Baltic
Dry Index. 1063 -17
Brent Crude 82.02
Spot Gold 2691 US 2 Year Yield 4.27 -0.10
The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased government controls, and eventual collapse.
Henry Hazlitt.
The US CPI inflation figure came in as expected at +2.9 percent but that was good enough to cause a stock casino buying frenzy.
More exit selling rally, I think. Look away from that rising crude oil price now.
In Gaza, a ceasefire truce on terms largely available months ago. Cui bono from the needless delay?
Asia-Pacific markets track Wall Street gains;
South Korea unexpectedly keeps rates unchanged
Updated Thu, Jan 16 2025 1:03 AM EST
Asia-Pacific markets mostly climbed
Thursday, after U.S. markets soared on
the back of an unexpected decline in core inflation numbers in December and
strong bank earnings.
Korea’s central bank surprised market
watchers by keeping benchmark rates unchanged at 3%. Economists polled by
Reuters had expected the Bank of Korea to cut its policy rate by 25 basis
points.
South Korea’s Kospi was up 1.16% while the
small-cap Kosdaq index was up 1.65%, following the announcement. The Korean won
last weakened slightly to trade at 1,456.91 against the greenback.
Japan’s benchmark Nikkei 225 was trading up
0.27% while the Topix gained 0.09%.
Japan’s annual producer price index
climbed 3.8% in December, in line with expectations of economists polled by
Reuters.
Hong Kong’s Hang Seng index jumped 0.57%,
while mainland China’s CSI 300 fell 0.35%.
Over in Australia, the S&P/ASX 200 was up
1.38%.
The country’s seasonally adjusted unemployment rate for December rose slightly to 4%
from November’s 3.9%, in line with estimates by economists polled by Reuters.
Overnight in the U.S., stocks saw
significant gains with all three major averages recording their best day since
Nov. 6.
The Dow Jones Industrial Average dropped
1.65%, while the S&P 500 gained
1.83%. The tech-heavy Nasdaq
Composite rallied 2.45%.
Meanwhile, the benchmark 10-year Treasury yield dropped
sharply at about 4.65% or around 13 basis points on the back of the CPI report.
Oil prices rose following news of
the Israel-Hamas
ceasefire and hostage deal. Brent crude gained 3.22% while the WTI edged up
0.3% to settle at $80.28 per barrel.
Asia
markets live updates: BOK rate decision, Australia unemployment
European markets retreat from gains on the back of
U.S. inflation data and head for mixed open
Updated Thu, Jan 16 2025 12:56 AM EST
European markets are expected to open in
mixed territory Thursday, retreating from gains in the previous trading session
as traders cheered a cooler-than-expected inflation print in the U.S.
The U.K.’s FTSE 100 index is expected
to open 9 points higher at 8,306, Germany’s DAX down 26 points at
20,595, France’s CAC down
15 points at 7,475 and Italy’s FTSE MIB up 8 points at
35,705, according to data from IG.
Trading updates are set to come from Whitbread, Deliveroo and Richemont, while Rio Tinto releases its
latest operational review. Data releases include German inflation figures and
U.K. monthly gross domestic product.
The mixed open for European stocks comes
after global markets rallied on Wednesday after U.S.
consumer price inflation came in just below expectations, at 3.2% on a
core basis, which excludes food and energy prices. The headline annual reading
came in line with the 2.9% forecast in a Dow Jones poll.
U.S. markets soared after
the data print but sentiment was also buoyed by a flurry of strong big bank earnings. JPMorgan Chase posted record
profit, while Citigroup and Goldman Sachs beat market
expectations.
Overnight, Asia-Pacific
markets climbed on the back of Wall Street’s rally. U.S.
stock futures rose modestly as traders look ahead to more big bank
earnings from Morgan Stanley and Bank of America.
More clues on the state of the U.S.
economy will be available Thursday, with the December retail sales report
expected to show a 0.5% increase, down from a 0.7% rise the previous month,
according to a Dow Jones consensus estimate. Weekly jobless claims are also
due.
European markets live updates; stocks, news, data and earnings
Inflation Fears Seen Overblown as CPI
Spurs Rally
January 15, 2025 at 11:09 PM GMT
Fresh data Wednesday showed US inflation
to be slowing again, triggering a stock rally and a plunge
in bond yields as investors (some of whom just days ago thought the Fed
wouldn’t cut rates anytime soon) became
hopeful again. Equities erased their losses for the new year with the
S&P 500 up about 2%—its biggest gain since after the US
election. A surge in Treasuries pushed 10-year yields down
by almost 15 basis points—easing fears of the 5% rate horizon.
