Notes today 

• Egypt: Sisi government raises price raises price of subsidized bread by 300 percent. 

• Concern is mounting that funding the US deficit will drive yields higher. 

• Bloomberg: BYD unveiled a hybrid powertrain able to go more than 2,000 kilometers without recharging or refueling—the equivalent of New York to Miami. Its Seal 06 model will be among the first to offer the system. 

• Nvidia is now worth $2.8tn after the recent rally, a whole $300bn more than the German stock market.
• What was the last German product becoming a worldwide success story? 

• Coca Cola serves more than 1.9 billion drinks per day. So, if KO were to add a penny to the price per drink – it would raise pretax earnings by some 2 billion.
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• Migratory freshwater fish populations ‘down by more than 80% since 1970’down by more than 80% since 1970’

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

• German stocks are now worth less than Nvidia. 
• Germany's stock market value is just $2.5tn, Nvidia's value is $2.62tn. This week, Nvidia has gained $348bn in value, the combined value of traditional co's Siemens, Deutsche Telekom, and Mercedes...

• The next industrial revolution has begun said Jensen Huang, founder and CEO ...

 

Notes today

•  Silver is limit up in China .. and $1.2 in US

• Russian court seizes millions of euros worth of German bank assets . 

• As the insects they eat vanish, the UK populations of birds like swallows + swifts have crashed by 40% or more in just a decade. 

• Bloomberg reports that 42% of those with household income of over $100,000 report being 'behind or delinquent' on 'Buy Now, Pay Later' payments 

• The 112°F heat index at 3pm in #Miami breaks the previous daily record by 11°F and the monthly record by 6°F.  It's tied for the 3rd-highest heat index ever recorded in Miami:

114° - Aug 9, 2023

113° - Aug 8, 2023

112° - Jul 3, 2021

112° - May 18, 2024

111° - Jul 22, 2023 

• Did you hear the one about how Ron DeSantis solved climate change in Florida? | Opinion
• Read more.Read more.

• China's selling of US paper. Wonder why? 
• Three guesses. 

 

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

 

Thoughts about silver:

•  It is at three year high
• According to the  silver institute 2024 survey, world silver supply is forecast to post a 6^th year global supply deficit.
• The 2024 deficit being 265 million oz.
• Amounting to more than 1 billion oz over the past six years.
• The gold-to-silver ratio in the earth's crust is about 1:19.
• (now, just for giggles, dividing $2461 gold by 19 = $129)
•  Ratio

• Silver

• Btw, Copper above $5

1.   

• Intersting Chart from Jefferson Lab and Silver Bullion

• You want to seriously giggle some more? do a copper price silver price division using above data.

Notes today

•  Russian 10-Year Yield
• 

• US to send $1bn more in weapons and ammo to Israel.

•  Copper
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• The ECB is very likely to start cutting interest rates at its next policy meeting in June, says Bank of France Governor Francois Villeroy de Galhau 

• Soth Africa's Jobless rate
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• What the herd hates the most is the one who thinks differently. It is not so much the opinion itself, as the audacity of wanting to think for themselves. Schopenhauer

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

     Later

Notes today

US fertillity rate

 

• Google, aka Alphabet, said growth in its ‘once-in-a-generation’ AI opportunity, has raised Q1 revenue that exceeded analysts’ expectations. 
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• Almost a quarter of Austin (TX) commercial office space is vacant. Austin has been going so strong for so long that the tide was bound to turn.
• Oracle ORCL has unveiled plans to move its headquarters again, this time to Nashville, Tenn., to be closer to companies in the healthcare industry.

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny 

Notes today

• 33 named storms. University of Pennsylvania EES scientists Dr. Michael E. Mann and Shannon Christiansen, and Penn State ESSC alumnus Dr. Michael Kozar have released their seasonal prediction for the 2024 North Atlantic hurricane season, which officially starts on 1 June and runs through 30 November. The prediction is for 33.1 +/- 5.8 total named tropical cyclones, which corresponds to a range between 27 and 39 storms, with a best estimate of 33 named storms.
• Climate Change Is Coming For Your Insurance

• Reuters: US requires bird flu tests for dairy cattle moving between states..

