The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes
China’s deflating property bubble is imperiling the world’s second-largest economy with effects that could ripple for years. Home prices are dropping in many cities after...
Goldman Sees $5 Gasoline, $130 Brent By Year End
The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by...
Gold gains, set for weekly rise as U.S. yields drop
Gold headed for fourth straight weekly gain U.S. Treasury yields dip Aug 12 (Reuters) – Gold prices drifted higher on Friday helped by a drop...
Epic Collapse Is Upon Us
What’s wrong with the world? Let me count the ways… The Western gambit against Ukraine is a bust, a foolish miscalculation that was obvious from...
From Davos Without Love – True Detective or True Conspiracy
From the point of ignitionTo the final driveThe point of the journeyIs not to arriveAnything can happen — Rush, Prime Mover Sometimes I wake up...
Why the U.S. is struggling to modernize its power grid
Blackouts are growing more frequent in the United States. The average American experienced just over eight hours of power outages in 2020, with overall duration...
US Industries Are Buckling Under Pressure of Surging Electricity Costs – Mish Talk
EIA data by user classification, chart by Mish Rising energy bills have forced companies to scale back industrial operations, threatening a greater drag on the...
The $369 Billion Promise That Sent Clean Energy Stocks Soaring
Dozens of renewable energy stocks are soaring after the U.S. the Senate passed a historic climate and energy bill that experts have hailed as the...
UMich Sentiment Jumps But Long-Term Inflation Expectations Unexpectedly Rise
On the surface, today’s UMichigan consumer sentiment print came well above expectations (as one would expect with the midterm elections just 3 months away): the...
Grocery Inflation Hits Highest Level in 43 Years Despite Biden’s ‘Zero’ Inflation Messaging
While the annual pace of inflation in the United States eased slightly in July, a deeper dive into the numbers reveals that some of the...