Baltic
Dry Index. 1566 -42 Brent Crude 64.28
Spot Gold 4597 Spot Silver 87.59
US 2 Year Yield 3.51 -0.02
US Federal Debt. 38.609 trillion US GDP 31.065 trillion.
US federal debt is now rising by slightly over 2 trillion dollars every ten months. This ends in a global disaster for all. Gold and silver expect this disaster sooner rather than later, because no one in the USA is willing to address the looming catastrophe.
How long does the US and global economy have before fiat currency revulsion occurs? No one on planet Earth can predict, but at two trillion of new US federal debt every ten months and rising, plus President Donald Trump alienating friend and foe alike with each passing month, my guess is it arrives before the end of President Trump’s term in office 2.0.
Are we doomed to a Thucydides ending?
Thucydides’ Trap: An Ancient Greek Historian’s
Warning for Modern Superpowers
Thucydides' Trap: An Ancient Greek Historian's Warning for Modern Superpowers - GreekReporter.com
Asia-Pacific markets trade mixed; Bank of Korea keeps interest rate unchanged
Published Wed, Jan 14 2026 6:59 PM EST
Asia-Pacific markets traded mixed Thursday
as investors assessed the Bank of Korea’s latest policy decision.
South Korea’s central bank held its
benchmark interest rate at 2.50%, in line with Reuters’ expectations, as the
recent slide in the won has narrowed room for policy easing.
The country’s benchmark Kospi rose 0.57%,
while the small-cap Kosdaq traded flat. The South Korean won weakened around
0.2% to 1,466.6 against the dollar.
The Nikkei 225 declined 1.05%
while the Topix added 0.15%. Australia’s S&P/ASX 200 rose 0.46%.
Shares of Toyota Industries jumped
5.8% after Toyota Motors said
late Wednesday it had agreed to increase its bid for Toyota Industries to
18,800 yen ($118.11) a share.
Hong Kong’s Hang Seng index lost 0.66%,
while CSI 300 fell 0.42%.
Shares of Trip.com fell as much as 21%,
making it the worst bottom mover on the Hong Kong index, after China’s market
regulator said on Wednesday it had opened an investigation into the online
travel platform over suspected monopolistic behavior. The company last traded
17.2% lower.
The Japanese yen strengthened marginally
to 158.34 against the dollar. Markets are watching for possible intervention by
Japanese authorities after the currency slid to an 18-month low earlier this
week.
Overnight in the U.S., stocks fell
for a second session, pulling back further from record levels, as traders
digested a fresh batch of earnings and monitored geopolitical developments.
The S&P 500 dropped 0.53% and
closed at 6,926.60. The Dow
Jones Industrial Average lost 42.36 points, or 0.09%, and ended at
49,149.63. The Nasdaq
Composite shed 1%, settling at 23,471.75. It was the second
consecutive day of losses for all three indexes.
Tech bogged down the broader market. Chip
stocks in particular suffered losses, as Broadcom fell 4% and Nvidia and Micron Technology slid more
than 1% each. On Wednesday, Reuters, citing people briefed on the matter,
reported that Chinese customs authorities have advised customs agents that Nvidia’s H200 chips
are not permitted to enter the country.
Asia-Pacific
markets: Kospi, Hang Seng Index, Nikkei 225
Trump’s latest geopolitical gambits all lead back
to China
Published Wed, Jan 14 2026 4:26 AM EST Updated
Wed, Jan 14 2026 8:07 AM EST
In 10 days, Donald Trump captured the
Venezuelan president, spooked European leaders with talk of annexing Greenland,
and imposed
25% tariffs on anyone trading with Iran. The common thread may be
America’s determination to challenge China and its dominance of critical
minerals.
By deposing Venezuela’s Nicolas Maduro and
taking over the country’s oil industry, the U.S. can curb Chinese access to
crucial resources and mining investments. By annexing Greenland, it could keep
rivals out of emerging trade routes and, potentially, mining of minerals. By
tariffing anyone trading with Iran, as protests threaten the survival of its
regime, the U.S. can penalize both the Middle Eastern country and China for
buying oil from it.
“The connection here is the U.S.-China
rivalry, and to a lesser extent U.S.-Russia strategic frictions,” Dan Alamariu,
chief geopolitical strategist at Alpine Macro, told CNBC over email.
“The U.S. simply doesn’t want either China
or Russia – or Iran for that matter – operating out of Venezuela. It doesn’t
want Chinese economic influence in Greenland, while it wants to counter Russian
pushes into the Arctic. And it wants to weaken Iran and Venezuela, which are
Beijing and Moscow friendly.”
