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Electricity Sales to End Users Dropped Below 2008 Level: What it Says about the Pandemic Economy, Households, Commercial & Industrial Activity, and Public Transportation
Electricity Sales to End Users Dropped Below 2008 Level: What it Says about the Pandemic Economy, Households, Commercial & Industrial Activity, and Public Transportation In 2020, by source, coal collapsed to record low, natural gas dominated, wind and solar surged, while hydro and nuclear remained roughly flat. Electricity sales to all end users in the […]
Everything Is Broken
Everything Is Broken Broken Credit Broken Retirement Broken Stocks Broken Data Broken Unemployment System Puerto Rico, Vaccines, and Some Good News Broken lines, broken strings, Broken threads, broken springs, Broken idols, broken heads, People sleeping in broken beds —Bob Dylan, “Everything is Broken” from the album Oh Mercy, 1989 I was on a client call earlier […]
Antal Fekete, Gold, and Central Banks
Antal Fekete, Gold, and Central Banks On the fourteenth of October 2020, Antal E. Fekete, the Hungarian-Canadian economist who saw himself as a monetary theorist following the tradition of Carl Menger, died in Budapest. Behind him was an eventful and fruitful life which was quite typical of the crazy last century. His experiences eventually filled Fekete with dark forebodings for […]
Too Busy Frontrunning Inflation, Nobody Sees the Deflationary Tsunami
Too Busy Frontrunning Inflation, Nobody Sees the Deflationary Tsunami Those looking up from their “free fish!” frolicking will see the tsunami too late to save themselves. It’s an amazing sight to see the water recede from the bay, and watch the crowd frolic in the shallows, scooping up the flopping fish. In this case, the crowd […]
On a finite planet, maintaining endless economic growth is not a viable option
On a finite planet, maintaining endless economic growth is not a viable option Cooperative conservatism could help to get us off growth with minimum pain and maximum gain, says Richard Heinberg. — Richard Heinberg “Both the U.S. economy and the global economy have expanded dramatically in the past century, as have life expectancies and material progress. […]
Stagflation Subterfuge: The Real Disaster Hidden By The Pandemic
Stagflation Subterfuge: The Real Disaster Hidden By The Pandemic In recent economic news, headlines are being dominated by concerns over rising bond yields. Increased bond yields are a sign of a possible spike in inflation and, logically, they call for the Federal Reserve to raise interest rates in order to prevent that inflation. Higher bond yields […]
Mass Education and the Climate Crisis: Lessons from the Pandemic (Part 3)
Mass Education and the Climate Crisis: Lessons from the Pandemic (Part 3) This is part three of a five-part essay that highlights lessons from the coronavirus pandemic which could advance the fight for a Green New Deal. Part one (published on Resilience.org here) argues that money is not scarce. Part two argues that control of government policy by […]
Oil Flirts With $70 After The OPEC+ Surprise
Oil Flirts With $70 After The OPEC+ Surprise Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online. In this week’s Global Energy Alert, our trading team delves into how an inflationary environment will impact oil stocks. Sign up today to get breaking news, expert […]
The Global Financial End-Game
The Global Financial End-Game The over-indebted, overcapacity global economy an only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral. For those seeking a summary, here is the global financial endgame in fourteen points: 1. In the initial “boost phase” of credit expansion, credit-based capital ( i.e. debt-money) pours into […]
The End of Paper Money – the Digital Revolution
The End of Paper Money – the Digital Revolution The assumption in governments has always been that WE ARE THE PROBLEM – not them! They have really believed that if they could tax the underground economy they would have balanced budgets. We all know that in reality, no matter how much money they collect, they will always […]
The First “Global Inflationary Depression” Is Very Possible
The First “Global Inflationary Depression” Is Very Possible It is possible that we might soon be witness to the first global inflationary depression. This is not a mix of words we normally see placed together. Several factors make this scenario possible. First, we seldom have depressions but instead, tend to roll through mild recessions, however, […]
Orwellian CFTC, which ignored years of silver price manipulation, now going after Reddit Apes
Orwellian CFTC, which ignored years of silver price manipulation, now going after Reddit Apes On Monday 1 March, an article in Bloomberg Law by CFTC connected lawyers from law firm Clifford Chance revealed that the Commodity Futures Trading Commission (CFTC) is reportedly investigating retail silver trader activity in the silver price and that the US Department of […]
28 trillion reasons to have a Plan B
28 trillion reasons to have a Plan B At the close of business on Monday March 1st, just a few days ago, the US national debt crossed $28 trillion for the first time in history. To the penny, in fact, the national debt hit $28,004,376,276,999.35. And bear in mind that figure doesn’t include the $1.9 […]
Weekly Commentary: Regime Change
Weekly Commentary: Regime Change Ten-year Treasury yields closed out a tumultuous week at 1.41% bps, pulling back after Thursday’s spike to a one-year high 1.61%. Ten-year Treasury yields are now up 49 bps from the start of the year and almost 100 bps (1 percentage point) off August 2020 lows. More dramatic, five-year yields jumped […]
