Page 61 - Michael Every News Today

Expand Rabo: "If One Atlas Shrugs, It Suggests A US Tax Grab, Capital Flight, Huge Malinvestment And Lower GDP Growth" by Tyler Durden By Michael Every of Rabobank Let’s start with the Fed minutes. As Philip Marey notes, Fed Chair Powell suggested they could raise the IOER rate and the overnight RRP rate between scheduled meetings if downward pressure on money market rates became too big; rate and balance sheet policy should be based primarily on observed outcomes rather than forecasts, said ...

by Tyler Durden By Michael Every of Rabobank The Remains of the Daily I know a little -- choot-choot-- about Russia. Preferring Gogol to Google gives me no inside angle: that would be like a Russian reading “The Remains of the Day” in early 2016 and saying they could therefore call Brexit. Yet I had Бородавки и все такое --warts and all-- experiences in Russia back in the day when the prime minister used to say things like: “ We wanted the best, but it turned out like al...

Expand The IMF And World Bank, Who Pay No Taxes, Are About To Talk About Tax Hikes And Inequality by Tyler Durden By Michael Every of Rabobank Koestler-Push Inflation The IMF and World Bank spring meetings are about to kick off, where those who pay no income tax get to talk about tax evasion, tax hikes, inequality, and Building Back Better. US Treasury Secretary Yellen will use the platform to push for a global standardization - upwards - of corporate tax rates. National Security Advisor Sulli...

by Tyler Durden By Michael Every of Rabobank He Believes Anything Friday’s US payrolls report surprised to the upside, with 916K job gains vs. 660K expected, suggesting hopes for a Great Reflation. This was before new stimulus had passed, or even newer stimulus had been floated, which is likely to see some worry about inflation overshooting. More so given supply-china squeezes, Miley Cyrus giving away $1m in stonks to encourage stonk-trading, and someone paying $660,000 for an unopened 1996 c...

Expand Alibaba Browser Pulled From Chinas App Stores As Xi Warns Tech Giants Pose "Risks" To CCP Control by Tyler Durden Tuesday, Mar 16, 2021 - 09:45 PM Months after Beijings crackdown on Chinas tech behemoths like Alibaba and Tencent unofficially commenced with the scuttling of Ant Groups domestic IPO (what would have been the biggest corporate debut yet on the officially Communist nations public markets), President Xi finally spoke out about the campaign, suggesting that its only just gettin...

By Reuters Staff 5 Min Read (Reuters) - Investors are laser-focused on Federal Reserve Chair Jerome Powell on Wednesday and crucially the bond market’s reaction to the central bank’s policy-setting committee meeting, with benchmark U.S. Treasury yields at 13-month highs. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie Federal Reserve officials are due to issue new economic projections on Wednesday, with an upgrade to GDP gr...

by Tyler Durden By Michael Every of Rabobank The Fed-dy Bears Picnic If you go down in the bonds today; Youd better go in disguise! For every bear that ever there was will gather there for certain Because todays the day the Fed-dy Bears have their picnic Picnic time for Fed-dy Bears; The little Fed-dy Bears are having a lovely time today Watch them, catch them unawares; And see them picnic on their holiday See them gaily gad about; They love to play and shout; They never have any cares At 6 oc...

by Tyler Durden By Michael Every of Rabobank Joining and not joining the dots Today is the start of the critical two-day Fed meeting. As out Fed-watcher Philip Marey reiterates in his latest preview note (see here), we can expect jawboning tomorrow; and if that fails to work we can expect a shift in asset purchases (“ Operation Twist and Shout” as I will keep dubbing it despite it not catching on); and if that fails to work then we are counting down the clock to yield curve control. And if ...

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

by Tyler Durden Tuesday, Mar 16, 2021 - 04:44 AM Last week in his latest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&P 500 has been pulled lower (due to Nasdaq underperformance coupled with strength in value stocks) and is now right on its dot com bubble peak levels. Picking up on this chart, over the weekend in his latest Bear Traps Report, Larry McDonald wrote that " we are sitting on an incredibly important turning point" ...