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HomeU.S Market

U.S Market

Climate Crisis

Daily Energy Standup Episode #223 – Ireland’s LNG Rejection, ESG Realism, and Renewables Debate

October 5, 2023 Andy Del Prado

Daily Standup Top Stories Ireland Rejects LNG Terminal Project on Climate Grounds October 3, 2023 Allen Santos Amid Europe’s angst over energy security, Ireland has made one of the boldest moves of any nation on the continent in […]

ESG
ESG

Money managers are shifting their attitude to ESG as ‘realism’ sets in, says S&P’s Dan Yergin

October 4, 2023 Mariel Alumit

The planned transition toward renewables is still in focus for the energy industry, and technology such as hydropower, solar, biofuels and many others remain key as the world seeks to move away from a carbon-intensive […]

Tesla
Electric Vehicles

Tesla Literally Fails To Deliver On More EVs, Sends Share Price Plummeting

October 3, 2023 Mariel Alumit

Tesla, one of the world’s largest EV makers, has fallen short of delivery targets. Tesla warned us this would happen months ago, but Wall Street wasn’t expecting such a major drop, which sent the share […]

Finance

With a US government shutdown imminent, what happens to the economy?

September 29, 2023 Mariel Alumit

It is probably no surprise that Republican infighting scuttled a stopgap measure on Friday in the House of Representatives, designed to avert a government shutdown on September 30. That is the deadline to approve new […]

Finance

Americans Aren’t Buying The “Great Economy” Narrative

September 28, 2023 Mariel Alumit

Authored by Michael Maharrey via SchiffGold.com, The Fed people insist the economy is strong. They upped their GDP growth projections at their last meeting. Joe Biden thinks the economy is strong. He keeps bragging about […]

Finance

Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis

September 27, 2023 Mariel Alumit

One month ago we warned that the toxic cocktail of Volcker-esque rates which have pushed the average credit card APR to a nosebleeding 21%… … and surging credit card balances would lead to a catastrophic […]

BRICS
BRICS

$18,900,000,000 in US Treasuries Dumped by BRICS Members China, Brazil, India and UAE in One Month

September 27, 2023 Mariel Alumit

Several members of the economic alliance known as BRICS are discarding billions of dollars worth of assets backed by the US government. New numbers from the Treasury Department show China is leading the charge, reducing its holdings […]

Investments

US Home Prices Hit New Record High, Despite Soaring Mortgage Rates

September 26, 2023 Mariel Alumit

US home prices rose for the 5th straight month in July (the latest data from Case-Shiller), jumping 0.9% MoM and shifting into the green (+0.1%) on a year-over-year basis for the first time since February, […]

Finance

“The Outlook Is Dismal” – Dallas Fed Surveys Signal Stagflation Threat In September

September 26, 2023 Mariel Alumit

September was an ugly month for Texas with both Manufacturing and Services surveys chock-full of disappointment and stagflationary signals. The goods news – growth in Texas factory activity resumed in September, according to the Dallas […]

Finance

The Dangerous Myth Of Soft Landing

September 25, 2023 Mariel Alumit

If we search the news from 2007, we can find plenty of headlines with the IMF and the Federal Reserve predicting a soft landing. No one seemed to worry about rising imbalances. The main reason […]

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