JonG

Deflation on the Ski Slopes?

More of a question- Is the dashed line off the end of the chart a "technical" estimate of when the index will be returning to 100 which is where it has sat for much of the late 1900's? I am not sure this provides a very good estimate of the timing of when prices will bottom though- there are a lot of other possible outcomes. Also, just because prices are going down because everyone is selling assets to raise cash does not mean we are seeing deflation. Longer term it is hard to believe we will not be seeing the inverse due to the rapid increase in money supply we are experiencing.
Thanks

Exxon Mobil Plays Hardball With Venezuela

Incredibly naive article. I am quite happy to see XOM not roll over and accept Hugo's blatant nationalization- if that is not justification for a freeze of assets I don't know what is. What goes around comes around. Don't forget, many of the companies that entered Venezuela did so when prices were horrendous in the late 90's so do they not deserve now to make a decent profit. Of course Venezuela's production is now dropping due both to the nationalization of assets and the mass exodus of educated oil field workers to more stable countries where there services are better apprciated.