Commodities roared, with oil topping $80 a barrel. The concerted
cross-asset advance was the best for a consumer-price-index day
since at least late 2023, according to data compiled by Bloomberg. Krishna Guha
of Evercore said the CPI report adds weight to the argument that markets have
“overtraded” the inflation story and should stop being so
risk averse. “It reinforces the base case for two Fed cuts, and keeps open
the possibility of a March cut,” he said. —David
E. Rovella
Inflation Fears Seen Overblown as CPI Spurs Rally: Evening Briefing Americas - Bloomberg
Targeting TurkStream pipeline amounts to attack on
sovereignty of nations using its gas: Hungary
Hungarian foreign minister's remarks come
after Russia claimed to have foiled Ukrainian strike on compressor station
supplying gas through TurkStream pipeline
Talha Ozturk |13.01.2025 - Update :
13.01.2025
Hungarian Foreign Minister Peter Szijjarto
said on Monday that an alleged attack on the Turkish Stream pipeline
constitutes an attack on the sovereign rights of the countries that use it.
Szijjarto's remarks came after Russia
claimed on Monday that Ukraine attempted to strike a compressor station
supplying gas through the TurkStream.
“Security of energy supply is a
sovereignty matter; therefore, every action that threatens the security of our
energy supply must be considered an attack against sovereignty,” Szijjarto
stated in a Facebook post.
He said Hungary expects that the
TurkStream remain safe and functional.
"The TurkStream pipeline is critical
for natural gas supply in Hungary and Central Europe. This freight route has
been operating reliably for many years; both carriers and transit countries
adhere to their contractual obligations and behave consistently,” Szijjarto
stated.
Earlier, a statement by the Russian
Defense Ministry said the country's air defenses shot down nine Ukrainian
drones heading toward the Russkaya compressor station near the village of
Gai-Kodzor in the southern Krasnodar region.
The statement said there were no
casualties, but infrastructure within the facility received minor damage due to
fragments from the downed drones.
Spanning over 930 kilometers (578 miles)
across the Black Sea, the TurkStream natural gas pipeline runs from the
Russkaya compressor station and makes landfall in the Thrace region of
northwestern Türkiye.
The claim comes as a five-year deal
between Moscow and Kyiv on the transit of Russian gas through Ukraine expired
on Jan. 1.
Targeting TurkStream pipeline amounts to attack on sovereignty of nations using its gas: Hungary
In other news.
Ceasefire at Last Between Israel and Hamas
January 15, 2025 at 6:29 PM GMT
Israel and Hamas agreed to a ceasefire deal, bringing
at least a temporary halt to the war in Gaza that has killed tens of thousands
of people in the last 15 months. Details of the agreement are still unclear
with the Israeli prime minister’s office saying there are still unresolved
points in the pact. It is also not clear how many of the hostages captured
after Hamas attacked Israel on Oct. 7, 2023 may be released. A formal
announcement is seen as imminent, we are told. The agreement is expected to
pause fighting that has all but destroyed Gaza. Officials hope a
truce will lead to an increase in aid to the tiny strip of land that is home to
more than 2 million people. The talks had been overseen by the US, with
officials from both the outgoing Biden and incoming Trump administrations
involved. Qatar and Egypt mediated the negotiations. Here is a reminder of
the roots of the conflict. —Joshua Gallu
Israel
and Hamas Reach Ceasefire Deal - Bloomberg
Trump announces powerful new department that will
rake in billions
14 January 2025
Donald Trump announced
the surprise creation of a powerful new government agency that will collect
billions of dollars in taxes and tariffs from foreign countries.
‘I am today announcing that I will create
the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue
that come from Foreign sources,’ Trump wrote on social media.
Trump argued that the United States
government has relied too much on taxing Americans for revenue, specifically
pointing to the much-loathed Internal Revenue Service (IRS) efforts to collect
more taxes.
‘Through soft and pathetically weak Trade
agreements, the American Economy has delivered growth and prosperity to the
World, while taxing ourselves. It is time for that to change,’ he wrote.
Currently the United States Customs and
Border Protection (CBP) collects tariffs, so any new agency would have to
reorganize the current system.
