Venezuelan Collapse? Wishful Thinking?

The oil and business press is abuzz with predictions of an imminent Venezuelan financial collapse, as a prelude to its political implosion, which should oust President Maduro and erase the Hugo Chaves ambitious experiment. Continue reading “Venezuelan Collapse? Wishful Thinking?”

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The Gulf Oil Economies Dilemma

If you wish to buy a television set, and your country doesn’t manufacture TV’s, you need to first find the currency of the manufacturing country. The TV manufacturer wants to be paid in his currency with which he incurred his production costs, and his profit will be spent on his living expenses. The only way you can get his currency is if Continue reading “The Gulf Oil Economies Dilemma”

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Inflation in Kuwait and the Gulf

One economic opinion argues that rising oil prices do not cause consumer price inflation in the short to medium term. Its reasons that consumers’ incomes are fixed in the short term and, as such, are distributed (spent) among a variety (basket) of goods and services. Continue reading “Inflation in Kuwait and the Gulf”

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Are European Banks too Risky?

DAILY BASKET – NEWS COMMENTARY

MARSAL COMMENTS: The European Union (EU) is discussing issuing a law that allows the immediate freezing of depositors’ money in banks that show weakness and sustain a run on them.  Continue reading “Are European Banks too Risky?”

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