The Financial Reform Plan and Diabetes
Sammy stumbled on the sidewalk and fell bumping his head on the pavement. The passersby rushed to help him and bandage his bleeding forehead, and then went off happy that they had reversed this man’s misfortune. But, in reality, their treatment was superficial, for they only addressed its pressing visible Continue reading “The Financial Reform Plan and Diabetes”
Plows or Swords?
In the very first lecture in any introductory economics course, the student is quickly made aware that the world resources are limited, and therefore, not all desires (demand) can be satisfied. Hence, it is necessary to make choices to optimize the use of these resources to obtain maximum returns. To clarify Continue reading “Plows or Swords?”
The past few decades saw the birth of a new entity in in the world. Its name has not yet been revealed, but rumor has it to be “New Sparta”.
The original Sparta was a smallish ancient Greek city state that was renowned for its military prowess, aggressiveness and viciousness. And, Continue reading “New Sparta”
The Oil Wolves are at the Gates
Before the ink was dry on the OPEC production accord, the Shale oil producers pounced on the futures market, selling forward all or a big part of their 2017 and 2018 production. The prices they sold at were above US 55 per barrel, and possibly near $ 60. (Actually, they had started selling Continue reading “The Oil Wolves are at the Gates”
OIL PRICE – WHERETO?
OPEC announced on Nov 30, 2016 an agreement to cut its total oil production by 1.2 Million barrels per day to bring it to 32.5 mill b/d, as off Jan 2017. Overnight, Brent oil price spiked by 9% to around US$ 52. The next step is for OPEC to obtain and extra reduction of 600,000 b/d from Non-OPEC producers. Continue reading “OIL PRICE – WHERETO?”
USA and Pakistan, Best Friends?
It was reported that President Trump just had a telephone conversation with PM Nawaz Sharif of Pakistan, where he over-praised Sharif and Pakistan and promised to assist him in any way he could. Continue reading “USA and Pakistan, Best Friends?”