Aug. 22 at 5:05 PM
$EOSE $TSLA $SPWR $FSLR From Paul Krugman:
We’re hearing a lot of talk about stagflation now, for good reason. Tariffs and mass deportations are both stagflationary: They increase inflation while depressing growth.
It’s becoming increasingly clear that there’s a third major stagflationary force coming into play: Soaring electricity prices, which will also hurt growth while increasing inflation.
And this is only the start. Many analysts expect further large increases in electricity prices over the next year or more, largely because of surging demand from AI data centers. The electricity outlook is sufficiently scary that Texas — Texas! — has passed a new law giving the grid operator the right to cut off data centers during periods of power shortage.
But Trump has a scapegoat, which probably won’t surprise you — renewable energy:
https://paulkrugman.substack.com/p/kilowatt-madness?utm_source=substack&publication_id=277517&post_id=171585993&utm_medium=email&utm_content=share&utm_campaign=email-share&triggerShare=true&isFreemail=true&r=itfq8&triedRedirect=true
