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Tag Archives: price inflation
In Brief: The energy death spiral grows; Another bad omen; Hobsons choice
In Brief: The energy death spiral grows; Another bad omen; Hobsons choice The energy death spiral grows Although it is far from obvious, Ofgem – Britain’s energy regulator is supposed to act in the interest of energy consumers. As the UK government explains: “The Office of Gas and Electricity Markets (Ofgem) regulates the monopoly companies which run […]
Today’s Contemplation: Collapse Cometh XLIV–The Ruling Class: Chasing Growth Regardless Of the Consequences
Today’s Contemplation: Collapse Cometh XLIV Tulum, Mexico (1986) Photo by author The Ruling Class: Chasing Growth Regardless Of the Consequences Today’s contemplation is in response to an article by the Honest Sorcerer whose writings I discovered not long ago and have enjoyed for their insight and clarity. I recommend reading them[1]. If only the tragedy that is […]
The True Costs of Net Zero Are Becoming Impossible to Hide
The True Costs of Net Zero Are Becoming Impossible to Hide Our net zero lesson of the day is from the U.K. but it applies universally. It’s increasingly difficult for Biden and the EU to hide the true costs of net zero mandates. Britain Boiler Tax Scandal In the latest green fiasco, UK Prime Minister […]
“Dangerous Game”: Chevron Warns California That Anti-Petrol Policies Could Result In Gas Price Spikes, Shortages
“Dangerous Game”: Chevron Warns California That Anti-Petrol Policies Could Result In Gas Price Spikes, Shortages Chevron is warning the state of California that its climate policies have consequences: namely, that the price of gas is going to continue to rise. Calling the state’s policies a “dangerous game”, it was reported by Bloomberg this week that Chevron is […]
Everyone Loves a Generous Government Until They Have to Pay For It
Everyone Loves a Generous Government Until They Have to Pay For It Not only does everyone love getting “free money” from the state, they also love hearing the fantasy repeated endlessly that debts are no problem. Governments, like individuals, can spend liberally with great generosity, or they can be frugal. Everyone receiving government money loves the […]
Americans Understand Inflation
Americans Understand Inflation Everyday Americans understand inflation perfectly. But the egghead economists and policymakers who govern their lives don’t. That may be because inflation is one of the biggest concerns of those who live in the real world, and it may lead to a political earthquake next November in the presidential and congressional elections. Here’s […]
The World Is Sitting on a Powder Keg of Debt
The World Is Sitting on a Powder Keg of Debt The Federal Reserve recently surrendered in its inflation fight. But price inflation is nowhere near the 2% target. Why did the Fed raise the white flag prematurely? One of the major reasons is debt. The world is buried under record debt levels and the global economy can’t […]
Inflation in Real Life Much Worse Than in Government Fantasy World
Inflation in Real Life Much Worse Than in Government Fantasy World Inflation is dead! At least that’s what you would think if you listen to government officials and talking heads in the financial media. So, how is this victory over inflation working out for the average person? Not so great. Based on official CPI data, price […]
Deutsche Bank Economists Say the Fed Will Create More Inflation in 2024
Deutsche Bank Economists Say the Fed Will Create More Inflation in 2024 Deutsche Bank economists say the Federal Reserve will create more inflation in 2024. OK, that’s not exactly what they said. But that is the implication of their latest forecast. The Deutsche Bank analyst forecast that the Fed will cut rates by 175 basis […]
The Great Simplification Ahead
The Great Simplification Ahead “Until debt tear us apart” Photo by Alice Pasqual on Unsplash There is no denying that a major economic downturn is now in the books, and that lacking an energy miracle, the world economy is about to go through a major shift. After discussing the faulty nature of prevailing economic metrics (GDP) in last […]
The Psychological Pain of Inflation
The Psychological Pain of Inflation The Bureau of Labor Statistics (BLS) tomorrow morning will report its Consumer Price data from October. The Producer Price Index (PPI) appears the following day. There will likely be no real surprise here: inflation will still be running hot around 3.7 percent, confirming what I and many have suspected. Inflation […]
Peter Schiff: A Crisis Is Already Playing Out Under the Radar
Peter Schiff: A Crisis Is Already Playing Out Under the Radar The mainstream remains optimistic about the trajectory of the economy. Price inflation has supposedly been beaten down. GDP growth was even better than expected, and most economists have tabled their recession predictions. But in his podcast, Peter Schiff explained that it’s all an illusion. The […]
The Specter of Hyperinflation Looms over the Economy
The Specter of Hyperinflation Looms over the Economy The threat of hyperinflation has haunted fiat money economies throughout history. Although past empires crumbled under the weight of unrestrained money printing, modern bankers at the Federal Reserve assure us that today’s financial system is immune to such a fate. Austrian business cycle theory, however, reveals that […]
The New Global Oil Market Order Hangs In The Balance After Hamas Attacks Israel
The New Global Oil Market Order Hangs In The Balance After Hamas Attacks Israel Palestinian political and military organisation Hamas launched coordinated multi-pronged attacks by land, sea, and air against Israel last weekend. The potential for the Hamas attacks on Israel to suck in other Arab states into the conflict, and for it to then […]
Today’s Contemplation: Collapse Cometh VIII–Peak Oil and Sociopolitics
Today’s Contemplation: Collapse Cometh VIII Oct 30, 2020 Chitchen Itza, Mexico (1986) Photo by author Peak Oil and Sociopolitics Once again, a comment I posted in response to an article on The Tyee. Where to begin? I realise this article is primarily about a federal political party and its future but there are two underlying […]
