The AI revolution runs on copper, gallium, and staggering amounts of electricity. Industrialist Robert Friedland warns the world is monumentally short of these critical materials, most of which are controlled by China, sparking a new "mercantile" era of resource nationalism.
The tape Odd Lots · Sep 12
“And so now we're seeing a sort of perfect storm in a balkanized world economy where demand for certain critical metals is going to infinity.”
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Bloomberg Surveillance · Energy Driven Inflation Risks, Mounting US Debt & The Case Against Cutting Social SecuritySep 12
The U.S. national debt has hit an unprecedented $40 trillion, with interest payments now costing more than the entire defense budget. Experts warn that losing the world's confidence in the dollar could force the country to pay for its "past profligacy."
Marketplace · What's the new normal for global oil?Sep 10
West Texas Intermediate crude has surged past $100, with shipments from the Middle East down 65% year-over-year. Analysts warn that consumers should get used to it, with one predicting $100 oil and 5% rates are the "new normal."