July 15, 2002
We are in the middle of the first global energy crisis.
– IEA Executive Director Fatih Birol
THOUGHTS FROM DOUG
If GDP goes negative in Q2, what are the odds of the whole year going negative?
Once oil prices fall, how long before inflation also falls?
Taiwan’s government has purchased public equities to stop their stock market fall. Is this something we could expect from other market-based economies?
Over the last decade, 95% of greenhouse emissions growth has come from emerging markets and developing economies. Going forward, it is anticipated that these countries will account for 98% of global population growth and 90% of new middle class household growth. Will these countries join the movement to destroy hydrocarbons?
An over-the-counter (OTC) birth control pill may soon be available in the US. It’s already available OTC in 100+ countries. Why has the US been lagging here? Why are Western countries in general behind the curve on OTC birth control pills that could prevent unwanted pregnancies and avoid abortions? Here’s the map of the countries that offer non-prescription, OTC birth control pills.
Given that the FBI and MI6 recently warned Western companies that China is stealing their technology and trying to undercut their businesses, why is the Biden administration talking about cutting Chinese tariffs? Even Biden’s commerce secretary suggests that lifting tariffs won’t improve inflation.
All currencies are the domain of sovereign nations. If crypto is beyond the domain of sovereign nations, then it depends on an orderly global economic system to survive. Right now that global economic system is unraveling.
There are about 1.5 billion vehicles in the world. Once they’re all EVs, what are we going to do with all their used up batteries? Is California’s problem with old solar panels a canary in the coal mine?
The wisdom of the late George Carlin: “Never argue with an idiot. They will only bring you down to their level and beat you with experience.”
THE ECONOMIC VIEW
The labor shortage looks permanent
If so, wages may just have to rise.
Small businesses are depressed
NFIB index keeps falling and falling.
THE INFLATION BOGEYMAN
Penguins go on a hunger strike
Take that cheaper fish away!
Freight rates are starting to fall
Is this a sign inflation is peaking?
THE LABOR VIEW
Dissecting the Great Resignation
From the Bureau of Labor Statistics.
The mining industry needs workers
To operate the robots.
Workers aren’t going to the office
Big city employers are in a tough spot.
Quit your job every ten years
Would it be good for your career?
MEANWHILE IN EUROPE
Euro at 20-year low
They need to raise interest rates.
How to be green in Europe
Export your trash to Turkey
PLAYING WITH FIRE
Putin threatens the West
Blinken reproves China over Russia
Is Russia running out of troops?
India gets a pass on buying Russian missiles
Nord Stream 1 closed for “maintenance”
Ukrainian entrepreneurs turn to war business
Iran to supply Russia with drones
Brazil to purchase Russian oil products
Putin works the deal with Iran and Turkey
Lego pulls out of Russia
Russia’s account surplus at record high
New weapons helping Ukraine
Ukraine grain export deal may be close
IMF downgrades global growth Time for the first global recession?
THE FINANCE WORLD
Bank earnings are falling
Loan concerns are on their minds.
Liquidity is top investment priority
Cash is king as the world unravels.
THE CRYPTO MEME
God created crypto
And converted some atheists along the way.
If crypto addiction consumes you
There’s a rehab program for it.
Wall Street avoided the crypto meltdown
But individual investors didn’t.
VC fundraising about to slow
Busted tech deals are coming.
Could the EV revolution collapse?
Vanity Fair opines on EVs. Vanity Fair???
Solar-powered plane with no pilot.
THE NEXT NORMAL
The age of distracti-pression
Has technology done this to us?
Free money doesn’t help people
According to a new study.
Why is US life expectancy so low?
For several not good reasons.
THE WAR ON CARBON
95% of last decade’s emissions growth
Came from emerging markets.
California has a solar panel problem
Spent panels leach toxins in landfills.
India coal imports hit record
They can’t live without it.
Climate change anxiety
Is a white person’s affliction.
THE EV DREAM
Forced labor in China’s EV battery biz
Slaves help create a greener world.
An EV squeeze is coming
Minerals can’t meet projected demand.
An EV for everyone
Is just not realistic.
THE CHINA SYNDROME
More Covid lockdowns in China
Why are they so paranoid?
China, the cyber espionage giant
Is everyone else playing catch-up?
The rising populists are competent
Are Democrats wasting their time on Trump?
MAKING A BETTER YOU
To be more objective
Look through the eyes of others.
The magic of a little danger
To be happier, be brave, not reckless.
Dilbert creator’s life advice
Some great insights here!
HOW ABOUT A BREAK
What it takes to be wealthy in the US
Cool infographic from Visual Capitalist.
The UK is mapping ancient trees
They have lots of them.
SONG OF THE WEEK
VIDEOS OF THE WEEK
2022 Pamplona running of the bulls
Nuts! Don’t you just love it?
A brief history of SPAM
The world depends on it!
A totem pole reawakens the spirit
Imagine a world without art.
CASTING AROUND THE PODS
The New Founders America Needs
Bari Weiss’s rousing speech to students at the new University of Austin.
FROM THE HEADHUNTER’S KITCHEN
Grilled oysters with spicy tarragon butter
It’s hard to stop eating these!
The best state for beer lovers
Time for a vacation!
Yet another supply crisis grows
This one in Dijon mustard.
IN CASE YOU MISSED IT
Follow EU Climate Rules or Else!
July 8, 2022
Fed Chair Admits a Bombshell
July 1, 2022
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