Russia and China have been attracted to
Greenland by the warming of the Arctic, which is melting the ice sheet and
making the island’s critical minerals increasingly viable, Guy Kioni, the CEO
of Missang, a consultancy, told CNBC’s “Squawk Box Europe” on Jan. 12.
As a result, political and commercial
interest in the self-governing Danish territory has
increased in recent years. Critical minerals are needed for everything
from EVs to aerospace and defense, while new trade routes in the Arctic have
also emerged in what’s been dubbed the Polar Silk Road.
Washington is determined to deny such
“strategic locations” and resources to its rivals, Alamariu added.
Curbing energy supply
China has a near-monopoly on rare earths.
It controls 60% of the world’s mining and more than 90% of processing
capacity, per the International Energy Agency.
At the moment, the country has an
“untapped advantage,” Kioni said. “Without energy, that advantage then
reduces,” he said, noting that annexing Greenland would also give the U.S.
access to abundant green energy and help it “come to balance China.”
Kioni added that U.S. actions against two
countries that both provide oil to China — Venezuela and Iran — are
intended to constrain its energy supply, and processing rare earths is energy
intensive.
Venezuela’s cheap oil – of which up to 50
million barrels are expected to flow to the U.S. – may then help Washington
secure its own processing capabilities.
Building processing capacity for rare
earths is more important to the U.S. than mining them, Alamariu said.
“Greenland is important in this context, but not make-or-break.” He added: “To
be a great power, a country needs to have cheap power.”
“Neither Venezuela nor Iran are major rare
earths producers, though both are obviously major energy ones,” Alamariu said,
adding they both have “not insignificant” mining industries.
Critical minerals maneuvers
Trump is encouraging U.S companies to
re-enter Venezuela and invest $100 billion there. Chinese companies, many of
which are state-owned, have invested $4.8 billion in the South American country
the last two decades, per data compiled by the U.S.-based research firm Rhodium
Group. Beijing has also loaned Caracas cash, meaning the U.S.′
intervention puts
its investments at risk.
More
Venezuela,
Iran, Greenland part of Trump's U.S.-China playbook
Supreme Court tariff ruling: It’s not just
about refunds. Volume of U.S. freight trade could hinge on decision
Published Wed, Jan 14 2026 7:00 AM EST Updated
Wed, Jan 14 2026 2:55 PM EST
The looming U.S. Supreme Court decision on
the legality of many of President Donald Trump’s tariffs has
companies on edge as they eye
potential refunds, but the ruling also could quickly influence the volume
of trade to the U.S. ahead of Lunar New Year, according to logistics experts.
The freight industry in the U.S. has been
in a rate
recession due to lower container volumes after companies front-loaded
products to soften the impact of tariffs. The pulling
forward of freight altered the traditional peak season of shipping
container movement in 2025.
If the tariffs implemented under the
International Emergency Economic Powers Act are ruled to be illegal by the
Supreme Court, imports to the U.S. may rise as companies feel more confident
about their cash situation and seek an opening to buffer inventory ahead of
any revised
tariff plan from the Trump administration, which officials said will
be ready to go and accomplish its existing trade goals.
“If the IEEPA tariffs were to be removed
from all imported goods, there would certainly be an increase in imports,” said
Paul Brashier, vice president of global supply chain for ITS Logistics.
“Especially for goods recently being sourced in higher-tariffed countries,” he
said.
The Supreme Court issued three decisions
Wednesday morning, but the tariffs case was not among them.
While Trump’s trade war hasn’t slowed
Chinese trade with other nations — it just reported
a record $1.2 trillion trade surplus — global ocean container volumes
to the U.S. tracked by Sonar show a 14% decrease year over year. The higher
tariffs forced some businesses to run with leaner
inventories, with the drop in Chinese trade the most severe. Project44′s
January Tariff Report estimates U.S. imports from China fell 28%
year over year, while exports to China declined 38% in
2025. “This marked one of the sharpest bilateral trade contractions in recent
history,” Project44 noted in its report.
The Supreme Court decision comes at a
critical time of year for supply chain management decisions within companies
because factories shut down in China for a month in February for the Lunar New
Year. Orders for the delivery of spring and summer freight need to be placed
early to ensure the products leave the factories to be delivered in time to the
U.S. The time frame for companies to place manufacturing orders for Lunar New
Year is typically at the end of December or the beginning of January, to avoid the
slowdown in production of their imports. According to Seko Logistics, the
slowdown begins three to four weeks before Lunar New Year, as workers begin to
start leaving the factories to head home.
