NFPs came in hot as fuck at 678k new jobs for February, reducing unemployment to 3.8%. Fed’s Evans says we’ll need to hike 25bps at every meeting for the foreseeable future. No one give a fuck, as the US 10yr sinks this morning 8bps to 1.76%.
NASDAQ Futs are -140, following an overly dramatic evening of Russia bombing a nuclear power plant. Calls for a no fly zone are still being rejected at NATO, but there are headwinds of a most significant varietal. Before I get to the news, just know commodities are soaring across the board again with WTI +4%, Nickel +10% and every single thing that contributes to inflation getting worse.
As for the news. Here goes.
2x ??USAF B-52H Stratofortress long-range strategic bombers airborne over Romania ?? pic.twitter.com/v4xgHXUo4K
— C O U P S U R E (@COUPSURE) March 4, 2022
PRESIDENT ZELENSKIY OF UKRAINE WILL NOT MAKE ANY CONCESSIONS THAT WILL EMBARRASS UKRAINIANS IN THEIR FIGHT FOR TERRITORIAL INTEGRITY, ACCORDING TO A PRESIDENTIAL ADVISER.
NORD STREAM 2 HAS FILED FOR INSOLVENCY – TASS
UKRAINIAN PRESIDENTIAL ADVISOR: WE WILL NOT ANNOUNCE THE DATE AND TIME OF UPCOMING TALKS WITH RUSSIA IN ADVANCE.
EU OFFICIALS LOOKING AT SUSPENDING RUSSIA’S IMF VOTING RIGHTS, ACCESS TO SDR CURRENCY – SOURCES
The British government will soon put forward proposals to stop Russian oligarchs using its court system to sue those seeking to shine a light on corruption, Deputy Prime Minister Dominic Raab said on Friday
US embassy in Ukraine says it is a ‘war crime to attack a nuclear power plant’ and says Putin’s ‘reign of terror’ has been taken one step further.
RUSSIA CALLS ON NATIONS TO “NORMALIZE RELATIONS” WITH THEM
NATO’S STOLTENBERG: ALLIES AGREE THAT THERE SHOULD BE NO NATO PLANES OR TROOPS IN UKRAINIAN AIRSPACE OR ON UKRAINIAN SOIL.
NATO has decided to increase information sharing with Finland and Sweden
Nato is “ready for a conflict” if needed, the US Secretary of State Antony Blinken has warned.
“Nato is a defensive alliance. We don’t want conflict. But if the conflict comes to us, we are ready for it.
“We will protect every inch of Nato territory”
Russia’s lower house of parliament unanimously passed legislation imposing 15-year prison sentences for “fake news” about Russia’s military
Prime Minister of Lithuania says calls for NATO no-fly zone in Ukraine are ‘irresponsible’
And here’s some humor, courtesy of the great nation of India.
INDIAN TV IS WILD. WATCH TILL THE END
pic.twitter.com/5jYK4KMJGY— The_Real_Fly (@The_Real_Fly) March 4, 2022
Good morning.
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With apologies to Bob Dylan, the times they are un-changing.
The Director of Chyron at that station is now looking for work.
God damn circus
According to Hayes:
“6%, then 5%, then 2% — every decade, the level at which the financial markets buckle under positive and rising nominal rates declines. Given that systemic debt and leverage exploded globally after COVID due to low to negative rates and a need to generate yield, I don’t think the global financial markets can handle nominal rates even at 2%.”
With inflation accelerating, even 1% may be more than financial markets can handle.
There will be no real effort to resolve this “conflict” until after the midterm elections.
Unless a nuclear “mishap” occurs.