Item of General Interest
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Category Archives: Financial Implications
Many people are concerned that we have an oil problem. Or they are concerned about recession and the need to lower interest rates. As I see the situation, we have a problem of a networked economy that is not functioning … Continue reading
We often hear the statement, “When oil supply is lower, oil prices will rise because of scarcity.” Now, we are getting to see firsthand whether oil prices really do rise, as oil supplies become more scarce. Figure 1 shows that … Continue reading
Economists tell us that within the economy there is a lot of substitutability, and they are correct. However, there are a couple of not-so-minor details that they overlook: There is no substitute for energy. It is possible to harness energy … Continue reading
It seems to me that the situation in China is far different from what most people think it is. Even if we would like to depend on China, we really cannot. Reason 1. When we depend on goods from China, … Continue reading
Nearly everyone wonders, “Why is Donald Trump crazy enough to impose tariffs on imports from other countries? How could this possibly make sense?” As long as the world economy is growing rapidly, it makes sense for countries to cooperate with … Continue reading