Global Macro Watch – Octoberfest

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Saint Bono

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Global Macro Watch

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The Fall Classic: Mr. October And Me

We are reposting a piece as the Fall Classic begins tonight.  Go Houston.  I love Astro manager, Dusty Baker, who was more than a big brother to me as a young teen.  I believe this is his year!

Mr. October And Me

Ahh, the Fall Classic!

We’re not talking about October stock market corrections but the World Series!   The Boston Red Sox and Los Angeles Dodgers square off tonight to begin the 114th October Classic.

Reggie_3

The last time the two teams met was in 1916 when the Dodgers were test driving a new nickname, the “Robins.”   The Red Sox beat Brooklyn four games to one.  Casey Stengel starred for the Robins, and Babe Ruth pitched thirteen shutout innings after giving up a run in the first inning to win the fourteen-inning game two.  The winning players share (World Series bonus) was $3,910 ($87,500 in 2018 dollars) versus the last year’s Astros’ player share of  $438,901.

Mr. October

No baseball player is more synonymous with the World Series than Mr. October himself, Reggie Jackson.

Reggie_2

Jackson earned the nickname “Mr. October” with his performance in Game 6 of the 1977 World Series against the Los Angeles Dodgers. Down 3-2 in the fourth inning, the Yankees outfielder hit a two-run home run and did the exact same thing in the fifth inning. Then in the eighth, he hit another home run to put the Yankees up 8-3. His performance secured the win and the series for New York.
Athlon Sports

Reggie and Me

I have truly lived a Walter Mitty life.

The first twenty-five years of my life was baseball, 24/7, an obsession that almost compares to today’s techno-addicted youth.

My baseball career ended due to an injury, but also mainly the lack of emotional maturity and the ability to pull out of an ugly hitting slump.  Nothing worse for your confidence than cruising along during the season hitting .350, then to fall into a 2-for-50 tailspin.  Then comes the vicious circle thinking you will never get another hit.  Ironically, baseball players can fail 70 percent of the time, and still hit .300, making  it to the Hall of Fame.

It’s very similar to what happens to your psyche and P&L, trying to trade crude oil and natural gas against the ‘bots.  You gotta shake off the bad ones and move on.   I could’ve been somebody, damn it!

I did have a headstart in baseball as a young teen working with the Los Angeles Dodgers, first as a batboy, then batting practice pitcher, and adjunct bullpen catcher.  Later, I would spend some time with the Atlanta Braves and Oakland A’s.

I caught Tommy John (TJ) — the real one, who had the surgery named for him – for almost the entire season he was out before his remarkable comeback.  He could barely extend his hand after the surgery but refused to give up.  I would try to hide in the outfield before games but would soon hear Red Adams, the Dodgers pitching coach, calling me to come to the bullpen.

TJ was very wild when he first started on the comeback trail, bouncing curveballs in the dirt, which too often ended up smacking me in the family jewels.  It was a painful year, and it’s  amazing that I could still have children. Tommy John is one of the greatest human beings ever.

Reggie

One winter or spring during the off-season, can’t recall,  I get a call from my boss to come to Dodger Stadium for a few days as Reggie Jackson was going to film a television commercial.  He said the production company might need a pitcher or catcher and I should be around to help Reggie around the clubhouse and stadium.

I wasn’t in the union so being in the commercial was out.

Over the next three days,  Reggie and I became very close.  He treated me like I was his little brother.  Reggie had this larger than life image, with a reputation for a larger than life ego.

…it all flows from me. I’m the straw that stirs the drink – Reggie Jackson,  Sports Illustrated, May 1977

He took a lot of heat for that quote, and still denies it,  and I certainly didn’t see the Reggie ego the media often portrayed.   He was super kind, friendly, down to earth, always made time for you, and was just a great guy to hang out with.  He made you feel comfortable and not conscious you were in the presence of one of baseball’s greatest stars.  It was very much like a good day hanging with your big brother.

