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Oil - Wishful Thinking Will Not Bring Lower Prices at 2006-03-22 12:06:52 Is the world of oil experts as polarized as society in Bush's America? Michael Simmons, prominent representative of the school of peak oil, in opposition to the oil industry's optimists, comes up with more alarming facts on the dwindling replacement rate of used oil. In an article in WorldOil.com (ha
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The Mogambo Guru Caves In Under The Weight Of Public Debt at 2006-03-22 12:06:52 Don't mistake the Mogambo Guru for being drunk in case you should catch a glimpse of his red face, eyeballs restlessly wandering all over while soaked in smelly sweat. This week it did not need any booze to reduce him to the shivering wreck he normally is. This time the Mogambo Guru is getting profusely paranoid when looking at all these mountains of debt the current administration piles on day af
Given the monetary developments in the Euro area the ECB is most likely to raise the leading overnight lending rate another 25 basis points to 2.5% on Thursday. On Monday the ECB released money supply figures for January, showing an acceleration of M3 to an annual rate of 7.6% (7.3%) whereas Eurosta
