Posts Tagged oil prices
Market Intervention Follies…continued
Here at BOZONGO…we are not gloating over the news that oil prices dropped after OPEC announced production cuts. As this article from www. timesonline.co.uk proclaims, the market intervention/manipulation by OPEC could not keep prices from falling, nor will they in the future. OPEC member and other producers will maintain oil flows in an attempt to [...]
Emerging Protectionism in Emerging Markets?
One of the primary factors that changed a recession into the Depression of the 1930s, was protectionist legislation enacted in the United States. This set off retaliatory moves by other nations that led to catastrophic reductions in global trade. Ultimately, protectionism combined with increased taxation, pushed the World into Depression as well prolonged it until [...]