05-18-2013, 12:42 AM
Here's a question. To what extent is QE bad so long as it matches real economic growth? I haven't done any numbers but is the Fed's expansion of the money supply matching US economic growth? Is it matching growth plus our trading deficit? I suspect if it is the former the policy can and should be maintained. If the latter, and maintained for a long period, good for the US but not the world economy.
Regardless, in today's financial world anyone (including those looking to finance IOC's build-out) shouldn't be discounting future value at 15%, at least for the next couple of years. That is especially the case for a basic resource such as NG whose value will only increase alongside any future inflationary trends.
Regardless, in today's financial world anyone (including those looking to finance IOC's build-out) shouldn't be discounting future value at 15%, at least for the next couple of years. That is especially the case for a basic resource such as NG whose value will only increase alongside any future inflationary trends.