Can Utilities Sink The Solar Market?
The solar market, like oil, is finely balanced and relatively small disturbances can lead to significant price swings. With the backdrop of lower LNG prices in Asia and utilities, especially […]
Will Greece Sink The Eurozone?
What are the risks for Greece to create another eurocrisis? Actually, these are pretty substantial. There are two kind of risks. The first is that under the specific institutional make-up […]
Is Putin Winning The Oil War?
Admiration for Putin’s decisiveness has largely subsided in the West, but not totally. There are still people arguing Russia will come out the other end reinforced. While low oil prices […]
There Must Be A Bubble Somewhere
When asset bubbles emerge, many point to central banks as the culprit. Today, people point to the shale credit as a bubble, “caused” by the Fed. While interest rates are […]
The Portable InterOil
InterOil, like most oil and gas companies, suffered from the fall in oil price. But unless energy prices stay low for a decade or so, which we think is unlikely, […]
There is no Recovery!
The explosion in the economic blog sphere is a mixed blessing, some blogs seem to be able to create something almost like an alternative reality. Simple data and textbook economics, […]
Serving 2 Masters At A Time?
Monetary policy cannot serve both economic stability and financial stability at the same time. The use of monetary policy to achieve financial stability is a blunt instrument, producing widespread collateral […]
We Actually Do Know What Works
There is much frettening about what are often called unprecedented expansionary policies. While these policies do have risks and drawbacks, historical evidence strongly suggests that they work under conditions similar […]
The Japanese Endgame
Some argue Abeconomics has already failed. Others argue it will end in hyperinflation, or in a massive capital flight, or a bond market crash, or all of the above. Others […]
A Russian Default?
It’s no secret that Russia is plagued by the crash in the oil price and Western sanctions, but there are also a host of structural economic problems. If the present […]