The phenomenal boom of Canada’s oil sands industry continues, despite the complete absence of any government crash program to cope with peak oil.
Exchange rate pass through and dollar decline
Is there a direct relationship running from a change in the dollar’s value and import and export prices and thence to consumer prices?
Natural gas and crude oil prices
Can natural gas fall this far without oil prices moving more?
Energy futures as predictors
Many publications use energy futures as proxy measures for market expectations of future energy prices. Does this procedure make sense?
Stagflation
We all understand that the Fed’s next move depends on incoming data. But what if the incoming data raise concerns of both higher inflation and slower output growth?
Is dollar depreciation a separate policy channel for trade balance adjustment?
The dollar is on the decline…more or less. Will this cause the long awaited adjustment?
Commodity price inflation
Commodity markets have been a little too exciting recently for my quiet tastes.
Early indications of trouble
One leading indicator heads south this week.
March 2006 trade balance figures
Oil imports in the spotlight
The portfolio balance effect and reserve diversification
Implications from the debate over the Renminbi. And the Won. And the…