Authored by Gail Tverberg via Our Finite World blog,
The way the world economy is manipulated by world leaders is a little like a giant video game. The object of the game is to keep the world economy growing, without too many adverse consequences to particular members of the world economy. We represent this need for growth of the world economy as being similar to making a jet airplane fly at ever-higher altitudes.
Authored by Tsvetana Paraskova via OilPrice.com,
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports.
Authored by Gail Tverberg via Our Finite World blog,
Submitted by Gail Tverberg via OilPrice.com,
What is ahead for 2016? Most people don’t realize how tightly the following are linked:
1. Growth in debt2. Growth in the economy3. Growth in cheap-to-extract energy supplies4. Inflation in the cost of producing commodities5. Growth in asset prices, such as the price of shares of stock and of farmland6. Growth in wages of non-elite workers7. Population growth
Submitted by Gail Tverberg via Our Finite World blog,
What is ahead for 2016? Most people don’t realize how tightly the following are linked: