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.

How the Green Grinch stole Christmas

The Green Grinch attempted to steal Europe’s Christmas this year with near-zero wind and solar power generation. Soaring prices were the result. Germany’s government has now collapsed and France has yet another prime minister with only a weak mandate. Is more mayhem in store for 2025?

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.