Fossil fuels have been ingrained in the industrial fabric of our society for more than 100 years. It’s been the driving force behind everything we do from global conflicts to putting humans in space. Giving up our reliance on this economic lifeblood will NOT be an easy task. The costs will be extreme. And I don’t mean economically.
ASX opens lower on Thursday. Novonix, Syrah, Piedmont rise on DoE grants. Redbubble and Atomos plummet.
While Whitehaven Coal [ASX:WHC] reported ‘record coal prices’ during Q1 FY23, the coal producer also admitted that weather has affected its open-cut operations and volumes.
BHP Group [ASX:BHP] echoed Whitehaven Coal [ASX:WHC] by admitting its September quarter output was marred by ‘record wet weather’ and ‘ongoing labour shortages’.
The markets were on edge last week. Up. Down. Sideways. Mr Market seemed undecided. Unsure. Was the Fed getting ready to ‘pivot’? Was the recession going to be ‘softer’ than we expected? He didn’t know.
In today’s Money Morning, we have a ‘Choose Your Own Adventure: Recession Edition’ for you. The scramble for cash is draining liquidity from the economy. It’s a time to be cautious, but it’s also a time to start curating a watchlist of investments. Where do you look for those? Read on to find out…
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