong; To love pure and chaste from afar; To try when your arms are too weary; To reach the unreachable star This is my quest to follow that star; No matter how hopeless, no matter ...