Friday 12 November 2021

Glasgow Freed Today! San Pedro Bay.

 Baltic Dry Index. 2844 -17 Brent Crude 82.26

Spot Gold 1857

Coronavirus Cases 02/04/20 World 1,000,000

Deaths 53,100

Coronavirus Cases 12/11/21 World 252,651,791

Deaths 5,095,453

“In reading The History of Nations, we find that, like individuals, they have their whims and their peculiarities, their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.”

Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds

It is the last official day of the Madness of Crowds in Glasgow, Scotland, although the far left Anti-British Broadcasting Corporation is suggesting that poor Glasgow may have to put up with the eco-wierdos for another day. How dare they!

So far, they/we have managed to save the forests, defeat methane, not quite abolish hydrocarbons and force everyone to abandon cars for bikes Electric Vehicles.

We’re all supposed to give up eating meat too, although I’m not sure that’s yet official policy. 

Later today or perhaps tomorrow, we will get the official word on just what the great and the good, the not so great and the not so good, and the downright loony, accomplished at their coven in Glasgow. Then everyone can go back to business as usual.

Next, inflation at a 30 year high? Buy more stocks, is the cry from Wall Street. I have my doubts.

China stocks fall as frenzy over policy easing ebbs

November 12, 2021

Stock futures moved slightly higher on Thursday evening as Wall Street looked to end the week on a positive note after a historic inflation report.

Futures contracts tied to the Dow Jones Industrial Average ticked up 51 points. Those for the S&P 500 and Nasdaq 100 added roughly 0.2% and 0.3%, respectively.

The move in futures comes after the stock market appears to have withstood the hottest inflation report in 30 years on Wednesday. The major indexes are on track to snap five-week winning streaks but are still within striking distance of their recent records.

Randy Frederick, managing director of trading and derivatives for the Schwab Center for Financial Research, said that year-over-year comparisons to an abnormal 2020 and rising wages may have dented the reaction to the inflation report and could allow the Federal Reserve to maintain its accommodative stance longer than the rise in prices alone would suggest.

“Big numbers get big headlines, and yes prices are higher, but you’ve got also wage increases that are just about to the same amount as inflation is. So inflation is definitely real, but the impact isn’t quite as severe as people think,” Frederick said.

---- This week has seen more dramatic action in the bond market, where the inflation report led to a sharp reversal for the recent decline in the 10-year Treasury yield on Wednesday. The bond market was closed on Thursday for Veterans Day.

On Thursday, the tech-heavy Nasdaq Composite rose 0.5%, while the S&P 500 edged slightly higher. The Dow dropped nearly 160 points, dragged down by Disney’s post-earnings slide.

Through Thursday, the Dow is down 1.1% for the week, while the S&P 500 and Nasdaq are down 1% and 1.7%, respectively.

https://www.cnbc.com/2021/11/11/stock-futures-inch-higher-as-wall-street-looks-to-avoid-losing-week-amid-high-inflation.html

In other news, China’s still largely a command economy. Don’t fight the regulators!

The UK’s recovery muddles along, but is it heading towards stagflation?

China wields political might to cool coal prices, but winter looms

November 12, 2021

Moderna defended the use of its Covid-19 vaccine Thursday, saying the protection it offers against severe disease, hospitalization and death outweighs the risk of myocarditis, a rare heart condition seen in a small number of young men who received the shot.

The company announced last week that the Food and Drug Administration needed more time to decide whether to authorize its two-dose vaccine for use in children ages 12 to 17 as the agency looks into reports of myocarditis, or the inflammation of the heart muscle.

Reported cases of the rare heart inflammation in men under age 30 are relatively higher after Moderna’s vaccine compared with those who received the shots made by Pfizer and BioNTech, Moderna Chief Medical Officer Dr. Paul Burton told reporters on a call Thursday.

Burton cited data from France on males ages 12 to 29. It showed there were 13.3 cases of myocarditis per 100,000 people for Moderna’s vaccine compared with 2.7 cases per 100,000 people for the Pfizer vaccine.

However, he also touted data from the Centers for Disease Control and Prevention that showed the rates of mild or severe disease from Covid were lower in Moderna recipients than in those who received Pfizer’s or Johnson & Johnson’s vaccines. For example, there were 86 breakthrough cases per 100,000 people for the Moderna vaccine. That compares to 135 breakthrough cases per 100,000 for Pfizer’s, he said.

More

https://www.cnbc.com/2021/11/11/moderna-says-covid-vaccine-has-fewer-breakthrough-cases-than-pfizers.html

Germany was once praised for its Covid response. Now it’s seeing 50,000 cases a day, prompting a dramatic warning

Published Thu, Nov 11 2021 7:38 AM EST

Germany was once seen as a prime example of how to deal with the coronavirus. Now, it’s recording close to 50,000 new Covid cases a day, prompting a dire warning of a dramatic rise in fatalities from one expert.

Germany is in the midst of what has been described as a fourth wave of Covid, as the delta variant spreads as the weather gets colder. Thursday marks the fourth day in a row that it has posted a fresh daily high, Reuters noted, with the number of new cases coming in at 50,196.

Data from the country’s public health body, the Robert Koch Institute, showed that Germany’s total number of cases has now hit 4.89 million and that the number of fatalities stands at 97,198.

