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remember Central Bank rates of around 5% has been considered 'normal ' in previous (pre-GFC ) times
Yep - demand side.Australian and US Philadelphia PMIs continuing to head lower. Well into contractionary territory....
Diesel fuel has been spotted matching E10 or a bit cheaper in sidknee
$1.815 with the discount I get at GidgeDiesel $1.98 in Cairns. E10 $1.85
Rubber Bands a dollar ha ha ha ha ha
kind regards
rcw1
Parity here in Aus is a clear sign of recession indeedDiesel fuel has been spotted matching E10 or a bit cheaper in sidknee
might be buying in currencies outside the US Dollar , plenty of lower grade iron ore available from less developed nations
The coal fleet grew by 19.5 gigawatts last year, enough to light up around 15 million homes, with nearly all newly commissioned coal projects in China, according to a report by Global Energy Monitor, an organization that tracks a variety of energy projects around the globe.
New coal plants were added in 14 countries and eight countries announced new coal projects. China, India, Indonesia, Turkey and Zimbabwe were the only countries that both added new coal plants and announced new projects. China accounted for 92% of all new coal project announcements.
China added 26.8 gigawatts and India added about 3.5 gigawatts of new coal power capacity to their electricity grids. China also gave clearance for nearly 100 gigawatts of new coal power projects with construction likely to begin this year.
To meet climate goals set in the 2015 Paris Agreement, coal plants in rich countries need to be retired by 2030 and coal plants in developing countries need to be shut down by 2040, according to the International Energy Agency. That means around 117 gigawatts of coal needs to be retired every year, but only 26 gigawatts was retired in 2022.
only the NZ power generators seen to be making a meaningful move towards profitable , renewable energy , but they had hydro and geothermal to help get seriousOur friend Tracy Shuchart (@chiglr) shared this article highlighting the reality of the “green transition.”
View attachment 156164
The article goes on to explain:
Oh, and there’s also also this (emphasis ours):
As we’ve been warning for years now, the whole “green transition” is a pipedream.
Follow-up:Our friend Tracy Shuchart (@chiglr) shared this article highlighting the reality of the “green transition.”
View attachment 156164
The article goes on to explain:
Oh, and there’s also also this (emphasis ours):
As we’ve been warning for years now, the whole “green transition” is a pipedream.
Food prices (+1.6 per cent) continued to rise, driven by fruit and vegetables (+2.4 per cent) and snacks and confectionary (+4.1 per cent). "Potato shortages due to wet weather in key growing regions late last year led to price rises for both potato crisps and frozen potato products, while higher edible oil and packaging prices also contributed to the rise for a range of snack products," said Ms Marquardt.
The most significant contributors to this quarter's rise were medical and hospital services (+4.2 per cent), tertiary education (+9.7 per cent), gas and other household fuels (+14.3 per cent) and domestic holiday travel and accommodation (+4.7 per cent).
have a plentiful supply , is the obvious answer , however an alternate answer is crank up prices ( and rates ) so many cannot afford to buy ( but then they might steal , instead )How do you cure demand side inflation?
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