Blog Archives

What’s Behind the Rise in U.S. Industrial Production?

The domestic energy boom is behind the expansion of Industrial Production.

In contrast to other measures of economic activity that are stagnant or declining, U.S. industrial production has been rising: Industrial Production and Capacity Utilization (Federal Reserve data)

Is this evidence that manufacturing is on-shoring, i.e. returning from overseas? While there is anecdotal evidence for on-shoring, it appears that energy production (classified as part of mining in government statistics) is the big driver of rising industrial production.

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Asia’s Singapore Aims To Become A Major Global Gold Trading Hub – Launching New Gold Trading Contracts

Oil and gold have been in a long term relationship with each other, and as like most relationships it has been both blissful and at times a stormy affair. The attached chart shows the price performance of both, gold moving up 327% in the last 10 years and oil rising 363%.

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Still Think the Fed Isn’t Fueling Inflation? Check Out This Chart

Just as we can’t eat iPods, we can’t subsist on official reassurances that the Fed and inflation are both benign.

There is a great divergence between the conventional financial media and the public who goes to the supermarket: the financial media swallows whole the official artifice that inflation is near-zero while J.Q. Public sees his/her grocery costs, health insurance, etc. rising by leaps and bounds.

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Joe Biden’s Son Joins Board of Ukraine’s Largest Gas Producer

Stacy Summary: Of course, to speak of this would invite oneself to be called, ‘Putin’s puppet’ for only American puppetry is allowed when discussing geopolitics; nevertheless; it’s, as Zerohedge points out, an utter farce. Between Victoria Nuland’s husband having lobbying relations with Cargill and other BigAg corporations buying into Ukraine; to now Joe Biden’s son and Ukraine oil. Fine, America wants oligarchs, go for it. But just stop mocking and condemning other nations for doing same . . . including the propaganda around overthrow of elected government of Ukraine on basis that it was oligarchical. One major problem for Biden’s bid for Ukraine gas is that the company “holds a portfolio with permits to develop fields in the Dnieper-Donets, the Carpathian and the Azov-Kuban basins.”

Do note that the Dnieper-Donets field holds 90% of Ukraine’s oil and gas reserves. And then do look at the map below for the slight problem they now have:

Uh, Houston, we have a problem.

Uh, Houston, we have a problem.

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‘Russia serious about pricing oil in roubles’ – Russian Ambassador to Rickards

Interesting tweet from Jim Rickards.


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