The data is worrying Germany’s officials and public health experts.

Outgoing Chancellor Angela Merkel has reportedly called for an urgent meeting with state premiers to discuss the country’s response to the Covid crisis. Her chief spokesman Steffen Seibert said on Wednesday that the virus was “spreading dramatically” and that a “quick and unified response” was required.

Leading German virologist Christian Drosten called for urgent action on Tuesday, warning that the country could witness as many as 100,000 more deaths from the virus if nothing was done to tackle the spread of the virus.

Speaking on the NDR podcast, Drosten said that 100,000 deaths was a “conservative estimate” and that “we have a real emergency situation at the moment” with millions of Germans still unvaccinated.

More

https://www.cnbc.com/2021/11/11/germany-covid-cases-hit-50000-a-day-prompting-100000-deaths-warning.html

Next, some vaccine links kindly sent along from a LIR reader in Canada. The links come from a most informative update from Stanford Hospital in California.

World Health Organization - Landscape of COVID-19 candidate vaccineshttps://www.who.int/publications/m/item/draft-landscape-of-covid-19-candidate-vaccines

NY Times Coronavirus Vaccine Trackerhttps://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html

Regulatory Focus COVID-19 vaccine trackerhttps://www.raps.org/news-and-articles/news-articles/2020/3/covid-19-vaccine-tracker

Some other useful Covid links.

Johns Hopkins Coronavirus resource centre

https://coronavirus.jhu.edu/map.html

Rt Covid-19

https://rt.live/

Centers for Disease Control Coronavirus

https://www.cdc.gov/coronavirus/2019-ncov/index.html

The Spectator Covid-19 data tracker (UK)

https://data.spectator.co.uk/city/national

 

Technology Update.

With events happening fast in the development of solar power and graphene, I’ve added this section. Updates as they get reported.

Electrochemical pulses address weakness in next-gen lithium metal batteries

Nick Lavars  November 10, 2021

Two promising avenues in the development of next-energy storage involve the use of high-density lithium metal and an electrolyte that is solid rather than liquid, and a new study brings these branches of battery research together in an exciting new breakthrough. Scientists in the US have demonstrated how stability issues associated with these architectures might be solved with the help of electrochemical pulses, paving the way for electric vehicles and smartphones that run for far longer on each charge.

Part of this field of research focuses on anodes, which act as one of the device's two electrodes and helps facilitates the transport of lithium ions via a liquid electrolyte. Today's anodes are made from a mix of graphite and copper, but pure lithium metal is a tantalizing alternative as it offers the highest energy density among solid materials. Integrating lithium metal into batteries has proven difficult so far, however, with scientists running into various safety issues that swiftly bring them undone.

There is a line of thinking that using a solid electrolyte in place of a liquid one would lead to a battery better suited for use with lithium metal. And this intersection of materials is the focus of the new work from scientists at Oak Ridge National Laboratory (ORNL), who believe they've come up with a way to join them together in a stable and long-lasting way that doesn't compromise performance.

Melding materials together in solid-state batteries is typically a tricky task, as ongoing charge and discharge cycles leads to instability in the joints and cause voids to form, something known as contact impedance. Applying pressure is one way this problem might be solved, but is a technique that would need to be used periodically as the battery is operated, and can also cause it to short.

The ORNL scientists found that they could eliminate these voids by applying a short, high-voltage electrochemical pulse when the lithium metal anode is joined with a solid electrolyte. These pulses see a current surround the voids that causes them to dissipate, resulting in more widespread contact at the interface of the materials.

Because this has no detrimental effect on the battery, and the pulsing technique could be applied to restore it to nearly its original capacity, the scientists imagine this technology one day offering a viable way to manage solid-state, lithium-metal batteries during operation. They say this kind of system could offer twice the energy density of today's solutions in a much smaller package, which would mean electric vehicles can travel much farther per charge, or smartphones that run for days at a time.

“This method will enable an all-solid-state architecture without applying an extrinsic force that can damage the cell and is not practical to deploy during the battery’s usage,” said Ilias Belharouak, co-lead on the project. “In the process we’ve developed, the battery can be manufactured as normal and then a pulse can be applied to rejuvenate and refresh the interface if the battery becomes fatigued.”

The scientists are now continuing to develop the technology, by experimenting with more advanced electrolyte materials, and investigating how it might be scaled up for use in a working-scale solid-state battery system.

The research was published in the journal ACS Energy Letters.

https://newatlas.com/energy/electrochemical-pulses-voids-lithium-metal-battery/?utm_source=New+Atlas+Subscribers&utm_campaign=2c2eb195b3-EMAIL_CAMPAIGN_2021_11_11_09_10&utm_medium=email&utm_term=0_65b67362bd-2c2eb195b3-90625829

Another weekend and what pearls of wisdom will flow out from the Coven of Glasgow?

Will China really stop using coal?  Will Russia really stop selling natural gas to Germany?  Will Americans really give up cars that are reliable, travel long distances of a tank of fuel and are easy, quick and safe to refuel?  Will Canadians really venture out into the woods and across frozen lakes on electric Ski-Doos? Will we really all have to return to the Dark Age?

Stay tuned for the coming Big Shot's, Big Deal decrees from rainy Glasgow. Have a great weekend everyone.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.”

 

Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds

 

 

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