JPMORGAN: “Europe has moved rapidly and effectively to reduce its reliance on Russian gas, and .. could end its dependency by mid-2024. Earlier commentary had suggested that this might not be possible until 2027 or even for as long as 7 to 10 years.”

(1/2) #OOTT
2.

“Moreover, Russia has already used its ‘trump-card’ in shutting off supplies through the Nord Stream 1 (NS1) and Yamal pipelines, and therefore has limited leverage on developments ahead.” - JPMorgan

(2/2) #ukraine

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More from @carlquintanilla

Sep 13
Happy 19th birthday to "Lost in Translation," which had its US premiere today in 2003.

Sofia Coppola once talked about chasing down Bill Murray for the role -- to no avail. She finally begged Al Pacino for help.

(via @AmericanFilm)
2.

The Suntory sequence was based on a real advertising shoot that Coppola’s father once did with Akira Kurosawa.

“That was a real photographer,” Sofia said. “And Bill improvised that entire scene.”

3.

“There was a lot of throwing stuff at Bill and watching him respond. .. Also, I love to see him sing. Karaoke is always fun in Tokyo and I knew he’d be up to the task.”

Read 4 tweets
May 10
“.. it is heartening to see the bond market’s one-year forward inflation expectation fall below 5% and the two-year expectation drop slightly below 4%. Those declines are some of the strongest evidence that overall inflation has peaked ..” - @LeutholdGroup [Paulsen] Image
2.

Short-term yields “are no longer leading the 10-year yield higher .. is this signaling the 10-year yield is also likely to soon terminate its recent rout?” - @LeutholdGroup Image
3.

“.. the collapse of industrial commodity prices has occurred only since April 21st, and perhaps many bond investors haven’t fully discounted the meaning of that shift.” Image
Read 4 tweets
Apr 28
“.. the U.S. Inflation Surprise Index has recently dropped by the largest amount yet in this recovery .. a strong signal the inflation rate is likely nearing a peak.” @LeutholdGroup

(1/x) Image
“.. in the last five months, the labor supply has surged at a 4.2% annualized pace!” @LeutholdGroup

(2/x) Image
“.. very heartening that [shipping] rates, of late, have fallen by a larger amount than any other time in this recovery.”

@LeutholdGroup

(3/x) Image
Read 5 tweets
Feb 16
JANUS HENDERSON: “Hints of Inflation Relief”

“.. Year-on-year headline and core CPI inflation rates rose further in January, to 7.5% and 6.0% respectively, but six-month momentum remained below peaks reached in July-August.” Image
“A recent fall in car / truck rental rates may be a harbinger.”

(2/x) Image
“.. six-month growth of broad money has returned to its pre-pandemic pace ..”

(3/x) Image
Read 4 tweets
Feb 16
The #1 reason for the trucker shortage, according to a Wells Fargo conference call: marijuana testing.

$MSOS
(2/2)

Wages will stay elevated because, for the worker, changing jobs has never been easier — thanks to technology and the erosion of workplace culture.
On the Wells Fargo conference call, a staffing consultant says: “We're not seeing anybody that's getting a 5% raise. We're seeing 10, 15, 20, 30, 50%+ increases ..”

(3/3)
Read 4 tweets
Feb 15
“Silence of the Lambs” premieres in wide release 31 years ago today. [2/14/91]

Lecter’s intro. One of the all-time great character entrances. Except it’s Clarice (and the viewer) who enter. Not him.

A quick thread: (1/x)
(2/x)

“I was was madly in love with close-ups because I’m madly in love with actors,” said director Jonathan Demme. “And a basic premise of [‘Silence’] is the story about two people, fighting their way into each other’s heads. We just went for it.”

(3/x)

Demme loved having his characters break the fourth wall, staring into camera. He did it in “Philadelphia” and “Married to the Mob.”

There’s even a video essay about the “Demme close-up.”

Read 10 tweets

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