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Olduvai III: Catacylsm
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Only the US Can Destroy the US Dollar

ONLY THE US CAN DESTROY THE US DOLLAR US Dollar as a reserve asset was the first “flywheel” – and only the US can destroy its own ecosystem. Being the reserve currency has enormous benefits. And in the entirety of financial history, the US is the first and only fiat reserve currency. Sterling, and any […]

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Is the Euro An Energy Problem Or A Central Bank Problem?

IS THE EURO AN ENERGY PROBLEM OR A CENTRAL BANK PROBLEM? If its an energy problem, then there is no way back. It looks more like a central bank problem to me. As mentioned in the last post, the huge break in energy prices between the US and the rest of the world could explain […]

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Peak Shale: Anadarko Just Became The First US Oil Producer To Slash CapEx

Peak Shale: Anadarko Just Became The First US Oil Producer To Slash CapEx It appears that Horseman Global’s Russell Clark may have been spot on with his bearish take on the US shale sector. As a reminder, in his latest letter to investors, Clark said that “the rising decline rates of major US shale basins, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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