Solar Minimum and Plunging Cold

Europe has been taking it on the chin this month pushing up European power and gas prices to their highest levels in years, and record spikes in power markets. “The current cold spell in the northern hemisphere is paving way for a tighter global gas market throughout the year,” said Massimo Di Odoardo, director ofContinue reading “Solar Minimum and Plunging Cold”

Capped Demand

Per WSJ: Global appetite for oil will remain subdued in the first quarter of 2021 due to coronavirus lockdown measures and rising infection rates, the Organization of the Petroleum Exporting Countries said Thursday. In its monthly report, OPEC maintained its forecast that world oil demand in 2021 won’t recover to the levels seen before theContinue reading “Capped Demand”

Cancel Yourself

Michael Krieger: In this regard, I have a simple suggestion. Cancel Yourself. Unshackle yourself mentally from our suffocating and bland corporate culture while you still have a chance to do it voluntarily. Cancel yourself before they have a chance to cancel you. In this there is power. You’re taking charge and acting proactively as opposed to reacting. WeContinue reading “Cancel Yourself”

Greenwald on Anti-competitive Behavior

Greenwald: “If one were looking for evidence to demonstrate that these tech behemoths are, in fact, monopolies that engage in anti-competitive behavior in violation of antitrust laws, and will obliterate any attempt to compete with them in the marketplace, it would be difficult to imagine anything more compelling than how they just used their unconstrainedContinue reading “Greenwald on Anti-competitive Behavior”

Spiking LNG Prices as Grand Solar Minimum Weather Patterns Appear

This is the first winter since the onset of the Grand Solar Minimum. And the impacts are sharp and immediate. LNG prices hit new records as temperature in Asia and Europe drop precipitousely amist tight supples. The historic Arctic blast is set to continue across Asia, with Beijing recording -19.6C on Thursday morning–the city’s lowest temperatureContinue reading “Spiking LNG Prices as Grand Solar Minimum Weather Patterns Appear”

Supply Chain Disruption

As Tyler observes, ISM falsely shows an uptick when, in fact, delivery time extension is more indicative of a supply chain disruption. Recall US industrial production remains stalled 5.6 percentage points below the long-run average. Nothing like this ever happened before. https://www.zerohedge.com/markets/ism-manufacturing-unexpectedly-soars-supplier-delivery-times-spike

Inflation Ahead? Or Is It Already Here?

Here is the M1 – the most liquid of all measures of the USD money stock. Note the growth during the Obama years following the Great Financial Crisis. Slowed a bit under Trump. But relentlessly grew faster than the economy. Until CoVid hit when the M1 exploded. Until November 2020 when the M1 went hypersonic.Continue reading “Inflation Ahead? Or Is It Already Here?”

“A Personal Financial Disaster”

Quite a year: Socialist governments have slaughtered small businesses by the thousands, with more than 70 million new claims for unemployment benefits have been filed since the COVID pandemic first started. A brutal, government-mandated economic depression. A Federal government carrying over $27 trillion in debt. A OnePoll survey reports 55% of Americans consider 2020 aContinue reading ““A Personal Financial Disaster””

Death of the Middle Class – Killed by Deficits, Stimulus, and the Monetary Politburo

My old professor, Murray Rothbard, explained the dynamics decades ago: “The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripplesContinue reading “Death of the Middle Class – Killed by Deficits, Stimulus, and the Monetary Politburo”