Wednesday Yes, price inflation is now in our near future. Too much hope and false promise has been invested in solar and wind power scams and too much exploration capital has been denied the oil companies by banks with Green shareholders. If that falling oil production meets increased demand, and there is a 40% rise in oil demand predicted for the next decade, … [Read more...]
The Warming Herring
Monday Global Warming is the greatest ever Red Herring, but it has to be acknowledged that it is also the most successful. A whole generation of children have been indoctrinated with the belief that unless we destroy Western Civilization by removing the use of fossil fuels, then Western Civilization will end. It is a combination of Chicken Little writ large and the … [Read more...]
A Spot of Bother
Thursday The economy of the EU is in big trouble. ECB president, Mario Draghi, has suggested that he is going even deeper into negative interest rate territory in the effort to spur growth. The only growth in the EU is in migrants – migrants who don’t work but who immediately go onto welfare. Most with zero plans to ever get off welfare. Needless to say, … [Read more...]
Zombieland
Wednesday Central bank bluster notwithstanding, interest rates will continue to trend downward. It can be no other way. The servicing of sovereign zombie debts insists that interest rates don’t rise. And then there are the zombie debts and zombie jobs of the zombie corporations that facilitate employees taking on their own zombie loans. The aggregate of all that is what … [Read more...]
Debt Service
Wednesday Keith Weiner makes the interesting point that the dollar has value because, and only because, of the necessity to service debt. “The dollar does not have value because of some fragile, collective faith. The dollar has value because of the struggles of the debtors. What are you willing to sell, in order to avoid foreclosure on your house, repossession of your … [Read more...]