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A historic global bond-market crash threatens liquidation of the world’s most crowded trades, says BofA
A historic global bond-market crash threatens liquidation of the world’s most crowded trades, says BofA ‘If the bond market does not function, then no other market functions, really,’ say Ben Emons of Medley Global Advisors A newspaper headline is shown after the Treaty of Versailles was signed in 1919. Global bonds are in one of […]
The Global Water Crisis Could Crush The Energy Industry
The Global Water Crisis Could Crush The Energy Industry Water is growing more scarce due to climate change. Water scarcity could derail the green energy boom, and even hinder fossil fuel production. With rising concerns over water scarcity, mainly due to climate change, there are fears that the big transition to renewable energy will be […]
Grid renewal generates billion-dollar shock as costs of energy transition become clear
Grid renewal generates billion-dollar shock as costs of energy transition become clear Consumers are looking at a major increase in spending on power networks across Australia.(ABC News: Hugh Hogan) Australian consumers have been told to brace for big hikes in their power bills after a watchdog revealed the true costs of overhauling the grid to […]
Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic
Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic One week after stocks suffered their biggest drop since June, futures are in freefall on Friday with the dollar soaring to the now default daily record high… … 10Y yields exploding higher, surging more than 10bps so far […]
Germany nationalizes its biggest natural gas importer
Germany nationalizes its biggest natural gas importer Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an €8 billion ($7.9 billion) plan to prevent an energy shortage this winter. Europe has been hit by soaring natural gas and electricity prices as a result of Russia’s invasion of Ukraine and its throttling of gas supplies. The German government […]
In America, Clean Water Is Becoming a Luxury
In America, Clean Water Is Becoming a Luxury Our water system’s collapsing—and I found out the hard way. Getty I can’t forget to turn the kettle on before bed. In the morning, I’ll need that water to wash my hands and brush my teeth. The rest I’ll carefully store in the fridge, away from light and […]
Germany To Nationalize Struggling Uniper In Deepening Energy Crisis
Germany To Nationalize Struggling Uniper In Deepening Energy Crisis Germany on Wednesday announced a move to nationalize struggling natural gas supplier Uniper SE as it strives to keep the industry functioning in the wake of a global energy crisis, according to Reuters. Uniper is Germany’s largest importer of Russian NatGas and has suffered tremendous losses after Russian energy […]
Escalation: Recent Events Suggest Mounting Economic Danger
Escalation: Recent Events Suggest Mounting Economic Danger A common refrain from people who are critical of alternative economists is that we have been predicting crisis for so long that “eventually we will be right.” These are generally people who don’t understand the nature of economic decline – It’s like an avalanche that builds over time, […]
In Brief: Trading safety, An inflection point, The crisis of under-consumption, A reign of decline
In Brief: Trading safety, An inflection point, The crisis of under-consumption, A reign of decline Trading safety Within the inner sanctum of one of the world’s oldest and most esteemed universities, an ageing professor sits in a battered leather armchair. Oblivious to the day-to-day sensations within the room – the slow tick and tock of […]
Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills
Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills Prime minister to lead nation in a minute’s silence to honour the Queen’s legacy ahead of funeral. Liz Truss is facing a political and economic baptism of fire this week with warnings of mass bankruptcies across the economy – even as […]
Powell: A Breathing Weapon of Mass Destruction
Powell: A Breathing Weapon of Mass Destruction Below we track how the Powell Fed serves as a contemporary weapon of mass destruction. Powell’s so-called “war against inflation” will fail, but not before crushing everything from risk asset, precious metal and currency pricing to the USD. As importantly, Powell is accelerating global market shifts while sending a death […]
Energy Shock
ENERGY SHOCK The world is in energy shock. European imported coal prices increased 421% before Russia invaded Ukraine. German electric power price increased 518%. European natural gas jumped 765% and Asian spot LNG, 957%. Since then, it’s gotten even worse. U.K. natural gas futures price has increased +$99.86 (+574%) from $17.41 to $117.27 per mmBtu […]
The Hilarious Reason Europe Won’t Freeze This Winter
The Hilarious Reason Europe Won’t Freeze This Winter https://youtu.be/ALQg5wmhIVE
Angry Customers Demand Explanation As German Energy Bills Soar
Angry Customers Demand Explanation As German Energy Bills Soar Utilities in Germany have had to handle a surge in customer service calls in recent weeks from clients angry or desperate about their sky-rocketing energy bills, Reuters reports. The biggest utility, E.ON, has ramped up its capacity to handle calls from consumers who are shocked to find […]
