“Everything you can think of is going up”
05/13/2021 6:42 AMYou may have already noticed it, but yes, many things you need or love have gotten more expensive, a lot more expensive. Consumer prices surged 4.2% in April from the depressed levels of a year earlier when the global economy was hit hard by the coronavirus...
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Here’s a shocker: Amazon and Apple are plotting…
05/13/2021 6:31 AMThe Washington Post recently showcased Apple and Amazon’s quiet construction of 2 large-scale wireless networks. The kicker? These networks work independent of WiFi and cell towers. Instead, they use consumer products like Echo speakers and iPhones. The 2 networks,...
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Public Servants are Concerned
05/13/2021 6:09 AMPrograms are announced - and THEN goals, measurements and how they are going to be carried out are figured out. Big announcements with nothing behind them in terms of...
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Colonial Pipeline says it’s returning to service after ransomware attack
05/12/2021 3:00 PMAtlanta's Colonial Pipeline said Wednesday evening it is beginning to return to service, days after it halted most operations following a ransomware attack, leading to fuel shortages along the East Coast. Colonial Pipeline initiated the restart of pipeline...
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Schachter’s Eye on Energy – May 12th
05/12/2021 9:53 AMEach week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy and energy service companies with...
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The Consumer Price Index Is Not Economic Reality
05/12/2021 6:58 AM“While figures will not lie, liars will figure.” (Bloomberg Opinion) -- At 8:30 a.m. Eastern Time on Tuesday, the Bureau of Labor Statistics delivered its latest measure of inflation – the Consumer Price Index – with an aura of objectivity akin to the National...
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Spot gas shortages could worsen if Colonial Pipeline doesn’t reopen by the weekend
05/12/2021 6:18 AMKEY POINTS Localized gasoline shortages could get worse and prices could jump even more if the Colonial Pipelne is not restarted by the weekend, as the company projected. Gasoline stations ran out of fuel in some states and prices jumped by more than 10 cents...
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Billions of Goods Made With Slave or Child Labour are Sold in Canada
05/12/2021 6:10 AMIf you found out your iPhone or Adidas or Tommy Hilfiger were made by slave labour would you care? So far the government doesn't but do...
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The Lumber Market Delirium
05/11/2021 8:33 AMAs government-imposed lockdown measures confined hundreds of millions of Americans to their homes, many began to entertain DIY projects they previously hadn’t the time or resources to complete. Over 75 percent of homeowners surveyed by Porch.com in July 2020 had...
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Tom Brady rumors popped up over the weekend
05/11/2021 6:58 AMBut it had nothing to do with his on-field performance. The 7x Super Bowl champ was reportedly negotiating his salary to be paid in bitcoin. Tom Brady, the seven time Super Bowl champion, adds “laser eyes” to his twitter profile picture, a trendy indication of one’s...
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