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Singapore Power Prices Spike 1,290% As Energy Crisis Emerges
Singapore Power Prices Spike 1,290% As Energy Crisis Emerges The global energy crisis continues to worsen with its latest victim Singapore. Power prices in the Southeast Asian country saw a dramatic surge in wholesale power prices. According to Bloomberg, provisional Uniform Singapore Energy Price jumped S$4,499 ($3,293) per megawatt-hour, the highest on record or about a […]
Zog Energy becomes 25th UK supplier to go bust in three months
Zog Energy becomes 25th UK supplier to go bust in three months Company, which supplied gas to about 11,700 households, is another victim of record market prices Zog Energy was founded in 2012 with a plan to offer households simple, affordable gas tariffs. Photograph: Niklas Halle’n/AFP/Getty Images Another of the UK’s small energy companies has […]
Our $29 Trillion Deficit, Interest Rates, Inflation, And Debt
Our $29 Trillion Deficit, Interest Rates, Inflation, And Debt The emergence and acceptance of Modern Monetary Theory has turned our economic system upside down. Skeptics of its substance and sustainability have been brushed aside temporarily but expect the MMT experiment to collapse and end in ruin. To us that believe in old school economics, […]
Are You Ready for Collapse?
Are You Ready for Collapse? MIT analyzed it and KPMG updated it: economic collapse is nigh. © Skorzewiak / Shutterstock In 2019, Pierre Charbonnier penned an article for the French journal Revue du Crieur on the emerging trend known as collapsology. “Theories about the imminent collapse of industrial civilization are in vogue,” he writes in an […]
The latest monster ships could be a disaster
The latest monster ships could be a disaster Preface. The article below makes the case for the hazards of one of these enormous ships running aground or sinking, blocking a major shipping line, leaking oil, and possibly impossible to salvage. In 2020, the largest container ship is the HMM Algeciras at 1,312 feet (400 m) […]
When Will Consumers Balk at Surging Prices?
When Will Consumers Balk at Surging Prices? That’s the big question. Looking for signs of widespread push-back but not finding much. Consumers pay whatever. One of the bizarre factors that has driven the current surge in inflation – the worst in 30 years per CPI-U, the worst in 40 years per CPI-W – has been the sudden […]
Limits to Growth at 50 Years
Limits to Growth at 50 Years
Was 2021 the Peak for Davos?
Was 2021 the Peak for Davos? Reliable sources have confirmed that Klaus Schwab and even attendees have been getting such threats of violence and death that he has postponed Davos in January for the first time, claiming it is due to the pandemic, which is not true. Schwab is, at last, starting to realize that there […]
Could The Fed Trigger The Next “Financial Crisis”
Could The Fed Trigger The Next “Financial Crisis” Could the Fed trigger the next “financial crisis” as they begin to hike interest rates? Such is certainly a question worth asking as we look back at the Fed’s history of previous monetary actions. Such was a topic I discussed in “Investors Push Risk Bets.” To wit: “With the entirety […]
Critical minerals problem: Supply chain issues come to the fore
Critical minerals problem: Supply chain issues come to the fore It seems that all of a sudden there is talk of mineral shortages and two metals which are thought to be plentiful in the Earth’s crust, nickel and zinc, have been added to the list of minerals now deemed critical to the United States, a list recently […]
Today’s Round-Up of Economic News
https://climateandeconomy.com/2021/11/29/29th-november-2021-todays-round-up-of-economic-news/
Today’s Contemplation: Collapse Cometh XXXIV
Today’s Contemplation: Collapse Cometh XXXIV Athens, Greece (1984) Photo by author ***** Supply chain disruptions and the product shortages that result have become a growing concern over the past couple of years and the reasons for these are as varied as the people providing the ‘analysis’. Production delays. Covid-19 pandemic. Pent-up consumer demand. Central bank […]
Seeing the Big Picture | Nate Hagens
Seeing the Big Picture | Nate Hagens Understanding the critical connections between our values, our economy and our world Welcome to the era of generalists, of the big picture thinkers who translate concepts into action. These are the people who join the dots to get a better sense of how our world fits together—and how […]
Fed’s Lowest Lowball Inflation Measure Spikes to Worst-Hottest 31-Year High. Powell Groans and Mutters
Fed’s Lowest Lowball Inflation Measure Spikes to Worst-Hottest 31-Year High. Powell Groans and Mutters But the Fed has now backed off its ridiculous claims and is taking inflation more seriously. The lowest lowball inflation measure that the US government produces, “core PCE,” which excludes the now soaring food and energy prices and understates inflation by […]
Prepare developed democracies for long-run economic slowdowns
Prepare developed democracies for long-run economic slowdowns Developed democracies proliferated over the past two centuries during an unprecedented era of economic growth, which may be ending. Macroeconomic forecasts predict slowing growth throughout the twenty-first century for structural reasons such as ageing populations, shifts from goods to services, slowing innovation, and debt. Long-run effects of COVID-19 […]
