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I don't see it either. Looks like things get better. U.S. isn't as bad off as UK. What I am wondering is how nearly every country there is able have a deficit. That doesn't seem right. Not everyone can be negative, the only positives were Saudi and Russia. I guess private investors are...

So, why is gold worth anything? Copper is much more useful. As an economist, I don't understand. other than the little used in jewelery which is recyclable, I don't see the demand except from people that like to invest in it. 1. I think it takes only brick the size of my cube at work to run...

Stupid google messes up trivia. I had to take a class when i got into the oil industry. Blue barrel meant it was from rockefellar, it had 42 gallons at stp Basically, you got screwed when you dealt with anyone else, which still happens when you have a small service company operating...

spot on, blue barrels from Rockafellar. 2nd, why was it so important for the barrel to be blue?

Come on folks, oil trivia, Why bbl?

We will either always, or have never had, been able to meet demand with oil production. Its just that the price changes. At some price we demand almost infinite barrels, at some price we demand no barrels. the only thing that is relevant is if we will run out, but again price changes...

i guess they might be buying the yen with cashed dollar bonds. Good point.

Doesn't China have its own stimulus program and has an over heated economy with labor shortages. Also other countries with their own stimuli have created additional consumption demanding chinese goods. Wouldn't they be cashing mature yen notes? They are buying from Japan, not the U.S. This...

Just looking at this at work. Too bad its just 36 days worth, that is if they are able to actually develop it. Its a high risk discovery due to deep water 1mi and in hurricane prone region. Need a better oil price, or stability in oil price to go forward. At least there is no political...

In U.S. Wait unil you are old. Take on as much debt as possible. Deed everything to family members before dying. Make family rich. Its hard to benefit personally from this debt game, and its risky. using family take out the risk. Everyone should do it.

Regarding the renewed reserves for drained oil fields. Likely drainage from other horizons have made its way into the reservoir. btw, I make a db for all undeveloped fields world wide. If you only count undeveloped discovered reserves we've got 3.2-3.5 years worth of oil at today's consumpton...

"Why do you fail to consider the real estate taxes? OK, so your house is worth a million dollar due to hyperinflation and now you need to pay 50K in taxes, and one may not have the money. Inflation and deflation are both bad. Mild inflation and strong growth are good, but we rarely see that."...

Regarding prices and the Austrian view, what about supply and demand shifts for a particular commodity? This could be due to changes in culture, technology, population etc. Say population grew (all other thing equal), food would be demanded more while perhaps arable land stayed the same, so...

There are only two kinds of inlfation: 1. market derived (ie supply/demand of a commodity or service) changes. 2. monetary derived inflation (exchange rate). Thats it. All inflation is part of these two types. Ex. Supply/Demand ice cream costs 1/gallon, supply drops or demand...

random variables are not influenced. they are random. influence implies causality, not just correlation.

For those who continue to bash, but know nothing about ‘regular’ economics or ‘regular’ economists: Professionally I don't know an economist that uses any style of macroeconomic theory in their role at the office. I only see university economists and non-economists having the luxury of...