Russia Archive

Re: change of govt = change of practice

(Email) On Dec 5, 2007 11:50 PM, Wray, Randall wrote: > Bill: thanks. Yes I think the data are overwhelming for very serious problems, for deep recession, and for rate cuts. the problems to the real economy aren’t showing up yet exports have been more than filling the housing gap- as long ...Read More

Saudis are Necessarily in Position of Price-Setter

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 facts”(November 14) is precisely the response indicated in my letter (November 12); in this case from an energy information service. While Mr Binks’ statements are indeed factual, ...Read More

Oil Price Conspiracy Theories Get in the Way of Facts

Published November 14, 2007 in the Financial Times From Mr Adrian Binks. Sir, Warren Mosler (Letters, November 12), reveals the level of hysteria that affects even intelligent western economists when it comes to oil prices. First, economists need to understand the facts. Saudi Arabian crude oil is sold at prices directly linked ...Read More

Saudis Do Set World Oil Prices – Despite Bold Denials

Published November 12, 2007 in the Financial Times From Mr Warren Mosler. Sir, As crude oil prices continue to rise, the media continue to assume that competitive market forces are behind the increase, including political tensions, weather, supply disruptions and demand pressures. Completely overlooked, however, is the fact that the Saudis post ...Read More

Re: U.S. $ and oil prices; the T-bill and the fed target rate

(email from Tom @ Laffer Investments) > Looking at this chart of the 91-day T-bill…don’t think > the Fed’s not going to cut rates on December 11th. We > expect .50 bps and more cuts early next year…unless > something changes. The low t-bill rate is due to money funds switching asset ...Read More

Review of Evans Speech

November 27, 2007 Financial Disruptions and the Role of Monetary Policy* Skipped the first part. It’s very good history and analysis. With regard to shocks to the financial system, our concern is about the ability of financial markets to carry out their core functions of efficiently allocating capital to its most productive ...Read More