Today I'm going to talk about small talk--that is, short conversations people often have with strangers they meet, such exchanges occurring at bus stops, on buses, on a waiting line, almost anywhere that strangers gather close together. As a matter of fact, these short conversations are a ...
An increase in oil price is always great news for U.S. shale producers as more production can be supported when prices are higher. Up until now, these producers have been adhering to a self-imposed discipline and not adding more rigs. To give you a sense of just how disciplined these pr...
Today, those reserves are at $464 billion, the lowest level since 2011. To deal with this crisis, Saudi Arabia has imposed austerity measures from an increase in its VAT tax to eliminating allowances for state workers in an effort to bolster battered state finances. Once again, the recent ...
Oilprice.com: I read a report by the Economist Phil Verleger, who thinks that the Saudis' massive increase in oil production, along with other economic problems could cause oil prices to crash to $40 a barrel oil and $2 a gallon gasoline by November. Do you think this is a reasonable ...
One good indicator is the oil price; the low oil prices have affected so many different industries that you will be very hard-pressed to see the market increase anytime soon. Until the oil prices level out, the overseas market needs an increased supply because of shortages of raw materials,...
T:Today we’re going to talk about price stability.Price stability has defined by the Governing Council of the European Central Bank.It’s the year-on-year increase in the Harmonised Index of Consumer Prices for the euro area of below 2%.B:Excuse me.Can you explain that in ...
Or consider an increase in AD when the economy is at capacity. The textbooks say you just get inflation in that case. But if you used a “real AD” concept, then there would have been no increase in AD in the first place. That’s right, even in Zimbabwe AD did not rise, because ...
Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply. Rising consum
Although totally closed economies are essentially nonexistent today, governments may still close off a specific industry or sector of their economy from international competition. Some oil-producing countries, for example, have a history of prohibiting foreign petroleum firms from doing business within th...
Exports will increase and imports will decrease due to exports becoming cheaper and imports more expensive. This favors an improvedbalance of paymentsas exports increase and imports decrease, shrinkingtrade deficits. Persistent deficits are not uncommon today, with the United States and many other natio...