This year, the Lunar New Year falls
between Feb. 17 and March 3.
“If the Supreme Court does rule the
tariffs illegal, this will absolutely impact orders with an increased demand
for bookings for three reasons,” said Brian Bourke, chief commercial officer
for Seko Logistics. “First, the timing of the Lunar New Year holiday.
Second, we fully expect other tariff provisions to be used, but there are
limits and implementation timelines that will encourage companies to ‘beat the
clock’ again, and third is the expected infusion of future cash to fund these
purchases.”
If the tariffs are ruled illegal, the
Court of International Trade has the legal authority to require refunds are paid to
U.S. importers and retain jurisdiction over claims for refunds for a two-year
statute of limitations period. At the same time, the Trump administration has
said if the Supreme Court rules against it, there is already a plan in place to
implement tariffs using other legal provisions.
Smaller companies would be expected to act
first. “Small and medium-sized businesses must start ordering early compared to
the larger businesses because of their planning and smaller staff,” said Eytan
Buchman, CMO of Freightos. “The tariffs are sucking the life out of them
because of the lack of stability in their supply chain planning. There is too
much uncertainty.”
Based on its analysis covering five years of Lunar New Year ordering data, Freightos
would expect a surge of orders from small and medium-sized businesses to kick
in very soon if a ruling against Trump’s tariffs is issued.
“Normally, we see a massive spike in
importer activity three to four weeks ahead of Chinese New Year,” said Buchman.
“This means U.S. small and medium-sized businesses have until Jan. 20 to plan
their shipment.”
More
SCOTUS
tariff ruling: Volume of freight trade could hinge on decision
Seizing Greenland risks ‘monumental’ fallout,
ex-Iceland president warns, as Trump sharpens rhetoric
Published Wed, Jan 14 2026 11:21 PM EST
Any U.S. attempt to seize Greenland by
force would trigger “monumental consequences” for the Western alliance and the
global order, Iceland’s former President Olafur Ragnar Grimsson said, as
President Donald Trump sharpens rhetoric on controlling the Arctic territory.
Grimsson warned on CNBC’s “Access Middle East” that
“the fallout would be on a scale that we have never seen in living
memory.” Grimsson, the longest-serving president of Iceland from 1996 to 2016,
currently serves as the Chairman of the Arctic Circle, the world’s largest
annual gathering on Arctic issues.
Trump has framed Greenland — an autonomous
region within the Kingdom of Denmark — as central to U.S. national security,
saying China and Russia were building up their presence in the region.
A meeting at the White House between
officials from Greenland, Denmark and the U.S. Wednesday ended with “fundamental
disagreement” over the ownership of the island, a Danish official said
following the meeting, adding that both sides would continue to talk.
Trump doubled down on his rhetoric on
Greenland ahead of the talks, saying on social media that anything less than
Greenland becoming a part of the United States was “unacceptable.”
Greenland Prime Minister Jens-Frederik
Nielsen made it clear Tuesday that the country would choose
Denmark over the United States if it had to make a choice.
Grimsson pointed out that concerns about
Russia or China’s growing influence in the Arctic were overblown. “At the
present there is not a direct, clear, obvious threat from Russia and China in
the Arctic,” he said.
China’s most prominent role is in Russia’s
Arctic zone, where it has been involved in mining, energy resources exploration
and potentially in military exercises, said Grimsson. Beyond that — across the
Canadian, U.S. and Nordic Arctic — “China is not a big player,” while Russia
“is not there,” he added.
U.S. should ‘start at home,’ not ‘buy
Greenland’
Grimsson also argued that if Trump’s goal
is a stronger U.S. posture in the Arctic, Washington should focus on domestic
capacity. The U.S. is “already an Arctic country,” he said, noting its Arctic
expanse is larger than Texas.
Trump’s successive administrations have
underinvested in infrastructure such as icebreakers and ports in America’s
Arctic, leaving the U.S. behind its rivals, he added. “If you want an enhanced
presence in the Arctic, start at home,” Grimsson said, pointing to the absence
of a major harbor in the U.S. Arctic.
It is unclear what strategic or economic
advantage Washington would gain from overtaking Greenland, the Arctic leader
said, noting that existing arrangements already give the U.S. extensive
latitude.
