Jim Grant: The Fed Has Become the Lender of First Resort
“The fed has become, apart from being arsonist and fireman, …the lender of first resort”
“The fed has become, apart from being arsonist and fireman, …the lender of first resort”
During that time period, demand for electricity will grow dramatically and nearly all existing plants will retire
A series of great charts on his outlook for the global economy, stocks, bonds, commodities, and interest rates in 2020 and beyond
As has been the case with nearly all the basins we have looked at so far, per well oil and gas production from newly completed wells has not shown a clear increasing trend since at least 2014
“Our team has GDP growth (in China) at zero in the first quarter”
Not only has inflation remained lower for longer many times in the past, the last time it did so, it didn’t end with interest rates back at zero
When combining city, state, and government debt and unfunded liabilities, every single person and child in New York is on the hook for over $441,000
Uniquely among the basins we have examined so far, there is more obvious evidence of modestly increasing gas productivity per newly completed well
Fast forward to today and China has taken Japan’s spot as the number two economy behind the US
Oil and gas production in the Eagle Ford Basin is already in decline.