The narrative this week has quickly shifted from stimulus hopes, vaccines, and virus mutations to what is now known as the Texas Freeze and the energy market has been turned upside down as these low temperatures continue to rock the Lone Star State that is woefully underprepared for such a rare event.
And everyone particularly those suffering the effects of the catastrophic freezing temperatures understandably wants to know who to blame, aside from Mother Nature.
Temperatures in Dallas, Texas, have sunk to below zero. While typical for a state such as Michigan, where attics and water pipes are insulated, snow plows and generators are standard issue, and residents know what to do to keep their pipes from freezing, Texans are understandably not accustomed to such inclement weather. Neither is their energy infrastructure.
American, JetBlue start jointly selling tickets under new partnership American and JetBlue launched a partnership to better compete in the Northeast that allows them to sell tickets on each other s flights
Biden to pledge billions in aid toward global Covid vaccination efforts The Covid pandemic is not going to end unless we end it globally, a Biden official said, adding that vaccinating Americans remains the highest priority.
Via SchiffGold.com,
The bond market is getting clobbered. Long-term interest rates are rising and that is putting significant pressure on gold. Peter Schiff talked about rising rates and the gold market in a recent podcast. He said the rise in long-term yields is a function of inflation and people seem to forget that inflation is good for gold.