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The spike in the governmentās borrowing costs - notably the rise in the yield on 30-year gilts to a 27 year high - is all about investorsā diminishing confidence in the UKās growth prospects. It risks pushing the UK into a vicious downward spiral, because the higher borrowing costs increase the risk of more tax rises and an even stronger economic head wind. Starmer - for the sake of the UK - desperately needs a persuasive plan for growth
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She tried to throw dirt on Elon ā¦ but love how Bill Nelson, NASA Administer, slapped her hard and tight ! ššš¼
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It turns out that the wonderful ultra-insulated homes that are supposed to help the environment are leading to *mould* and that the Victorians knew what they were doing using breathable materialsš¤¦āāļø
unherd.com/newsroom/what-netā¦
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In today's Berardelli Bonus we take a viewer question. How do we know human-caused climate change is real? And isn't climate cyclical? Both are true. The difference is that recent warming is >10X the rate of any natural warming Earth has seen in millions of years.
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There are 3 main reasons the West is adopting a policy of mass immigration:
1. To protect the collateral underpinning the global financial system.
If houses and stocks ever go down significantly, it's lights out on the banking system.
The banks are not allowed to collapse in this brave new world, so the collateral must be protected.
Mass immigration has the added benefit of making absolute GDP look good, whilst GDP per capita goes backwards... So politicians love it because they can yell from the rooftops 'No recession! No recession!' whilst your life actually gets worse.
2. To fund the retirement of an ageing population.
If stocks and house prices collapse, so does their retirement.
3. To prepare for the possibility of war.
This one is a tale as old as time, but less acknowledged right now.
The next decade has the highest probability for international conflict since the second world war.
The West is importing mercenaries into their countries they can send to fight in the future if need be.
'Fight for us and you'll get expedited citizenship and subsidised housing when (if) you come back.'
Now you know.
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If you only read one document in the next month I suggest you make it this one. "Halfway Between Kyoto and 2050: Zero Carbon Is a Highly Unlikely Outcome" Vaclav Smil privatebank.jpmorgan.com/conā¦
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Electricity prices have fallen more than 80% from their peak in Britain's wholesale market.
Find how this translates into household bills in this quarter's Electric Insights report:
reports.electricinsights.co.ā¦
ALT Monthly average wholesale prices for electricity, natural gas and carbon dioxide emissions in the UK. Pink bands show the average range of prices during the 2010s for context.
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Striking words from Siemens Energy's Chairman (and former CEO)
āIf you want to have cheap energy, you need to be gas fired. Thatās the cheapest way, the most secure way if you calculate the whole thing, from the beginning to the end."
āOne of the shortcomings of the wind industry in the last five years is that there were a lot of announcements, a lot of plans,ā he explained. āBut they took four, five or six years sometimes to go from the order to execution."
āThe matter of renewables being volatile - if there is a windless night, it could get complicated if you donāt have storage. So you need to think: what is my energy agenda? How much do I want to have on renewables? How do we deal with the fact that sometimes availability and demand donāt match?"
"That story of green hydrogen is another fairytale. If you believe in the next five years, in industry itās a feasible option - itās not."
"I believe that for a while [customers] need to accept higher pricing."
The boss of Britainās biggest wind turbine statements go against the often-heard narrative that: wind is cheaper than gas, wind is quick to deliver, and wind's intermittency isn't a big deal.
I applaud Mr Kaeser for his frank words. The wind industry, politicians and environmentalists may be upset by the lack of optimism, but in my mind, the public will be reassured by the honest discussion of net zero challenges and trade-offs. Without the public's confidence there couldn't be a net zero transition.
telegraph.co.uk/business/202ā¦
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Wind and solar are so super cheap that millions in the U.K. can't afford to pay their utility bills.
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When people say we need to reduce the global population to deal with the environmental crisis, ask them if they are aware that the global population growth rate peaked 60 years ago and has been largely in sharp decline ever since.
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šØOver 350,000 people have watched Dr Scott Tinker's talk at #ARC2023, on the trade-offs involved in transitioning to greener energy. Watch this clip to see why šš§µ
āWeāreĀ well awareĀ of the benefits of reducing emissions, but what are some of the unintended outcomes of it?"
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This is an absolute tour de force.
If you want to understand why the UK's (wind reliant) energy plans are a disaster please read this.
thecritic.co.uk/issues/novemā¦
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Rent controls in Scotland might benefit existing renters but not those looking for new tenancies reports @Robert_Booth @guardian
Loophole in Scotlandās rent controls sees new tenants facing largest rises in UK theguardian.com/uk-news/2023ā¦
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Is Britain getting a bad deal? @Ben_A_Hopkinson and I looked at 242 infrastructure projects across 14 different countries.
Our conclusion? It costs more to build new tram systems, railways, and roads in Britain than almost anywhere else in the world. š§µ
samdumitriu.com/p/britains-iā¦
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China's energy policies are determined by strategic considerations about a potential war with the United States, and not the challenge of climate change as many would like to believe.
My latest for @brusselssignal
brusselssignal.eu/2023/08/doā¦
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Most projects fail because of poor communication within the team.
8 questions every leader should ask weekly:
