Ireland and the euro: Pig no more? Another oil shock? - McKinsey Quarterly - Energy, Resources, Materials - Oil & Gas. It’s been a while since the world has been truly preoccupied with the threat of sustained high oil prices.
The global economic recovery has been muted, and a double-dip recession remains possible. But that dour prospect shouldn’t make executives sanguine about the risk of another oil shock. Emerging markets are still in the midst of a historic transition toward greater energy consumption. Death By Hawkery. What the world needed in this global deleveraging crisis was deficit spending and higher inflation targets.
What it got was fiscal austerity and obsessive concern with inflation risks that weren’t real. Hence the catastrophe now unfolding. Judging from recent comments, many readers missed my earlier analyses on these issues — I’m still getting the “You idiot, debt got us into this mess, how can debt get us out?” Type of comment. So let me re-repost my discussion of this whole issue in full, followed by a couple of brief notes on the European situation.
The Story. Slugger O'Toole. Marklittlenews - stories that reward you for paying attention. Shane Ross (SenShaneRoss) Simon Coveney (simoncoveney) Paul Sommerville (PaulSommerville) Latest National Results - Boards.ie 2011 General Election Poll.