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European Power Prices Spike As Heat Dome Strains Grid
European Power Prices Spike As Heat Dome Strains Grid European day-ahead power prices continue to soar for the third day due to an early-season heat wave driving up cooling demand, lack of renewable energy generation, declining nuclear power, and soaring natural gas costs. Large swaths of Europe over the weekend experienced temperatures above 100 degrees Fahrenheit (38 Celsius). The […]
What are our leaders doing?
What are our leaders doing? What force is powerful enough to synchronize every leader in almost every country to do the wrong thing on almost every covid action without assuming every leader is evil and/or stupid? Why has no one figured out what’s going on, including normally intelligent alt-media? Let’s assume that most of our leaders […]
The 1970s Again?
The 1970s Again? For the United States and much of the rest of the world, the 1970s were a time of high oil prices, surging inflation, stock market swoons, political upheaval, and geopolitical tension. Add pandemic and climate change to the list, and it also sounds like a fair description of the world today, a […]
Germany Rations Gas Amid Russian Cuts, Mandates Return To Coal For Electricity Production
Germany Rations Gas Amid Russian Cuts, Mandates Return To Coal For Electricity Production German Vice Chancellor and Economy Minister Robert Habeck said Sunday that the country will limit the use of natural gas for electricity production amid concerns about possible shortages caused by a cut in supplies from Russia. As a member of the environmentalist Green Party, Habeck pushed […]
Our Economy In a Nutshell
Our Economy In a Nutshell The economy has reached an inflection point where everything that is unsustainable finally starts unraveling. Our economy is in a crisis that’s been brewing for decades. The Chinese characters for the English word crisis are famously–and incorrectly–translated as danger and opportunity. The more accurate translation is precarious plus critical juncture or inflection point. Beneath its […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
The Engineered Stagflationary Collapse Has Arrived – Here’s What Happens Next
The Engineered Stagflationary Collapse Has Arrived – Here’s What Happens Next In my 16 years as an alternative economist and political writer I have spent around half that time warning that the ultimate outcome of the Federal Reserve’s stimulus model would be a stagflationary collapse. Not a deflationary collapse, or an inflationary collapse, but a […]
Media: Why the Fed Raised 75 bps and How to Break the Davos Crowd
Media: Why the Fed Raised 75 bps and How to Break the Davos Crowd I sat down for a long chat with my good friend Crypto Rich over the weekend and have just found the 20 minutes to post them here. We did a series of videos, Duran-style, on a number of topics. They are […]
Australia’s Energy Crisis Worsens As Gov’t Ask People To Keep Lights Off To Avert Blackouts
Australia’s Energy Crisis Worsens As Gov’t Ask People To Keep Lights Off To Avert Blackouts Australia’s energy minister asked Sydney and the New South Wales (eastern part of the country) residents to turn off lights and energy-intensive appliances in the evening to prevent power blackouts due to an ongoing energy crunch, The Independent reports. The federal energy […]
The Fed Is Winging It: A 75 Basis-Point Hike “Seemed Like the Right Thing”
The Fed Is Winging It: A 75 Basis-Point Hike “Seemed Like the Right Thing” The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75% from 1%. June’s meeting today was the third meeting this year at which the FOMC has […]
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’ Veteran investor and bitcoin bull Michael Novogratz’s economic outlook is not rosy Michael Novogratz, founder and chief executive officer of Galaxy Digital Capital Management LP, spoke with MarketWatch on Wednesday ahead of a historically […]
“We Are Teetering On The Edge”: Food Shortage Worries Mount As PA Farms “Crushed” By Record Diesel Prices
“We Are Teetering On The Edge”: Food Shortage Worries Mount As PA Farms “Crushed” By Record Diesel Prices There’s nothing like the sweet smell of Building Back Better… Pennsylvania farmers are being “crushed” by the record cost of diesel – so much so, that questions about a food crisis are starting to loom, the Morning Call reported. […]
Not Enough Renewables: Minister Blames Australian Electricity Shortage on Lack of Green Energy
Chris Bowen, Labor Party’s minister for energy and climate change, speaks to media during a press conference at Parliament House in Canberra, Australia, on June 16, 2022. (AAP Image/Lukas Coch) AUSTRALIA Not Enough Renewables: Minister Blames Australian Electricity Shortage on Lack of Green Energy Energy Minister Chris Bowen has blamed Australia’s current electricity shortage on a supposed […]
