Posts Tagged www.bloomberg.com
OPEC and the Folly of Market Intervention
The folly of market intervention by governments and monopolies can best be illustrated by that of OPEC. Although recently proposed cuts in production by OPEC members and non-OPEC producers like Russia will certainly raise the price of oil…at least temporarily…they have side effects that are contrary to the interests of those same producers.
Ukraine Industrial Production
As we mentioned on the MBS, Ltd. Blog recently, the decline of Ukraine’s currency-the hryvnia- should impact exports, making steel more competitive in the global marketplace.
Changes in Ukrainian law allowing greater foreign investment in strategic industries will also help develop this crucial sector of the Ukrainian economy.
At the current time, industrial output is declining in [...]