The president-elect’s statement will
likely have an impact on the Senate confirmation
hearings of his economic cabinet picks, as senators will want a thorough
explaining of his thinking on the issue.
Trump appears to be making his
announcement to emphasize the amount of money the United States can collect
from foreign countries on trade.
‘We will begin charging those that make
money off of us with Trade, and they will start paying,’ he wrote. ‘FINALLY,
their fair share.’
Trump indicated he would create the new
agency on his first day as president.
For years, Trump has adamantly campaigned
on the issue of raising tariffs on foreign goods coming into the United States,
even as producers warn
him away from sparking a trade war.
Trump has proposed a widespread 10 percent
tariff on global imports to raise revenue for the United States.
He also views tariffs as an ecumenic
weapon, as he has threatened China with tariffs as high as 60 percent if they
do not do more to reduct the amount of fentanyl flowing into the United States
through Mexico.
Trump has also proposed higher tariffs on
Mexico and Canada, if they do not do more to reduce
the number of drugs and migrants coming across the border.
He has only escalated his tariff proposals
since the election, even suggesting that Canada join the United States as the
51st state to avoid higher charges on their imported goods.
‘I am a Tariff Man,’ he wrote in 2018.
‘When people or countries come in to raid the great wealth of our Nation, I
want them to pay for the privilege of doing so.’
More
Trump announces
powerful new department that will rake in billions
Los Angeles insurance giant makes prediction after
devastating fires
January 14, 2025
A California home
insurance CEO said the inability to insure homes amid the ongoing
wildfires burning hundreds of acres would 'completely upend the state' as it
looks to rebuild.
Mike Zuckerman, CEO and president of the
third-largest home insurance company in the Golden State, CSAA Insurance Group,
issued an unsettling statement regarding insurance availability in California on Friday.
Zuckerman, unlike other companies who have
stopped writing policies or refused to renew customers amidst the raging fires,
believes that the state and its wildfires are still insurable.
'It's hard to think about the answer to
that being no,' Zukerman told the San
Francisco Chronicle.
With the Palisades and Eaton fires far
from containment, Zukerman acknowledged that it is 'impossible to know' exactly
how the insurance industry as a whole might react to the fires.
However, the insurance giant claimed
'there is no alternative' to having home insurance.
'I don't think there's an alternative for
us as a society and as an industry and as a people,' he said. 'Not being
able to insure homes in California against these kinds of risks will completely
upend the state.'
Over the last few years, many
California-based insurance companies have cited the risk of costly wildfires as
a reason to stop writing new policies, decline
renewal for customers or even leave the state altogether.
However, CSAA continues to write new
policies in the state and renew the vast majority of existing ones.
Zukerman said CSAA did not renew about
5,500 policies -1.2 percent of its total policies in the state - due to
wildfire risk in 2024, according to regulatory filings.
However, he added that the companies
cancellations are not a sign that wildfires aren’t insurable, Zukerman said,
adding, 'it is a sign that insurance companies need to be allowed to charge the
prices that match the increased risk in order to insure.'
Now, the question is how much more
expensive California insurance will get, and whether more carriers might cut
back on their business in the state as additional - and costly - wildfires
break out.
Starting this year, the California
Department of Insurance will allow insurance companies to use wildfire
catastrophe models to inform new pricing.
The companies will also be able to pass on
some of what they pay for reinsurance -insurance for insurance companies - to
their customers, under the new policy.
Such reforms recognize that climate change
is increasing overall risk, something Zukerman feels 'insurance companies need
to be able to cover.'
Just how much insurance prices will
increase has yet to be seen, however, experts fear that any increase could
exacerbate California's affordable housing problem, the Chronicle
reported.
Zukerman's CSAA raised its home insurance
rates by 6.9 percent, earlier this year, though others, like Allstate and State
Farm, have raised rates by double-digits.
Aside from ongoing wildfires ravaging
the West Coast state,
Californians must answer whether or not building new housing in the
wildland-urban interface, where forest wildfires can quickly spread to homes,
should continue.
The answer, Zukerman said should be no.
But the CEO added 'insurance availability is a problem California will have to
solve.'
Los Angeles insurance giant makes prediction after devastating fires
Global Inflation/Stagflation/Recession Watch.
Given
our Magic Money Tree central banksters and our spendthrift politicians,
inflation now needs an entire section of its own.
