Over 20% of Global Oil Refining Capacity Faces Closure Risk
This significant shift, attributed to weakening refining margins, stricter environmental laws, and evolving energy demands, particularly impacts European and Chinese refineries.

Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
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This significant shift, attributed to weakening refining margins, stricter environmental laws, and evolving energy demands, particularly impacts European and Chinese refineries.

The looming risk of another housing collapse in the U.S. is highlighted by the precarious situation of low interest rates and escalating debt in both commercial and residential sec…

Federal Reserve Chair Jerome Powell takes a cautious stance on interest rate policy amidst rising U.S. inflation data.

The U.S. Treasury's accelerated debt issuance, reaching staggering levels reminiscent of the pandemic, signals a looming fiscal crisis.

New England is set to bid farewell to its last coal-fired power plants, Merrimack Station and Schiller Station, marking a significant move in the region's shift away from fossil fu…

Japan’s potential intervention against the dollar's strength highlights a broader economic narrative, underpinned by the influential eurodollar system.

The U.S. government's extensive borrowing, particularly in recent years, has a more immediate effect than many realize, directly influencing the rise in interest rates across perso…

The looming 'China shock' threatens the U.S. economy as China's economic downturn leads to an influx of cheap goods, jeopardizing American manufacturing and green energy sectors.

Dive into the intricate stages of the supply shock that's reshaping the global economy.

Delving into the intense debate of egalitarianism, read a thorough analysis of Thomas Sowell's critiques from the 1980 Free To Choose TV series.

In a revealing financial report by the U.S. Treasury, an alarming $175 trillion shortfall in Social Security and Medicare funding poses a dire threat to America's retirement future…

The Federal Reserve has encountered a record operating loss of $114.3 billion in 2023, compelling it to suspend its regular contributions to the US Treasury.

Joe Biden's portrayal of the U.S. economy as thriving contrasts sharply with public sentiment, a divide best understood through the lens of the Common Man CPI.


Across the United States, a pivotal shift in consumer spending is emerging, transcending demographic boundaries.

In a historic turn of events, the U.S. has set a new benchmark in the global energy market with its crude oil exports hitting an all-time high of 4 million BPD in 2023.

Debt interest payments have begun to consume a vast portion of income tax revenue, revealing a concerning imbalance in federal spending and income.

In the wake of the 2023 bank failures, Ampersand Inc.'s Depositor Priorities Survey uncovers a stark change in depositor attitudes, revealing heightened concerns about bank safety.

The US commercial real estate (CRE) market is under significant stress, with CRE CLO managers buying back delinquent loans to avoid a market collapse, while China grapples with its…

Fix the money, fix the world.

The Commoner
Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.
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