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Something Broke In Markets On Thursday
Something Broke In Markets On Thursday This Friday is going to be a session for active short-term traders, and it will likely be unpleasant for investors. Something broke in markets on Thursday. There are a few things that worry me about the latest bout of risk aversion. This is in context that I’ve been an unrelenting stocks bull since […]
Europe Is Wargaming a Food Crisis
Europe Is Wargaming a Food Crisis (Bloomberg) — The combined forces of El Niño and La Niña have crippled Latin American soy output. Ukrainian and Russian grain farmers have gone to war. Indonesia has banned shipments of palm oil to Europe, while China is hungry for crops. The Mediterranean region is getting more like a […]
Europe Is Alarmed Enough To Begin Wargaming A Food Crisis
Europe Is Alarmed Enough To Begin Wargaming A Food Crisis Governments of the European Union are engaged in wargames which simulate and foresee a global food crisis. A mix of major factors including the Russia-Ukraine war and impact on grain supplies there, as well as weather events like El Niño and La Niña and their impact on […]
France Hit By Strikes, Protests Amid Outrage At Hiking Retirement Age To 64
France Hit By Strikes, Protests Amid Outrage At Hiking Retirement Age To 64 French labor unions have been holding several days of mass strikes and protests against raising the retirement age, in a test of the momentum driving defiance to Emmanuel Macron’s signature economic reform… which is hardly surprising: France is one of the biggest […]
Amazon Packages Burn in India, Final Stop in Broken Recycling System
Amazon Packages Burn in India, Final Stop in Broken Recycling System Plastic wrappers and parcels that start off in Americans’ recycling bins end up at illegal dumpsites and industrial furnaces — and inside the lungs of people in Muzaffarnagar. Muzaffarnagar, a city about 80 miles north of New Delhi, is famous in India for two […]
The US Northeast is hurtling toward a winter heating crisis
The US Northeast is hurtling toward a winter heating crisis Linda and her husband, Jeff Grossman, has been hit hard by the cost of home heating oil. She’ll probably end up spending $3,200 this winter for oil, about 60 percent more than last winter.MATTHEW J. LEE/GLOBE STAFF In the most densely populated corner of the […]
Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments
Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs). In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country’s Central Bank Digital Currency […]
Glencore Says This Time Is Different for Coming Copper Shortage
Glencore Says This Time Is Different for Coming Copper Shortage (Bloomberg) — Glencore Plc added its voice to a chorus of miners warning of coming copper shortages, arguing that a “huge deficit” is looming for the crucial industrial metal. Chief Executive Officer Gary Nagle said that while some people were assuming that the industry would […]
UAE Plans $150 Billion Spending Spree To Boost Oil Output To 5MM Barrels By 2027
UAE Plans $150 Billion Spending Spree To Boost Oil Output To 5MM Barrels By 2027 With oil tumbling ahead of the grueling 2023 recession, the last thing OPEC+ and (bullish) oil traders wanted to see is even more supply coming on line, and yet that’s precisely what the a core gulf hub is proposing. According […]
Power Blackout Risks Loom For Quarter Of All Americans
Power Blackout Risks Loom For Quarter Of All Americans The US heating season has officially begun, and new warnings show that a quarter of all Americans could experience energy emergencies this winter if temperatures fall below average due to tight fossil fuel supplies. Power grids from the Great Lakes to Louisiana, New England, Carolinas, and […]
The Regime Is Shifting, And Here’s What That Means
The Regime Is Shifting, And Here’s What That Means Authored by Simon White, Bloomberg macro-strategist, The macro landscape is changing. Inflation will remain in an elevated and unstable regime, but the first stage of the crisis is drawing to a close. That means the dollar in a downward trend, bonds in an upward trend, stocks underperforming […]
Peak Oil Has Finally Arrived. No, Really
Peak Oil Has Finally Arrived. No, Really Those who have called a top in oil may finally be proven right as sharp global rate hikes hurt consumption. Is the sun setting on oil? Photographer: Jason Alden/Bloomberg I’ve rarely felt more trepidation about writing a column than this one. But here goes: After more than a century […]
German Oil Refiner Observes “Run” On Diesel & Heating Oil, Halts Deliveries
German Oil Refiner Observes “Run” On Diesel & Heating Oil, Halts Deliveries The latest sign Europe’s energy problems are worsening is that Austrian oil and gas firm OMV AG halted crude product deliveries from storage facilities in Germany amid a “run” on supplies, Bloomberg reported. OMV Germany said two storage facilities in the southern part of the […]
Just a hint from the mainstream that limits precipitate rising oil prices
Just a hint from the mainstream that limits precipitate rising oil prices Last week a Bloomberg writer at the very end of an article explained that the “only solution” to high gasoline and diesel prices is recession. While I would not accuse the writer of advocating degrowth—this would be too radical for a mainstream business publication—his […]
