greatly articulated, as always! i love how markets are becoming a casino: decentralised for crypto & little less decentralised in stock markets. communities are dominating investing (always been the case but now clearly accentuated by social media) & communities are driven by narratives or the slightest unit of narrative: vibe.
i think most of the world or even all of it boils down to vibe & there's a vibecession (every reader of this newsletter would agree to it :P)
love how you condense so big narratives in a weekly newsletter, very few things give hope in life & Kyla's newsletter will always be one, at least for me.
negative & loud voices are rewarded by algorithms but in the long-term, substance always stay in things that matter to people. Keep marching up & to the right, Kyla!
Energy is driving the recession, and it’s policy-induced supply reductions in the US from cancelled leases and new regulations. We have to acknowledge that we’re in a global supply crunch. And the many decisions that brought us here cannot be easily reversed - in the case of US policy that has reduced energy production, they simply won’t be reversed for ideological reasons of the administration, and even if they were, given the regulatory uncertainty caused by the adversarial DOE, EPA, SEC, IRS, etc. - most producers wouldn’t go back to producing more anyway.
So, we’re really at sort of a floor in terms of energy supply and prices, a new normal induced by longterm supply constraints. People will have to adjust their consumption and reduce usage, of course, but less energy consumption (fewer flights, deliveries, vacations, etc.) means less economic activity. A recession can bring down demand and prices really fast, but it will be painful.
How is this content free
😭💛
So many takes my head is spinning. Bravo.
greatly articulated, as always! i love how markets are becoming a casino: decentralised for crypto & little less decentralised in stock markets. communities are dominating investing (always been the case but now clearly accentuated by social media) & communities are driven by narratives or the slightest unit of narrative: vibe.
i think most of the world or even all of it boils down to vibe & there's a vibecession (every reader of this newsletter would agree to it :P)
love how you condense so big narratives in a weekly newsletter, very few things give hope in life & Kyla's newsletter will always be one, at least for me.
negative & loud voices are rewarded by algorithms but in the long-term, substance always stay in things that matter to people. Keep marching up & to the right, Kyla!
Godspeed :)
thank you so much grace!! this is such an unbelievably kind comment and made my whole day :) i really appreciate you!
<3
Really great article, can't wait to read more
Another great read!
very entertaining takification.
holy crap Kyla
thanks for the InternetHippo reference
Energy is driving the recession, and it’s policy-induced supply reductions in the US from cancelled leases and new regulations. We have to acknowledge that we’re in a global supply crunch. And the many decisions that brought us here cannot be easily reversed - in the case of US policy that has reduced energy production, they simply won’t be reversed for ideological reasons of the administration, and even if they were, given the regulatory uncertainty caused by the adversarial DOE, EPA, SEC, IRS, etc. - most producers wouldn’t go back to producing more anyway.
So, we’re really at sort of a floor in terms of energy supply and prices, a new normal induced by longterm supply constraints. People will have to adjust their consumption and reduce usage, of course, but less energy consumption (fewer flights, deliveries, vacations, etc.) means less economic activity. A recession can bring down demand and prices really fast, but it will be painful.