The political turmoil in Tunisia and Egypt that precipitated the abrupt end of decades of political dictatorships that governed the vast majority of countires in the MENA (Middle East and North Africa) region. The political revolution, influenced by democratic upheaval in Tunisia and Egypt, facilitated the attempts to overhaul the autocratic regimes in Bahrain, . . . → Read More: Demographic Patterns and Structural Change in North Africa and the Middle East
As of February 2011, the Consumer Price Index has gone up 2.1 percent in the preceding 12 months. Core inflation (All items excluding Food and Energy) went up just 1.1%. Inflation is certainly not beating at the door. On the other hand, global food commodity prices have been rising suddenly as have oil prices. . . . → Read More: Looking Around the Corner for Inflation
For those of you who study macroeconomics and finance, here are some interesting articles on macroeconomic issues:
Menzie Chinn, The Employment Situation in the Graphs, Econobrowser, December 4, 2009 (link)
Menzie Chinn, Debt and Interest Rates; Some Empirical Evidence, November 23, 2009 (link)
Olivier Blanchard, Marianna Riggi, The Price of Oil and the Macroeconomy, . . . → Read More: Macroeconomics Reading Club
Sales of Ford Motor Company’s trademark pick-up trucks and SUVs were down 28% for the month of June, sending the DOW plunging into bear territory again, along with news of the worst inflation yet this year and oil prices today nipping at $143 per barrel. It’s sad really, but also more than a bit . . . → Read More: Hey, Does Anyone Have a Better Idea?
The cost of oil has only recently dropped after more than a year of bank-breaking prices. While it has decreased from $140 to $65 per barrel, the future of oil prices remains obscured. To alleviate the pressure of finding solutions to our oil dependency without funding tyrants overseas or drilling holes in our eastern . . . → Read More: Are Synthetic Fuels Viable Alternatives to Ethanol?