Did you know? Catalina Island has 2 desalination plants, thanks to So Cal Edison…the first plant is celebrating 30 years and the advancement in technology is making me thirsty. Click here...
Did you know? 5 desalination plants along the coast of Israel now provide nearly all the tap water for its 9.2 million people. One problem is that these plants tend to run on natural gas, which leads to higher water costs when gas prices rise….
Did you know? Germany used to apply a 19% sales tax on natural gas....it's now discussing lowering that to 7%. In most parts of the US consumers do not pay sales tax on natural gas.
Did you know? Instead of just lower inflation, these 10 important items experienced DEflation: eggs, butter, chicken, car rentals, hotdogs, milk, hotel rooms, gasoline, tomatoes and airfare prices dropped anywhere from 2.5 - 23.6% in price in the month of July12-August 12. (CNBC)
Did you know? Last month business class airfare to Spain was $5K-6K per ticket and today it is $3000. I’m glad I waited to book my ticket!
Did you know? Walmart and Home Depot results show the consumer is still spending, although shifting their habits, which results in excess inventory, markdowns ....and potential DEflation? US Walmart sales were up over 6%. Walmart inventories are up over 26% YOY which may imply an end to the supply chain crisis of 2020-2022? When prices rise too far, too fast, consumers simply stop buying.
Did you know? Inflation in the UK soared to 10.1% annually, above a consensus forecast of 9.8% and up from 9.4% in June. Rising food prices made the largest upward contribution to annual inflation rates between June and July. The Bank of England expects inflation to peak at 13.3% in October. A massive drought in Europe won't be helpful. Massive energy cost surges have been fueled by Russia's gas supply cuts and BREXIT that has caused costs for importers to increase, combined with a weaker pound....as well as reducing the availability of foreign workers in some lower-paid services industries, such as hospitality. UK house prices rose 7.8% in the year to June, a slowdown from the 12.8% annual rate recorded in May. (CNBC)