{"id":56718,"date":"2021-02-10T09:58:43","date_gmt":"2021-02-10T14:58:43","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56718"},"modified":"2021-02-10T10:43:29","modified_gmt":"2021-02-10T15:43:29","slug":"rabobank-the-everything-bubble-has-become-more-everything-and-more-bubble","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56718","title":{"rendered":"Rabobank: The Everything Bubble Has Become More Everything And More Bubble"},"content":{"rendered":"<header class=\"ArticleFull_header__11o5_\">\n<h3 class=\"ArticleFull_title__2cUI6\"><a href=\"https:\/\/www.zerohedge.com\/markets\/rabobank-everything-bubble-has-become-more-everything-and-more-bubble\">Rabobank: The Everything Bubble Has Become More Everything And More Bubble<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p><strong>Oh-No-Bi-Wan Kenobi<\/strong><\/p>\n<p>For those who haven\u2019t seen it &#8211;and I accept there are now probably many readers who haven\u2019t&#8211; there is a classic scene in the first Star Wars film (Episode IV) in which Jedi Master Obi-Wan Kenobi tells his villainous duelling opponent, his former apprentice, Darth Vader: \u201c<em>You can\u2019t win, Darth. If you strike me down, I will become more powerful than you can possible imagine.<\/em>\u201d Darth being Darth of course strikes him down: and Kenobi disappears entirely, leaving only his outer garment (but no shoes or underpants, etc.). So it looks like Darth has won the fight. Except Kenobi goes on to become an immortal \u2018Force ghost\u2019, who like a happier Banquo, helps guide Darth\u2019s son to blow up the mega battle-station he has until then been prowling up and down menacingly.<\/p>\n<p>We are less than a month into the Biden administration, and despite a slight down-day for stocks on Tuesday,\u00a0<strong>it is quite clear, according to a slew of commentators, that the Everything Bubble has become more Everything and more Bubble<\/strong>. The Federal Reserve and other global central banks are still pouring their fully operational firepower into the economy, fully aware that little of this flows to productive assets or wages, and most of it to speculation: but when financial\/asset speculation IS most of the \u2018economy\u2019, that looks like victory to them. Indeed, doesn\u2019t it feel like victory to those who speak Bloombergian? There is more money than ever; a major global airline has decided you don\u2019t have to wear masks in business or first class on long-haul flights; and the luxury Maldives is seeing record hotel occupancy!<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rabobank: The Everything Bubble Has Become More Everything And More Bubble Oh-No-Bi-Wan Kenobi For those who haven\u2019t seen it &#8211;and I accept there are now probably many readers who haven\u2019t&#8211; there is a classic scene in the first Star Wars film (Episode IV) in which Jedi Master Obi-Wan Kenobi tells his villainous duelling opponent, his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[17853,303,2326,1320,24135,24136,1234,827,3650,4318],"class_list":["post-56718","post","type-post","status-publish","format-standard","hentry","category-economics","tag-everything-bubble","tag-fed","tag-government-stimulus","tag-joe-biden","tag-michael-every","tag-rabobank","tag-stimulus","tag-united-states","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56718"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56718\/revisions"}],"predecessor-version":[{"id":56719,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56718\/revisions\/56719"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}