The recent cancellations of major offshore wind projects have erased billions of dollars in planned spending and put at least 9.7 additional gigawatts of offshore wind projects in the U.S. at risk…
Investors Go ‘All In’ on the Soft Landing Narrative…
Investors have now gone “all in” on the soft landing narrative, just like they did in 1989, 2000 and 2007…
Dutch PM Who Presided Over ‘Farmer’s Revolt’ Resigns As Coalition Government Crumbles…
Dutch Prime Minister Mark Rutte has submitted his government’s written resignation to King Willem-Alexander, who interrupted his holiday to receive it…
CPI Tumbles to 2-Year Lows, But Goods Prices Reaccelerate; Inflation Outpaces Wages for 26th Straight Month…
With CPI set for a ‘historic drop’, the market has FOMO’d into this print (and tomorrow’s FOMC) with the headline print expected to tumble from +4.9% YoY to +4.1% YoY. However, The Fed’s new favorite signal from The BLS is Core Services CPI Ex-Shelter, and that declined to +4.6% YoY – lowest since March 2022…
“A Lot More Bodies Coming” – Druckenmiller Warns of “Hard Landing”, Blasts Fed “Free Money” Making People Do “Really Stupid Things”…
Stan Druckenmiller thinks the US economy is teetering on the edge of a recession, predicting a “hard landing”, and warning that “there’s a lot more bodies coming” with regarding regional banks and corporate bankruptcies…
Russian Pranksters Strike Again – Chairman of the Federal Reserve Jerome Powell Was Their Target…
Russian pranksters Vovan and Lexus ensnares Chairman of the Federal Reserve Jerome Powell in a 16-minute phone call who believed he was talking to Ukraine’s President Volodymyr Zelensky…
Britons ‘need to accept’ They’re Poorer, Says Bank of England…
Chief economist Huw Pill says workers and firms should stop trying to pass on rising costs by hiking prices or demanding better wages…
Right, OilPrice.com, Wind Power Is Unprofitable…
A recent article at OilPrice.com explains how wind power is unprofitable, going into detail on some of the economic hurdles that industrial wind power development has encountered…
“The Crisis Is About to Get Much Worse…Jeffrey Sachs…
University Professor at Columbia University Jeffrey Sachs spells out what American’s are facing with the incredibly unstable financial system promulgated by the Federal Reserve, central banks, too big to fail banks and the governments in the United States and Europe…
Former Assistant U.S. Treasury Secretary Warns of Dollar Collapse, ‘Raging Inflation,’ Digital Currency…
‘If Saudi Arabia decides to join with America’s enemies here and start trading oil in different currencies,’ the result will be ‘a complete implosion of the global economic system, but certainly the American economic system,’ Monica Crowley said…
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