A breakthrough in fusion energy could change the world Published by Hilliard MacBeth on Dec 16, 2022 Commercial fusion energy would change the world. This week U.S. researchers showed that more energy could be produced by fusion than was used in the process. This is called a “net gain”. Is this the energy breakthrough the world was waiting for? Fusion... Read more
The central bankers resort to wishful thinking Published by Hilliard MacBeth on Dec 09, 2022 The Bank of Canada resorted to wishful thinking this week while raising interest rates again and hinting that this increase might be the last one. The Bank of Canada (BOC) raised rates this week by 50 basis points. The prime rate at Canada’s banks almost... Read more
Central banks apologize as borrowers suffer Published by Hilliard MacBeth on Dec 02, 2022 Philip Lowe, governor of the Reserve Bank of Australia (RBA), made a public apology for the statements that were made about interest rates. He told people that rates would stay low and now that rates have risen substantially many people are in trouble... Read more