Monthly Archives: January 2023

Irrationally exuberant January comes to a close

The US Fed’s next rate announcement is due on Wednesday, and the consensus expects a 25 basis points (bps) increase, raising base rates in the banking system to 4.25 to 4.75% from 0 to .25% one year ago. Lest anyone … Continue reading

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Why nuclear reactors are not the energy solution needed

Time and money. The math in favour of renewable power and storage is simply overwhelming. We have the solutions, #nomiraclesneeded. The two speakers in the segment below are fact rich and accessible in their comments. Well worth the listen. The … Continue reading

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Tightening will continue to bite through 2023/2024

As we’ve noted many times, changes in monetary policy—tightening or loosening—move through the economy at a lag of one to two years. For this reason, the record tightening done by central banks in 2022/2023 will slow the economy into 2024, … Continue reading

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