The blog has worried in the past about the way that official statistics seem to be increasingly manipulated to provide a rosy view of the economy. Barrons, the leading US investment magazine, provides another example this week, in connection with the report that US GDP grew at 3.3% in Q2. Barrons notes that this is […]
Chemicals and the Economy
China drills for oil off Florida coast
John McCain, Republican Presidential candidate, is making waves in the US political scene with his suggestion that the ban on offshore drilling for oil might need to be lifted. Barron’s, however, notes rather ironically that in fact, drilling is already underway off the Florida coast. It points out that ‘Cuba is allowing Chinese energy companies […]
Should US mortgage rates rise?
There’s a very interesting article in Barrons (the premier US investment magazine) today. It compares current efforts by Treasury Secretary Paulson in trying to cap US mortgage rates with President Nixon’s ill-fated introduction of a US wage/prices freeze in 1971. Barrons points out that non-US buyers are already being hit by major write-downs in the […]
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