I tried to capture the parrots using the extreme zoom on my Samsung Galaxy phone. This is as good as I could get, given how they are about 40 feet up in the trees. When we moved into this house in South Florida, we inherited a dead royal palm tree (along with many beautiful and … Continue reading Let me tell you about the birds and the bees, and the flowers and the trees
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How the Russian oil ban charade is contributing to inflation
Much ado has been made about the European Union enacting a partial (90%) ban on Russian oil. I have written in the past about how sanctions have quite failed to cripple the Russian economy, but have contributed significantly to debilitating inflation and supply chain issues in the west. (I am certainly not opposed to sanctions, … Continue reading How the Russian oil ban charade is contributing to inflation
The mystery of the anti-Semitic flyers
Yesterday, my husband sent me a horrifying local news article about how cars at two high-end shopping centers in Estero, Florida, were plastered with anti-Semitic flyers. The city of Estero is a short drive from our house, and we frequently visit one of the shopping centers mentioned in the article. In fact, we went to … Continue reading The mystery of the anti-Semitic flyers
Making lychee-infused vodka
It is harvest time for the lychee tree in our backyard. This is Elise's favorite climbing tree, and she has been known to spend hours up there with a good book. I am thinking about putting some kind of sitting area underneath it, because the tree provides superb shade in the summer months and you … Continue reading Making lychee-infused vodka
Electric utilities will be an even bigger mess than usual out west this summer
I realize my blog posts are getting rather... dark... lately. I wish I could talk myself into a contrarian worldview on the economy, because I love bargain-hunting during financial pukes. I just don't see the path there right now. And I am not sure how many investors are willing to get into the business of … Continue reading Electric utilities will be an even bigger mess than usual out west this summer
Why US sanctions have failed to collapse the Russian economy
The post-Afghanistan-and-Iraq foreign policy orthodoxy in Washington is that economic and financial sanctions are a bona fide alternative to direct war with a country. This is an ideological, not empirical position. The United States has not engaged in a direct war - or proxy war, for that matter - with an enemy that has posed … Continue reading Why US sanctions have failed to collapse the Russian economy
Reuters energy analyst expects diesel and gas shortage, imminent economic slowdown
From Jack Kemp, a well-established energy analyst - Global diesel shortages herald imminent economic slowdown (emailed financial commentary): Global distillate fuel oil shortages signal the business cycle is peaking and a period of slower growth or even a recession is imminent to bring consumption back in line with production.Middle distillates including diesel and gas oil … Continue reading Reuters energy analyst expects diesel and gas shortage, imminent economic slowdown
Does wholesale inflation suggest consumer prices are headed up significantly?
Blue-chip stocks like Walmart and Target, among others, have been decimated this week. Target's stock was down 25% (!) yesterday after the company reported dire earnings. Not only did Target reinforce Walmart's message that inflation is cutting into consumer spending, they mentioned that even the higher-income, bourgeois households are getting an inflation shock. Walmart and … Continue reading Does wholesale inflation suggest consumer prices are headed up significantly?
Understanding the market for oil
Here is a chart from geopolitical strategist Peter Zeihan providing a useful overview of the global market for oil and its physical and political vulnerabilities. It's somewhat dated, but still good. Analysts at JP Morgan say they expect the average price of gas nationally to hit $6 by the end of summer. This week it … Continue reading Understanding the market for oil
The price of beer as a crude economic indicator, revisited
A few posts back, I mentioned how the first truly shocking price increase from ongoing inflation was seeing a 6-pack of beer for $16 at our local South Florida grocery store. Well, yesterday, my brother in Denver sent me a picture of a 6-pack of Voodoo Ranger for $19 in Sam's Club. This was an … Continue reading The price of beer as a crude economic indicator, revisited