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HomeFinancial Crisis

Financial Crisis

Environmentalism In America Is Dead
Climate Crisis

Environmentalism In America Is Dead

May 24, 2024 Mariel Alumit

ENB Pub Note: This is an outstanding article from Robert Bryce’s Substack. I highly recommend subscribing and following Robert. He will be on the Conversations In Energy with Stu Turley next month to go over […]

climate change
Climate Crisis

A program meant to help developing nations fight climate change is funneling billions of dollars back to rich countries

May 23, 2024 Mariel Alumit

  Japan, France, Germany, the United States and other wealthy nations are reaping billions of dollars in economic rewards from a global program meant to help the developing world grapple with the effects of climate […]

Jamie Dimon
Finance

Jamie Dimon delivers startling message about inflation

May 21, 2024 Mariel Alumit

When JPMorgan Chase’s Chief Executive Jamie Dimon talks, financial markets listen. He helms the world’s largest U.S. and fifth-biggest bank, with $4.1 trillion of assets. Dimon, 68, has made his name steering several banks through tough times […]

Jamie Dimon
Finance

Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later

May 16, 2024 Mariel Alumit

JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked. His comments […]

UK
Energy Crisis

UK businesses struggle with soaring energy costs

May 15, 2024 Mariel Alumit

A recent report from Centrica Business Solutions reveals that more than half (56%) of UK businesses plan to increase their onsite energy generation capacity within the next two years. The report, titled “How data, onsite […]

Household
Bankruptcy

Household Debt, Delinquencies, Collections, and Bankruptcies: The Free-Money Era Is Over for our Not So Drunken Sailors

May 14, 2024 Mariel Alumit

Everything got more expensive over the years, the population grew, so debts rose, but income rose too. By Wolf Richter for WOLF STREET. Total household debt outstanding ticked up by $184 billion, or by 1.1%, in Q1 from […]

PPI
Finance

PPI Inflation Acts Up in a Nasty Way:  It Spikes after Big Downward Revisions

May 14, 2024 Mariel Alumit

Services knocked it out of the ballpark. Not helpful for the Fed-favored core PCE price index later in May, which includes some of those services. By Wolf Richter for WOLF STREET. The Producer Price Index, which is always […]

U.S.
Finance

A recession could trigger a U.S. debt crisis, Wall Street economists warn

May 14, 2024 Mariel Alumit

As Congress prepares to debate whether to extend the 2017 Trump tax cuts, the unsustainability of the U.S. fiscal position is coming into focus. The ratio of federal debt to the size of the U.S. […]

net-zero
Finance

Being bossy about green issues won’t get us to net-zero any faster

May 9, 2024 Mariel Alumit

A recent McKinsey report reckoned the world would need to spend $275tn (£221tn) by 2050 to reach net-zero. That is almost three times current annual world income and output. The sum is so large because […]

embargo
Finance

A green embargo by China will trigger a financial crisis that will implode the US economy!

May 7, 2024 Mariel Alumit

It seems that no one remembers the Oil Embargo of 1973, just 50 years ago, as America’s National Security is now with China’s monopoly of critical Minerals! In 1973, the Organization of Arab Petroleum Exporting […]

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