by Tyler Durden
By Michael Every of Rabobank
Finite and Infinite Great Games
Spending time on social media is a great way to pollute one’s mind with ill-informed idiocy, bile, narcissism, and the most trivial of all trivia - which is why we all spend so much time doing it. However, it does also offer the occasional diamond in the rough as a platform for some genuinely interesting discussions.
Yesterday, I watched Bret Weinstein’s ‘Dark Horse’, where Jamie Wheal pronounced that from an American perspective
what we are currently experiencing is a “meaning recession”. To summarize his argument, for most of mankind’s history, the social order was fixed, with power centered on religious authorities: this offered “salvation” at the price of “inclusion”. Following the Enlightenment, Western society shifted to secular, rational, humanist foundations that offered a level playing field of “inclusion” in theory at the price of public “salvation”. Yet We
Futures rebound from overnight rout with all eyes on Powell speech (SPY +0.1%). Weekly jobless claims rise less than expected despite weather impact.
Here is the current market situation from CNN Money
European markets are mixed. The CAC 40 is higher by 0.35%, while the FTSE 100 is leading the DAX lower. They are down 0.54% and 0.22% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The $1 Trillion Electric Vehicle Boom Is Just Getting Started In 1894, chemist Pedro Salom probably never imagined hed start what could soon become a $912 billion industry. His creation the Electrobat was unlike anything others had seen at that time Or would again see for nearly another century. But where the Electrobat, the worlds first electric vehicle, could only run for 25 miles on one charge, at just 20 MPH The EVs of 2021 are expected to have a range of over 500 miles. Thats like driving from New York City to Raleigh, NC. without stopping to fill your tank
Rabo: There Is A Lot More Happening Than Just Movement In 10-Year Yields zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.