More War Means More Inflation
Apu Gomes/AFP via Getty Images More War Means More Inflation Advanced economies and emerging markets are increasingly engaged in necessary “wars” – some real, some metaphorical – that will lead to even larger fiscal deficits, more debt monetization, and higher inflation on a persistent basis. The future will be stagflationary, and the only question is […]
2023: Expect a financial crash followed by major energy-related changes
2023: Expect a financial crash followed by major energy-related changes Why is the economy headed for a financial crash? It appears to me that the world economy hit Limits to Growth about 2018 because of a combination of diminishing returns in resource extraction together with rising population. The Covid-19 pandemic and the accompanying financial manipulations hid these […]
Washington Has Trouble Refilling The SPR After 220 Million Barrel Draw
Washington Has Trouble Refilling The SPR After 220 Million Barrel Draw The DoE has received several offers for February purchases to refill the SPR. For February, the plan was to purchase 3 million barrels, ideally when oil dropped to around $70 per barrel. The rejected bids are prompting speculation that refilling the SPR will be […]
Ozone Layer Recovers, Limiting Global Warming: UN Report
Ozone Layer Recovers, Limiting Global Warming: UN Report A UN-backed scientific panel tasked with assessing the effects of the 1989 Montreal Protocol – an international agreement to phase out Ozone Depleting Substances – has found that the ozone layer continues to strengthen, and as a result, the earth will avoid 0.3 – 0.5°C of global warming […]
Dr Doom’s Mother-Of-All-Crises Looming
Dr Doom’s Mother-Of-All-Crises Looming We are yet to see whether it will be a hard landing or a soft landing by the end of 2023. Biden’s administration has shamelessly pumped thousands of billions of dollars into the state financial system for less than two years announcing even a brand new ‘New Deal’ and new financial […]
Renewables Are Slowly Approaching Diminishing Returns
Renewables Are Slowly Approaching Diminishing Returns Photo by Ryan Grice on Unsplash Once a source of hope for maintaining our modern lifestyle, renewables are close to hit diminishing returns (i.e.: providing less and less benefit to society with every addition of a new solar panel or wind turbine). For the record: fossil fuels have long passed the same […]
World Bank Warns Global Economy “Perilously Close To Falling Into Recession”
World Bank Warns Global Economy “Perilously Close To Falling Into Recession” Six months ago, The World Bank slashed its global growth outlook for 2022 and 2023 to +2.9% and +3.0% respectively blaming “the war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation” for hammering growth. Today, in its latest report on global economic […]
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens Hedge fund manager Andurand: full reopening of Chinese economy could send oil prices past $140 per barrel. Andurand: The market is underestimating the scale of the demand boost. Andurand did say last week that oil demand will be limited somewhat by a growth in […]
Torrential Rains Trigger Flash Floods Across California
Torrential Rains Trigger Flash Floods Across California Since the end of December, a ‘parade of cyclones’ has swamped California. The latest round of torrential rain has caused flooding in Los Angeles County, and still unclear in the early morning hours of Tuesday the extent of the destruction, though social media video on Monday evening shows flooded streets, […]
Who Will Save Us From Ourselves?
Who Will Save Us From Ourselves? We have the capacity to learn from previous civilization’s errors–rising inequality, hubris, over-reach, decay of production and trade, parasitic elites, and so on–yet we go right ahead and repeat those same errors. After listening to my explanation of the many cycles human civilizations track first to glory and then […]
BlackRock says we’re all doomed. It’s being optimistic
BlackRock says we’re all doomed. It’s being optimistic The world’s largest asset manager has forecast systemic economic chaos. The reality is even worse BlackRock predicts a lasting fall in living standards for the many, alongside huge profits for the few | Maureen McLean/Alamy Live News The working assumption, for governments and central banks across the […]
‘Silence of the Ecomodernists’ & ‘Fusion Confusion’
‘Silence of the Ecomodernists’ & ‘Fusion Confusion’
Turkiye’s Erdogan Flips Syria on its Head
Turkiye’s Erdogan Flips Syria on its Head While we are all, rightfully, worried about what’s going on in Ukraine, those sneaky Russians are shoring up their situation on the south shores of the Black Sea and Eastern Mediterranean. As reported last week the meeting between Russia, Turkiye, and Syria took place between their Defense Ministers where […]