• Biden signs a $95 billion war aid for Ukraine, "Israel" and Taiwan. 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

Economist: China University Graduates

 

Notes today

• Israel received its first-ever sovereign downgrade as S&P Global Ratings lowered its credit rating to A+ from AA- on heightened geopolitical risks for the region.

• “Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”

― Albert Einstein

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

Notes today 

• Good news: Murder rates declining

• Reports suggest that the Israeli war cabinet has made a decision to launch an attack on Iran tonight. 

• Prices of aluminum, copper and nickel may increase after the London Metal Exchange responded to new US and UK sanctions by banning deliveries of any Russian supplies produced after midnight on Friday. 
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• Pawnshops:  the number of people coming in selling and pawning gold jewelry is more than three times above normal levels since prices started to rally in late February. 
• 
  
  
  

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

Please Take the Threat of a Fiscal Breakdown Seriously

The trajectory of US government borrowing is unsustainable.

Notes today

• Bloomberg: A record-sized bullish bet on interest-rate futures that was made hours before Wednesday’s US inflation report blew up in spectacular fashion after a stronger-than-expected reading triggered a market rout. 

• Costco: A Wells Fargo analyst recently estimated that that the company could be selling $200 million of gold and silver each month.
• Costco: 1 once gold bars are selling out within a few hours.

• E-commerce same-store sales once again grew by double-digits, up 28.3% YoY

• Bloomberg:  The average premium for US homeowners’ insurance is expected to hit $2,522 this year — and $11,759 in Florida.

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

Cartoon of the day:

Southwest Airlines “Boeing” 737-800 flight headed to Houston had to make emergency landing at the Denver International Airport after the engine cover seemingly 'tore away' during takeoff.

Time for a nap.

Scientists are finding that anti-obesity medicines can also help treat dozens of other diseases

Notes today

•  “A class of chemicals commonly used in plastic food containers and cosmetic products may have caused about 10 percent of the United States’ preterm births in 2018.” 

• A global report from air monitoring firm IQAir, published last week, found that a stunning 83 of the 100 worst polluted cities in the world are in India, with Delhi named as the most polluted capital city having averaged a PM2.5 of 102.1 µg/m3 in 2023.

• Copper discoveries 

 “It's a little embarrassing that after 45 years of research & study, the best advice I can give people is to be a little kinder to each other.” - Aldous Huxley 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

 

 

Quick Overview is up to date

Notes today

• Japan top currency diplomat Kanda says yen weakness doesn't reflect fundamentals.

• China blocks use of Intel and AMD chips in government computers, FT reports. 

• Finland retains its position as the world's "happiest country" for the seventh year, with the US falling outside the top 20 for the first time. 

• Economist: American antitrust authorities have begun their broadest suit yet against Apple, alleging that the firm has abused its position in the smartphone market to stifle competition and innovation. 

• The richest 1% of India's population now own 40% of the country’s wealth, a study found. 

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

Notes today: 

• Federal Reserve policymakers are largely sticking to their path of interest-rate cuts — for now — after hitting a bump on the road to low and steady inflation. 
• All time highs: Dow, S&P, Nasdaq..

• Former UK defence minister Ben Wallace has said British troops in Ukraine cannot be ruled out @BWallaceMP

• 
  
  Chuck Grassley, age 91, is urging the GOP to vote against term limits. 

 

“It is forbidden to kill; therefore all murderers are punished unless they kill in large numbers and to the sound of trumpets.” - Voltaire

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

 

Notes today:

• Japan Ends the World’s Last Negative Rates Regime..

• China reported stronger industrial activity than expected, with production up by 7% YoY in January and February - fastest rate in two years. 

• Bloomberg: The car’s most extraordinary feature, though, is its $9,698 price tag. That undercuts the average price of an American EV by more than $50,000 and is only a little more than a high-end Vespa scooter. 

• 20 years from now the only people that will remember that you worked late are your kids. 

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

Checking out rocks.

 

Quick Overview is up to date

 

Bearish Yen Bets