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Visualizing What Energy Sources Power The World?

Visualizing What Energy Sources Power The World?

There are many types of maps out there, but one of the most telling ones is a simple satellite image of the Earth at night. As 's Jeff Desjardins writes, on these powerful images, the darkness is a blank canvas for the bright city lights that represent the vast extent of human geography. The bright spots help us understand the distribution of population, as well as what areas of the world are generally wealthier and more urban.

Frontrunning: July 24

  • Kushner, Russian Ambassador Had Undisclosed Contact (WSJ)
  • Democrats take aim at big companies in economic blueprint (Reuters)
  • Trump open to signing Russia sanctions legislation (Reuters)
  • Schumer Predicts Trump Firing Mueller Would Be GOP Tipping Point (BBG)
  • Senate GOP Unsure of What Health-Care Measure They Will Vote On (WSJ)
  • Japan PM Abe denies favors for friend amid falling support (Reuters)
  • Britain’s Economy Is Almost Flatlining (BBG)
  • Wall Street Outlasts Congress on Banker Pay, But Still Loses (WSJ)

Is Canada Really "In Serious Trouble": Goldman Responds

Is Canada Really "In Serious Trouble": Goldman Responds

One week after we channeled Deutsche Bank's Torsten Slok, who two years ago warned that "Canada is in serious trouble", a warning which was especially resonant after last week's rate hike by the Bank of Canada - the first since 2010 -  which we argued threatens to burst Canada's gargantuan housing bubble...

... resulting in dramatic negative consequences for Canada's construction-heavy economy...

IMF Rings The Alarm On Canada's Economy

IMF Rings The Alarm On Canada's Economy

Shortly after yesterday's rate hike by the Bank of Canada, its first since 2010, we warned that as rates in Canada begin to rise, the local economy which has seen a striking decline in hourly earnings in the past year, which remains greatly reliant on a vibrant construction sector, and where households are the most levered on record, if there is anything that can burst the local housing bubble, it is tighter monetary conditions. And a bubble it is, as the chart below clearly demonstrates...

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