scfranklin94

Wall Street Breakfast: Must-Know News

A lot of people get mixed up between the cost to produce oil versus the cost to maintain a goverment's fiscal policy. Kuwait needs crude to stay at $45/bbl to maintain their level of government spending; they need it to rise to over $55/bbl so that all of their investments in Dubai don't default. Kuwait has a lot of projects on the drawing board; at $40/bbl, most will get shelved.

Paul Krugman + Al Gore = The Way Forward

Got to remember that Krugman considers the 1950's to be the economic nirvana, not because the typical family only owned one car, but because a high school graduate could work in a union job and be solidly in the middle class. Unfortunately, that time period is over due to global competition. So trying to build an economy based upon government infrastructure projects... yea, right.