Tag: Zero Hedge

Op-Ed authored by Stephen Moore via The Epoch Times,

President Joe Biden keeps claiming that wind and solar energy are going to save money for consumers. But more government subsidies to “renewable energy” is a key feature of the White House anti-inflation strategy recently announced by Biden.

Gas station pumps in Washington state are being reprogrammed to accommodate $10 a gallon and even higher as the summer driving season begins amid tight fuel supplies, according to a report. 

The Post Millennial has learned gas station chain “76” has reprogrammed its pumps to include double-digit numbers in “price per gallon” at Washington state gas stations.

A 76 spokesperson confirmed to The Post Millennial they added an extra digit to pumps, noting the change doesn’t necessarily imply the company was anticipating prices above $10 a gallon. 

The 76

Tens of millions of Americans could be thrown into a summer of hell as a megadrought, heatwaves, and reduced power generation could trigger widespread rolling electricity blackouts from the Great Lakes to the West Coast, according to Bloomberg, citing a new report from the North American Electric Reliability Corporation (NERC), a regulatory body that manages grid stability. 

NERC warned power supplies in the Western US could be strained this summer as a historic drought reduces hydroelectric power generation due to falling reservoir levels and what’s

By Russell Clark of the Capital Flows and Asset Markets Substack

Japan has benefited massively from the free trade world that the US conjured into existence 40 years ago.

Japanese industry and particularly its auto industry benefited hugely from access to the US auto market. For this reason, I expected US new car CPI moved higher (car prices rising after years of stagnation) that this would be Yen bullish. Instead the Yen has weakened considerably.

From a macro and micro perspective, the idea of a stronger Yen with surging automobile prices

This week’s beer prices at the 2022 PGA Championship at Southern Hills Country Club in Tulsa, Oklahoma, shocked many who attended the event (and even players) and sparked just as much buzz as Tiger Woods. 

After spending hundreds of dollars for a basic ticket to walk around the course, watching players tee off or sink a putt (or miss a crucial putt), many craved a refreshing cold beer. However, ‘beer-flation’ hit the PGA as it costs $18 for a Michelob Ultra and $19 for a Stella Artois. 

Pro-golfer Justin Thomas, who

Authored by Gail Tverberg via Our Finite World blog,

Is the debt bubble supporting the world economy in danger of collapsing?

The years between 1981 and 2020 were very special years for the world economy because interest rates were generally falling:

Figure 1. Yields on 10-year and 3-month US Treasuries, in a chart made by the Federal Reserve of St. Louis, as of May 10, 2022.

In some sense, falling interest rates meant that debt was becoming increasingly affordable. The monthly out-of-pocket expense for a new $500,000 mortgage was falling lower and

Authored by Beth Brelje via The Epoch Times (emphasis ours),

A standing room-only crowd made up mostly of organized, left-leaning, political activists shouted, “Shame! Shame!” when commissioners in Pennsylvania’s Lancaster County voted to remove a ballot drop box placed at the county building on Monday, the day before the primary election.

Now, instead of placing absentee ballots in the drop box located just three steps inside the door of the county building,

While the Biden administration continues to congratulate itself for the ‘strongest job creation economy in modern times’ (which isn’t difficult when your y/y baseline was caused by economy-killing lockdowns), most people aren’t buying it.

In fact, as people face $100 tanks of gas and skyrocketing grocery prices, the Economic Optimism Index poll from IBD/TIPP plunged 9.5% in May, dropping to 41.2 – which, as Issues & Insights‘ editorial board notes, puts it firmly in the pessimism zone.

This marks the worst reading since the height of the COVID pandemic

Back in 2020, we sketched out the monetary endgame as follows: the Fed – along with all other central banks – was rushing to roll out a CBDC (digital dollar) so that when the next crisis hit, it could then directly deposit said “Digital Dollars” directly into the accounts of each American – or at least those Americans the Fed found worth of such stimmies – to offset a deflationary bust.

ICYMI: The Fed Is Preparing To Deposit “Digital Dollars” Directly To “Each American” https://t.co/etmxda3xkv https://t.co/gIZgWbJfkp

— zerohedge (@zerohedge) September 24,

Authored by Rita Li via The Epoch Times (emphasis ours),

The head of the Border Patrol union warned that drug cartels would seize “complete control” of the southern border, as a Trump-era public health order to expel illegal immigrants is to expire on Monday.

“That we just don’t have anybody in the field, that we just can’t patrol the border,” National Border Patrol Council President Brandon Judd said during Fox News’ “America’s Newsroom,” after being asked about the “worst-case scenario” once the