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“Peak Inflation Is Here”- Jim Rickards
“Peak Inflation Is Here”- Jim Rickards Peak Inflation Is Here and Gone Last week Stansberry Investor’s Daniela Cambone interviewed Jim Rickards and got his take on inflation. We think this is a solid interview and Jim makes some good reasonable explanations as to why inflation has done what it has. Rickards puts much of the blame squarely […]
The Great Supply Chain Collapse
The Great Supply Chain Collapse What’s at the root of the supply chain breakdown? That’s a critical question but the answer is almost irrelevant. The supply chain is a complex dynamic system of immense scale. It is of a complexity comparable to the climate as a system. This means that exact cause and effect cannot […]
Global supply chain crisis could last another two years, warn experts
Global supply chain crisis could last another two years, warn experts As some bottlenecks ease others are just starting, meaning the post-pandemic economy ‘won’t return to normal any time soon’ China’s Ningbo Zhoushan port in Zhejiang province, a key shipping hub. A new Covid outbreak in the region has raised fears of further delays in […]
Entice and Orbit become latest energy firms to go bust
Entice and Orbit become latest energy firms to go bust IMAGE SOURCE,GETTY IMAGES Two more energy suppliers have gone bust amid the surge in gas prices, the regulator Ofgem has said. Entice Energy and Orbit Energy, which have about 5,400 and 65,000 customers respectively, ceased trading on Wednesday. The two firms are the latest companies […]
Turkey Halts All Stock Trading As Currency Disintegrates, Central Bank Powerless To Halt Collapse
Turkey Halts All Stock Trading As Currency Disintegrates, Central Bank Powerless To Halt Collapse Another day, another collapse in the Turkish lira, only this time there was a twist: as the hyperinflating currency implodes, Erdogan has finally had enough of the relentless pummeling, and is starting to shut down its markets. But first, let’s back […]
‘It doesn’t have to be this way’: Lessons from the slow death of Louisiana’s oil industry
‘It doesn’t have to be this way’: Lessons from the slow death of Louisiana’s oil industry The Gulf Coast is bleeding oil jobs. Here’s what it tells us about a just transition. AP Photo/Cheryl Gerber David Dismukes studies the energy industry for a living. As the executive director of the Center for Energy Studies at […]
Chairman Powell Paralyzed With Fear As Inflation Takes Over
Chairman Powell Paralyzed With Fear As Inflation Takes Over Public domain, courtesy of the Federal Reserve One thing is certain, inflation is no longer officially “transitory.” For months, recently reappointed Federal Reserve Chairman Jerome Powell kept telling the public that rising inflation was transitory, and would soon subside. It hasn’t, and isn’t likely to in the near future […]
Don’t blame capitalism. Capitalism itself isn’t “bad”; it’s the effects that are bad. — Nate Hagens
Don’t blame capitalism. Capitalism itself isn’t “bad”; it’s the effects that are bad. — Nate Hagens Capitalism has allowed us to throw a two-century party – We trashed the place, drank the booze, burned the furniture — It’s time to wake up, act like adults, and behave responsibly. — Nate Hagens “Here in America when bad […]
‘The Big Stall’ details how neoliberal think tanks blocked action on climate change
‘The Big Stall’ details how neoliberal think tanks blocked action on climate change Donald Gutstein’s well-researched new book is a deep dive into the strategies that Canadian oil companies and their friends have implemented to prevent political action and reverse catastrophe. The Bill Stall: How Big Oil and Think Tanks are Blocking Action on Climate […]
How I Robbed the World Bank
How I Robbed the World Bank I have always had a bad attitude toward official secrets regardless of who is keeping them. That prejudice and John Kenneth Galbraith are to blame for an unauthorized withdrawal I made from the World Bank. When I lived in Boston in the late 1970s, I paid $25 to attend a […]
European Gas Prices Hit Record High As Germany Blocks Nord Stream 2
European Gas Prices Hit Record High As Germany Blocks Nord Stream 2 European gas futures surged to a record high on Tuesday after Germany blocked Russia’s Nord Stream 2 pipeline from launch because it did not comply with European law. German foreign minister Annalena Baerbock said all three parties that make up the new government […]
Investing in Degrowth
Investing in Degrowth Released 13 December 2021, Investing in Degrowth is a first-of-its-kind white paper drawing attention to the emerging degrowth economy, setting out the rationale for investing in degrowth-compatible enterprises and laying down the groundwork for deciding the core characteristics of degrowth investing. Co-authors Jennifer Wilkins, founder of Heliocene, and Bill Murphy, Executive Director of Purpose Capital, call for […]
China’s Banking Assets Are $52 Trillion, Growing By $40 Trillion Since 2008: “This Is What Hyper MMT Looks Like”
China’s Banking Assets Are $52 Trillion, Growing By $40 Trillion Since 2008: “This Is What Hyper MMT Looks Like” Thermodynamics “The interaction of inflation-focused monetary policies in the west and China’s mercantilist model created what I call The Refrigeration Mode,” said the CIO, sitting atop his prodigious pile. “The process has been ongoing for twenty years,” […]
Inflation Soared to 6.8% in November
Inflation Soared to 6.8% in November Inflation is soaring with no end in sight. The Consumer Price Index rose 0.8% in November, marking a 6.8% increase in inflation YoY. According to the Labor Department, this is the fastest pace of inflation since June 1982. In addition, Core-CPI rose 0.5% last month, amounting to a 4.9% […]
