August 26, 2022
What the wise man does in the beginning,
the fool does in the end.
– Warren Buffett
THOUGHTS FROM DOUG
Can someone please send me the climate science article that predicted severe droughts in 2022? Scientists should know everything, right?
Have we reached peak TV? Have we reached peak social media? I sure hope so. Media is only a derivative of the real. And the media is made by people who seek to make money off and/or control you.
Given the Sri Lanka disaster caused by following green agricultural policies, why is it that the Dutch and Canadian governments want their ag industries to do the same?
Has Twitter been misleading everyone about its operating metrics? If so, some Twitter and former Twitter heads may roll. Elon Musk will certainly not be closing a deal if Twitter’s been lying about its user community. And if it proves true that they’ve been gaming their user numbers, should we wonder about the data that drives Facebook’s and Google’s advertising revenues, profits…and valuations?
Who are the good guys in the world? Who are the bad guys in the world? To the common folk of the world, does it matter?
Do most people in the world even have the time to understand science, politics or the kind of government they have? If there’s enough food on the table and a little “party” to have every now and then, do they care?
You know what new infrastructure construction and new mining to make renewable energy stuff means? It means expanding environmental destruction even more. Get your head around that.
Given the boom in summer vacations, Q3 GDP should theoretically have strong momentum from July and August. So if Q3 GDP comes in negative, we may have something to worry about.
How do you screw up a country? Well if Argentina is any example, you do it by letting the government control too much.
What if the soft landing recession lasts a very long time?
THE ECONOMIC VIEW
Global slowdown is happening
How do we get out of a global recession?
Cell phone buyers hit pause
20MM homeowners late on power bills
The restaurant recovery is retrenching
Vital commodity industries are buckling
Homebuilder orders shrink 60%
New home sales are collapsing
It’s not nice out there for some folks.
E-commerce revenue expected to fall
This would be the first year ever.
THE INFLATION BOGEYMAN
Cup of Joe about to get more expensive.
Brazil struggles with arabica crop
High crude prices are here to stay
If so, stagflation may be as well.
THE LABOR VIEW
American Opportunity Survey
McKinsey dives deep into the job world.
Quiet quitting has gone global
Work seems to have lost its meaning for many.
Ford to lay off a few thousand
Making EVs requires fewer workers.
US companies reshoring jobs
A record number of jobs are coming home.
MEANWHILE IN EUROPE
Europe is in an “impossible situation”
Says ECB President Lagarde.
Germany expects significant inflation
Germany needs an energy Marshall Plan
Yet Europe may be just fine this winter
UK household energy costs to rise 80%
European sovereign debt is not tradable
No ECB safety net makes for uncertainty.
EU energy groups about to surrender
And pay Russia in rubles.
THE NEW ENERGY TRANSITION
Australia LNG production to increase
After Shell signs a new labor agreement.
Rich countries gobble up fuel.
Leaving poor countries in a big mess
PLAYING WITH FIRE
Here comes the “Kyiv Initiative”
Ukraine and its neighbors come together.
There will be no mediated end to the war
Suggests a Russian diplomat.
Russians line up to steal Western IP
The nationalization of Western assets has begun.
The world’s manufacturing superpowers since 1990
Great time-series racing bar video.
Vietnam’s economy is growing like wildfire
But it needs better infrastructure.
Pakistan seeks Middle East support
Is their economy in trouble?
A NEW WORLD ORDER?
Russia and Iran in railway talks
Birds of a feather get closer together.
Why does Europe want it?
Hasn’t Russia-Ukraine taught us anything?
THE FINANCE WORLD
China’s biggest Wall Street bull
Just liquidated a bunch of China stocks.
Spyware is a global threat
To human rights and democracy.
Methane emissions are soaring
Is it hydrocarbons, or is it something else?
We need more multifamily housing
Yet proponents also cry NIMBY.
Sea turtles return to Mississippi beach
Is climate change the reason?
THE CRYPTO MEME
Because of its decentralization
Regulating crypto may be impossible.
A 30 year old is trying to save crypto
Wunderkind or delusional?
THE NEXT NORMAL
Going soft on crime
Is crashing and burning
THE WAR ON CARBON
Japan recommits to nuclear power
They want to build more plants.
The perfect energy storm
Coal use and carbon prices in Europe.
Private jets are a carbon hog
The French government is tired of it.
Is New York headed to a fuel crisis?
They don’t have enough fuel inventory.
THE EV DREAM
Getting a Tesla fixed
Can be a nightmare.
EV truck maker Rivian cuts back
The beginning of the end?
THE CHINA SYNDROME
Taiwan eyes large defense budget increase
Bulking up, just in case?
Fed Chairman remains an inflation hawk
Not good for stock prices and mortgage rates.
Biden commits another $3B in Ukraine support
Our weapons and their soldiers. Hmmm…
MAKING A BETTER YOU
How to rest well
Highly important to a satisfying life.
The Feynman Technique
Supercharge your learning skills.
Incompetent people are often confident people
They don’t know how incompetent they are.
HOW ABOUT A BREAK
It’s older than Stonehenge
Now visible because of drought.
$21 BILLION dollars
Are lying around in unused gift cards.
SONG OF THE WEEK
VIDEOS OF THE WEEK
Sharks are affectionate creatures
You won’t believe this video.
The Blonde trailer
Marilyn Monroe, once again.
Netflix documentary, Running With the Devil
John McAfee’s wild ride.
CASTING AROUND THE PODS
“Larry Summers: The High Price of Getting it Right”
Inflation Reduction Act, new McCarthyism, and more on Bari Weiss.
FROM THE HEADHUNTER’S KITCHEN
IN CASE YOU MISSED IT
Is Climate Change Really from Hydrocarbons?
August 19, 2022
What’s an Austerity Hangover?
August 12, 202
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