“There are no barriers at the moment for
enhanced American security or business presence within Greenland,” he said.
“Since we have not heard any more detailed explanation for this desire, it’s
very difficult to understand concretely what it is about.”
Instead, Grimsson suggested Trump’s
worldview — shaped by his background in real estate — may be influencing the
fixation on territory. “He is probably the first major global leader who had
all his training and thinking done through the real estate business,” he said.
“Real estate guys think in locations.”
When asked whether Trump could take
Greenland by force, Grimsson said a military move was conceivable given the
imbalance of power and Greenland’s small population, but warned the political
costs would be unprecedented.
More
Seizing
Greenland risks 'monumental' fallout, ex-Iceland president warns
Now, are even American upscale consumers cutting
back? Consumerism bubble bursts?
Saks Global files for bankruptcy after Neiman
Marcus takeover leads to financial collapse
January 14, 20261 2:28 PM GMT
NEW YORK, Jan 14 (Reuters) - High-end
department store conglomerate Saks Global filed for bankruptcy protection late
on Tuesday in one of the largest retail collapses since the pandemic, barely a
year after a deal intended to create a luxury powerhouse brought Saks Fifth
Avenue, Bergdorf Goodman and Neiman Marcus under the same roof.
The filing cast uncertainty over the
future of the iconic U.S. luxury fashion brand, though Saks said early on
Wednesday that its stores would remain open for now after it finalized a $1.75
billion financing package and appointed a new chief executive.
Long loved by the rich and famous, Saks
never fully recovered from the COVID pandemic, as competition from online
outlets rose, and brands started selling more items through their own stores.
The company struggled last year to pay vendors, who began withholding inventory.
Former Neiman Marcus department store
chain CEO Geoffroy van Raemdonck will replace Richard Baker, the architect of
the acquisition strategy that saddled Saks Global with debt. Baker, the
executive chairman, had just stepped into the CEO role at the start of the
year.
Saks Global's assets and liabilities are
estimated to be in a range of $1 billion to $10 billion, according to
documents filed in U.S. Bankruptcy Court in Houston, Texas.
The original Saks Fifth Avenue store,
known for carrying exclusive brands like Chanel, Cucinelli and Burberry and its
Christmas light shows, was opened by retail pioneer Andrew Saks in 1867.
The court process is meant to give the
luxury retailer room to negotiate a debt restructuring with creditors or find a
new owner. Failing that, the company may be forced to shutter. The company, in its
filing, said demand is not the problem.
"The company's challenges are tied to
inventory availability and vendor confidence, not underlying demand for luxury
goods," it said in the filing.
NEIMAN MARCUS DEAL ADDED DEBT
The Neiman Marcus deal added debt at a
time when global luxury sales were slowing.
"In a market where luxury brands are
moving direct-to-consumer and shoppers expect personalization and speed, that
(merger) was always going to fail," Brittain Ladd, a strategy and
supply-chain consultant at Florida-based Chang Robotics, said.
Saks Global, which has about 17,000
employees, raised $600 million and restructured debt in mid-2025 to deal with
its financial woes. Persistent missed vendor payments and inventory disruptions
left the company with severe liquidity constraints heading into 2026, it said.
The thinly stocked shelves may have driven
shoppers away to rivals like Bloomingdale's, which reported strong sales in
2025, compounding pressure on Saks Global.
"Rich people are still buying,"
Morningstar analyst David Swartz said last month, "just not so much at
Saks."
More
Saks
Global files for bankruptcy after Neiman Marcus takeover leads to financial
collapse | Reuters
In other news, same old EUSSR.
EU banking rules could ‘choke investment’ from
booming City
Wednesday 14 January 2026 1:00
am
The European Union threatens derailing its
economic growth through changes to banking
regulation after
London beefed up its lending capacity following a Brexit boom.
The 27-state bloc is set to bring in new
legislation which will effectively ban non-EU banks from providing core banking
services – such as lending and taking deposits – without establishing a
fully-authorised branch or subsidiary within an EU member state.
A new report from the New Financial think
tank and City of London corporation warns the rules could hamper Europe’s
economic growth.
“In times when the EU economy needs all
the help it can get, this disruption could have a negative impact on the EU’s
ability to finance strategically important projects and, ultimately, EU
economic growth,” the authors note.
The report estimates up to a fifth of all
EU bank borrowing could be hit by these changes, including political endeavours
such as defence spending or the transition to net zero.
