“President Vladimir Putin said at a press conference following the SCO summit: ‘In the end, if it gets too hard, if everything gets so difficult, go and lift the sanctions from Nord Stream 2. Fifty-five billion cubic meters per year …
By Irina Slav As the EU ban on Russian oil and fuels looms, demand for tankers – particularly ice tankers – has been climbing. In early August, the average profit for an oil product tanker jumped to the highest level …
In November 2021, President Joe Biden proudly announced an order to release millions of barrels of oil from the Strategic Petroleum Reserve. “Today’s announcement reflects the President’s commitment to do everything in his power to bring down costs for the …
by globeworldmap How the worldwide economic crisis of 2008 manifested in Greece. It examines how the debt repayment program, which the IMF, ECB and European Commission, which is likened to the troika, implemented on Greece and which will cause a …
by Boo_Randy US braces for crisis as rail workers plot strike, 15,000 nurses walkout in Minnesota and West Coast ports could shutdown https://t.co/1abvap50VE — Daily Mail US (@Daily_MailUS) September 13, 2022 How’s that “Build Back Better” working out for ya, …
by Glenn Reynolds Do the Supreme Court’s Low Approval Ratings Show it is Undergoing a “Legitimacy Crisis”? The Court’s popularity has indeed fallen. But its relatively low approval ratings are neither unprecedented, nor worse than those of the other branches …
by confoundedinterest17 Is it sundown for housing and mortgage markets with Fed quantitative tightening (QT)? Freddie Mac’s 30-year mortgage commitment rate just rose to its highest level since … The Fed initiated Quantitative Easing (aka, fanatical money printing) during the financial …
Power firms across Europe are warning about an unprecedented liquidity crisis. Property developers across China are experiencing an unprecedented liquidity crisis. Nations around the world are bracing for a potential sovereign debt crisis. "Buy the ticket, take the ride." — …
by Charles Hugh-Smith The EU’s crisis isn’t limited to energy. It is a manifestation of the global breakdown of Neocolonialism, Financialization and Globalization. The European Union (EU) was seen as the culmination of a centuries-long process of integration that would finally …
Belgian Prime Minister Alexander De Croo warned that Europe needs to act immediately to address the energy crisis or risk the kind of fundamental economic shutdown that the bloc would struggle to recover from. “A few weeks like this and …
Clearly, economists don't understand inflation. Inflation is caused by monetary expansion. Monetary policy is the tightest in history. A supply side energy crisis is not inflation. 20 million Americans can't afford their utility bills:https://t.co/YE3wEBjst6 Or food: pic.twitter.com/r6N2eITcXZ — Mac10 (@SuburbanDrone) …
by Boo_Randy Even if you adjust for market cap, Put options bought over the past week are at extreme levels…any downside market moves will be accelerated by dealer hedging. This is 1987 all over again. pic.twitter.com/xaqfeNsD6L — ZeroHedge (@govttrader) September 8, …
By Irina Slav The European Union is struggling to find effective ways to alleviate its ongoing energy crisis. Countries have already passed windfall taxes and energy subsidies to little avail. Some are warning that the bloc’s proposed solutions are comparable …
by Michael This thing in Europe is rapidly becoming rather serious. Vladimir Putin’s decision to end the flow of gas through the Nord Stream 1 pipeline has caused an enormous derivatives crisis to erupt in Europe, and it is going to …
via naturalnews: As bad as Europe’s energy shortage was in the wake of sanctions the EU imposed on Russia following the invasion of Ukraine, it is about to enter a crisis mode. This week, Russian authorities completely shut down the Nord Stream pipeline …
via creditbubblebulletin: Global “Risk Off” gathers momentum by the week. Crisis Dynamics fester, as global central banks coalesce around a united front for battling inflation. The reality that central bankers will aggressively hike rates until something breaks has begun to sink …
by Boo_Randy High Inflation Or Recession? Remember when the corporate media said this? Absolute idiots Pretty much sums up every central bank …
by Boo_Randy No shit it doesn’t solve the underlying problem – the banking systems is insolvent. Got silver? https://www.scmp.com/economy/china-economy/article/3184968/chinas-banking-crisis-victims-promised-prompt-repayment-only Chinese authorities will start repaying some victims of one of the nation’s biggest ever financial scandals later this week after hundreds …
By Ag Metal Miner Stainless steel mills are closing across Europe due to the ongoing energy crisis. Around three million tons of Europe’s stainless steel capacity is at risk. This sort of “commodity” standoff is less than ideal. Stainless steel …
“What I see, heartbreakingly, is that our society has unwittingly, bit by tiny bit, chosen convenience and instant gratification over the effort it takes to interact with the authenticity of real people, their community of neighbours, their touchstone,” the …
Alasdair Macleod on Palisades Gold Radio Tom welcomes back Alasdair Macleod to the show. Alasdair is the Head of Research for GoldMoney and an advocate for sound money. Alasdair prefers to focus on the big picture for gold and the economy. We …
The market is again pricing in an 80% probability of Fed raising rates by another 75 bps in September… New US home sales keep plunging as inventory surges to highest level since 2009. — unusual_whales (@unusual_whales) August 29, 2022 One …
via CNN: London (CNN Business)The United Kingdom will have to find an answer to soaring energy bills soon or risk a humanitarian crisis. But freezing gas and electricity prices over the next two winters could cost the government over £100 …
By Josh Owens The Czech Republic, which holds the rotating Presidency of the European Union, will convene an urgent meeting of the energy ministers of the bloc to discuss specific emergency measures to address the energy situation, Czech Prime Minister …
by BoatSurfer600 Week 67 – 27/08/2022: People on £45,000 could struggle with bills, says chancellor.@allthecitizens #KeepingTheReceipts #Democracy #EnergyCrisis #CostOfLivingCrisis #ConservativePartyhttps://t.co/WcRYcVFgDuhttps://t.co/NQVqboCiPy pic.twitter.com/qI4mgXPUWy — keepingthereceipts (@receiptkeepers) August 27, 2022 Forget showering, it’s eat or heat for shocked Europeans hit by energy crisis Energy’s …
This is a deep dive with Danielle DiMartino Boot and Hedgeye about the New and used Car market. and how this will affect everyone!
(Bloomberg) — More than half of UK households risk being pushed into energy poverty this winter by soaring bills that threaten suppliers with rising amounts of debt that simply can’t be repaid. The crisis could have a bigger impact on …
