Monetary Politburo News

The “Martens” at Wall Street on Parade weighed in today on the dynamics of endless money creation: https://wallstreetonparade.com/2021/02/wall-street-sends-a-message-to-the-fed-we-have-run-out-of-places-to-stuff-your-treasuries/ The practical dynamics. As in “where all this sh___ goes” dynamics. Recall we have a monetary politburo for all sorts of reasons you likely heard before – bankers want to offload their liquidity risk onto the public,Continue reading “Monetary Politburo News”

ERCOT Margin Call

ERCOT is a “just-in-time” energy market without a capacity market and missing the ability to “call” adjacent systems or ready-to-go capacity to cover supply shortages. And so, – surprise, surprise – market clearing prices can get rather spikey when confronted by high demand and limited capacity. As reported by Zero Hedge: https://www.zerohedge.com/commodities/texas-grid-operator-warns-defaults-credit-crisis-develops The Texas energyContinue reading “ERCOT Margin Call”

The Hard Realities of Population Dynamics and Accelerating Debt

Chris Hamilton’s Econimica blog remains one of my favorites. In his latest posting, Chris’s punchline remains on-point and entertaining Some say these are the seeds of the second American revolution as a class of unelected, undemocratic central bankers enrich a tiny majority at the expense of the majority…but I just like making colorful charts. IContinue reading “The Hard Realities of Population Dynamics and Accelerating Debt”

The Blackouts That Go With Going Green

With the Modern Solar Minimum upon us, better get used to colder winters over the next 3 decades. Solar Cycle 24 (December 2008 – December 2019) is recorded as the weakest in magnitude since 1957 (Hajra, 2021). That cycle is consistent with the so-called “hiatus” that ran through 2013. Here is how Cycle 24 fitsContinue reading “The Blackouts That Go With Going Green”

Lunatic Fringe, I Know You’re Out There — Way Out There

Zman: https://thezman.com/wordpress/?p=22800 Z-man’s best lines in bold The Ride Never Ends Posted on February 10, 2021 The reboot of last year’s big political flop, otherwise known as Trump Impeachment, hit the big stage in DC this week. The Senate kicked off the show with a debate about the constitutionality of the whole thing. The old rule ofContinue reading “Lunatic Fringe, I Know You’re Out There — Way Out There”

The Red Ponzi Outlines Its Expectations from China Joe, the Oligarch Sock Puppet — Or Else [Jeff Bezos, Tim Cook, Tom Dorsey, …]

And Blinken blinks From Epoch Times: Beijing Hints at What It Wants of US-China Relationship Through State Media BY NICOLE HAO February 9, 2021 Updated: February 9, 2021 Chinese state-run media Xinhua published a series of four commentaries in which it called on the new U.S. administration to “lead the U.S.-China relationship back on track” after years ofContinue reading “The Red Ponzi Outlines Its Expectations from China Joe, the Oligarch Sock Puppet — Or Else [Jeff Bezos, Tim Cook, Tom Dorsey, …]”

Car Wreck

Jill Mislinski: https://www.advisorperspectives.com/dshort/updates/2021/02/04/vehicle-sales-per-capita-as-of-december-2020 The latest data point is the December count published by the BEA in their monthly Auto and Truck Seasonal Adjustment report, which shows a seasonally adjusted annual rate of 16.3 million units, which is a 4.0% decrease from the previous month’s figure from the BEA. The first chart shows the series since 2007, which illustratesContinue reading “Car Wreck”

Z Man on Oligrachy and the Theory of Egalitarian Collectivism

The nation-state was the recognition that human identity groups were the basis of human organization. A stable country like Great Britain had a common language and history. Identity groups like Welsh and English were sublimated to the British identity. Even so, they had their own cultural spheres that were tolerated and respected by the whole.Continue reading “Z Man on Oligrachy and the Theory of Egalitarian Collectivism”

The Sock Puppet Administration – NOT “The Onion”

This is not a joke though it is pretty funny: Kamala Harris says the West Virginia coal miners who have lost their jobs because of the policies she and Joe Biden are pushing can be trained to reclaim “abandoned land mines.” “Job creation around, for example, all of those skilled workers who are in theContinue reading “The Sock Puppet Administration – NOT “The Onion””