No we’re not kidding. The International Energy Agency (IEA) in a report issued today says the United States will overtake Saudi Arabia and Russia to become the world’s largest global oil producer by 2017. Not only that but it can be in a position to become an exporter of petroleum by 2030. All thanks to […]
US to become world’s largest petroleum producer by 2017 Read More »
Does economic growth in the US really depend on who wins the US Presidential election this Tuesday? No. How much can President Obama or Republican candidate Mitt Romney do for the economy? No. How can the US or any economy create real sustainable job growth? Empowering Innovation. The New York times article today highlighted a
What is Obama’s real economic problem? Read More »
Number of the day: 7% Chicago Federal Reserve President Charles Evans, strong proponent of quantitative easing (QE) tells CNBC televsion this morning he expects unemployment in the 7% range for at least another 2 years. As 7% is unacceptable to the Federal Reserve, the statement means he expects a minimum 2 years of continued $40B/month or more
As widely expected the US Federal Reserve Chairman, Ben Bernanke concluded his two-day Federal Open Market Committee meeting with new monetary direction: Key points: Much larger and aggressive move than expected Buying $40 billion worth of mortgage debt per month with no definative end date Focus is on improving the employment outlook Strong short term
Bazooka Hits the Spot Read More »
