"Damage Done Already" - Oil May Take Year To Normalize: Adam Parker

After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position Michael Burry has exited his position in GameStop Corp., saying the retailer’s reported bid for eBay Inc. changed the investment case, according to Bloomberg. In a Monday post to his Substack subscribers, Burry said a potential $56 billion cash-and-stock acquisition would likely require too much debt and no longer aligned with his original thesis for GameStop. He had previously backed the company in 2019, a move that helped spark investor enthusiasm around the stock. Burry wrote: “Wall Street does indeed mistake...

Comfortably Bomb By Michael Every of Rabobank Hormuz update: Comfortably Bomb Summary The US-Iran MoU appears to have collapsed sooner than we had thought. With both sides striking the other, US efforts will turn to ensuring energy can flow through Hormuz ‘the hard way’ via escorting ships through it. For now, markets are saying the US can ‘comfortably bomb’ and ‘there is no pain’ even if the ‘MoU are receding’, mostly due to finite SPR drains and low Chinese oil imports. That gives the US a window for action: if it can...

It’s not hyperbole to say that America is broken; badly broken. The hope that Donald Trump would put America on the right path has also been broken. Yet another Middle East war is the very last thing that our nation needed. With each passing moment, the costs are mounting. How much can the American people, […] The post Counting The Costs: Another War Is Not What America Needed appeared first on LewRockwell.