Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary”
06/11/2021 6:31 AMThe Consumer Price Index jumped 0.6% in May, after having jumped 0.8% in April, and 0.6% in March – all three the steepest month-to-month jumps since 2009, according to the Bureau of Labor Statistics today. For the three months combined, CPI has jumped by 2.0%, or...
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Let’s Get ‘Em Before They Get into the Work World
06/11/2021 5:36 AMA new push for 16 year olds to vote by people who would never want them to make their families major financial decisions or be tried in adult...
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Normally I Love These People But…
06/10/2021 8:34 AMI'm talking about some of my favourite economic professors - who I'm disappointed to say let me down during the pandemic. We needed critical analysis of policies not...
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Prices are rising almost everywhere you look.
06/10/2021 6:46 AMSteel, lumber, plastic and fuel. Corn, soybeans, sugar and sunflower oil. Houses, cars, diapers and toilet paper. Prices are rising almost everywhere you look. The post-pandemic recovery is in full swing and the global economy is struggling to keep up. Following a...
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The Keystone XL Pipeline Is Like 2020 Weddings…. Canceled
06/10/2021 6:35 AMCALGARY - Another Canadian oil pipeline has bitten the dust after TC Energy Corp. said it was walking away from the Keystone XL pipeline project, ending a decade-plus battle that pitted the energy industry against environmentalists as oilsands producers sought to...
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The U.S. Fed probably just got a piece of those Bitcoin junk bonds
06/10/2021 6:23 AMWhile the Federal Reserve’s top brass has cast a skeptical eye on cryptocurrencies, the central bank may be a surprisingly early adopter of the first Bitcoin-linked junk bond. After the pandemic froze credit markets last year, the Fed bought bond exchange-traded...
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Schachter’s Eye on Energy – June 9th
06/09/2021 10:05 AMEIA Weekly Data: The EIA data on Thursday June 9th was mixed. The headline Commercial Crude Inventories data was bullish as it fell 5.2Mb to 474.0Mb as Refinery Utilization rose 2.6% to 91.3% last week (last year was 73.1% and two years ago, 93.2% as refiners ramped...
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Secretive World of Diamonds Is in the Grips of a Buying Frenzy
06/09/2021 6:58 AM(Bloomberg) -- At the latest De Beers diamond auction this week, buyers shopping for the kind of stones used to make an average engagement ring were in for a sticker shock: some prices had ballooned by 10% since the last sale. News of the unusually sharp increases...
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The Crypto Future of Work
06/09/2021 6:20 AMThings are done differently in the world of blockchains and decentralized finance. And they offer a vision of what all careers and corporations could look like one day. The Crypto Future of Work In the future, you'll work with people you don't know, on projects you...
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The Anti-Big Business Rhetoric Dangerously Superficial
06/09/2021 5:53 AMI love it when the anti-corporate crowd takes out their cell phones to post on Facebook or buy on Amazon - while wearing their Karl Marx t-shirt shouting down with big...
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