The Economist (August 3)
“The world’s thirst for oil could be nearing a peak. That is bad news for producers, excellent for everyone else.” Is oil becoming “yesterday’s fuel”? The Economist believes demand may be nearing long-term decline brought about by advances in fracking and automotive technology.
Wall Street Journal (May 9, 2013)
“The yen’s decline signals hopes for a more groundbreaking economic shift: the reversal of nearly two decades of stagnation, weak demand and declining prices.”“The yen’s decline signals hopes for a more groundbreaking economic shift: the reversal of nearly two decades of stagnation, weak demand and declining prices.”
Tags: Demand, Economic shift, Hope, Japan, Prices, Stagnation, Yen
New York Times (September 20)
Nobel prize winning economist Paul Krugman was convinced “the next great crisis would be different” from the last. He figured it might be technology- or resource-related, rather than financial. He’s now surprised to find “we’re having the same crisis, and making the same mistakes.” We are again suffering from “a banking crisis and a collapse of aggregate demand, aggravated by bad monetary and fiscal policy.”
Economist (January 13)
U.S. carmakers are bouncing back, but the Economist splashes cold water on the global outlook. Excess capacity will hamper profitability. “The car industry can produce 94m cars a year, against global demand of 64m. Unless that changes, it will never return to health.”
Tags: Automakers, Capacity, Demand
