Posted by WARREN MOSLER on 4th September 2012
Remains high evidencing that there’s still a bid for that much crude at their posted prices, which also went up all month.
And, if Saudis are near ‘practical’ full capacity, that a relatively small supply disruption could cause a large spike in price.

Posted in Comodities | 2 Comments »
Posted by WARREN MOSLER on 4th September 2012
Bill Mitchell to lead a discussion on the Job Guarantee at the European Commission’s conference this week.
Posted in Employment | 1 Comment »
Posted by WARREN MOSLER on 4th September 2012
*MERKEL SAYS EUROPE HAS TO LEARN TO ONLY SPEND WHAT IT TAKES IN
*MERKEL SAYS TOO MANY IN EUROPE HAVE LIVED BEYYOND THEIR MEANS
*MERKEL SAYS EU MUST ENSURE THAT IT FIRST EARNS WHAT IT SPENDS
*MERKEL SAYS `DEBT MEANS DEPENDENCY’
Posted in EU, Germany, Government Spending | 10 Comments »