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 »
Freedom Financial Archive | Originally posted Sep 30, 2022 Let’s think about the timing of when crude is purchased and when it’s turned into product. Here is an example: China decides to buy an Angolan cargo for Nov 28th loading. Depending on the size of the vessel, it will take 2-3 days to fill it
Why Aren’t Refiners Panicking? Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 Over the last few days, as prices have soared, we’ve discussed the inflation issues. The biggest knock-on effect is the inability of people to spend, as wages lag the rise in living costs. You’ve seen headlines about salaries going higher, but the news always leaves out
Inflation – Everywhere and Always Nowadays Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 The U.S. GDP data came out today and was much weaker than estimates. Growth was negative 1.4%, but there are a few caveats in the underlying data worth pointing out. The “Fiscal Drag” accelerated as spending declined further out of the federal government. There was a
Did the US Economy Lose Its Steam? Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 The Philly Fed is a leading economic indicator, which gives us an idea of what direction the region, and by extension, the country, is going. The Philly Fed, technically called The Manufacturing Business Outlook Survey, is a monthly survey of manufacturers in the Third Federal Reserve
What’s this great leading indicator telling us? Seeing Ahead With the Philly Fed Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 The good news is China’s economy is in worse shape than the US’s. The bad news is China’s economy is in worse shape than the US’s. That means the Chinese economic cavalry isn’t coming to the rescue. A good Tuesday to you on a cloudy morning
China Won’t Save the World Economy Read More »
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