Daily Archive: Sunday, October 12, 2008

Crude oil demand

[Skip to the end] World demand still projected to increase. Crude Oil Rises From 13-Month Low on European Bank Rescue Plan by Gavin Evans The International Energy Agency, an adviser to 28 nations, on Oct. 10 cut its forecast for global oil demand for 2008 to 0.5 percent, the lowest since 1993. ...Read More

European leaders vow Bank guarantees, bid to stop financial rot

[Skip to the end] Hopefully this will buy some time to hope for a general recovery of output and employment that contains the national deficits. This plan is also coordinated but still relies on the national government’s balance sheets. European Leaders Vow Bank Guarantees, Bid to Stop Financial Rot By James G. ...Read More

Macro update

[Skip to the end] Here’s my take on the events of the last year: Paulson/Bush/Bernanke pressed a ‘weak dollar’ policy to use exports to sustain GDP, rather than a fiscal package to support domestic demand. This kept the US muddling through but took demand from the rest of world. The rest of ...Read More