George H.W. Bush’s speech on 9/11/90 to defend Operation Desert Shield, 11 years to the date before the twin towers & 22 years to the date before Benghazi, should act as a reminder of how to prepare for what faces us 33 years later…
Banks have been parking excess deposits in various forms of government debt that are subject to interest rate risk & in some cases, risky crypto bets. This is causing systematic risk.
The hypothetical GDP based upon electricity revenue (even when accounting for higher electricity prices) has represented a steadily smaller percent of actual GDP.
Coal inflation makes oil inflation look tame.
Is the Great Resignation as severe as advertised, or could it possibly indicate some positivity for the US economy?