I’m honestly amazed that when the #Fusion news broke it was celebrated due to terrible reporting, the first articles I read had me thinking it was at least somewhat significant. #uranium
The first articles I read had me doing a little digging because I wanted to understand more about the fuel ingredients and the cost of the fuel production etc (energy going into fuel). I quickly discovered that one of the key ingredients is extremely rare and can only be sourced
Sourced in size from waste of a Candu #Nuclear power plant. And that we don’t even have enough stockpiled to ‘jumpstart’ the would be first comercial fusion reactor and run it long enough so that it can breed its one fuel. So we are at best decades away and…
And we will have serious challenges producing enough #fusion reactor fuel for a meaningful roll out.
But as we dig further in to the development we find that the lasers used to power the fusion consume 100x more power than they put out.
Hard to believe anyone with any understanding of net energy could possibly tout the small positive net energy production that occurred within the reactor as being at all significant. It’s nothing more than a rather meaningless footnote 👇
300mj of energy in yielded 3mj of energy out. 99% energy waste without calculating the energy required to create reactor and its fuel. I had no idea that fusion reactors are so monumentally far away from being truly net energy positive.
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Delaying multi billion dollar projects because of fuel shortages will result in runaway fuel pricing because fuel prices are irrelevant to these projects. HALEU shortages are just the tip of the iceberg here
Serious shortages of uf6, enrichment capacity, conversion and #uranium are coming. Slowly then all at once. Overfeeding is coming and due to the onslaught of new builds, extensions and restarts prices will be going back to and beyond the historic inflation adjusted price
If you polluted your brain by listening to fedspeak today…
CS dropping another 6% looking at going to zero. Let’s see what the ECB and Fed do about that? They will have to orchestrate a bailout/buy out and likely to make that happen they will have to promise in closed door meetings to buy up bad debts and ease. (Provide liquidity)
CS is too big to fail and steps that involve money printing and bouncing the economy will soon need to be taken or JPM and the rest of the financials charts will look like CS and it will happen in less than a year.
On one hand it could be argued they aren’t commodities or securities cause they are backed by nothing and completely worthless pieces of shit. So who should be the regulator?
and regular law enforcement wouldn’t do anything cause people are welcome to buy and trade shitcoins just like they do Pokémon cards.
But the charges laid on SBF make it finally clear. The shitcoins are going to be deemed to be commodities…
It’s been about 10 years since I had the pleasure of eating live Alaskan King Crab (steamed) Back then it was ~$60-65/lb CDN so it was still very pricey to share a ~7 lb lobster with a table for 6. But arguably worth it for a special occasion….
Recently got an email from one of my fav seafood restaurants saying it was coming in.. (Only avail for a few weeks or less in a given year) $131/lb! So,that means with tax and tip it’s about $1200 for 1 crab.
Just another antidote that inflation is always grossly understated
To double in 10 years you need a ~7% a year. Bonds are for losers (unless you just swing trade long bonds correctly :)
Crypto ecosystem is reported it to still have a ~$1.5 trillion market cap.
Over the last decade how much actual cash as been on-boarded via crypto exchanges and what happened to it?
Bitcoin miners all have real world bills and the bulk of coins mined and sold would have seen a large portion of the sale proceeds leave the system to pay the computer/electricity/staff/office space/tax bills etc.
There’s also been significant profit taking by some as we’ve all seen the ‘players’ living large, lambos, houses, yachts, and partying in expensive places.
Then we’ve also seen that these crypto exchanges have spent large on advertising as well as paying people individuals off
After I scrolling through fintwit comments, estimates and predictions related to as to how a cpi number will come in and how the market react, I’d like to offer my take…
I don’t care and frankly haven’t cared for decades what the government reports as a back dating cpi or frankly any number. It’s irrelevant. Predicting the future is all the matters…
Further more I don’t care what the fed says or does in any meeting. Because knowing what they are going to do in the coming quarters and years is again what really matters.