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Green Energy California Burning Massive Amount Of Natural Gas To Generate Electricity To Keep The Lights OnSeptember 9, 2022
The so-called Green Energy State that announced the banning of sales of gasoline vehicles in 2035 is burning a massive amount of fossil fuels just to keep the lights on. Yes, indeed... California's Electric Grid used 4 TIMES more Natgas Power than Wind & Solar... what do you think of them apples...
At the time, the hoard was one of the largest Viking Age hoards to be found in this country with more than 200 silver items, including 10 complete arm rings, two finger rings, 14 silver ingots and 27 Anglo Saxon, Viking and Arabic coins.
Consumer Credit Unexpectedly Slows As New Auto Loans Stumble On Soaring Rates Sep 8, 2022 - 12:51:17 PDT
One month after the 2nd biggest monthly increase in consumer credit in US history, which in turn was just two months after the biggest surge in credit card and student/auto loans on record, in July the growth in consumer credit unexpectedly slowed to just $23.8 billion, down sharply from $39.1 billion in June, and the second lowest monthly increase of the year...
"There Is Simply No Way Out" - Charles Nenner Warns Of 'Anti-Dollar' Global War In H2 '23Sep 8, 2022 - 12:26:10 PDT
Nenner has never been more bullish on gold and silver. He says because of the massive money printing, there will be massive inflation. Nenner says, You have to buy gold and silver...Gold will be up strong up until 2027, but you have to have a strong stomach to take the ups and downs.”
This debt trap raises acutely the long-standing question about central bank policy: How can politicians and the public be convinced that a mild recession now is a price worth paying for a much worse recession later? Central bank independence is at risk.
Recklessly late, it hiked a lot faster than forecasters even imagined a few months ago: 125 basis points in two meetings and promising more.
Sep 8, 2022 - 12:11:57 PDT
Let's tune into the the ECB's Press Conference hosted by Christine Lagarde, President of the ECB and Luis de Guindos, Vice-President of the ECB.
Chicago Fed President Still Sees 3.5% to 4% Peak for Federal-Funds Rate: WSJSep 8, 2022 - 12:01:31 PDT
Federal Reserve Bank of Chicago President Charles Evans said Thursday he is undecided on what size interest rate increase he will support at the central bank’s meeting later this month.
Jeff Clark has been away for a few weeks ‘kicking rocks’ at silver mines. Join us for today’s video in which Mike Maloney and Jeff cover silver’s market action, and some breaking news on mining stocks.
A review of a liquidity source for U.S. lenders highlights the importance of funding costs as rates rise and the Fed’s balance sheet shrinks.
Sep 8, 2022 - 11:02:32 PDT
The European Commission is also examining measures to help with liquidity. These could include credit lines from the European Central Bank, new products as margin collateral, and temporary suspensions of derivatives markets, according to a policy background paper seen by Bloomberg News.
There is a reason why despite fundamentals, yields and newsflow screaming for lower prices, US equities simply refuse to sell off: it's because investors know that the moment the Fed pivots dovish and capitulates on its tightening cycle (a move which could take place at any moment since it is as much political as it is financial), risk will explode limit up...
Quoted by TASS this morning:
Sep 8, 2022 - 09:05:07 PDT
Under this Robin Hood setup, clean energy companies will be forced to give up profits to help consumers and non-clean energy companies are supposed to make a “solidarity contribution” as well.
Sterling's slide against the dollar to a rate last seen in 1985 has sparked talk of a dramatic spiral downwards that ends in a collapse in confidence in British assets and a balance of payments crisis. Fund managers, analysts and former policymakers believe such a scenario is unlikely, but suspect the pound will need to get cheaper before investors return. The currency fell to as low as...
Sep 8, 2022 - 08:02:14 PDT
Republican President Gerald Ford was simultaneously one of the luckiest and unluckiest presidents when he took office in 1974. He was lucky because he got the job without ever being on a ballot outside of Michigan's 5th Congressional District. He was unlucky because the country was experiencing the worst inflation since 1947.
Sep 8, 2022 - 07:41:20 PDT
The Fed’s quest to hammer inflation into submission is likely to piece various asset bubbles raging around the economy, like housing. And The Fed hasn’t really begun to shrink their pro…
In my previous GDPNow Update on August 24, I commented "Even if you believe in a big economic boost from the July jobs report, housing erased those gains and more for the GDPNow Real Final Sales estimate."
Student Loan Forgiveness Could Result in a $2,500 Burden per Taxpayer, Research FindsSep 8, 2022 - 07:36:46 PDT
Federal student loan forgiveness will cost hundreds of billions of dollars. Those costs likely will eventually be passed on to taxpayers, some experts argue.
Let’s see how brave these investors are when they feel all of that downdraft because the plane is going to drop quickly at that point and end wearing the tarmac for a hat.