Renewables still produce roughly 3 per cent of all the world’s energy but oil coal & natural gas are drying up as investment collapses. Turbines & solar are incapable of filling this energy vacuum. Trillions of dollars have been wasted on these grotesque blots on the landscape
Contra Corner Vietnam Is Now The Fastest Growing Exporter To The US-So Much For The Falling Dominoes! – David Stockman’s Contra Corner
Contra Corner Probably Nothin’! – David Stockman’s Contra Corner
Contra Corner The Immense China Housing Bubble Is Rolling Over – David Stockman’s Contra Corner
The third revision of Q1 GDP is supposedly ancient history, but still there was some noise in this morning’s numbers that wasn’t all that.
It looks like the Fed still has a lot of anti-inflation wood to chop. The April Case-Shiller 20-City Average came in at a record +21.2% on a Y/Y basis, thereby topping by a considerable margin peak gains during the Greenspan housing bubble. Yes, they don’t include housing prices in the CPI or PCE deflator anymore, …
Washington’s cowardly proxy war against Russia reached a new level of absurdity over the weekend.
Things have come to a pretty pathetic pass when it takes Vlad Putin to explain why inflation is at 8.6% Y/Y and heading fast toward double digits.
Who said Joe Biden isn’t in touch with main street America?