ESG Feeding Frenzy Halted

“Trust science, not the scientists”. Particularly true in the ESG space where Woke Corps front-run set-asides to their contributors by Congress. Judge Terry A. Doughty of the U.S. District Court in Monroe, Louisiana issued a preliminary injunction blocking the Biden administration from pausing new oil and gas leases on federal land. Judge Doughty of the U.S. DistrictContinue reading “ESG Feeding Frenzy Halted”

Bankrupt State – Spiking Inflation

History teaches that oligarchies and their statist allies (“public-private partnerships”) suck the life out of a nation and its economy as soon as they get a bite on sufficient power. Yet, a lot of people support this dynamic – PPPs. Govetnment “investment” in “the future.” I suspect they hope to get a taste for themselvesContinue reading “Bankrupt State – Spiking Inflation”

Banana Republic – Literally

The Personal Current Transfer Receipts (PCTR) report summarizes government social benefits and net current transfer receipts from business (unemployment). Simply put, it’s government welfare. And that welfare is behind the record surge in personal income in March when China Joe, the Sock Puppet “president,” distributed $1.9 trillion in “stimulus checks”. March PCTR payments ballooned toContinue reading “Banana Republic – Literally”

Best of Times, Worst of Times

The February US trade deficit was up 4.8% to a record $71.1 billion as Americans snap up imports with credit cards and Federal handouts. Such is what happens when the Federal Government goes deeper into debt to create money to distribute to American citizens, permanent residents and foreign nationals illegally in the US. Recall theContinue reading “Best of Times, Worst of Times”

Hot Money, Unraveling Economy

On St. Patrick’s Day, Charles Hugh Smith succinctly summarized the melt-up of the US economy (https://www.oftwominds.com/blogmar21/dead-money3-21.html) In the era of widespread prosperity in the 1960s and 1970s, the velocity of money ratio remained in a band between 1.7 and 1.8, moving up toward 2 in the inflationary late 70s as it made sense to tradeContinue reading “Hot Money, Unraveling Economy”

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”