Posts

Countdown To New York's Rendezvous With Energy Impossibility

Image
Countdown To New York's Rendezvous With Energy Impossibility March 15, 2023 /   Francis Menton The race is on to see who hits the green energy wall of impossibility first. California, Germany and the UK (the “Poseurs”) might seem to have leapt early into the lead positions. But New York is now making a strong sprint to catch and surpass them, so it can be the first to splatter its citizens’ flesh and blood all over the impenetrable barricade. The Poseurs accumulate vast green progressive virtue credits for ridiculous promises, but their promises all have dates so far in the future that today’s politicians will be long gone when the crash detonates. Germany promises 100% of electricity from renewables by 2035 . Whoopie! Chancellor Scholz will be out tending his unfertilized Spargel gardens long before then. In California they don’t promise 100% renewable electricity until 2045, by which time Governor Newsom will likely be not just retired but dead. Who has sufficiently pure

Tom Luongo Weighs In: It's A Davos v. The Fed War

Image
  Tom Luongo Weighs In: It's A Davos v. The Fed War Mark Wauck I changed the title of the Youtube that I’ll be summarizing, and I think the text of the summary will tell you why. While “Wall St.” definitely turns up in Luongo’s presentation (there’s give and take but, again, you’ll see the why for my choice of words), the focus is on the Fed. And I think the reason is that the Fed is presenting a more organized and unified policy program than you could get from an amorphous “Wall St.” Thus far, since the banking crisis began with the closure of Silicon Valley Bank (SVB) last Friday, Luongo has yet to present a more or less full length narrative—although the shape of that narrative has been clear enough for those who have followed his commentary as well as from his recent tweets. That changed today with his appearance in  Rogue News In The Morning : Special Guest Tom Luongo Davos vs WallStreet WAR!!! The Youtube is 68 minutes long, but my summary—which is heavily, but not entirely,