Tag Archives: oil

Welcome Back Mr President!

By Admin | Published: January 4, 2010

Welcome Back Mr President!

From underwear screening to health care to a nuclear ultimatum from Iran, President Barack Obama has 2010 start with his agenda driven by events and not choice. This is the nature of the beast and Obama’s management skills will be tested this month. Let’s do a quick list of what’s happening and the major questions to resolve.

1. The Xmas Eve terrorist attempt and the fall out from the lack of CIA communication. Should a head roll and will this help?
2. Yemen as an almost failed state that is housing terrorists. What to do and … …READ MORE

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Australia Leads Where the Fed Needs To Go

By Admin | Published: October 6, 2009

Today in a somewhat surprise move, the Reserve Bank of Australia raised interest rates 25 basis points to 3.25%. The RBA becomes the first G20 central bank to officially begin an exit strategy from monetary easing to stem the global financial crisis. They had previously cut rates a record 425 basis points. RBA Governor Stevens said, “The risk of serious economic contraction has passed.”

Australia didn’t experience a contraction to the extent that Western countries have and is fortunately tied to economic stimulus in China. However, this tie comes at a cost as the massive Chinese loan stimulus has bled … …READ MORE

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