Skyrocketing Energy Prices Could Cripple Europe’s Economy
Skyrocketing Energy Prices Could Cripple Europe’s Economy Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to deal a blow to the post-COVID recovery in European economies with a triple whammy of reduced consumer purchasing power, lower industrial production, and higher operating costs. […]
A Hinge Moment of History
A Hinge Moment of History I have lived in countries that have real domestic terrorism movements…. No country blessed enough not to have a domestic terrorism movement should be inventing one. We are living in a blizzard of lies. [W]e are more dependent on a handful of woke billionaires to tell us what reality is. […]
Former Lehman Trader On “China’s Lehman Moment”
Former Lehman Trader On “China’s Lehman Moment” My name is Larry McDonald, that is the UK cover above. In the years before the failure of Lehman Brothers, I ran a successful distressed credit business at what was the 4th largest investment bank in the U.S. – becoming one of the most consistently profitable traders in […]
80pc of Kenya’s crude oil cannot be tapped
80pc of Kenya’s crude oil cannot be tapped SUMMARY The company said a new audit on the Turkana oil fields revealed a larger reservoir – commonly referred to as Oil Initially In Place (OIIP) in exploration parlance – compared to the previous estimate of 1.77 billion barrels. The commercially extractable volume climbing to 585 million […]
What Comes After Mind-Blowing Free-Money Blow-Off Spike in Retail Sales? A Spike Doesn’t Spike Forever
What Comes After Mind-Blowing Free-Money Blow-Off Spike in Retail Sales? A Spike Doesn’t Spike Forever Powered by price increases. Total retail sales – not adjusted for inflation, now a big factor – inched up 0.7% in August from July, to $619 billion (seasonally adjusted), up a stunning 18% from two years ago and 15.1% from a year […]
Wrong for a different reason
Wrong for a different reason Alexandria Ocasio-Cortez – A well-meaning but not particularly bright left-leaning US politician – made a stir earlier this week by wearing a figure-hugging dress emblazoned with the slogan “Tax the Rich” to the prestigious 2021 Met Gala. Since the slogan was clearly political, it wasn’t long before the various political […]
Propaganda Scrambles Our Minds: Notes From The Edge Of The Narrative Matrix
Propaganda Scrambles Our Minds: Notes From The Edge Of The Narrative Matrix Listen to a reading of this article: ❖ America is a unipolar superpower governed by octogenarians who work for corporations and banks where military weapons are made by prison slaves to be launched at impoverished foreigners while celebrities attend lavish galas and police […]
The End of Democracy?
The End of Democracy? QUESTION: Marty, I know you reported on the Canadian bill to suspend elections during a pandemic, do you think that is in the cards going ahead? HS ANSWER: I found it shocking that they would actually introduce such legislation in the first place. But what we have to understand is that this is part of […]
The Negative-Sum Economy
The Negative-Sum Economy There are tides and seasons in the comments I field for posts here on my blog, certain questions that get asked at regular intervals, certain saliva-flecked tirades I can count on getting whenever certain things appear in my writings or happen in the world. One of the more frequent of the questions […]
Ministry of Manipulation: No Wonder Trust and Credibility Have Been Lost
Ministry of Manipulation: No Wonder Trust and Credibility Have Been Lost Now that every financial game in America has been rigged to benefit the few at the expense of the many, trust and credibility has evaporated like an ice cube on a summer day in Death Valley. Here is America in a nutshell: we no […]
The Afghan Correction
The Afghan Correction Interventionistas never seem to learn these seven truths about war and ‘nation building.’ Soviet troops in the highlands near Kabul, Afghanistan, 1986. Photo by Кувакин Е. (1986); scanned and processed by Vizu (2009); размещено согласно Permissions: E. Kuvakin by personal collection, CC BY-SA 3.0. The chaotic rout of the U.S. in Afghanistan has got […]
The funny-money game
The funny-money game The sense of general unease that I detect among those I meet and discuss economics and financial matters with is increasing —with good reason. Clearly, what everyone calls inflation, rising prices or more accurately currency debasement, will lead to higher interest rates, threatening markets which are unmistakably in bubble territory. The consequences […]
Pruning Basics
Pruning Basics As we head into Fall garden routines and leaves start to turn color, the smell and feel of the Fall weather is in the air. Winter is just around the corner and with those horticultural routines comes the urge to prune stuff . Both fruit producing and shade producing trees often get a […]
A far from perfect storm
A far from perfect storm Global warming may yet prove to be the one thing which saves us from our largely misguided attempts to respond to global warming. This is because, while the crisis is real enough, the solution that we have bought into is an absolute stinker. While a great deal of corporate profit […]
