Monthly Archives: December 2014

Greek parliament fails to elect President:New national elections called for January 25, anti-austerity Syriza likely winner

Events are moving closer to a major policy change for the better in Greece. The Greek parliament failed to vote in large enough numbers for the proposed candidate for President Stavros Dimas. He required 180 votes but received only 168 … Continue reading

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Sharp breaks and gradual transitions in markets:aggregate demand, aggregate supply and falling prices

My daughter and I had a discussion about isocline functions today at lunch. An unusual topic for lunch but a topic of increasing interest in neuroscience, chaos theory and other areas which seek to model dynamic shifts in functions. Look … Continue reading

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Russia has very low debt to GDP ratio. Most of its external debt is private.

As the crisis unfolds in Russia it is rather interesting to note that of the leading issuers of sovereign national debt Russia has among the lowest ratios in the world . Its debt to GDP ratio is just under 12 … Continue reading

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Oil in NYMEX market hits 53.60 in trading then rises to 56.05:Brent falls to 59. Russia CB raises interest rates to 17 %

The on going turmoil in the oil markets continues with the price today dropping for a time as low as $53.60 in the U.S. NYMEX market before recovering to $56 in later trading. The price for Brent oil touched $59. … Continue reading

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Oil supplies some basic information can help explain the drop in prices and the nature of the cartel

In order to make better sense out the sharp swings in the price of oil and the changing supply conditions it is very useful to have some data. I am reproducing a post from my older blog that I first … Continue reading

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Oil price plunge and possible Greek election: Clouds on the horizon or brighter days ahead ?

I am about to settle in for an evening devoted to grading my exams a twice yearly ritual that follows the end of an academic term. One always learns from reading exams. One also always learns from closely monitoring the … Continue reading

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The crisis of 2008:A second look back at the underlying causes and potential cures

The roots of the recent crisis and the path to recovery is still an important debate. A little over four years ago I wrote a piece on this and posted it in my older blog on blogspot. I am reproducing … Continue reading

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