Daily review 25/07/2022

16 comments on “Daily review 25/07/2022”

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  1. 1

    German led EC plan to limit gas across Europe,unwinds as countries question the closing of German Nuclear fleet (and subsequent reliance on russian gas )

    https://twitter.com/SStapczynski/status/1550498688925339653?cxt=HHwWisDUofeVvYQrAAAA

    Sweden offers support for E=mc2,

    https://twitter.com/simonwakter/status/1550518368507396097?cxt=HHwWgoDQybePxoQrAAAA

    Poland has offered to lease the German reactors,whilst Belgium has started plans to extend life of existing reactors.

    Germany also has an emerging constitutional constraint,with a debt ceiling of 60% of gdp (the emergency provisions of a 100b euro wont last long due to nationalization and subsidy's of FF)

      1. 1.1.1

        Sweden said they can supply within 120 days (like the last shipment being the most recent supplier)

        There is a lot of misleading information coming from Harbecks economy advisors (political greens not appointed)

        https://twitter.com/simonwakter/status/1548245668128366598?cxt=HHwWjIChne7OvPwqAAAA

        The german nuclear reactors produce around 6.5% of electricity (7.5% yesterday compared with 8.9% gas).

        https://twitter.com/simonwakter/status/1550803895185801218?cxt=HHwWhIC8jaP7x4UrAAAA

        1. 1.1.1.1

          Very odd behaviour that being the case…..one would think German industry would be twisting every arm they can find

          1. 1.1.1.1.1

            Internal German politics,Scholl wants them to remain (Harbeck continue with closure) then Harbeck offers deal of tradeoff,that they can stay on in return for speed limit on autobahn,They are also carefully watching the Euro,as OZ and FED review interest rates currency depreciation removing softening commodity changes.

            1. 1.1.1.1.1.1

              And yet they burn more coal to (attempt to) compensate for the reduced gas (and nuclear)….no wonder PIIGS (+) are balking,…EU appears determined to split.

                    1. 1.1.1.1.1.1.1.1.1.2

                      Russia is probably stressed by only getting the same income from 40% less exports.

                      China the middle class is stressed,by the Xi ideology that a property is a place to live,not an investment,as mortgage strikes continue for unfinished property,deposits frozen,the level generation (16-24) unemployment rate twice the US.

                      Emerging market crisis extends to most of central asia and its only monday.

    1. 3.1

      Its very good.

      I can also recommend Spirited Away and, for the kids, Kiki's Delivery Service

      Studio Ghibli ftw!

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