Vortex

China Power Demand Hits Record As Polar Vortex Split Pours Arctic Air Into Region

The Beijing meteorological station recorded one of the coldest temperatures in decades this past week, sending power demand through the roof.  Lei Lei, the chief forecaster for Beijing meteorological station, told China Daily that the first cold wave in 2021 features a “dramatic temperature drop,” “significant wind-chill effect,” and “prolonged period of low temperature.” On Jan. 7, Beijing…

World's Top Economies Brace For $13 Trillion Debt Maturity Vortex

To kick off the New Year, the world’s largest economies face a massive global debt overhang due to the coronavirus-downturn; some $13 trillion in debt is coming due and will need to be refinanced in an ultra-low rate environment.  Seven top economies plus several major emerging markets economies “face the heaviest bond maturities in at…