Global Strategist at Rabobank — "Mr. de-globalization": geopolitics, economic statecraft and neo-mercantilism read as one system. Almost no single-name stock views; the substance is macro.
Every works at the level of states, supply chains and payment systems — he gives essentially no single-stock views, so this index is deliberately sparse (commodities appear where he rates them). The substance lives in each appearance's talking points and feeds the master macro viewpoints.
Copper — the grid-buildout metal: renewables at national scale need "an awful lot more copper" for the extra transmission layers, and commodities broadly are "a good place to be" in a zero-sum neo-mercantilist rearming world — but only tied to real use, not hoarded or rehypothecated.
In one line: The disparate headlines — a Treasury "operation twist", the Genius/Clarity Act stablecoin build-out, total economic war on Iran, the Venezuela pivot, a space executive order — are one plan: economic statecraft aimed at neo-mercantilism, using financial mechanisms ("financial warcraft") to secure physical supply and bifurcate the world into with-us-or-against-us camps, because physical constraints now bind harder than financial ones.
Economic statecraft is the correct frame, not "mercantilism". Statecraft = using every instrument of state together towards an economic goal. Mercantilism = running a surplus to stockpile gold; neo-mercantilism = using the state with the private sector to run a surplus for more physical production. America is aiming at neo-mercantilism but isn't there yet — it still runs a large trade deficit.
"Special military operation twist." Bessent's buybacks of off-the-run long bonds funded by more T-bill issuance, plus engineered stablecoin demand for T-bills, shift issuance to the short end — "spiritually aligned" with yield curve control. Its real function is to remove the Treasury market's veto over what Washington does militarily, and to make foreign policy cheaper to fund.
Stablecoins are geopolitics, not fintech. "A digital IOU backed by US debt held in the US." Adopt them and you're in the US monetary camp; refuse and market access is on the table. They also allow a split global-vs-domestic dollar interest rate, a petrodollar → "petro-stablecoin" pivot, and a "third dimension" to the balance of payments where imports are paid for with a token while the T-bill never leaves the US.
Physical constraints beat financial constraints. The shortage is refined product/diesel, not crude — hence the Venezuela pivot (the US now takes ~half its production) as a feedstock move. Grid rebuilds and renewables at scale mean "an awful lot more copper." "What is GDP for?" — and if you ask that, you must ask "what is finance for": finance is "an important appendage, but it's not the dog."
Everyone's shirt is dirty. ECB peripheral-bond buying, the BOJ owning nearly all JGB issuance, the BoE in gilts, the PBOC everywhere — dollar critics audit one shirt and never hold up the others.
Simultaneous escalation is the tail risk to price. Iran squeezed to a survival economy (~100% inflation, collapsing currency) with US military action likely after the midterms — but Iran may escalate first; alongside whispers of North Korean troops in Ukraine, Russian post-Duma mobilization, and an Article-5 "foot over the line" probe. If one front escalates, all of them escalating together maximizes pressure on the Western system.
Net: marginally more optimistic on the US. "America has a better chance of prevailing and coming out stronger than it does collapsing" — and if it stumbles, no other constellation steps forward. The pre-Trump world "was an accident waiting to happen… maybe we build a more crash proof car." Themes: commodities tied to actual use, the T-bill/stablecoin demand argument, and violent two-way dollar volatility.
The product — Rabobank research, LinkedIn and X
What it is: Every is a sell-side Global Strategist at Rabobank, not a retail publisher — there is no subscription to buy. His full research sits behind the bank's client portal; the free layer is LinkedIn, a very active X account, and long-form podcast/YouTube appearances like this one.
From his own description in the appearances archived here (so far: 2026-AUG-27).
Offering
What it is
How he runs it
Seen in the index
Rabobank research (client-only)
His work "in its totality" on Rabobank's knowledge portal.
"You do have to be one of our clients" — institutional distribution; nothing retail-facing.
— (macro talking points)
LinkedIn (free)
A subset of the published research.
"You can find some of my work on LinkedIn."
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X / @TheMichaelEvery (free)
The running daily conversation where ideas surface first.
"I like to continue the conversation on X… come and join the conversation." The host notes an idea appears there early, then gets fleshed out over days until it ties into everything else.
—
Podcast / YouTube appearances (free)
Long-form 30,000-ft syntheses like this two-hour Thoughtful Money conversation.
Explicitly does not give financial recommendations — the host has to ask each time for "themes, not advice," and Every frames them as secular, not tradeable calls.
Copper
How it serves retail investors:
Free access to institutional-grade geopolitics. The paid layer is a bank portal retail can't reach; the interviews and X feed carry the same framework at no cost.
Frameworks, not picks. Economic statecraft, physical-over-financial constraints and "project the hypothesis to its logical endpoint" are reusable on the next headline — see the actionable insights pages.
Explicitly no recommendations. He declines single-name and FX calls ("I don't do FX strategy"), so anything actionable arrives as a secular theme with the caveats attached.
Transcripts
One dated page per appearance — each has its talking points and the saved transcript. Newest first.