We have this tendency to revere quotes by famous dead people even when they steer us down the wrong path. Here’s one… Nothing so undermines your financial judgement as the sight of your neighbor getting rich. – J. P. Morgan Morgan was a bully and an egotist so of course this was his take –…
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Today at a Glance: China’s energy crisis is best understood through the simple, Econ 101 lens of supply and demand, with a particular focus on the coal market. Demand-side drivers primarily include a booming recovery from COVID-19 lows and a hotter-than-normal year that increased residential power usage. Supply-side drivers include coal shortages, import restrictions, utility…
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