Nickolai Hubble

Undervalued stocks in an undervalued industry priced in an undervalued currency

Many have written off coal as yesterday’s energy source. But a pair of economic and energy policy realities is creating an unexpected opportunity…

A painful end to tax and spend

What does our political world look like if politicians cannot raise taxes in order to raise more tax revenue? Will they cut spending or turn to inflation?

Why the panic about gas shortages is overblown

Our energy expert James Allen reckons the European gas shortage crisis that has captured the media’s attention can’t even be called a storm in a teacup.

What if central banks and governments cannot engineer inflation?

Until inflation broke out in 2021, the biggest mystery facing investors was why it hadn’t surged in the years before then. It wasn’t for want of trying.

Why I’m having second thoughts about inflation and bonds

If we go back to a world where central banks and governments are unable to engineer inflation then the investment landscape looks radically different.

What phoenix out of net zero’s sorry ashes?

Was net zero just another government programme? Destined to be abandoned and forgotten long before it could even fail. History is littered with examples…

Is hydrogen back for good this time?

A series of booms and busts in hydrogen stocks have made and lost investors a lot of money. But hydrogen as a fuel always seems to remain just out of reach.

What will be Labour’s Liz Truss Moment?

A lot can happen in a month of politics. And Labour are having a rough time. There’s even a petition for an election. But what could be their undoing?

The dark cold winter it didn’t have to be

The news is full of predictions of blackouts. That’s true across all the world media I follow each day. Critics have seen this coming for a very long time.

Bonds will sink banks and pension funds again eventually

Not many financial panics play out in slow motion. Especially when they involve banks and pension funds. But the vast losses on bonds that caused both persist.

Renewables cannot meet our exponentially growing energy demand

This year, my understanding of our energy system radically changed forever. While most people peddle a story of energy transitions, this is false.

Net zero is dead. Long live what instead?

2024 was the year it became politically acceptable to doubt net zero. But what will replace renewable energy now that we’ve stopped pretending it’s viable?

Nuclear power is no silver bullet

Our compilation of the best Fortune & Freedom articles of 2024 continues with a rather nerve-wracking experience we had in August. A live video that had our compliance team sweating buckets as we went to air…

How did the pound come about?

The winter of 406-407 was bitterly cold across Europe. The Rhine froze over, enabling hordes to make their way across the river, and into the Roman empire.

If it’s darkest before dawn, is it time to be optimistic?

Europe is in outright political chaos. But perhaps this just heralds change for the better? Is it time for investors to get optimistic about our future?

Will Norway pull the plug on the UK?

Sweden and Norway pursued sensible energy policy. Unfortunately, they hooked their grid up to Germany and the UK. Now they’re paying the price, literally.

Is inflation back in the UK?

Inflation is accelerating again. But is it really back to play a major role? In this video, John Butler and Nick Hubble discuss both sides of the debate.

Why the second wave of inflation cannot be like the first

The velocity of money does not have the same impetus to spike as it did in 2021. Because we won’t be exiting a lockdown again anytime soon. And yet…

How Liz Truss and Kwasi Kwarteng will assassinate President Trump

President Trump had better watch his back. The same elite group of puppet masters that controlled financial markets for decades have diversified into politics.

Our predictions for a wayward 2025

It’s the time of year to start thinking about your New Year’s resolutions… and why they’ll fail. It’s no different for investing. What will 2025 bring?