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The coming oil shortage – Part I
The coming oil shortage – Part I The oil price crash on the back of the COVID-19 lockdowns has accelerated the coming supply crunch. Both national and international oil companies have slashed CAPEX and maintenance spending, which will push up decline rates and US shale drillers finally focus on profitability instead of growth. Current longer-dated […]
Save Earth Get Rich
Save Earth Get Rich Henri Matisse Flowers 1907I sometimes can’t believe I think I must revisit this theme time and again, but here we are. Joe Biden is chairing a virtual climate plan/summit/whatever, and absolutely nothing has changed since the last time I tried to explain why it is nonsense, or all the other times before that. […]
Tsunami Warning
Tsunami Warning When Every Lot Is Odd A Key Difference The Contest of Supply Versus Value SIC and Amanda’s Stroke Recovery A tsunami is a wall of water that wipes out everything in its path, typically caused by earthquakes. But first, the water actually disappears from the usual shoreline, leaving land where there should be […]
Uh Oh: Consumer Price Inflation Heating Up Fast
Uh Oh: Consumer Price Inflation Heating Up Fast Anna Shvets Back in September 2020, we reported on Fed Chairman Jerome Powell’s inability to see a “hidden” inflation offset in energy that camouflaged the rise in overall inflation. That “hidden” inflation offset has now vanished, and inflation appears to be heating up quickly. Anyone can see it. Robert Wenzel wrote […]
The Next Economic Crisis – Will Your Wealth Survive?
The Next Economic Crisis – Will Your Wealth Survive? The greatest wealth transfer in history has already begun and the next crisis will only accelerate the process. As the printing presses continue cranking out more and more money, looking forward to a time when the markets pause or another economic crisis consumes the world is […]
The $2.3 Quadrilliion Global Timebomb
THE $2.3 QUADRILLION GLOBAL TIMEBOMB Credit Suisse is hours from collapse and the consequences could be a systemic failure of the financial system. Disappointingly, my dream last night stopped there. So unfortunately I didn’t experience what actually happened. As I warned in last week’s article on Archegos and Credit Suisse, investment banks have created a timebomb […]
Supply chain slowdown hits at key pillars of economy and will likely get worse: Dan Yergin
Supply chain slowdown hits at key pillars of economy and will likely get worse: Dan Yergin KEY POINTS The pressures on supply chains are increasing and global disruptions are likely to only get worse as summer approaches and the economy booms. Disruptions have converged at the same time in three important pillars of the global […]
Inflation, real interest rates revisited
Inflation, real interest rates revisited Gold prices ticked higher on Tuesday after inflation data showed US consumer prices rose in March for the fourth straight month and inflation hit its highest level in 2.5 years. Gold for June delivery climbed $8.50, or half a percent, to $1,741.20 an ounce, and spot gold at time of […]
If You Don’t See Any Risk, Ask Who Will “Buy the Dip” in a Freefall?
If You Don’t See Any Risk, Ask Who Will “Buy the Dip” in a Freefall? Nobody thinks a euphoric rally could ever go bidless, but as Greenspan belatedly admitted, liquidity is not guaranteed. The current market melt-up is taken as nearly risk-free because the Fed has our back, i.e. the Federal Reserve will intervene long […]
Unwelcome Inflation Heats Up in Mexico, Brazil, and as Always in Argentina
Unwelcome Inflation Heats Up in Mexico, Brazil, and as Always in Argentina Brazil’s central bank struck back with shock-and-awe rate hike. Mexico’s central bank faces tough spot after big hit to economy. Argentina’s inflation exceeds 42%. Around the world, there has been massive fiscal and monetary stimulus, an unprecedented growth in government-guaranteed lending, an explosion […]
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion In 2018, the Chinese launched a gold-backed, yuan-denominated oil futures contract. These contracts were priced in yuan, but convertible to gold, raising the prospect that “the rise of the petroyuan could be the death blow for the dollar.” Two weeks ago, The IMF reported that […]
It’s The Media’s Job To Normalize War: Notes From The Edge Of The Narrative Matrix
It’s The Media’s Job To Normalize War: Notes From The Edge Of The Narrative Matrix Exactly zero percent of the world’s worst criminals are in prison. Imperialists. War profiteers. Ecocide profiteers. The very worst of thieves are financial elites. The system isn’t designed to protect us from society’s worst, it’s designed to protect society’s worst […]
“Things Are Out Of Control”: Supply Chain Collapse Leads To Lumber Frenzy, Soaring Home Prices
“Things Are Out Of Control”: Supply Chain Collapse Leads To Lumber Frenzy, Soaring Home Prices With median prices for both existing and new homes at all time highs, and soaring at a record annualized rate of almost 20%… … increasingly more Americans find themselves priced out of homeownership, while still cautious banks refuse to lend […]
War on Cash: The Next Phase
War on Cash: The Next Phase With so much news about an economic reopening, a border crisis, massive government spending and exploding deficits, it’s easy to overlook the ongoing war on cash. That’s a mistake because it has serious implications not only for your money, but for your privacy and personal freedom, as you’ll see […]
Dollar’s Purchasing Power Drops Sharply to Record Low, But It’s a Lot Worse than CPI Shows
Dollar’s Purchasing Power Drops Sharply to Record Low, But It’s a Lot Worse than CPI Shows If the homeownership component in CPI mirrors the Case-Shiller Home Price Index, CPI would jump 5.1%! Not to speak of new & used vehicle prices, which I nevertheless speak of. The Consumer Price Index jumped 0.6% in March compared […]
