America Has Lost the Trade War with China, and the Real Pain Has Yet to Begin

Charles Hugh Smith: https://charleshughsmith.blogspot.com/2021/07/america-has-lost-trade-war-with-china.html Corporate America sacrificed national interests in service of greed, and so did the U.S. government. As we all know, the source of Corporate America’s unprecedented explosion in profits in the 21st century is the offshoring of manufacturing to China. If you doubt this, please study the chart below of corporate profits. ApologistsContinue reading “America Has Lost the Trade War with China, and the Real Pain Has Yet to Begin”

Will there be blood?

Simon Watkins explains some oil realities: https://oilprice.com/Energy/Energy-General/The-Real-Reason-Oil-Prices-Arent-At-80.html The Real Reason Oil Prices Aren’t At $80 By Simon Watkins – Jul 21, 2021, 8:00 PM CDTTrade Oil Futures And Energy Stocks The UAE’s awarding last week of a slew of huge drilling contracts aimed at increasing its crude oil output capacity from around 4 million barrels per dayContinue reading “Will there be blood?”

If it’s somethin’ weird an’ it don’t look good

If there’s somethin’ strange in your neighborhoodWho ya gonna call?(Ghostbusters!)If it’s somethin’ weird an’ it don’t look goodWho ya gonna call?(Ghostbusters!) With the “Federales” talking up more lockdowns, their Ministry of Truth expanding and formalizing their diktats to their all-too-enthusiastic oligarchical cronies, and the casino face-planting while inflation steps up, it makes you wonder: howContinue reading “If it’s somethin’ weird an’ it don’t look good”

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”