Archives for Macro - Page 2
When the money printing and handouts commenced with the Covid-19 lockdown, there were immediate fears of inflation or even hyperinflation. The thought was that with so much more money chasing the same goods, prices would inevitably rise. While some items, such as some food, did show minor rises, in the…
Electric vehicles (“EV’s”) are commonly thought of as low/zero emission saviours of the planet. They are not. China has the world’s largest EV market, and some of the dirtiest coal-fired power plants. In effect, EV’s in China are much more polluting than petrol- and diesel-powered vehicles. In fact, it is…
Energy return on investment (“EROI” or “EROEI”) is a measure of the surplus energy to that required to produce the energy. A high EROI provides society with abundant, low-cost energy. This in turn allows the development and sustenance of complex industrial societies. A low EROI provides a restricted amount of…
The common theme in the quotes below is that fiat currency, such as the USD, always reverts to zero value. This is surprisingly supported by central bankers themselves, as you will see below. Further, the continued issue of money, as has been the case for the last 10 years, tends…
In 2019 Blackrock Inc was criticised for the environmental impact of its holdings in oil and gas and coal. Blackrock is the world’s largest fund manager with UDS7 trillion under management. Last week it announced that it would be divesting all thermal coal stocks where coal was more than 25%…
There is much speculation today as to when the USD will cease to be the world’s reserve currency. Of course, the US itself is hastening its currency replacement through various sanctions and trade wars. So, the end is nigh. The excellent chart below (source: The Burning Platform) suggest that the…