Freedom Financial Archive | Originally posted Nov 14, 2022 When I’m driving with my wife, I hate making a wrong turn. It’s embarrassing to admit my mistake, turn around, and go the correct way. I try to avoid doing so until the last possible minute. And even then, I try to make it look like […]
Friend-Shoring: Yet Another Dumb Idea in a Sea of Band-Aid Economic Solutions Read More »
Freedom Financial Archive | Originally posted Nov 11, 2022 Diesel Itself When you look at the distillate side, which is that middle cut of the cracker itself, we continue to see massive shortfalls. And just looking at the data today, we continue to be very short on the distillate side. But I think it's important
Diesel Update From Mark Rossano Read More »
Freedom Financial Archive | Originally posted Nov 09, 2022 The US jobs market is showing some different signals we want to look at in terms of which one matters most as we go forward. There is a lot of disconnect between what the non-farm payroll is showing and what the household survey is representing. Essentially,
Which Employment Report is Correct? Read More »
Freedom Financial Archive | Originally posted Nov 04, 2022 In our last daily, we talked about a few things. Let’s recap: We’re running out of diesel… fast. It’s difficult to get the required diesel to the Northeast because they don’t have the pipeline and rail infrastructure, nor enough Jones Act vessels available to receive it.
No Diesel for You, Part Two Read More »
Freedom Financial Archive | Originally posted Nov 03, 2022 It’s easy to channel your “inner Seinfeld” and point at the Russians and Saudis for the diesel shortage. But in truth, it’s a tragedy of errors committed by US politicians – and US voters – that’s to blame. Diesel, diesel anywhere? Nor a drop to burn.
Freedom Financial Archive | Originally posted Oct 21, 2022 Houston, We Have a Storage Problem The natural gas backdrop remains supportive. But there is nothing in the cupboard! Near-record low inventories for this time of year have put a bid under the market, keeping the price of natural gas high. Below is a chart of
The Real War on Oil / Is the National Gas Tank Empty? Read More »
Freedom Financial Archive | Originally posted Oct 18, 2022 October’s Empire Manufacturing Index paints a dire economic picture going into year end. The end of the month always brings a plethora of data, especially from the regional Federal Reserve banks. Each section provides a broad overview regarding the health of the economy in their district.
Up the Hudson River Without a Paddle Read More »
Freedom Financial Archive | Originally posted Oct 05, 2022 The Old China Hand Shows His Pair of Deuces The Chinese data only strengthens the guidance we have provided about the consumer and general economic headwinds. The issues proliferate. The CCP official data confirms it. There have been studies done that show any Chinese data (good
Picking Up Profits from the Fall of China’s Great Economic Wall Read More »
Freedom Financial Archive | Originally posted Oct 04, 2022 Jonesing for New Ships The Jones Act mandates only US-built ships can move product from US port to US port. So, the supply of LNG (liquid natural gas) tankers is severely constrained, as the US doesn’t build any. As a result, the price of LNG is
Why are we crossing The Pond to deliver LNG from Houston to Boston? Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 ✓ No matter what the NGOs say, we need energy – cheap and effective energy. ✓ When energy prices go too high, inflation results. ✓ When inflation kicks in, consumer spending is lower. Happy Hump Day! I’ve got my java right next to me as I
Energy to Inflation to Spending Read More »
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