Category Archives: Economy
Shooting Monetary Blanks
Severe storms in the Midwest and South are flooding out levees and riverbanks at a rate not seen in 74 years. From what we gather, if levels rise much higher at the confluence of the Ohio and Mississippi rivers the … Continue reading
Oil Hits 32-Month High As Unrest Persists in the Middle East
Oil prices keep going up. Gas prices too. We filled up our tank on Wednesday and paid $4.19 per gallon for the cheap stuff. What gives? According to the President high oil prices are caused by speculators gaming the oil … Continue reading
Removing All Doubt
Oil prices jumped above $106 per barrel this week. What gives? The short answer: global supplies are tightening while consumption is increasing. “Energy economists continued to gauge how recent unrest in Libya, Bahrain, Yemen and Syria will affect exports from … Continue reading
A Modest Alternative to Monkeying with Currency Markets
Late last week, while many were busy paying tribute to their Irish brethren with good cheer and libations, the Group of Seven (G-7) nations were busy monkeying around in foreign exchange markets with their first coordinated intervention in over 10 … Continue reading
