After discovering how China’s inflation is plummeting, I now discover how badly India’s economy is doing. I’ve been too focussed on European woes to recognise how widespread the economic problems are. More bad news.
Chinese inflation, which I haven’t been paying much attention to, is down to a 30-month low at 1.8% year-on-year. Where’s the hyperinflation? Chinese economy clearly struggling. Only more bad news for them and everyone else. I don’t know where it all goes from here.
Ok, so Tokelau isn’t the biggest country around, but as the first country to move to 100% solar electricity generation, it’s still notable. They won’t be the last. Keep watching to see how, slowly, renewable energy makes a fundamental difference to energy in our lifetime.
South African government policy and Eskom lethargy have long posed a risk to independent power providers and particularly renewable energy project developers. The rules change, policy documents take forever to be released, and ultimately the economics of the subsidies can be quite different from envisaged. FT has an OpEd on virtually the exact same issue […]
This is getting ridiculous. Shockingly bad policy is now being shown empirically to be shockingly bad. Only thing is, the policy proponents aren’t admitting they were wrong. I get randomness. I understand that we don’t know exactly where the UK would be without austerity policies. We don’t have a control group, there’s no clear comparison. […]
I can’t believe how the same blog post is basically exactly relevant, word for word, 3 years later. Eskom produces electricity for the country and makes a profit or a loss doing so. This profit or loss goes back into treasury, which, inefficiencies aside, belongs collectively to the citizens of South Africa. If prices are […]
So the “right party” wins the election in Greece supporting the bail out. Good news? No, not really. The ECB and European (aka German) policies on Greece are doomed to fail. I tweeted this morning that all I don’t see any good news, but I can small straws burning. Those are the straws that are […]
Fascinating idea. Should Germany leave the Euro to save it? Would these be a less catastrophic result than several Southern countries leaving? What does this mean for runs on banks? It’s not all straightforward. We could still end up with a run on non-German banks since the appreciation of the Deutschmark would correspond with a […]