The 1970s Again?
The 1970s Again? For the United States and much of the rest of the world, the 1970s were a time of high oil prices, surging inflation, stock market swoons, political upheaval, and geopolitical tension. Add pandemic and climate change to the list, and it also sounds like a fair description of the world today, a […]
Australia invokes emergency powers to block coal exports in energy crisis
Australia invokes emergency powers to block coal exports in energy crisis Authorities permitted to keep supplies, if needed, after consumers told to turn off the lights Australian authorities have given themselves the power to block coal exports if the resource is needed to ease the country’s crippling power crisis in the latest measure taken to […]
Germany Rations Gas Amid Russian Cuts, Mandates Return To Coal For Electricity Production
Germany Rations Gas Amid Russian Cuts, Mandates Return To Coal For Electricity Production German Vice Chancellor and Economy Minister Robert Habeck said Sunday that the country will limit the use of natural gas for electricity production amid concerns about possible shortages caused by a cut in supplies from Russia. As a member of the environmentalist Green Party, Habeck pushed […]
Our Economy In a Nutshell
Our Economy In a Nutshell The economy has reached an inflection point where everything that is unsustainable finally starts unraveling. Our economy is in a crisis that’s been brewing for decades. The Chinese characters for the English word crisis are famously–and incorrectly–translated as danger and opportunity. The more accurate translation is precarious plus critical juncture or inflection point. Beneath its […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Did Europe’s Latest (& Little Noticed) Anti-Russia Move Just Push The World Closer To WW3?
Did Europe’s Latest (& Little Noticed) Anti-Russia Move Just Push The World Closer To WW3? Quite possibly the biggest Russia-West provocation of the entire four-month long war in Ukraine has occurred this weekend, but few in the media establishment seem to be taking notice of the singular event which has the potential to quickly spiral toward a […]
The Engineered Stagflationary Collapse Has Arrived – Here’s What Happens Next
The Engineered Stagflationary Collapse Has Arrived – Here’s What Happens Next In my 16 years as an alternative economist and political writer I have spent around half that time warning that the ultimate outcome of the Federal Reserve’s stimulus model would be a stagflationary collapse. Not a deflationary collapse, or an inflationary collapse, but a […]
Media: Why the Fed Raised 75 bps and How to Break the Davos Crowd
Media: Why the Fed Raised 75 bps and How to Break the Davos Crowd I sat down for a long chat with my good friend Crypto Rich over the weekend and have just found the 20 minutes to post them here. We did a series of videos, Duran-style, on a number of topics. They are […]
Australia’s Energy Crisis Worsens As Gov’t Ask People To Keep Lights Off To Avert Blackouts
Australia’s Energy Crisis Worsens As Gov’t Ask People To Keep Lights Off To Avert Blackouts Australia’s energy minister asked Sydney and the New South Wales (eastern part of the country) residents to turn off lights and energy-intensive appliances in the evening to prevent power blackouts due to an ongoing energy crunch, The Independent reports. The federal energy […]
Oil markets are pricing in long-term supply deficits and OPEC+ will face historic lows in spare capacity, warns IEA
Oil markets are pricing in long-term supply deficits and OPEC+ will face historic lows in spare capacity, warns IEA IEA Executive Director Fatih Birol. Anadolu Agency/Getty Images The IEA issued a warning for global oil markets Wednesday, saying supply challenges will persist. Three million barrels per day of Russian crude will disappear as sanctions set in, […]
Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’
Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’ Inflation is already taking its toll on the German economy, but next winter is now being described in near apocalyptic terms by one prominent German agency head A gas shortage and high prices […]
The Fed Is Winging It: A 75 Basis-Point Hike “Seemed Like the Right Thing”
The Fed Is Winging It: A 75 Basis-Point Hike “Seemed Like the Right Thing” The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75% from 1%. June’s meeting today was the third meeting this year at which the FOMC has […]
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’ Veteran investor and bitcoin bull Michael Novogratz’s economic outlook is not rosy Michael Novogratz, founder and chief executive officer of Galaxy Digital Capital Management LP, spoke with MarketWatch on Wednesday ahead of a historically […]
