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”
Category Archives: Systemic Risk
A Blue Wave of Helicopter Money
Corporate elites get their payday. As for the rest? Qu’ils mangent du gâteau. And remember what history teaches happens next: après moi le déluge https://www.zerohedge.com/markets/here-are-full-blue-wave-implications-politics-markets-and-economy
Systemic Risk in the Red Ponzi
According to Reuters, Beijing now wants a full accounting of everything going on at local developers. “The government is monitoring everything now, unless you want to cheat, but they will be able to tell from your monthly figures,” said a senior executive at one of the developers in the pilot scheme. Following concerns of too much developerContinue reading “Systemic Risk in the Red Ponzi”
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