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Modern Day Mutually Assured Destruction (1)
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Big Government (160) permalink
Before the most recent report on Lehman Brothers’ use of Enron-like methods to hide debt from its balance sheet, Greece had recently been accused of similar shenangians. The sovereign was under scrutiny for swaps it had set up with Goldman Sachs that allowed the nation to mask its real debt load, effectively cooking its books in order to meet the fiscal standards required for admittance into the Eurozone in 2001. This was not the first ...Shared by Curtis (256)Comment View comments -
Saudi Oil Minister Sees No Need to Alter OPEC Production Now (1)
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The Center of the Universe (2) permalink
The Saudis continue to set price and let quantity adjust, and output levels are ‘comfortable’ with substantial room to go higher or lower to support their target price. If they do leave it ‘in the 70-80 range’ there should be no inflation in the US and most other nations. The US has never had a serious ‘inflation problem’ that wasn’t oil driven. Saudi’s Naimi Sees No Need to Alter OPEC Production By Ayesha Daya and ...Shared by Roger (5)Comment View comments
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