Stagflation, Coal style
My definition of Stagflation is ‘inflation that works to impair the economy’ (as opposed to appearing as a benefit as it does early on) and the problem is gaining momentum in India (and China).
China isn’t the only huge Asian economy with a coal shortage now
I usually make fun of MSM sources like CNBC (MarketWatch, etc.) with their dumb, herd scattering, eyeball harvesting headlines. But this stuff is real. Per this post on my coal holding BTU…
“I know as much about coal for energy and steel making as I do about nuclear thermal propulsion. That is, basically nothing.”
Well, now I know more. Every once in a while men who stare at charts…
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