Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom

Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock Submitted by Thomas Kolbe Politics has established a new routine. Right at 12 noon, prices at German gas stations now rise day after day. The government’s pricing decree, a hastily assembled mechanism, acts like an accelerant in an already dramatically strained fuel supply situation. Anyone with rudimentary economic understanding already knew that this form of price regulation would amount to political posturing with fatal consequences. The market is reacting as expected. Gas station operators anticipate general price increases and indirectly...

Georgia Governor Signs Bill Suspending State Gas Tax For 60 Days Authored by Aldgra Fredly via The Epoch Times (emphasis ours), Georgia Gov. Brian Kemp signed a bill on March 20 suspending the state’s gasoline tax for 60 days, the first such move taken by a U.S. state since the U.S.–Israeli war with Iran began in late February. Georgia Gov. Brian Kemp delivers the State of the State address on the House floor of the state Capitol in Atlanta, Ga., on Jan. 25, 2023. Alex Slitz/AP Photo The legislation, dubbed HB 1199, will...

Nvidia To Raise $20BN In Debt From First Bond Sale Since 2021, As AI Debt Frenzy Goes Parabolic Over the weekend, we published a length report analyzing what we dubbed "the $1.8 trillion off-balance sheet time bomb at the heart of the AI supercycle",  which focused on the recent surge in popularity of off-balance sheet SPVs, as well as $1 trillion in long-term purchase commitments, and $800bn in lease commitments, which support the AI buildout, and do so by masking the true funding costs of the AI buildout, yet which...