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Exxon Threatens to Take Billions of Dollars in Climate Investment Out of the EU
Exxon Threatens to Take Billions of Dollars in Climate Investment Out of the EU Exxon has warned the European Union that it will leave and take billions of dollars in climate investment with it unless Brussels makes it easier to spend those billions on transition-related projects. The Financial Times cited the company today as saying that there […]
The Netherlands may be the first country to hit the limits of growth
The Netherlands may be the first country to hit the limits of growth The country has 507 people per sq km, nearly five times the EU average, while liveable land is shrinking due to climate change © Harry Haysom The other morning I cycled around the Dutch town where I grew up. Behind our old […]
IEA Head Warns “Wild West” Energy Scenario Could Unravel Europe
IEA Head Warns “Wild West” Energy Scenario Could Unravel Europe The unity of EU member states could be in jeopardy as a dark winter fast approaches set to trigger a ‘continental scramble’ for energy resources. European countries would be in a “wild west scenario” in their attempt to pursue energy security which would result in […]
“Don’t Be Fooled By Recent Strength… A Post-Dollar World Is Coming”
“Don’t Be Fooled By Recent Strength… A Post-Dollar World Is Coming” The currency may look strong but its weaknesses are mounting… This month, as the dollar surged to levels last seen nearly 20 years ago, analysts invoked the old Tina (there is no alternative) argument to predict more gains ahead for the mighty greenback. What […]
The world must brace itself for a further surge in oil prices
The world must brace itself for a further surge in oil prices Outlook for production is bleak with Russian shortfalls hard to replace With Russia’s sanctions-hit oil output facing an increasingly difficult route to market, there are legitimate fears that supply could fall much further © Andrey Rudakov/Bloomberg Share on twitter (opens new window) Share […]
UK Energy Crisis Shows Danger of Net Zero Emissions Policies: Aussie Senator
The United Kingdom from space. (Anton Balazh/Adobe Stock) UK Energy Crisis Shows Danger of Net Zero Emissions Policies: Aussie Senator The push for Australia to legislate a net zero emissions target has spurred discord from some government officials who firmly believe the climate policy could harm Australia’s energy security and industry amid the UK’s own unravelling energy crisis. Australia has […]
Angela Merkel attacks Twitter over Trump ban
Angela Merkel attacks Twitter over Trump ban Russian dissident Alexei Navalny echoes criticisms levelled by German chancellor’s spokesman Angela Merkel, German chancellor, has sharply criticised Twitter’s decision to ban US president Donald Trump, calling it a “problematic” breach of the “fundamental right to free speech”. Twitter suspended Mr Trump’s account last week in the aftermath […]
The IMF Chief Economist Sees a Threat to World Economies From a Liquidity Trap
THE IMF CHIEF ECONOMIST SEES A THREAT TO WORLD ECONOMIES FROM A LIQUIDITY TRAP In the Financial Times from November 2 2020, the IMF chief economist Gita Gopinath suggested that world economies at present are likely to be in a global liquidity trap. Gopinath has reached this conclusion because the yearly growth rate of the […]
The Bank of England’s Governor Fears a Liquidity Trap
The Bank of England’s Governor Fears a Liquidity Trap The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the outgoing governor warned that central banks […]
“The Fed Was Suddenly Facing Multiple LTCMs”: BIS Offers A Stunning Explanation Of What Really Happened On Repocalypse Day
“The Fed Was Suddenly Facing Multiple LTCMs”: BIS Offers A Stunning Explanation Of What Really Happened On Repocalypse Day About a month ago, we first laid out how the sequence of liquidity-shrinking events that started about a year ago, and which starred the largest US commercial bank, JPMorgan, ultimately culminated with the mid-September repo explosion. Specifically […]
The Lessons From Japan’s Monetary Experiment
The Lessons From Japan’s Monetary Experiment A recent article in the Financial Times, “Abenomics provides a lesson for the rich world“, mentioned that the experiment started by prime minister Shinzo Abe in the early 2010s should serve as an important warning for rich countries. Unfortunately, the article’s “lessons” were rather disappointing. These were mainly that the central bank can […]
Broke Bond Markets Mounting: Italy Surpasses Greece As Europe’s Riskiest Sovereign
Broke Bond Markets Mounting: Italy Surpasses Greece As Europe’s Riskiest Sovereign As yields soar optimistically around the world, pushing negative-yielding debt below $12 trillion – the lowest since June, but hey, it’s still $12,000,000,000,000 of insanity, central-planners’ incessant meddling with global markets has sparked another WTF-moment in capital market history. A mere twelve trillion dollars worth […]
US Fast-Food Drive-Thrus Will Soon Use License Plate And Facial Recognition Technology
US Fast-Food Drive-Thrus Will Soon Use License Plate And Facial Recognition Technology License plate recognition could be the new big thing at American drive-thrus, according to FT. Chains are now looking to deploy cameras that recognize license plates and help identify customers, personalizing digital menus and speeding up sales. Starbucks began a pilot program in Korea last year […]
Weekly Commentary: No Mystery
Weekly Commentary: No Mystery January 30 – Financial Times (Sam Fleming): “After putting traders on notice six weeks ago to expect further increases in US interest rates in 2019, the Federal Reserve… executed one of its sharpest U-turns in recent memory. Leaving rates unchanged at 2.25-2.5%, Jay Powell, Fed chairman, unveiled new language that opened […]
IMF Warns World “Dangerously Unprepared” For Upcoming Global Recession
IMF Warns World “Dangerously Unprepared” For Upcoming Global Recession In the starkest warning yet about the upcoming global recession, which some believe will hit in late 2019 or 2020 at the latest, the IMF warned that the leaders of the world’s largest countries are “dangerously unprepared” for the consequences of a serious global slowdown. The […]
