Day: January 28, 2024

US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace

Energy News Beat The economy grew solidly. The debt spiked. By Wolf Richter for WOLF STREET. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that current-dollar GDP, grew faster than the current-dollar debt, so that the […]

Trafigura assesses Red Sea risks after tanker attacked by Houthis

Energy News Beat DUBAI, Jan 27 (Reuters) – Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put out a blaze on a tanker attacked by Yemen’s Houthi group a day earlier. The U.S. military said a U.S. Navy ship and other vessels provided assistance […]