Self-centered egomaniacs don’t treat the little people like that.

One thing that really stood out over our three days together was how Reggie spoke.  He sounded like an university professor, very intelligent,    Later I found out he has an IQ of 160, the same as Steven Hawking!   That is genius zip code.

Pumas  

What really sealed the deal was when Reggie finished filming and was about to leave.  He handed me a piece of paper with an address and phone number:

22 Yankee Hill
Oakland, Ca
(415) xxx-xxxx

He said when I was in the Bay Area; I would never stay in a hotel but with him.   I believe that house burnt down in the 1991 Oakland Hills fire.

He then asked for my shoe size and address.  We shook hands and parted ways.

About a week later five boxes of Puma tennis shoes came in the mail.  Thank you,  Reggie!

Baltimore Orioles

The next season,  the A’s traded Reggie to the Baltimore Orioles as a rental.  He was playing out his option and Charles Finley, the A’s owner, would never pay Reggie’s new market rate.

Reggie

My little brother idolized Reggie, so when the O’s were in town, I took him to a game.  After the game,  I went down to the dugout to say hi as Reggie trotted in from the outfield.  He invited me into the clubhouse.  I asked Reg if my little brother could accompany me.  He said absolutely.

I had told Reggie about my brother, and when we get into the clubhouse, he points to his locker and says,  “Geoff, anything, take anything you want. My uniform, glove, anything.”   Big egos and the self-absorbed don’t treat little people like this.

I love Reggie Jackson.

Pete Rose

Pete Rose was the same way, by the way.  Always thinking and caring about the little guy.

The commish of baseball,  Bart Giamatti, my favorite actor’s father,  died just eight days after banishing Charlie Hustle from baseball.   Just sayin’.

Let’s play ball.   Dodgers in six.

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Friday CK Chart Fest – October 28th

G7 Debt Service

Various Inflation Measures

Inflation In The Euro Area

Natural Gas Prices In Europe

Euro Area Economic Outlook

European Average Annual Wage

Europe’s Oil Dependency

U.S. Energy Shipments

China’s Crude Oil Imports

China’s Brain War

China’s Big Lead in EV Charging Stations 

Losses At The Federal Reserve

Chip Supply Chain

Taiwan’s Dominance In Semiconductors

The Global Semi Supply Chain

Office Occupancy By Day Of The Week

Gas Prices Drive Confidence

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Hero Of The Day

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Trick Or Treat: Candy Inflation Rages

I’m glad my daughters are all grown up. 

No doubt kids will be disappointed this Halloween as they empty their candy bags after a night of trick or treating and find their packages of M&Ms have shrunk precipitously, from around 22 pieces to, say, 15,  as candy companies try and hide inflation with shrinkflation

Can’t you hear the wailing next Monday night?

Mom, Dad, who shrunk my Kit Kat bar?!!!!

Check out the spike in candy prices.  Try ‘splaining “transitory” to a 7-year-old.  Good luck with that. 

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Global Macro Watch – October 21

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Friday CK Chart Fest – October 21st

U.S. FY2022 Budget Deficit Cut In Half

Interest Payments On National Debt

Spiking U.S. 10-Year Bond Yields

German 10-Year Yield At Decade High

Euro Sovereign Spreads

Euro Sovereign Debt Levels

Latin Central Banks Lead Tightening Cycle

Peak Semiconductor Lead Times?

Diesel Supply Hits Multi-Year Lows 

Ocean Freight Rates Tanking 

Russia’s Demographic Disaster 

Rise Of Grid Scale Batteries

Rich Kids Move To The Big Apple

Where Teachers Use Paddles

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Why Generalists Now Beat Specialists | Big Think

Must view, folks.  So apropos to trading and investing, where one must be, all in one, an economist, financial analyst, historian, mathematician, political scientist, sociologist, futurist, and old testament  prophet.

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