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...]
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...]
Waiting for Inflation – Waiting for Godot?
Monday I see headlines warning of inflation (meaning rising prices), even hyperinflation. These predictions have ebbed and flowed for just under twenty years and many a commentator has a face full of egg. Not that any of them have acknowledged being wrong, or apologised for misleading their readers. Their basic problem was the belief that the more credit notes (fiat) … [Read more...]