Morning all,
Gas and Nuclear the new Green....fancy that.
These brainiac boffins are great at theory and imaginary models but they just don't cut it in the real world sometimes, theres something called reality which they don't normally seem to account for or even believe in at times.
" The vote “reflects a growing recognition that the ongoing ‘energy transition’ is going to be far more complex and difficult to achieve than the overarching, simplistic narratives,” Blackmon told CNBC.
" “The fact that a legislative body as environmentally-focused as the European Parliament has been now recognizes the role that both natural gas and nuclear must play to ensure the continent’s energy security and stability is a welcome shift in outlook that should serve as an example worth of emulation by the Biden administration.” ................. AND Australia!!!!
https://www.cnbc.com/2022/07/06/europe-natural-gas-nuclear-are-green-energy-in-some-circumstances-.html
Oil sell off over-shoots.....says our favourite...Goldman. Yes i tend to agree with them on this aswell.............. Just being honest.
https://www.marketwatch.com/story/oil-selloff-overshoots-says-goldman-as-u-s-crude-extends-dive-below-100-a-barrel-11657134989?siteid=bigcharts&dist=bigcharts
For interest here some views from Deutsche Bank on the $US, Deutsche Bank is much better than it use to be these days, it's not the same as it use to be.
https://www.marketwatch.com/story/deutsche-bank-here-are-four-reasons-why-the-dollar-will-continue-to-strengthen-past-parity-with-the-euro-11657135268?siteid=bigcharts&dist=bigcharts
IMF chief says she can't rule out a Global recession. .......... Got to be near certain if she says that isn't it?
FED says 50-75bps very likely but the market doesn't seem to believe him and it goes higher, could be more sucker rallies on the cards as punters bet with hope rather than fact. dyor.
