Wednesday, May 30, 2012

Oil Signals Economic Slowdown

SEARCH BLOG: ECONOMY and OIL

Perhaps all of those all-electric cars are driving down the price of oil.  Perhaps not.

The recent price drop in oil suggests that confidence in the global economies is slipping badly.  Keynesian economics say this is the time for governments to spend more money.

That was tried in Greece.  Fail.

Perhaps it is time to re-visit some economic assumptions about government spending and debt... although those who claim that spending and inflation are the keys to success probably want to double down on that bet.


FT [Financial Times] has an interesting interactive graphic.  Check it out here.


Damn, those Austrians might have been right.

2012 IS HERE

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