Flatten The Curve II
Ursula von der Leyen, President of the European Commission, is calling for Europeans to be cut off from electricity in order to “flatten the curve”.
As I have been writing for a long time, the world we live in today is nothing like just a few years ago. I am satisfied that when future generations review this time period, it will be viewed as a time filled with challenges which are more stringent than what most people realized at the time.
“We see there’s a global scarcity of energy. So whatever we do, one thing is for sure, we have to save electricity, but we have to save it in a smart way,” she said.
“So what we have to do is flatten the curve and avoid the peak demands,” Leyen added. “We will propose a mandatory target for reducing electricity use at peak hours. And we will work very closely with the member states to achieve this.” - Big League Politics
Brigadier General Anthony McAuliffe commanded the division artillery of the 101st Airborne Division when he parachuted into Normandy on D-Day.
When headquartered southeast Bastogne in World War II, he was presented with an offer to surrender to the Germans. His reply was, “Nuts”.
They say what goes around, comes around. Our answer to the people who want to ruin the world today, is “Nuts”. But, we must pay attention.
California Wants to Control Air Conditioning and Appliances
Siva Gunda, a public member of the California Energy Commission said that the state must “double and triple down on building the renewables and clean energy resources” but will need more storage and also needs load reduction programs that will automatically lower air conditioning and stop appliances.
And, if you were to have one of those new fancy electric cars, you are being asked not to charge them from the grid at this time. - Oops!
And this from Scott Minerd
September 9, 2022 - The recovery seen after the mid-June lows led analysts and investors into believing that the market may have bottomed. It was not to be, though. What Happened: Following a nice rebound that lasted until mid-August, the market has hit another rough patch amid interest rate worries.
Stocks could be in for another 20% drop by mid-October, according to Mr. Minerd, chief investment officer at Guggenheim Partners. He based his prediction on S&P 500 Price/Earnings multiple historically trending lower when inflation is higher.
It is “stark to see the price-to-earnings ratio where it is,” as the market enters September and October, historically the worst time for the market Minerd later said in an interview with CNBC, according to Seeking Alpha.
Since 1960, P/Es have trended lower when #inflation is higher. With YoY core PCE now at 4.6% and S&P500 trading at ~19x, we should see stocks fall another 20% by mid-October…if historical seasonals mean anything. - Business Insider
More Insight to Help In Understanding The Challenges The World Is Facing
The biggest US exporter of liquefied natural gas (LNG), Cheniere Energy, has warned that limited supplies worldwide mean this winter could be “really, really tight”. According to Reuters, Cheniere, which has sent 70% of its output to Europe this year, also said that a resurgence in Chinese LNG demand would exacerbate the energy crisis.
“At the end of the day, what’s going to decide how tight the market will be is how cold it is and how government policies, industry rationing work,” Cheniere’s executive vice president for worldwide trading, Corey Grindal, said at a Gastech conference on Thursday. - Lew Rockwell