Germany’s
economy shrank for
a second consecutive year in 2024 and is unlikely to
grow much in 2025, laying bare the challenge for the country’s new government
once snap elections are held in February. With lingering effects of the energy
crisis, stifling red tape, a dearth of skilled workers and weak global demand
for its exports, few foresee growth picking up quickly. Germany’s car industry
in particular is bracing for another tough year as intensifying competition from
China and the wavering transition to electric vehicles weighs on sales.
Israel
and Hamas Reach Ceasefire Deal - Bloomberg
Inflation
falls to 2.5 per cent in boost for Chancellor Rachel Reeves
Wednesday
15 January 2025 7:03 am | Updated: Wednesday
15 January 2025 8:15 am
UK inflation came in
below expectations in December, new figures show, easing the pressure on the
Chancellor as she deals with a sell-off in the bond markets.
The
headline rate of inflation fell to 2.5 per cent last month, according to
figures from the Office for National Statistics (ONS).
This
was down from 2.6 per cent the month before and slightly below economists’
expectations. City experts had expected the headline rate to remain unchanged.
Services
inflation, a crucial gauge of homegrown inflationary pressure, fell to 4.4 per
cent. This was down from 5.0 per cent previously and well below expectations of
4.8 per cent.
Core
inflation, which strips out more volatile components like food and energy,
dipped to 3.2 per cent, down from 3.5 per cent previously and also below
expectations.
The
fall in the headline rate was driven by lower hotel prices, which fell in
December having increased the year before. Tobacco prices also increased at a
slower pace than last year.
This
was partially offset by the rising cost of fuel and higher prices for
second-hand cars.
Gilt
market jitters
The
inflation figures will likely help to ease jitters in the gilt market, which has faced
a major sell-off in recent weeks.
Yields
on the 10-year and 30-year gilt hit their highest level in decades
last week,
partly due to fears that the government’s fiscal plans will push up inflation
in the coming months.
Yields
and prices move inversely. Higher yields represent the cost of government
borrowing, meaning that the Treasury has to pay out more in order to attract
investors towards UK debt.
Zara
Nokes, global market analyst at JP Morgan Asset Management, said that a
“sticky” inflation reading could have been a “catalyst for further volatility
in the gilt market”.
The
pressure in the gilt market has raised doubts about the government’s fiscal
plans and even prompted calls for the Chancellor to resign.
Rachel
Reeves’s fiscal plans
Economists
estimate that the upward move in yields has wiped out the £10bn buffer Reeves
left to meet her key fiscal rule in October. This rule forces Reeves to ensure
that day-to-day spending – including the cost of servicing servicing debt – is
funded through tax receipts.
But
weaker price pressures suggest that the Bank of England might be able to cut
interest rates at a slightly faster pace than markets expect, which would ease
pressure on gilts.
Before
the figures were released, markets anticipated the Bank would reduce rates just
once this year, but traders now think two cuts are likely.
Ruth
Gregory, deputy chief UK economist at Capital Economics, said the figures will
“strengthen the case for a 25bps interest rate cut in February”.
The
Bank of England cut rates twice last year, bringing the Bank Rate down to 4.75
per cent.
Still,
a number of commentators warned that the Bank would continue to take a cautious
approach, as concerns grow about inflationary risks in both the domestic and
global economy.
A
growing cadre of economists have projected that inflation could pick up to over
three per cent this year due to higher energy prices and the impact of the
government’s Budget.
More
Inflation falls to
2.5 per cent in boost for Chancellor Rachel Reeves
FTSE
100 rises and gilts recover but Reeves isn’t out of the woods just yet
Wednesday
15 January 2025 2:44 pm | Updated: Wednesday
15 January 2025 4:27 pm
Chancellor
Rachel Reeves was dealt some welcome good news after a surprise drop in
inflation that saw gilt yields fall
at the fastest pace in over a year on Wednesday, but some economists fear the
development represents a temporary reprieve with inflation at risk of
rebounding in the coming months.
New
figures from the Office for National Statistics (ONS) put the headline
rate of inflation at 2.5 per cent in December, down from 2.6 per cent the month
before.
Services
inflation – a good gauge of homegrown price pressures – slipped to 4.4 per
cent. This was down from 5.0 per cent in November and well below the 4.8 per
cent expected by City experts.