Nearly 12 per cent of total UK bank
lending is directed towards EU counterparties, which could be threatened by the
EU’s new Capital Requirements Directive, coming into effect from 2027.
According to the new report, the
regulation “could potentially choke investment from London at a time when the
EU’s economy is stagnating and needs large sums of additional investment.”
Assessing the relative health of financial
centres in the wake of Brexit, the report notes that “EU banking activity
involving UK institutions has surged 60 per cent since the 2016
referendum” and that “while UK banks have successfully diversified to
other global markets (reducing their overall share of EU lending by 20%)
the overall value of UK bank lending into the EU still remains higher than
vice-versa.”
Meanwhile two-thirds of euro-denominated
derivatives trading still happens in London, and a fifth of EU-domiciled
investment funds are managed in the UK.
Calling for “for a more serious
conversation about how both economies can work more closely together,” the
report makes a series of recommendations including the creation of an enhanced
EU-UK regulatory dialogue, mutual recognition of professional services
qualifications and an exchange programme between UK and EU regulators.
Square Mile pivots to US
London has made its presence known on the
global stage post-Brexit with 42 per cent of bank lending involving a non-UK
counterparty, compared to just 18 per cent for the EU.
Meanwhile, the City has enjoyed strong
relations with the US banking scene, with figures from the Macrothink Institute
at the end of 2025 showing the top 5 US banks – Goldman Sachs, JP Morgan, Citi,
Morgan Stanley and Bank of America – still hold a whopping 89 per cent of
their total
European operational staff in the UK.
More
EU banking rules
could 'choke investment' from booming City
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.
World Bank: Global economy ‘more resilient than expected’
Wednesday 14 January 2026 12:00 am
The global economy has been “markedly more
resilient than expected” against a hostile backdrop of geopolitical and trade
uncertainty, according to the World Bank which has upgraded its growth forecast
for 2026.
In its biannual assessment of the international
economic outlook, the world’s preeminent financial body said that the “limited”
pass-through of tariffs onto prices and the artificial intelligence investment
splurge helped economies largely shrug off predictions of a slowdown in growth.
The bank predicts global economic growth to edge
down to 2.6 per cent in 2026 from 2.7 per cent the previous year. But the
projection is far higher than the 2.3 per cent growth for the coming 12 months
forecast by the bank’s economists in June, as the worst
of Donald Trump’s tariff threats were
largely avoided and businesses raced to invest and roll out
AI.
“The global economy has shown greater-than-expected
resilience to major shifts in the trading system, heightened policy
uncertainty, and geopolitical tensions,” authors of the World Bank’s flagship
Global Economic Prospects report wrote. “In part, this reflects shortterm
support for activity last year that stemmed from the stockpiling of traded
goods, as well as easier financial conditions amid expectations of further
monetary easing.”
World Bank economists singled out the United
States’ performance as especially buoyant, upgrading their growth estimate for
the world’s largest economy by some 0.6 per cent to 2.2 per cent. The update
constituted the bank’s single largest upward revision since its last
temperature check in the summer.
The US was a particular beneficiary of the surge in
spending on AI and the growth in trade policies, which the organisation said
was “sharply higher” than in previous forecasts.
World Bank warns of trade and stock market risks
But officials also warned that near-term risks to
their buoyant outlook were “tilted to the downside”, should the looming threat
of further trade barriers materialise or stretched financial markets show signs
of a impending downturn.
“The effects of a retrenchment in risk appetite and a confidence shock
in advanced economies could be substantial,” they
wrote. “A decline in household wealth would lead to weaker consumption.
Financial institutions would likely amplify the downturn by tightening credit
conditions.”
World Bank: Global economy 'more
resilient than expected'
US retail sales beat expectations in November
January 14, 2026 1:47 PM GMT
WASHINGTON, Jan 14 (Reuters) - U.S. retail sales
increased more than expected in November as motor vehicle purchases rebounded
and households increased spending elsewhere, pointing to solid economic growth
in the fourth quarter.
Retail sales rose 0.6% after a downwardly revised
0.1% drop in October, the Commerce Department's Census Bureau on Wednesday.
Economists polled by Reuters had forecast retail sales, which are mostly goods
and are not adjusted for inflation, advancing 0.4% after being unchanged as
previously reported. The Census Bureau is catching up on data releases after
delays caused by the 43-day government shutdown.
Spending is largely driven by higher-income
households, with lower-income consumers struggling to cope with the rise in
the cost of living. The government reported on Tuesday that food
prices increased by the most in over three years in December,
even as overall inflation was moderate.
