Europe energy crisis could get much worse and cause high consumer bills, economic slowdown and social unrest

Europe energy crisis could get much worse and cause high consumer bills, economic slowdown and social unrest

An energy crisis the likes of which has not been seen in decades is unfolding around the world. The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies from Russia—the world’s second largest natural gas producer and third largest petroleum … Read more

How to survive the worst bear market of all time

How to survive the worst bear market of all time

In Tom Wolfe’s famous essay about the 1970s, “The Me Decade,” he wrote about how Americans had abandoned communal thinking in favor of personal wealth. “They took their money and ran,” he wrote. In fact, there wasn’t much money to take. Today, with the stock market in meltdown mode, it’s natural to look back at … Read more

Buckle up for a hard landing

Buckle up for a hard landing

The US economy muddled through a spate of high inflation, with employment staying strong last year despite inflation rising to a 40-year high. Now, markets are signaling that the muddle is ending and something worse is replacing it. The Federal Reserve, the markets’ BFF during much of the last decade, is now more like a … Read more

The average cost of heating your home is estimated to increase by $177 or 17% to $1,202 this winter.

The average cost of heating homes is expected to rise drastically this winter as the effects of inflation under Joe Biden are set to dent American’s wallets. Americans will have to pay $177, about 17 percent, more to heat their home compared to last winter’s prices, according to the National Energy Assistant Directors Association. This … Read more

US stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike

US stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose in the wake of the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow dropped 4% while the … Read more

Was the Ethereum Merge a Mistake?

“What do you think of the merger?” I recently innocently asked William “Wills” de Vogelaere, co-founder of Spankchain and probably half a dozen other protocols in the grisly underworld of Ethereum. I was, of course, referring to the long-awaited software upgrade which booted Ethereum’s miners and replaced them with a cohort of environmentally friendly stakeholders … Read more