“The petrostate collects huge revenues, but in turn creates powerful and compelling incentives for cronyism” Ibsen Martínez
Continue reading Venezuela and the Nightmare of the Petrostate
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My Thoughts On The Ukraine Crisis
“We must understand that the dependence on Russian gas is declining. Russia depends on Europe as its key gas consuming partner, if we analyse who needs whom the situation is very balanced. Moscow needs us more than we believe” Continue reading My Thoughts On The Ukraine Crisis
Commodities Update
Marcellus production went from 12.1-Bcf/d last Thursday and settled at 12.9-Bcf/d, more than expected, potentially suggesting a faster timeline in filling the new pipes: in weeks instead of months seen historically. Continue reading Commodities Update
Five Lies About Quantitative Easing
Compiled/created by Statistics Professor Juan Manuel Lopez-Zafra (@juanma_lz)
1) “QE has created 8 million jobs“
2) “Despite QE, there is no inflation”
3) “There is no evidence that QE creates financial asset inflation”
…Or encourage excessive risk-taking
4) “QE helps average Americans, not Wall Street”
5) “There is no evidence that QE is re-creating the housing bubble”