Bank of America Securities said its Consumer Prism
showed "the gap between higher- and lower-income spending growth was
substantial and persistent through the fourth quarter." It noted that the
divergence between the two income cohorts started in late 2024 and widened over
the course of last year, adding that the "K-shape" in spending
"is more evident in discretionary than non-discretionary spending."
President Donald Trump, whose aggressive trade
policy has been blamed by economists for higher prices, has made a flurry of
proposals to lower the cost of living, including buying $200 billion in
mortgage bonds and a 10% cap on credit card interest rates for a year. Banks
and financial institutions
warned the proposal would limit access to credit.
Economists and policymakers argued that lack of
supply was making housing unaffordable.
Retail sales excluding automobiles, gasoline,
building materials and food services increased 0.4% in November after a
downwardly revised 0.6% gain in October. These so-called core retail sales
correspond most closely with the consumer spending component of gross domestic
product. They were previously reported to have shot up 0.8% in October.
Consumer spending increased at a brisk pace in the
third quarter, driving much of the economy's 4.3% annualized growth pace
during that period. The Atlanta Federal Reserve is currently forecasting GDP
increased at a 5.1% rate in the fourth quarter.
US retail sales beat expectations
in November | Reuters
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.
Honda’s solid-state battery breakthrough has a deeper story behind
it
13 January 2026
As carbon neutrality becomes an increasingly important priority for automakers, new
developments in the EV space
are more crucial now than ever before. Honda, a
pioneer in efficiency technology, is not looking to be left behind in the EV
race. Instead, the Japanese brand has positioned itself as a leader in battery
technology with a full-blown commitment to the development of solid-state
batteries.
Few emerging technologies are more
important in the automotive world right now than solid-state batteries. Honda
has already set big plans in motion to be among the first automakers to bring
this critical technology to market. In this way, the Japanese brand can keep
its products relevant and competitive for the next generation of drivers while
also meeting its carbon emission standards.
The Origins Of Honda's SSB Development
Honda has had a long-standing goal of
realizing carbon neutrality across all its products by 2050. The only way that
is going to happen is through the rapid development of emerging EV
technologies. As the EV market currently stands, widespread adoption has been
hampered by limited range, lackluster charging infrastructure, and exorbitant prices. Only one technology has been presented as a catch-all solution to our
current situation: solid-state batteries. Honda views SSBs as one of the most
important investments for the future prosperity of its brand. Let's discuss
Honda's approach and why it has decided on a proprietary method.
Honda In-House Strategy
Solid-state batteries aren't just some new technology for Honda;
they represent the very future of the company. The Japanese brand aims to be
one of the first globally to bring this product to market and initiate mass
production. They are ensuring they can retain tight control over the
development process of this core technology by not outsourcing the research or
manufacturing of SSBs, but rather, keeping every part of the process in-house.
Honda's strategy for SSBs is a holistic one, where it envisions mass-production
methods even from the early stages of development. Everything, from optimal
size to materials and production methods, is considered during the development
period. The better its mastery of the development process, the better the end
product will be. In-house SSBs will be critical for Honda to develop better and
more affordable EV products in the near future.
Honda's Development Timeline
Honda has stated its goal is to
introduce SSBs to production models by the second half of the 2020s. It is
realistic to expect the implementation of Honda's SSBs by 2028, which they
consider the start of the "mid-term" in their battery development
roadmap. By then, the brand also plans to have established full-scale battery
data traceability, the application of sustainable materials, and the scaling up
of its EV value chain. These developments mean that electric range is set to double in the second half of the 2020s from about 300
miles to 600 miles. Simultaneously, SSBs will allow for a 50 percent reduction
in size, a 35 percent reduction in weight, and a 25 percent reduction in cost.
If Honda can manage to achieve this potential, it will know it has secured a
competitive edge ahead of other automakers in our future EV landscape.
More
Honda’s solid-state battery breakthrough has a deeper story behind it
Next, the
world global debt clock. Nations debts to GDP compared.
World Debt Clocks
(usdebtclock.org)
Silver surged past $90 an ounce for the first
time as precious metals
rallied amid attacks on the Federal Reserve, rate-cut bets and
geopolitical tension. “The rally has a lot of room to run,” said Lotus Asset
Management CIO Hao Hong, who sees silver potentially reaching $150 by the end
of this year. Base metals also surged, with tin and copper hitting record highs.
Silver Breaks Above $90 an Ounce for the First Time - Bloomberg
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