---- Investors
moved to fully price in two interest rate cuts in the UK for 2025, helping to
ease the pressure on gilts.
US
inflation also came in slightly below expectations. Although the headline
rate rose to 2.9 per cent, core inflation softened to 3.2 per cent, down from
3.3 per cent in November.
“The
compound effect of the US and UK CPI reports, which were both better than
expected, has had a profound effect on the bond market,” Kathleen Brooks,
research director at XTB said.
Gilts,
rates and housebuilders
Following
the figures, the yield on the 10-year gilt fell by as much as 16 basis points
to 4.73 per cent while the yield on the rate-sensitive two-year gilt also shed
12 basis points, falling to around 4.5 per cent.
According
to Bloomberg, this was the largest fall on the 10-year yield since 2023,
although it still left the yield well ahead of where it was just a couple of
weeks ago.
Equities
also marched higher on Wednesday, with housebuilders benefiting from hopes that
the Bank of England would cut rates at a faster pace.
The
FTSE 100 rose 0.88 per cent with Persimmon, Taylor Wimpey, Barratt and Berkeley
all among the blue-chip’s top risers.
The
FTSE 250, which is more aligned with the health of the domestic economy,
climbed 2.3 per cent to trade at 20,213.37, with housebuilders also among the
top performers.
“Housebuilders
are on the front foot, as interest rate cuts are forecast to come a little more
swiftly. That’s expected to accelerate the recovery we’ve seen in the housing
market,” Susannah Streeter, head of money and markets, Hargreaves Lansdown
said.
But
a number of economists pointed out that the fall in inflation was largely
driven by erratic movements, such as airfares and hotels, which might limit the
extent of rate cuts going forward.
Airfares
increased at the third lowest rate since monthly prices were first collected in
2001, the ONS said, largely because of the dates on which the data was
gathered.
This
single movement explained “about half” of the fall in core inflation, according
to Pantheon Macroeconomics.
“The
dovish news today is a temporary reprieve,” Rob Wood, chief UK
economist at the consultancy said, predicting prices would bounce back in
January.
The
data could also signal that the economy is weakening, Kallum Pickering, chief
economist at Peel Hunt, suggested.
“If
the cause of the softer momentum in prices during December is that a sudden
drop-off in demand has sapped firms’ pricing power, the risk to watch now is
that incoming data on the real economy surprise to the downside,” he said.
More
FTSE
100 rises and gilts recover after US and UK inflation data
Covid-19 Corner
This section will continue until it becomes unneeded.
But just how “rare” is rare and what are the long term side-effects, given no long-term studies were, or are conducted?
In duping millions into getting vaccinated, “rare” will still affect thousands of innocent, trusting people.
‘Rare’
Covid jab side-effects must not undermine vaccine role, inquiry told
14
January 2025
Rare
instances of vaccine side-effects must not be used to “undermine the vital
public health role that vaccination plays in keeping people safe from disease”,
the UK Covid-19 Inquiry has heard.
A
lack of trust in the government and scientists contributed to “false
narratives” about the mass vaccination programme during the pandemic, according
to Hugo Keith, lead counsel to the inquiry.
This
low level of trust “appears to go hand in hand with high reliance on social
media, high distrust about vaccine safety and high levels of vaccine
hesitancy”, he added.
Public
hearings for the fourth module of the Covid-19 inquiry started in London on Tuesday.
They
will run until January 31 and will look at the issues relating to the
development and rollout of vaccines in the UK, as well as barriers to uptake,
confidence in the jabs, access issues and issues around vaccine safety.
The
probe will also explore if reforms to the UK vaccine damage payment scheme –
which provides a one-off tax-free payment of £120,000 to those left disabled as
a result of vaccines – are necessary.
During
the hearing, the inquiry was shown a 15-minute video including accounts from a
number of people who were affected by the vaccination programme, including
those who suffered the rare and very rare side-effects.
Before
it was played, Mr Keith said: “I think in the public interest, it’s important
that I seek to emphasise that the references in this video to the obvious and
well-known fact that in very rare cases, vaccination has serious side-effects,
as indeed do all medicines, must not be used as a platform to seek to undermine
the vital public health role that vaccination plays in keeping people safe from
disease, or to try to seek to argue that at a population level, vaccination is
not overwhelmingly beneficial.”
