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Thursday, March 31, 2022

First Quarter Closes Out -- March 31, 2022

Jobless claims:

  • weekly
    • remain at 50-year lows, but rose "modestly"
    • 202,000 vs 196,000 expected
    • 188,000 previous week -- lowest level since September, 1969
  • continuing claims
    • 1.307 million vs 1.340 million expected

Insulin: US House votes to cap price. About time. True travesty. 

  • Senator Joe Manchin clearly on wrong side on this one. 
  • opponents call it government price fixing. 
  • my suggestion: release one million doses daily from the insulin strategic reserve for the next six months. 

Amazon: sticks with Jamie Dimon, JPMorgan after flirting with AMEX.

Open book test: Walgreen's beats earnings expectations; omicron-fueled demand for tests, boosters.

Putin's War: head fake. Those who thought Putin was withdrawing ... never mind.

  • ruble: has recovered most of its losses 
    • following the ruble and ignoring the bigger picture
    • having said that, Russia likely to "miss" it's April 4, 2022, debt payment
    • I'm sticking with Zeihan.

Nord Stream 2:

  • $11 billion to build;
  • now unused and abandoned.

The "slap":

  • Smith Will facing suspension, expulsion from the Academy;
  • my hunch: a one-year suspension
  • Chris Rock: ticket prices soaring; he's coming out looking pretty nifty

Augusta, next weekend:

  • Tiger?

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