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Morgan Stanley Jumps On The $100 Oil Bandwagon
Morgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low […]
The U.K. is two months away from a brutal cost-of-living crisis
The U.K. is two months away from a brutal cost-of-living crisis Soaring inflation is causing headaches around the world, but in Britain the squeeze is coming from all sides Commuters walk over London Bridge during the morning rush hour in central London. Britain’s acute cost-of-living crunch will hit in April. PHOTO BY DANIEL LEAL/AFP VIA GETTY IMAGES […]
Imports take ‘dramatically longer’ to reach US as bottlenecks bite
Imports take ‘dramatically longer’ to reach US as bottlenecks bite Indicators on trans-Pacific delivery time are all trending in the wrong direction Port of Long Beach (Photo: Shutterstock/Gagliard Photography) Planning to import goods from Asia by ocean and sell them in America this summer? Better act fast. The trans-Pacific cargo move can now take over […]
Choose One, But Only One: Defend the Billionaire’s Bubble or the U.S. Dollar and Empire
Choose One, But Only One: Defend the Billionaire’s Bubble or the U.S. Dollar and Empire The Empire is striking back, protecting what really counts, and the Billionaire Bubble sideshow is folding its tents. One of the most enduring conceits of the modern era is that the Federal Reserve acts to goose growth and therefore employment while keeping […]
Peter Schiff: The Fed Made This Bed and Now We Have to Lie In It
Peter Schiff: The Fed Made This Bed and Now We Have to Lie In It Inflation is running hot. Economic data is running cold. Stocks and bonds are under pressure. The Fed is scrambling. In his podcast, Peter Schiff talked about the trajectory of the economy. He said we’re on the cusp of the most […]
Canada ranked 6th-most miserable country by think tank
Canada ranked 6th-most miserable country by think tank Toronto’s Lakeshore Boulevard pictured during a snowstorm in February 2007 (Colin McConnell/Toronto Star) Due to its high rates of inflation and unemployment, a conservative-leaning think tank has ranked Canada the sixth-most miserable country in the world. On Tuesday, the Fraser Institute revealed where 35 countries rank on […]
Germany reveals when it will run out of gas
Germany reveals when it will run out of gas Natural gas storage facilities in Germany are half-empty, economy ministry says © AFP / JOHN MACDOUGALL Natural gas reserves in Germany, which has one of the highest underground gas storage capacities in Europe, have fallen to historically low levels compared with previous years. “According to the consolidated register […]
Germany Threatens To Halt Nord Stream 2 If Russia Attacks Ukraine
Germany Threatens To Halt Nord Stream 2 If Russia Attacks Ukraine On Tuesday German Chancellor Olaf Scholz was asked directly in a press Q&A whether a Russian military offensive in Ukraine might lead to NATO military intervention on behalf of Kiev. Scholz responded by underlining “serious” political and economic consequences, but appeared to rule out any assistance from […]
‘Carbon bomb’: Westpac, National Australia Bank under fire for bankrolling Woodside, BHP’s Scarborough LNG
‘Carbon bomb’: Westpac, National Australia Bank under fire for bankrolling Woodside, BHP’s Scarborough LNG Anti-gas sentiment remains across Australia as banks continue to invest in farming the resource. Credit: AAP Bankers have been accused of “industrial-scale greenwashing” by financing a huge new gas field. But National Australia Bank and Westpac insist they’re on board with the […]
2022: Energy limits are likely to push the world economy into recessionIn my view, there are three ways a growing economy can be sustained:
2022: Energy limits are likely to push the world economy into recessionIn my view, there are three ways a growing economy can be sustained: With a growing supply of cheap-to-produce energy products, matched to the economy’s energy needs. With growing debt and other indirect promises of future goods and services, such as rising asset prices. […]
Experts Are Warning That Empty Shelves And Food Shortages Are Going To Continue For Many Weeks To Come
Experts Are Warning That Empty Shelves And Food Shortages Are Going To Continue For Many Weeks To Come The term “return to normal” is being thrown around a lot these days, but will things ever truly return to the way that they were before the pandemic came along? I don’t think so. From an economic standpoint, an […]
Oil Is The Wrecking Ball That We All Deserve…
Oil Is The Wrecking Ball That We All Deserve… I’ve been pretty clear on why oil is going higher. If you want a refresher, click here. I’ve also been clear that when oil overshoots, it’s going to create the next Lehman moment. Oil is the wrecking ball that will crush every CUSIP, because the Fed will eventually […]
Sri Lanka economists tell government to default on bond, buy food
Sri Lanka economists tell government to default on bond, buy food $500m should be redirected to pay for fuel, medicine and other essentials, experts say Sri Lankan rupee banknotes sit in a bucket at a fruit stall in Colombo. The country is running out of imported food, fuel, medicine and a key ingredient of milk […]
Fed Chair Faces the Ultimate Lose-Lose Decision
Fed Chair Faces the Ultimate Lose-Lose Decision Photo by Vadim Sadovski The U.S. economy teeters between two catastrophes: wild and untamed hyperinflation that turns cash into wallpaper, or an epic crash that would make 2008 look like a day at the beach. Federal Reserve Chairman Jerome Powell has led the U.S. government’s monetary policy to this […]
Is Powell Again Pulling Strings From “The Shadows”?
Is Powell Again Pulling Strings From “The Shadows”? Recently, we have seen stocks rally while the dollar falls. Some of us are wondering why the dollar is falling at the same time currency traders are busy penciling in as many as four interest rate increases. The ICE U.S. Dollar Index, a measure of the currency […]
