Monetary Each day Dose 4.7.2021 | Prime Story: IMF Boosts Financial Progress Projections However Warns of Uneven Put up-Pandemic Restoration | Robins Kaplan LLP

Although the IMF raised forecasts for macroeconomic growth over the next two years, it warned this week that “uneven vaccine adoption” threatens to heighten concerns about a “K-shaped” economic recovery at the global level. Or rather, “While many wealthy nations face major economic expansion this year, other nations’ struggles could undo decades of progress in fighting poverty” – NYTimes and Marketplace and Bloomberg

JPMorgan CEO Jamie Dimon agrees with the forecast of the boom times. In his long annual letter to shareholders released this morning, Dimon suggests that the combination of “excessive savings, deficit spending, vaccinations” and “euphoria” could create years of economic prosperity in the US at the end of the pandemic – NYTimes and WSJ and Bloomberg

Following a banner on Monday, stocks slipped yesterday – WSJ and MarketWatch

Speaking of slips, more about the already terrible year 2021 for Credit Suisse after the collapse of Greensill Capital and Archegos Capital Mgmt within a few weeks. The bank has hit both of them hard and is in the unenviable position of struggling mightily “in an era of prosperity for investment banks” – Bloomberg and NYTimes

Part of my childhood (and maybe yours?) Gets full treatment from 2021 when it becomes known that the Topps trading card company “goes public by teaming up with a blank check company to get the $ 1.3 billion company Valuation of US Dollars ”- NYTimes and WSJ and Law360

Trade groups representing small businesses are forming “a national coalition to lobby for stricter antitrust laws” to get Amazon to “outsource some of its businesses” – WSJ and Marketplace

Wisk Aero, an electric aircraft startup backed by Google co-founder Larry Page, has accused rival startup Archer Aviation of “stealing trade secrets and infringing Wisk’s patents” – NYTimes and TechCrunch

The Irish Data Protection Commission – the EU’s “leading data protection regulator” for Facebook – is investigating whether “a recent leak of 533 million personal data from users – including phone numbers and locations – contains evidence that the social media company is breaking the rules has violated the disclosure of data protection violations ”Commissioned by the GDPR. Facebook has argued that the data was deleted before the Blockbuster Data Protection Act went into effect, but newly released data seems to suggest otherwise – Law360

As part of GM’s drive to go fully electric by 2035, the automaker will launch an electric version of its Chevy Silverado pickup truck with a planned charge capacity of 400 miles / charge, which matches its current range per tank – WSJ and Mashable

Some Hollywood economic intrigue for us, with the SEC accusing actor Zachary Horwitz (aka Zach Avery) and his company 1inMM Capital LLC of running a $ 690 million Ponzi program based on fake deals to make movies for sale to Netflix and HBO – Bloomberg

Enjoy last week’s public debt treatment tonight, including the shutdown you didn’t know needed a watch that was next to no watch – HBO

Stay safe.