In the first data release since the ECB activated PEPP reinvestment flexibility, we find a heavy skew in country allocation, away from core countries like Germany and towards the periphery, especially Italy and Spain, over the month of July 2022. The ECB bought lots of Italian gov’t bonds in June […]
Rolls-Royce Group, BNF Resources UK Limited, and Exelon Generation Limited will develop small modular nuclear reactors that will allow the country to meet net-zero commitments. With every passing week, our core thesis set here last December is that nuclear would be widely embraced as a net-zero enabling technology for power grids. SMRs are a much […]
As it turns out, all the scientists and doctors who insisted that Merck’s «revolutionary» COVID drug molnupiravir is extremely safe weren’t faithfully adhering to «the science» after all. Because according to a report published Thursday by Barron’s, some scientists are worried that the drug – which purportedly cut hospitalizations in half during a […]
They are just making up narratives now, and the media are not calling them out on it…. The Director of the CDC made an important admission during an interview today on CNN. CDC Director Rochelle Walensky stated the vaccine does not prevent COVID-19 infection, nor does it stop the vaccinated […]
When considering the amount of carbon and CO2 created from assembling lithium ion batteries, one firm thinks the difference could be «negligible». The firm, established in 2015, posted a blog entry entitled «Exploring Lithium-ion Electric Vehicles’ Carbon Footprint» this week, where they call into question a former ICE vs. Their […]
Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure vaccines is a latest throw of the political dice. Even before this development markets were getting the message with capital flight worsening. The only thing that holds the Commission together is the […]
By Robert Dalheim of Woodworking Network, «The extreme price increases, as reflected in today’s producer price index report and other sources, are harming contractors on existing projects and making it difficult to bid new work at a profitable level,» said Ken Simonson, the association’s chief economist. «While contractors have kept […]
No one is being hit with this sobering reality more than the Europe’s premier green trailblazer, German Chancellor Angela Merkel, whose country is currently in the grips of Europe’s record-breaking freeze this winter. Germany’s held up as the world’s wind and solar capital. Its millions of solar panels are blanketed […]
Ever since the early stages of the US-China trade/tech/virus/cold war four years ago, there were frequent rumors — which eventually gave way to increasingly legitimate chatter — that China was looking to go full “nuclear option” by selling some or all of its $1+ trillion of US Treasury securities, which incidentally has not been […]
Submitted by Joseph Carson, former chief economist at AllianceBernstein At this week’s Fed’s annual Jackson Hole conference Federal Reserve Chairman Jerome Powell is expected to announce a new policy approach that is intended to give policymakers more flexibility and time to achieve their inflation mandate. The irony is the proposed […]