Calories, Capital, Climate Spur Asian Anxiety
Higher oil prices mean lower rates from the Fed, and higher inflation rates induced by shortages mean stronger currencies abroad. Why do I have so
December 28, 2007
Higher oil prices mean lower rates from the Fed, and higher inflation rates induced by shortages mean stronger currencies abroad. Why do I have so
Looks like markets are still trading with the assumption that as the Saudis/Russians hike prices the Fed will accommodate with rate cut. That’s a pretty
This means Saudis/Russians will continue to be price setters for at least the next few quarters. IEA Lifts 2008 World Oil Demand Growth Forecast By
(an interoffice email) > > > 16bp day for 2yr spreads today: > > > > The market went into the fed announcement expecting perfection
And the risk is headlines could get much worse after they cut. For example: ‘Oil prices rise as Fed rate cuts drive down the dollar’
Saudi production rose last month, meaning demand for their output increased even at the higher prices. They are acting as ‘swing producer’ and let output
Here’s the response to Jan’s (Goldman) concern about lost capital constraining lending. Bank capital grows endogenously- it’s not a constraint on lending apart perhaps from
Published November 16, 2007 in the Financial Times From Mr Warren Mosler. Sir, Adrian Binks’ letter “Oil price conspiracy theories get in the way of