He
emphasised the “rarity or often, the extreme rarity of the serious adverse
effects that were suffered”, but added: “Nevertheless, they did occur, and for
those who did suffer serious side-effects, and even worse, the very small
number of people whose loved ones died as a result, it was, of course, a
complete tragedy, and nothing that can be said about the rarity of those
terrible consequences can be taken, or should be taken, to diminish that loss.”
In
an opening submission, Anna Morris, representing UKCVFamily, Vaccine Injured
Bereaved UK and the Scottish Vaccine Injury Group, said: “The thousands of
people that these three groups represent present what is an uncomfortable truth
for many – that vaccine injury and death are part of the pandemic story.”
She
questioned if “political pressure” led to an environment “in which the
assessment and the regulation of the safety of vaccines was not as robust as it
should have or could have been”, or if a focus on jabs meant alternatives were
overlooked.
Ms
Morris also questioned if the public message to “follow the science”
contributed to pressure around vaccines.
“Our
groups question whether that mantra and that mindset contributed to a culture
of political and public pressure which dictated that vaccines were inherently
good and that there would be no adverse reactions expected,” she said.
More
‘Rare’ Covid jab side-effects must not undermine vaccine role, inquiry told
Technology
Update.
With events happening fast in the
development of solar power and graphene, among other things, I’ve added this
section. Updates as they get reported.
Conflagrations
are a concern for common lithium-ion packs. The flammable components can be a
part of terrible blazes
and explosions, though they are rare.
Again, just how “rare” is rare? Is
anyone even keeping a record?
Breakthrough
EV battery may have the power to extinguish its own fires: 'A significant
contribution'
14
January 2025
The description of
a triple-layer polymer electrolyte being developed at a lab in South Korea at
times calls to mind a candy bar. It has a "soft outer surface" and a
"robust middle layer."
While
absent a creamy caramel center, the crucial battery component could provide
better fire safety — as it can extinguish its own flames — as well as have
greater longevity than other packs. Those are important metrics for battery
developers in the effort to provide a cheaper, better-performing unit,
all according to
a lab report from the Daegu Gyeongbuk Institute of Science and Technology.
"This
research is anticipated to make a significant contribution to the
commercialization of lithium metal batteries using [solid polymer]
electrolytes, while providing enhanced stability and efficiency [to] energy
storage devices," principal researcher Kim Jae-hyun said.
The
battery includes two promising technologies. It's a lithium
metal pack, using lithium as an anode material instead of graphite.
Lithium metal offers reliable, long-lasting, and high-capacity storage. But
the tech suffers
some problems during operation that have limited its use, all per
ScienceDirect. For its part, graphite is subject to sometimes troublesome
foreign supply
chains.
Secondly,
solid electrolytes are being developed by experts at Harvard
University and elsewhere because of better fire safety, reliability,
and longevity, according to ScienceDirect. High cost, and the absence of a
scalable manufacturing process, are some of the cons highlighted
by Top Speed.
When
batteries operate, ions move between the anode and cathode through the electrolyte,
regardless if it's a solid or liquid, as detailed by
the U.S. Department of Energy.
DGIST's
triple-layer electrolyte could solve some of the problems that have held the
tech back as a mainstream power source for electric vehicles,
smartphones, and even large-scale energy storage.
A
key problem with
conventional solid polymer electrolytes is dendrite formation.
These metal, branch-like structures grow inside batteries as they cycle,
causing shorts.
As
part of the triple-layer approach, the Korean electrolyte includes decabromodiphenyl
ethane, a flame retardant, for self-extinguishing fire safety.
Conflagrations are a concern for common lithium-ion packs. The flammable
components can be a part of terrible blazes
and explosions, though they are rare.
DGIST
also added zeolite to
provide strength. Lastly, a heavy dose of lithium salt ensures ions are moving
well, all per DGIST.
The
pack performed strongly during testing. The different layers worked to boost
mechanical strength and electrode contact, leading to an 87.9% performance
retention after 1,000 cycles. That's an improvement over the 70% to 80% mark
notched by most common packs, all according to the lab summary.
More
Breakthrough EV
battery may have the power to extinguish its own fires: 'A significant
contribution'
Next, the
world global debt clock. Nations debts to GDP compared.
World Debt
Clocks (usdebtclock.org)
By a
continuing process of inflation, government can confiscate, secretly and
unobserved, an important part of the wealth of their citizens.
John Maynard Keynes.
No comments:
Post a Comment